Risk Analyst

BHFT

57d•Remote

About The Position

BHFT is a proprietary algorithmic trading firm that manages the full trading cycle, from software development to creating and coding strategies and algorithms. Our trading operations cover key exchanges and we trade across a broad range of asset classes, including equities, equity derivatives, options, commodity futures, rates futures, etc. We employ a diverse and growing array of algorithmic trading strategies, utilizing both High-Frequency Trading (HFT) and Medium-Frequency Trading (MFT) approaches. Looking ahead, we are expanding into new markets and products. As a dynamic company, we continuously experiment with new markets, tools, and technologies. We’ve got a team of 200+ professionals, with a strong emphasis on technology—70% are technical specialists in development, infrastructure, testing, and analytics spheres. The remaining part of the team supports our business operations, such as Risks, Compliance, Legal, Operations and more. Our employees are located all around the world, from the United States to Hong Kong. Although we maintain office spaces, we currently operate as a 100% remote organization. At BHFT, clarity and transparency are at the core of our culture: we value open communication, ensuring that our processes are straightforward.

Requirements

Strong proficiency in Value at Risk (VaR) methodologies and risk system management.
Hands-on experience with futures margining (especially SPAN), FCM reconciliation, and margin optimization tools.
Practical understanding of futures markets, including spreads and basis trading.
Solid knowledge of listed options Greeks and equity portfolio risk.
Familiarity with P&L attribution concepts and how they relate to risk monitoring.
2–5 years of relevant experience in risk at a prop trading firm, hedge fund, or futures clearing organization.
Advanced Excel skills
Bachelor's degree or higher in Finance, Mathematics, Statistics, Engineering, or a related quantitative field.

Nice To Haves

Python or SQL experience is a plus.
CFA or FRM is preferred but not required.

Responsibilities

Run and maintain the firm’s VaR and risk systems daily. Ensure all positions and strategies are accurately captured, priced, and reflected in the risk engine.
Monitor trading exposures in real time against the firm’s risk limits (position size, margin, and concentration). Identify and escalate potential breaches promptly.
Reconcile daily margin requirements against FCM statements and calls. Run what-if scenarios across exchanges and FCMs to optimize margin usage, reduce capital requirements, and identify efficiencies.
Execute daily stress tests and scenario analyses.
Identify and investigate outliers, data issues, or unexpected spikes in VaR or risk metrics. Own the resolution of technical or pricing problems within the risk and margin systems and escalate persistent issues.
Maintain a working understanding of daily P&L by strategy to contextualize risk exposures and identify unusual risk/return relationships.
Review P&L attribution outputs produced by the P&L Analyst to validate consistency with observed position changes and market moves. Flag P&L anomalies or discrepancies that may indicate data, pricing, or position capture issues in the risk system.
Run the daily liquidity reserve model to assess bid/ask costs for exiting positions. Apply liquidity reserves to valuations to produce realistic P&L figures.
Prepare and distribute clear daily risk reports to the senior management, covering VaR, key exposures, margin utilization, and limit status.
Conduct regular reviews with traders on risk positioning, proactively flag elevated risks or limit concerns, and discuss stress test results and margin optimization opportunities.