Market Risk Associate

The Firm

Capula Investment Management is a leading global quantitative hedge fund managing over $30 billion in assets, specializing in fixed income, macro, and multi-asset strategies. We operate across multiple geographies with a strong commitment to risk management and quantitative excellence.

The Role

We are seeking a Market Risk professional to join our dynamic risk team. In this role, you will be responsible for monitoring and analyzing market risks across the firm’s portfolios, ensuring robust measurement and management of risk exposures. You will work closely with traders, portfolio managers, and quantitative researchers to support risk reporting, stress testing, and risk mitigation initiatives.

Key Responsibilities

• Perform daily market risk analysis and P&L attribution across multiple asset classes including fixed income, equities, and derivatives.
• Develop and maintain risk models, tools, and dashboards to enhance risk visibility and decision-making.
• Conduct stress testing, scenario analysis, and back-testing to assess portfolio risk under various market conditions.
• Collaborate with trading, quant, and IT teams to improve risk systems and data quality.
• Support regulatory and internal risk reporting requirements.

What We Offer

An opportunity to work in a fast-paced, intellectually stimulating environment with exposure to global financial markets and cutting-edge risk management practices. You will be part of a collaborative and highly skilled team committed to excellence and innovation.

Requirements

• Bachelor’s or Master’s degree in a quantitative discipline such as Mathematics, Finance, Economics, Statistics, or Engineering.
• 3+ years experience in market risk management, preferably in a hedge fund or investment management environment.
• Strong analytical and quantitative skills with experience in risk modeling and statistical analysis.
• Proficiency in programming languages such as Python, SQL, or R for data analysis and risk system development.
• Knowledge of financial markets, instruments, and risk metrics including VaR, stress testing, and scenario analysis.
• Excellent communication and teamwork skills.
• Experience with risk management systems and cloud platforms (AWS, Linux) is a plus.

Benefits

Capula is committed to supporting all employees in developing their careers and delivering their best work. We offer a collaborative and high-performance environment where portfolio managers are empowered with resources, autonomy, and the opportunity to make a significant impact. Benefits include:

• A highly competitive base salary and discretionary bonus structure, reviewed annually (USD 180,000-260,000 TC)
• 20 days of paid annual leave, plus public holidays
• Comprehensive medical and dental insurance, along with other core employee benefits
• Exceptional training, mentoring, and staff development opportunities to support continuous professional growth
• Exposure to a flat and agile organisational structure, enabling greater ownership and decision-making responsibility
• Onsite breakfast, lunch, and dinner provided daily in our employee restaurant
• Access to a dynamic, intellectually engaging team with cross-asset collaboration and open communication