Senior Quant Research- Petrochemicals
The Senior Manager Quantitative Analysis will have extensive experience working in global commodity markets, including in depth knowledge of trading activities and price formation in the global oil markets (additional experience in petchems and other commodity markets will be an advantage). The Senior Manager Quantitative Analysis will have advanced qualifications in a quantitative discipline and have experience of developing quantitative methodologies in commodity markets.
Accountability:
*Research market price formation in commodity markets. Leverage editorial market knowledge and experience and our extensive database and history of commodity market prices. Develop new quantitative methodologies to facilitate the production of new forward curves (and volatilities and correlations) to be used as risk measurement and valuation inputs by customers.
*Implement approved quantitative methodology for Petrochemicals - M2M Benzene forward curves and produce M2M Benzene forward curves.
*Perform research and development for additional Petrochemicals forward curves, as agreed with Petchems General Manager and implement these curves, according to agreed timeframe.
*Perform research and development for M2M Oil forward curves - for locations and tenors outside the scope of PFC-Oil forward curves. Implement agreed quantitative methodologies to produce M2M Oil forward curves.
*Perform research, back-testing and other appropriate analysis to monitor the assumptions underlying the quantitative methodology used to produce the Follow-the-Sun oil forward curves (FtS).
*Work with Oil Editorial, Editorial Operations and other colleagues to ensure the quality of PFC-Oil and FtS produced. Take the lead for CRS activities in maintenance of PFC-Oil and FtS.
*Perform research and development for additional M2M commodity forward curves as required. Implement these additional M2M curves, according to approved quantitative methodologies.
*Apply quantitative analytical skills in the delivery of comprehensive studies, required to develop, test and enhance forward curve methodologies. Prepare comprehensive methodology documentation in accordance with documentation standards. Documentation should record the market structure and editorial market inputs, the assumptions underlying the model's methodology and the technical foundations of the model. Documentation should facilitate operation of the model by RD and Operations colleagues. Documentation should identify the critical areas to test to maintain the validity of the model's results.
*Remain current on latest research in Statistics, Time Series, Applied Mathematics and Financial Engineering as it pertains to forward price and volatility modeling in energy and other commodity markets.
*Perform all quantitative modeling activities in accordance with MHFI model governance guidelines.
*Maintain records of back-testing and other model testing and reviews. Record results and conclusions of the reviews. Report results to RDS/CRS leadership and perform follow-up activities as agreed.
*Undertake additional projects when required
*Work proactively and with a "can do" spirit with all colleagues.
*Periodic European and inter-continental travel, including North America and S.East Asia
Required:
*Advanced degree in a quantitative discipline. Strong analytical skills-both quantitative and qualitative. Knowledge of Statistics (including Time Series), Applied Math and Financial Engineering as it pertains to forward price and volatility/correlation modeling in commodity markets. Understanding data interaction and relationships as well as perform complex calculations on data for quality control and value-adding analysis. Previous experience in a quantitative role in either financial products or commodity derivatives markets.
*Significant experience in global oil markets, spanning both crude oils and refined products. Knowledge of price formation and trading and risk management activities in global oil markets. An advantage if this experience also extends to Petchems and other commodity markets.
*Have experience using modeling tools such as R and Matlab to define, test and evaluate quantitative models.
*Experienced working in a complex information technology environment and able to communicate with development teams working with XML, SQL and C++.
*Team player with the ability to work in and flourish in a merit-based, entrepreneurial, professional culture.
*Excellent communication and presentation skills. Able to present research results and methodologies to customers and other third parties. Recognised as "subject matter expert" and dynamic contributor in the development of quantitative methodologies for commodity forward curves.
*Able to work independently and proactively to take initiative to solve problems quickly.
*Time-management skills - capable of managing multiple tasks and meeting required deadlines.
*Fluent English speaker/writer to business standard.
www.badenochandclark.com - Let's find the career that connects with your life.Badenoch Clark is acting as an Employment Business in relation to this vacancy. Badenoch Clark is an Equal Opportunity Employer and a registered Disability Symbol User.
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