What are the responsibilities and job description for the Senior Market Risk Analyst position at Comerica Bank?
Sr Market Risk Analyst
The Sr Market Risk Analyst is responsible for providing guidance and assessing the risks associated with Capital Markets-related market risk. This role involves performing effective challenges on the capital markets business activities, reviewing market risk related reporting and related assumptions, monitoring key risk indicators, and analyzing risk management strategies.
The Sr Market Risk Analyst will review, monitor, and provide guidance related to market risks within the organization's investment portfolio and capital markets portfolios (Energy Derivatives, Interest Rate Derivatives, Foreign Exchange). This role involves assessing potential impacts of market fluctuations, ensuring effective risk management strategies and when appropriate pre-purchase due diligence. The ideal candidate will have a strong analytical background, experience with risk modeling, and a solid understanding of capital markets and regulatory requirements.
Position Responsibilities
Risk Analysis and Monitoring
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI’s Record of Arrest and Prosecution Background (“RAP Back”) service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer – disability/veteran.
The Sr Market Risk Analyst is responsible for providing guidance and assessing the risks associated with Capital Markets-related market risk. This role involves performing effective challenges on the capital markets business activities, reviewing market risk related reporting and related assumptions, monitoring key risk indicators, and analyzing risk management strategies.
The Sr Market Risk Analyst will review, monitor, and provide guidance related to market risks within the organization's investment portfolio and capital markets portfolios (Energy Derivatives, Interest Rate Derivatives, Foreign Exchange). This role involves assessing potential impacts of market fluctuations, ensuring effective risk management strategies and when appropriate pre-purchase due diligence. The ideal candidate will have a strong analytical background, experience with risk modeling, and a solid understanding of capital markets and regulatory requirements.
Position Responsibilities
Risk Analysis and Monitoring
- Review market risk related materials provided by Customer Risk Management Products team and Corporate Treasury; including but not limited to ALCO materials, weekly markets meetings, modeling and stress testing assumptions and results, KRIs, and Market Risk Rule.
- Monitor market trends and key economic indicators that may affect Bank market risk.
- Provide oversight of securities purchases and conduct postmortem assessment of securities purchase analysis, including impact on duration, yield, liquidity, and hedge value.
- Attend tactical ALCO and the Weekly Markets meeting providing effective challenge and subject matter expertise where appropriate.
- Work closely with Customer Risk Management Products Middle Office to ensure the design, inputs, and results are fit for purpose (OpenLink, Spectrum, InTrader) and properly represent the business needs.
- Review and oversee market risk stress testing simulations, assumptions, decisions, results, and reporting.
- Review and provide guidance surrounding Market Risk Rule calculation, reporting, and backtesting, De Minimis reporting, and ensure accuracy, compliance, and alignment with industry standards and internal risk frameworks.
- Analyze market risk related model results and provide effective challenge of the methodology and model design.
- Conduct data review and market risk model oversight.
- Provide guidance and effective challenge of the evaluation and selection of a replacement back office and risk reporting application.
- Partner with the Customer Risk Management Products, Portfolio Management, and Finance teams to align on risk management strategies and optimize the market risk profile.
- Support regular reviews and updates of risk policies, methodologies, and procedures.
- Support the identification and assessment of market risk emerging and existing risks.
- Conduct research on macroeconomic factors, yield curves, and other financial data to inform risk strategies.
- Provide insights to support hedging activities and balance sheet management strategies.
- Support the Bank's efforts and readiness surrounding Category IV planning.
- As needed conduct ad hoc market risk analyses.
- Manage capital markets related challenges, and stress testing scenario design.
- Other duties as assigned.
- Bachelor's Degree from an accredited university in Finance, Financial Engineering, Accounting, Economics, Mathematics, or a related field. MBA, Master's Degree in Finance, Economics, or a related field preferred
- 4 years of experience in corporate treasury, capital markets, or a related function within financial services
- 4 years of experience working with risk management tools and software, and experience with data analysis tools
- CFA (Chartered Financial Analyst) completed or working towards preferred
Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI’s Record of Arrest and Prosecution Background (“RAP Back”) service, which provides ongoing notification to the Company of any updates to your criminal history.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer – disability/veteran.
