Quantitative Analyst-Risk and Structuring
Role Context
Standard Life Investments (SLI) manages c. £170bn of multi-asset funds – cash, bonds, equities and property - on behalf of 2 million individual clients and several thousand institutional clients.
The Risk and Structuring team is one of three areas in addition to Portfolio Management and Strategy that make up the Multi Asset Investing Team (MAIT): one of the central units within the investment area of Standard Life Investments. The primary responsibility of the risk and structuring team is the management of risk for multi-asset portfolios, with a focus on absolute return investing, and derivative structuring across a range of portfolios including absolute return, pension schemes and insurance assets.
A key requirement of the team is to oversee our rapidly growing Global Absolute Return Strategies (GARS) business and liability driven investments (LDI); in relation to the latter, this includes annuity, with-profit and defined benefit pension liabilities. Furthermore, the team are responsible for supporting investment proposition development, introducing expertise to allow the trading of new derivative instruments, providing broader quantitative skills to SLI and conducting research into new areas of risk management.
Role Profile
Provide technical and programming expertise with problem solving ability to support the management of portfolios, enhance existing tools/technology/infrastructure and assist in new initiatives.
Responsibilities
- Support the management of multi-asset portfolios through risk analysis and trade modelling.
- Assist in the management and development of our risk and hedging platform. This will involve the maintenance of data, systems and tools critical to the team and include aspects of derivative modelling and pricing.
- Lead on the implementation of new techniques in risk management and hedging that have been researched and defined by the team. This will typically include elements of programming.
- Assist in expanding our product offering, which will include development of new funds.
- Provide general quantitative support to the risk and structuring team.
Qualifications/experience
- This position is likely to be a good fit for an individual with a postgraduate qualification, programming experience and a couple of years of industry experience. However, a broader range of applications will be considered.
- CFA Qualification
- Undergraduate degree in mathematics/computer science/science or subject with strong numeracy required. Further postgraduate or professional qualifications of a more technical nature beneficial.
- Programming experience required in at least one language such as VB, C/C++/C#, Java,.Net.
- Software development experience is beneficial
- Experience with MATLAB, Octave, R or a similar package is beneficial.
- Experience with Bloomberg is beneficial.
- Experience in the following areas is helpful but not expected:
Optimisation
Portfolio construction and risk management
Derivatives - valuations and applications
Multi-asset investing
Understanding of asset-liability modelling and structuring
Personal Competencies
- Proactive and methodical approach
- Problem solving/analytical ability
- Numeracy
- Achievement driven
- Good communication skills
- Enthusiasm and integrity
- Customer focused
- Team work and networking
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