Fixed Income Risk and Attribution Analyst
Company Overview
Schroders is a FTSE 100, global asset management company with over £100 billion under management on behalf of institutional and retail investors, financial institutions and high net worth clients from around the world, invested in a broad range of asset classes across equities, fixed income and alternatives. Asset management is our only business and our goals are completely aligned with our clients’ – the creation of long-term value. We employ more than 2,600 talented people worldwide, operating from 35 offices in 26 different countries across Europe, the Americas and Asia Pacific close to the markets in which we invest and close to our clients. Schroders has developed under stable ownership for over 200 years and long-term thinking governs our approach to investing, building client relationship and growing our business.
Throughout our 203 year history, our people have always been our most important asset, at the heart of everything we do. At Schroders, we are committed to recruiting, retaining and developing talented individuals in order to deliver our potential as an organisation. Our values start with a commitment to Excellence in everything that we do. Excellence is achieved through Innovation and Teamwork - the constant search for new solutions and the understanding that we will only achieve real excellence through working together. Our two key drivers are Passion - an unswerving commitment to our clients and Integrity - honesty and straightforwardness which must underpin all of our relationships
Team Overview
There are 5 people in London within the Fixed Income Analytics Team that provide a number of services and lines of support to the fund managers, credit analysts and product management within Fixed Income including but not limited to; Stress Testing and Scenario Analysis, ex ante Risk, VaR reporting, portfolio optimisation and customised Attribution production. The London team also supports investors in the Americas, Asia and Australia.
Overview of role
The role holder will assist and provide innovation in the delivery of the ex post Attribution and ex ante Investment Risk Reporting. The role will also include operational risk responsibilities. Also, the role holder will be expected to assist in any ad-hoc fixed income requests coming into the team.
Key Responsibilities:
• Building custom applications supporting initiatives from CIO and COO of Fixed Income.
• Creating custom reports to assist all Distribution functions in winning new business
• Generate output used as discussion material in the Investment Risk Committee
• Generation of the attribution and risk reports for a pre-defined set of portfolios
• Running Daily FI attribution source data applications / macros. Developing macros in order to enhance data analysis.
• Running daily data integrity / tolerance checks on the source data and reconciliation of analytics / data / classifications / ratings
• Liaising with the FI IT Team, Investors and Third Party vendors on identified issues and implement resolutions.
• Stress testing and user acceptance testing on the Risk and Attribution models or enhancements, as required.
• Delivery of Credit Analyst attribution
• Maintain oversight of delivery of stress test data
• Carry out ad-hoc analysis such as simulations, curve shock analysis,
• Monitoring of Fixed Income Investment Risk and production of papers for Fixed Income Risk Committee.
• Coding and monitoring of segregated client restrictions in FIA report function.
• Provide cover/back up for Fixed Income operational risk work and compliance related questions
• Write technical papers covering innovation and gaps in support of monitoring the alpha generating process.
Essential Skills
• An understanding of Fixed Income Risk modelling/analytics, benchmarks and Attribution models
• A desire to develop fixed income knowledge in conjunction with building models and commercial applications.
• Strong analysis skills – Mathematics, Econometrics, Quantitative Finance
• Attention to detail - Very important
• Diligent - Very important
• Ability to add value to business process
• Ability to pick up new concepts quickly
• Strong communication skills and a consultative approach coupled with a “can-do” attitude
• Strong self-organisation, time management and prioritisation skills
Desirable Skills
• MS office Suite (Excel - macros essential / VBA - desirable), Word, Access/SQL (desirable)
• Risk management system skills (advantageous)
• Index Data vendors (Thompson Datastream), Citigroup Yield Book (advantageous)
• Excellent verbal and written communication skills
• Good problem solving skills
• Ability to operate under pressure and deliver to demanding deadlines
• Ability to deal credibly with business and technical users at all levels of the organisation
Schroders is an equal opportunities employer and welcomes applications regardless of sex, marital status, ethnic origin, sexual orientation, religious belief or age.
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