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Market Risk Jobs in North Carolina (NOW HIRING)

Bank of America

EFR Capital Risk Manager

Charlotte, NC · On-site

Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories * Ensures adherence to the policies and ...

Bank of America

EFR Capital Risk Manager

Charlotte, NC · On-site

Liaisons with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories * Ensures adherence to the policies and ...

MM International

Full Stack Core .NET

Charlotte, NC · On-site

Work on Risk Insight , a data warehouse aggregating market risk data. * Heavy reliance on SSIS for data integration and SQL for transformation. * Front-end components in Angular , with new features ...

Bank of America

EFR Capital Risk Manager

Charlotte, NC · On-site

$125 - $150/hr

Liaises with businesses to understand market trends and impacts on portfolio, using knowledge of stress testing and its applicability to risk categories * Ensures adherence to the policies and ...

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All JobsMarket Risk JobsMarket Risk Jobs in North Carolina

Market Risk information

See North Carolina salary details

$59.1K

$98.5K

$132.2K

How much do market risk jobs pay per year?

As of Sep 8, 2026, the average yearly pay for market risk in North Carolina is $98,453.00, according to ZipRecruiter salary data. Most workers in this role earn between $72,700.00 and $119,100.00 per year, depending on experience, location, and employer.

What is market risk?

Market risk refers to the possibility of an investor experiencing losses due to factors that affect the overall performance of the financial markets. This can include changes in interest rates, currency exchange rates, equity prices, or commodity prices. Market risk is inherent in any investment and is typically measured by volatility or the likelihood of market prices moving unfavorably. Managing market risk involves identifying, analyzing, and taking steps to mitigate potential losses. Professionals in market risk roles often use quantitative methods and models to assess and manage this risk for financial institutions.

What are common challenges faced by market risk professionals, and how can they be effectively managed?

Market Risk professionals often face the challenge of rapidly changing market conditions and the need to respond to unexpected volatility. Keeping up with regulatory requirements and ensuring data accuracy for risk models can also be demanding. Effective management of these challenges involves staying updated with market trends, regularly back-testing models, and collaborating closely with trading desks and compliance teams. Building strong analytical skills and maintaining open communication across departments are key to navigating the complexities of the role.

What are the key skills and qualifications needed to thrive as a market risk analyst, and why are they important?

To thrive as a Market Risk Analyst, you need a strong foundation in quantitative analysis, financial modeling, and a relevant degree in finance, mathematics, or economics. Familiarity with risk management systems, financial databases (such as Bloomberg), and certifications like FRM or CFA are highly valued. Strong analytical thinking, attention to detail, and effective communication skills help you interpret data and convey risks clearly to stakeholders. These abilities are crucial for accurately assessing market exposures and supporting informed decision-making in volatile financial environments.

What is the difference between Market Risk vs Credit Analyst?

AspectMarket RiskCredit Analyst
Primary FocusAssessing risks from market movements, such as interest rates, currency, and equity pricesEvaluating the creditworthiness of borrowers and assessing credit risk
Required CredentialsTypically a degree in finance, economics, or related fields; certifications like FRM or CFASimilar credentials, often CFA or credit-specific certifications
Work EnvironmentFinancial institutions, trading desks, risk management departmentsBanks, lending institutions, credit agencies
Industry UsageCommonly used in investment banks, asset managers, and hedge fundsUsed across banking, lending, and credit risk sectors

While both roles require strong financial knowledge and certifications like CFA, Market Risk professionals focus on analyzing risks from market fluctuations, whereas Credit Analysts evaluate the creditworthiness of borrowers. Both roles are vital in financial institutions but serve different risk management functions.

How to get into market risk?

To enter market risk, candidates typically need a bachelor's degree in finance, economics, or a related field, along with strong analytical skills and knowledge of financial markets. Relevant certifications such as the Financial Risk Manager (FRM) or Professional Risk Manager (PRM) can enhance prospects, and experience with risk management tools and quantitative analysis is valuable.

What are the most commonly searched types of Market Risk jobs in North Carolina?

The most popular types of Market Risk jobs in North Carolina are:

What are popular job titles related to Market Risk jobs in North Carolina?

For Market Risk jobs in North Carolina, the most frequently searched job titles are:

What job categories do people searching Market Risk jobs in North Carolina look for?

The top searched job categories for Market Risk jobs in North Carolina are:

What cities in North Carolina are hiring for Market Risk jobs?

