Market Risk Analyst

About the Role

Are you passionate about financial markets and risk management

As a Market Risk Analyst youll play a key role in shaping how we manage and optimize our exposure to market risks. Based in Lysaker (Oslo) youll collaborate closely with Treasury Capital Markets Capital Management Financial Control and our headquarters in Madrid.

Youll join a dedicated team at the forefront of liquidity interest rate currency and counterparty risk management as well as the valuation of financial instruments ensuring the bank remains resilient in a constantly evolving market landscape.

Main Tasks and Responsibilities

Daily Risk Monitoring & Exposure Analysis: Conduct daily monitoring and reporting of the banks market risk exposure. Perform derivatives simulations for margin handling and counterparty credit risk management. Ensure timely and accurate escalation of relevant risk developments.

Risk Measurement & Advanced Modelling:

Identify measure and monitor risks using advanced models such as IRRBB / ALM FX VaR SIMM and XVA. Perform in-depth parameter analysis to ensure robustness and reliability of models. Deliver comprehensive risk reporting to internal stakeholders regulatory authorities and headquarters in Madrid ensuring compliance and transparency.

Automation Reporting & Analytical Tools:

Design develop and optimize automated risk reporting and reconciliation tools using Python and SQL. Enhance accuracy efficiency and traceability of reporting processes.

Implement back-testing scenario analysis and controls aligned with regulatory standards.

Contribute to the streamlining and continuous improvement of reporting frameworks.

AI automation:

Design and deploy customized GPTs coding agents and agentic workflows to drive efficiency and transform risk processes.

Market Insight & Risk Mitigation:

Monitor financial market developments and assess their impact on the banks risk exposure. Provide analytical insights to support risk mitigation strategies and informed decision-making.

Governance & Risk Framework:

Support strong governance around market risk policies and guidelines.

Contribute to setting risk appetite and developing risk frameworks supported by sound analytical foundations.

What You Will Gain

• Deep insight into how the bank is funded and financed.

• Exposure to financial instruments used to manage liquidity hedge interest rate risk and manage currency risk.

• Participation in key decisions related to capital placement hedging instruments and risk strategies.

• The opportunity to see your analysis directly influences strategic decision-making.

• Hands-on experience ensuring regulatory compliance while driving automation and efficiency improvements.

Skills and Experience

• Higher education at masters level in finance economics mathematics engineering or a related quantitative field with strong academic performance.

• Relevant professional experience of 1 to 3 years from banks financial institutions consulting firms or financial regulatory authorities is considered an advantage.

• Understanding of accounting principles and financial statements is a plus particularly in relation to balance sheet dynamics and financial risk assessment.

• Strong interest in complex financial models with a desire to understand their underlying assumptions mechanics and practical implications.

• Proficiency in both Norwegian and English written and spoken enabling clear and precise communication with internal stakeholders and headquarters.

• Interest in and practical knowledge of AI-driven workflows and automation

• Solid programming skills and experience working with large datasets preferably in Python and SQL with the ability to build efficient reliable and well-structured analytical solutions.

• Analytical with the ability to turn complex data into meaningful insights.

• Curious and eager to deepen your understanding of markets and risk.

• Structured and detail-oriented ensuring high-quality and reliable deliverables.

• Strong problem-solving skills with a logical and proactive approach.

• Team-oriented with the ability to collaborate effectively across functions.

This is a full-time position in Lysaker (Oslo). Valid work permit is requried.

Interested

Submit your application for the position as soon as possible and no later than April 19 2026.
If you have any questions or want more information about this position feel free to contact Olav Furuseth Market Risk Leader email:

We perform background checks on all relevant candidates. For positions that require authorization and/or confirmation of suitability a police certificate of good conduct and credit check must be presented. A background check is carried out with prior consent from the candidate.