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JOB DESCRIPTION AND RESPONSIBILITY
KEY RESULT AREA(KRA) & KEY PERFORMANCE INDICATOR(KPI)

MARKET RESEARCH

Market Risk Analyst

Introduction
Skills & Abilities
Job Description
role & Responsibilities
​Eligibility
Key Result Areas
Key Performance Indicators
Work environment
Salary package
Conclusion
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marketing risk analyst

Introduction

Any and all Businesses are full of Risks and uncertainties. There are people who like to think of every possible situation that may arise upon making each move and find ways to bypass such risks, businesses who do not want to be involved in risky situations hire such people for making sure that all possible risks are accounted for before making decisions. The Market risk analyst works to minimize losses in the business’s course of work. The Business usually takes consultation from the Market risk analyst before investing in a business opportunity.

As risks are what make a business volatile in the market, negating risks and taking the least risky paths ensures the success and longevity of a business in the long run and every business is in the market for the long run. This makes the job role of the market risk analyst strategically important. Creating a high demand for this job role in the market.

Do You Want to be a Market Risk Analyst?

To build a career as a Market Risk Analyst you need first to understand the Job profile and responsibility of the job

This blog gives you a detailed idea of what it is like to become a Market Risk Analyst in the Marketing Industry of India.

Skills and Abilities

  1. Risk Management skills:

Risk management is the method of recognizing, evaluating, and managing risks so the organisation stays healthy and profitable. It is the most important skill a Market Risk Analyst should have as it is the reason why they are hired in the first place. Financial insecurity, regulatory liability, strategic management mistakes, incidents, and natural hazards are just some of the challenges or dangers that could arise in the business and The Market Risk Analyst must inform such to the Decision makers in the first place.

       2. Data Analysis Skills:

As any Market Risk Analyst would require to evaluate the data given and create a reliable forecast, Data Analysis Skills become one of the most utilised skills of a Market Risk Analysis. They need to conduct data analysis and daily checks to ensure data quality and data integrity and provide related solutions and suggestions to the managers and executives accordingly.

        3. IT and Computer Skills:

Computer skills are very necessary for today’s day and age for any job. It is especially true for a Market Risk Analyst as most of the task in risk analysis is done digitally may that be finding out data and information, processing it, analysing it or managing the said data.

        4. Excellent communication and people skills:

They also need to have excellent communication and people skills in order to liaise with the Managers, the board of directors and other decision makers effectively about possible risks and solutions.

Job Description

A market risk analyst is a person responsible for conducting data and statistical analysis to help the business Managers, Owners and Directors in choosing the best investment and services to take from the assessment. The work of a market risk analyst is simple yet requires complex knowledge and skill. A Market Risk Analyst follows the trends and market movement in the stock market, and tracks companies that have high potential and can yield high returns, They also keep an eye out for companies that are on the verge of plummeting. 

This helps them create a forecast and predict the future in a relatively accurate manner, and recommend the next steps for their clients. The end goal of a Market risk analyst is to create a strong forecast that would yield the best results for their clients. They work as a guide to the decision makers of the business so that the business stays profitable and there are no underlying factors that can derail the business

Job Roles and Responsibilities

  • Collect data about the potential risk in the business
  • Report risk metrics to senior management
  • Support Analytics team by Market Risk Reporting & risk reporting production 
  • Conduct reviews and approve new products, business models and marketing strategies
  • Evaluate pricing and valuation models and their suitability within the business context
  • Keep an eye out for global capital markets to forecast emerging risks
  • quantitatively and qualitatively analyze financial statistical data
  • Conduct statistical analysis with data and present findings to the decision makers
  • Conduct market risk and credit risk analysis for trading portfolios
  • Work together with the risk review team
  • comply with market risk policies
  • Assess risk management systems problems

The Market Risk Analyst requires to have a Three year college degree with majoring in business, Marketing or finance preferred, such as a Bachelor of Commerce (B Com), Bachelor of Business Administration in Marketing (BBA), Bachelor of Management Studies (BMS) etc. 

If you want to have a good chance of working in a reputed organisation, A master’s degree is recommendable, such as a Master of Commerce (M. Com) or MBA in Marketing or Finance. To be a Succesful Market Risk Analyst having appropriate knowledge and Experience is also very important.

  • Collect data about Potential Risks:

The Market Risk analyst must be able to collect accurate data about all the possible risks and uncertainties in the Market

  • Create Accurate Market Forecast:

A Market is a volatile place and the future events of the market are uncertain, so the Market Risk Analyst should be able to create an accurate future prediction of the market backed by data.

  • Help the Decision Makers in the Process:

The market risk analyst must help the Decision makers of the business take the right course of action with the process with the least risk based on the forecast.

  1. Increase the number of risks detected: This KPI tracks and measures how well a risk management employee can increase the number of risks recognised over time.
  2. The number of risks: Improve (decrease) the number of risks that arose and became issues over time. This KPI measures how successfully a risk management person can reduce or eliminate the number of hazards that have occurred and turned into issues over time.
  3. Risk Management Costs: This KPI tracks and measures the risk management team’s ability to improve i.e decrease risk management costs over time.
  4. The number of risks closed: This KPI monitor and assesses the risk management team’s ability to increase the number of hazards closed over time.
  5. Improve risk based solution speed: This KPI tracks and measures the extent to which the risk manager can improve the speed and efficacy of risk-based solutions over time.

Work Environment and Schedule

It is most likely to be a desk job where you sit behind a computer screen trying to make sense of the data to forecast risks and brainstorm ideas to manage such uncertain risks with the Marketing Managers, managers and directors.

However, it is not unheard of that the Market Risk Analyst has to travel and spend time on the road collecting data and doing analysis.

The Work schedule is mostly 9 to 5 but the timings can vary due to various reasons.

How much is the scope for Earnings?

The Average Salary for a Market Risk Analyst in India can range somewhere between 4 Lakh to 20 lakh INR per annum. But 12 Lakhs INR per annum is seen as the most common Pay for Market Risk Analysts

The Amount may vary through different Organisations, and cities depending on workflow and workload.

The Market Risk Analyst plays an important part in the success of a business, needless to say, the career scope of this job role is immense and the pay is on the upper side which keeps increasing as you start to gain expensive. One could even move on to the upper level of management from this role such as a Director or a Manager. If you feel like you have all the necessary skills required for this job and are interested in Data Analysis, Forecasting and Business Administration, a career as a Market Risk Analyst could be promising for you.

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