Cities in North Carolina with the most Market Risk job openings:

Market Risk jobs near you
Infographic showing various Market Risk job openings in North Carolina as of August 2026, with employment types broken down into 81% Full Time, 10% Part Time, 7% Temporary, and 2% Contract. Highlights an 86% Physical, 4% Hybrid, and 10% Remote job distribution, with an average salary of $98,453 per year, or $47.3 per hour.

Quantitative Finance Analyst

Bank of America

Charlotte, NC • On-site

Full-time

PTO

Re-posted 15 days ago

Bank Of America rating

8.3

Company rating: 8.3 out of 10

Based on 537 frontline employees who took The Breakroom Quiz

48th of 175 rated banks

Job description

Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.
We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.
Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for conducting quantitative analytics and modeling projects for specific business units or risk types. Key responsibilities include developing new models, analytic processes, or systems approaches, creating technical documentation for related activities, and working with Technology staff in the design of systems to run models developed. Job expectations include having a broad knowledge of financial markets and products.
Responsibilities:
  • Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers
  • Supports the planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization
  • Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation
  • Supports model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite
  • Supports the methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk
  • Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes
  • Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches

As a Quantitative Finance Analyst on the team, your main responsibilities will involve:
  • Development of wholesale credit risk models including loss forecasting, commercial scorecards, behavioral score, regulatory capital models.
  • Executing in-depth analysis of wholesale credit performance and financial data.
  • Preparing white papers for developed models.
  • Interacting with internal model risk management, addressing potential concerns, and remediating model related findings.
  • Supporting post implementation activities including ongoing monitoring review and interaction with various stakeholders.
  • Performs end-to-end market risk stress testing including scenario design, scenario implementation, results consolidation, internal and external reporting, and analyzes stress scenario results to better understand key drivers.
  • Helps with any planning related to setting quantitative work priorities in line with the bank's overall strategy and prioritization.
  • Identifies continuous improvements through reviews of approval decisions on relevant model development or model validation tasks, critical feedback on technical documentation, and effective challenges on model development/validation.
  • Maintains and provides oversight of model development and model risk management in respective focus areas to support business requirements and the enterprise's risk appetite.
  • Provides methodological, analytical, and technical guidance to effectively challenge and influence the strategic direction and tactical approaches of development/validation projects and identify areas of potential risk.
  • Works closely with model stakeholders and senior management with regard to communication of submission and validation outcomes.
  • Performs statistical analysis on large datasets and interprets results using both qualitative and quantitative approaches.

Minimum Education Requirement: Master's degree in related field or equivalent work experience
Qualifications:
  • Advanced (i.e. Masters or PhD) degree in Math, Economics, Statistics, Engineering, Finance, Computer Science or similar discipline
  • 5+ years professional experience developing credit risk models.
  • Strong Programming skills e.g. R, Python, SAS, SQL or other language
  • Experience with LaTeX
  • Experience using and developing cross-sectional models.
  • Effectively creates a compelling story using data; Able to make recommendations and articulate conclusions supported by data.
  • Effectively presents findings, data, and conclusions to influence senior leaders.
  • Demonstrated leadership skills; Ability to exert broad influence among peers.
  • Ability to work in a large, complex organization, and influence various stakeholders and partners
  • Strong team player able to seamlessly transition between contributing individually and collaborating on team projects; Understands that individual actions may require input from manager or peers; Knows when to include others
  • Ability to work in a highly controlled and audited environment

Desired Qualifications:
  • Experience with complex data architecture, including modeling and data science tools and libraries, data warehouses, and machine learning
  • Experience implementing models into various production environments
  • Ability to extract, analyze, and merge data from disparate systems, and perform deep analysis
  • Experience developing and maintaining complex databases and data sets
  • Experience using data mining and other advanced analytical techniques to aggregate data for model development and/or to produce management reporting.
  • Experience managing large data sets utilizing tools such as Hadoop.

Skills:
  • Critical Thinking
  • Quantitative Development
  • Risk Analytics
  • Risk Modeling
  • Technical Documentation
  • Adaptability
  • Collaboration
  • Problem Solving
  • Risk Management
  • Test Engineering
  • Data Modeling
  • Data and Trend Analysis
  • Process Performance Measurement
  • Research
  • Written Communications

Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540)
Pay and benefits information
Pay range
$89,800.00 - $155,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

What Bank Of America employees say

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About Bank Of America

Sourced by ZipRecruiter

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day. One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Industry

Finance and insurance

Company size

10,000+ Employees

Headquarters location

Charlotte, NC, US

Social media

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