How to hire a market risk specialist

How to hire a market risk specialist, step by step

Here's a step-by-step market risk specialist 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 specialist job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new market risk specialist
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   The market risk specialist 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

   You should also consider the ideal background you'd like them a market risk specialist to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire a market risk specialist that fits the bill.

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

   Type of Market Risk Specialist	Description	Hourly rate
   Market Risk Specialist		$26-64
   Risk Management Director	A risk management director is responsible for ensuring the safety and security of all the people, assets, and processes across the organization. Risk management directors facilitate risk management programs to mitigate company risks that may affect the organization's reputation and stability... Show more	$45-88
   Global Risk Management Director	A global risk management director is responsible for the development and administration of risk management programs. They organize and develop programs that cut across their whole organization for risk-free services... Show more	$50-96

2. Create an ideal candidate profile

   Common skills:

   • Risk Management
   • Derivative
   • VAR
   • Credit Risk
   • Liability Management
   • Foreign Exchange
   • Enterprise Risk Management
   • Business Lines

   Responsibilities:

   • Used VBA to automate manual procedures to eliminate inefficient processes and save several man-hours per week.
   • Communicate with third party administrators and insurance carriers to include claims investigation, litigation management and settlement negotiations reducing claim exposure.
   • Monitor and assess the level and direction of price risk from derivatives trading at large banks.
   • Monitor wire and ACH activity to ensure validity of customer request to prevent fraudulent activity

3. Make a budget

   Including a salary range in your market risk specialist job description is a great way to entice the best and brightest candidates. A market risk specialist salary can vary based on several factors:

   • Location. For example, market risk specialists' average salary in mississippi is 38% less than in rhode island.
   • Seniority. Entry-level market risk specialists earn 59% less than senior-level market risk specialists.
   • Certifications. A market risk specialist with a few certifications under their belt will likely demand a higher salary.
   • Company. Working for a prestigious company or an exciting start-up can make a huge difference in a market risk specialist's salary.

   Average market risk specialist salary

   $87,735yearly

   $42.18 hourly rate

   ---

   Entry-level market risk specialist salary

   $56,000 yearly salary

   Updated December 17, 2025

   Average market risk specialist salary by state

   Rank	State	Avg. salary	Hourly rate
   1	New Jersey	$102,596	$49
   2	Connecticut	$98,051	$47
   3	Texas	$97,820	$47
   4	New York	$96,624	$46
   5	Pennsylvania	$86,002	$41
   6	North Carolina	$83,593	$40
   7	Illinois	$82,372	$40
   8	Missouri	$78,425	$38
   9	Colorado	$78,350	$38
   10	Oklahoma	$77,402	$37
   11	Nebraska	$74,057	$36

   Average market risk specialist salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Federal Reserve	$129,556	$62.29
   2	Federal Reserve Bank of Richmond	$119,489	$57.45
   3	Federal Reserve Bank	$113,463	$54.55	2
   4	BNY Mellon	$110,596	$53.17	12
   5	Citi	$108,771	$52.29	9
   6	JPMorgan Chase & Co.	$103,145	$49.59	102
   7	MUFG EMEA	$102,024	$49.05
   8	Nomura Securities	$94,898	$45.62	27
   9	RBS Securities	$91,576	$44.03
   10	SG Americas Securities Holdings, LLC	$91,200	$43.85
   11	Broken Hill Proprietary	$91,131	$43.81
   12	Allianz of America, Inc.	$91,127	$43.81
   13	Hartree Partners	$91,041	$43.77
   14	Wells Fargo	$88,913	$42.75	14
   15	S&G	$87,686	$42.16
   16	Northern Trust	$85,780	$41.24	5
   17	Ashton Construction	$85,277	$41.00	1
   18	Fifth Third Bank	$83,402	$40.10	13
   19	The PNC Financial Services Group	$83,272	$40.03	15
   20	JetBlue Airways	$71,914	$34.57

4. Writing a market risk specialist job description

   A good market risk specialist job description should include a few things:

   • Summary of the role
   • List of responsibilities
   • Required skills and experience

   Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a market risk specialist job description:

   Market risk specialist job description example

   The Market Risk Basel Group is seeking an Associate-level professional in the MRBG Line-of-Business (LOB) team on Market Risk Regulatory Capital across asset classes including Equities, Credit, Securitized Products and Macro (Rates, FX, EM and Commodities). The individual will lead Strategic infrastructure and Data Science initiatives to modernize VaR and Capital production and oversight. The Associate will ensure that Basel 2.5 and the future regulatory framework, i.e. Fundamental Review of the Trading Book (FRTB), are properly implemented and maintained at the Firm and Legal Entity levels. The successful candidate will need to effectively partner across Market Risk Management, Market Risk Technology, Quantitative Research, Data Science partner groups and other functional teams to manage and implement strategic and tactical initiatives - leveraging the firm's robotics, machine learning and AI programs.
   Job Responsibilities
   Oversight of Risk Management VaR and regulatory Market Risk Capital measures including VaR, Stressed VaR, Stress based capital and other modeled and standardized capital measures, including FRTB; Provide expertise and governance on the regulatory capital rules to Risk, Finance and Front Office business-aligned teams; Drive and support market risk capital data and infrastructure initiatives across partner teams in Market Risk, QR, Product Control, Technology, the Business and Data Science partner groups ; Implement and oversee end-to-end controls of the capital measures by partnering with key stakeholders; Support the implementation of FRTB.
   
   Skillset/Experience Required
   Strong quantitative and analytical skills; Excellent written and verbal communication skills; Ability to multi-task, work well under pressure with commitment to deliver under tight deadlines; Good project management skills; ability to gain consensus among staff and drive initiatives to completion effectively; Experience in one or more asset classes in a Market Risk or similar capacity a plus; Strong data science background a plus; Strong process and control mindset a plus; Bachelor's degree, Masters/MBA a plus.
   
   JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
   
   We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
   
   The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
   
   As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
   
   Equal Opportunity Employer/Disability/Veterans

   Copy this example

   

5. Post your job

   There are a few common ways to find market risk specialists for your business:

   • Promoting internally or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to meet candidates with the right educational background.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to recruit passive job-seekers.

   To find market risk specialist candidates, you can consider the following options:

   • Post your job opening on Zippia or other job search websites.
   • Use niche websites that focus on engineering and technology jobs, such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post your job on free job posting websites.

6. Interview candidates

   During your first interview to recruit market risk specialists, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   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 specialist

   Once you've selected the best market risk specialist candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing 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.

   Once that's done, you can draft an onboarding schedule for the new market risk specialist. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

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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