Market Risk Analyst

Responsibilities

• Design, implement, and monitor risk limits for new products, including daily VaR monitoring and stress testing
• Collaborate with Engineering and Product teams to refine and stress-test margin architecture and engine requirements
• Assist in the development of the Enterprise Risk Management (ERM) framework, including Risk Appetite Statements and Key Risk Indicators
• Act as the risk lead for new product approvals, identifying unique risks associated with liquidity and event-based outcomes
• Develop forward-looking stress testing scenarios to assess the impact of market volatility on capital and liquidity
• Build automated risk dashboards and reporting tools using SQL and Python to provide real-time insights to leadership

Requirements

• 2–5 years of experience in Market Risk, Middle Office, or Quantitative Analysis within fintech, hedge funds, or HFT environments
• Deep understanding of derivatives (Futures/Options) and margin mechanics
• Proficiency in SQL and Python (or R) for data analysis and building risk models
• Degree in a quantitative field such as Finance, Mathematics, Physics, Economics, or Engineering
• Strong ability to communicate complex quantitative risks to non-technical stakeholders

Preferred Qualifications

• Experience in a high-growth startup environment
• Direct experience with SPAN or TIMS margin methodologies
• Familiarity with regulatory frameworks such as SEC, FINRA, or CFTC
• Financial Risk Manager (FRM) or CFA designation

Benefits

• Competitive Salary & Stock Options
• Health Benefits
• New Hire Home-Office Setup (one-time USD $500)
• Monthly Stipend (USD $150 per month via Brex Card)

About the Company

Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure provider for stocks, ETFs, options, crypto, and fixed income. Serving hundreds of financial institutions across 40 countries, Alpaca provides institutional-grade APIs to broker-dealers, hedge funds, and crypto exchanges, supporting over 9 million brokerage accounts.