Market Risk Engineering Analyst, Rates (Contract) recruitment
Main Function
• To develop and implement new and existing business initiatives and investigate potential issues surrounding the daily time series, VaR and positions within the Rates asset class. New and existing business initiatives are fundamentally project based, therefore on occasions the need to have skills to actively participate in projects sequentially or in parallel with others is of the utmost importance.
• To take responsibility for the daily time series, VaR and Positions movement issues, ensuring that concerns raised are efficiently communicated and resolutions are planned and effectively coordinated and actioned.
• To have sufficient competence within the various product ranges and to add value to discussions with the line manager, Risk Manager, Front Office and other external groups within Product Control or the wider banking environment.
• To deliver cost efficient research and development when priorities are changed and limited information is available.
• To complement and enhance the working patterns of the market risk engineering team with focus on the development and consolidation of current methodologies developed within market risk.
Main Duties
• To undertake daily Time Series BAU and Project work and to assist in the development of new and existing methodologies in the creation of historical time series. For example constructing or using existing statistical and/or time series models for synthetically creating data.
• Production of daily VaR and position reporting for the Rates and FX businesses.
• Responsibility for daily time series, VaR and Position Reporting issues, conduct investigation and ensure that problems are overcome by means of effective dialogue with internal and external team members.
• To work as an effective member of the team, contributing to the needs that may arise on an adhoc basis without loss of generality to current projects or work processes.
Main Criteria:-
- High quality degree in a quantitative discipline
- Numerate post graduate or professional qualification preferred
Experience Required:
- 1+ years in a top tier institution exposed to Market Risk, delivery of projects, and/or Product Analysis
- Knowledge of the Rates markets
- Exposure to Rates production environment and positional reporting
Preferred:
- Value at Risk Time series experience
- Financial Markets experience, Systems Exposure particularly on Market Data systems (Bloomberg, Reuters etc)
Skills Knowledge:
- Excel VBA skills
- Competence with Word/Excel/Access/Project,
- Talent for assimiliating large quantities of data and presenting in a logical format
- Excellent problem solving ability
- Attention to detail
- Working knowledge of systems and IT related environment
- Financial products knowledge, prior risk exposure
If you meet the above requirements and is open to do a 6 months contract role with a dynamic international bank, do send in your details soonest. Please note only short-listed candidates will be notified.