How to hire a market risk analyst

How to hire a market risk analyst, step by step

Here's a step-by-step market risk analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a market risk analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new market risk analyst
• Step 8: Go through the hiring process checklist

What does a market risk analyst do?

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1. Identify your hiring needs

   The market risk analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A market risk analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, market risk analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list shows salaries for various types of market risk analysts.

   Type of Market Risk Analyst	Description	Hourly rate
   Market Risk Analyst	Market research analysts study market conditions to examine potential sales of a product or service. They help companies understand what products people want, who will buy them, and at what price.	$30-62
   Marketing Internship	Marketing interns are usually marketing students or fresh graduates who are interested in getting actual work experiences before taking on a full-time job. They usually have an interest or academic background related to marketing... Show more	$11-18
   Analyst Sales	Analyst sales, or a sales analyst, is a professional who is responsible for increasing sales and revenue of a company by running competitive analysis and making recommendations on how the marketing and sales team should move forward. Sales analysts must assist in the review of monthly financial statements and prepare complex financial statements for retail and service businesses... Show more	$22-47

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • Derivative
   • VAR
   • Credit Risk
   • VBA
   • Portfolio
   • QRM
   • Regression
   • SQL
   • Data Analysis
   • Risk Analysis
   • Fixed Income
   • P/L
   • Risk Metrics

   Check all skills

   Responsibilities:

   • Used VBA to automate manual procedures to eliminate inefficient processes and save several man-hours per week.
   • Provide market recommendations & manage dealer inventories base on industry data, dealer sales history, & ROI.
   • Build SQL server as market risk data warehouse.
   • Report liquidity profile to management, treasury and trading desks.
   • Write SQL queries to review breakdown of CDS margin components at an account level.
   • Code executable applications to upload reference information from third party providers such as Bloomberg and Markit.

   More market risk analyst duties

3. Make a budget

   Including a salary range in your market risk analyst job description helps attract top candidates to the position. A market risk analyst salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.

   For example, the average salary for a market risk analyst in Indiana may be lower than in New Jersey, and an entry-level market risk analyst usually earns less than a senior-level market risk analyst. Additionally, a market risk analyst with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.

   Average market risk analyst salary

   $90,794yearly

   $43.65 hourly rate

   ---

   Entry-level market risk analyst salary

   $63,000 yearly salary

   Updated December 15, 2025

   Average market risk analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$118,220	$57
   2	California	$115,590	$56
   3	Delaware	$114,222	$55
   4	New York	$105,149	$51
   5	District of Columbia	$104,720	$50
   6	Connecticut	$104,240	$50
   7	Massachusetts	$100,314	$48
   8	Virginia	$95,193	$46
   9	Texas	$93,570	$45
   10	North Carolina	$88,147	$42
   11	Pennsylvania	$86,842	$42
   12	Colorado	$82,159	$40
   13	Georgia	$79,304	$38
   14	Ohio	$78,389	$38
   15	Illinois	$75,457	$36
   16	Oklahoma	$74,238	$36
   17	Iowa	$69,257	$33
   18	Florida	$66,397	$32
   19	Indiana	$66,026	$32
   20	Kansas	$62,728	$30

   Average market risk analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Calpine	$117,637	$56.56	1
   2	Koch Industries	$117,087	$56.29	1
   3	AIG	$114,499	$55.05	14
   4	Charles Schwab	$113,201	$54.42	8
   5	MUFG EMEA	$112,720	$54.19
   6	BP America Inc	$112,430	$54.05
   7	BNY Mellon	$111,018	$53.37	14
   8	Morgan Stanley	$110,790	$53.26	55
   9	HSBC Bank	$109,924	$52.85	2
   10	Citi	$108,863	$52.34	27
   11	Royal Bank of Canada	$107,944	$51.90	29
   12	Nomura Securities	$107,565	$51.71	36
   13	Barclays	$107,461	$51.66	6
   14	BNP Paribas	$106,483	$51.19	2
   15	JPMorgan Chase & Co.	$106,206	$51.06	193
   16	Cargill	$106,070	$51.00	2
   17	Deutsche Bank	$105,510	$50.73	25
   18	NRG Energy	$105,363	$50.66	6
   19	Santander Bank	$105,298	$50.62
   20	UBS	$104,839	$50.40	1

4. Writing a market risk analyst job description

   A market risk analyst job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. Below, you can find an example of a market risk analyst job description:

   Market risk analyst job description example

   The Risk System Analyst role supports development of Mortgage Risk Modeling & Valuation capabilities for Citizen’s Home Mortgage Capital Markets group. The analyst will collaborate with hedging, pricing and pooling teams to provide analytics to improve transparency and accuracy of pipeline management reporting and work with business team to continually optimize model performance and functionality.
   
   In addition, the role will partner with key enterprise stakeholders (Market Risk, Model Validation, Treasury) to enhance measurement and reporting of risk exposures and model performance monitoring metrics.
   Qualifications Qualifications -
   
   
   Mortgage Capital Markets experience and/or relevant fixed income background in quantitative finance, risk management, or financial analysis.
   Undergraduate degree in Finance, Economics, Statistics, or similar field of study.
   Strong technology skill set including proficiency with data analytics & automation tools such as Excel VBA and SQL.
   Strong analytical and communication skills.
   
   
   Preferred additional skills
   
   
   Exposure to valuation and market trading in a Mortgage Banking environment
   Knowledge of behavioral and option pricing models used to manage fixed income interest rate risk exposures
   Modeling experience using a mortgage risk management framework such as QRM or Compass Analytics
   
   
   
   
   Hours and Work Schedule
   
   Hours per Week: 40
   
   Work Schedule: 8am-5pm
   
   Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance. Why Work for Us At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth. Equal Employment Opportunity Citizens, its parent, subsidiaries, and related companies provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.Equal Employment and Opportunity Employer/Disabled/Veteran Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right market risk analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your market risk analyst job on Zippia to find and attract quality market risk analyst candidates.
   • Use niche websites such as swipe files, exit five, marketinghire, american marketing association.
   • Post a job on free websites.

6. Interview candidates

   Your first interview with market risk analyst candidates should focus on their interest in the role and background experience. As the hiring process goes on, you can learn more about how they'd fit into the company culture in later rounds of interviews.

   It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new market risk analyst

   Once you have selected a candidate for the market risk analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   After that, you can create an onboarding schedule for a new market risk analyst. Human Resources and the hiring manager should complete Employee Action Forms. Human Resources should also ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc., and that new employee files are created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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