Senior Quantitative Analyst, FX recruitment
Overview
The Clearing House needs to provide robust and prudent risk management in order to meet its overriding objective: to provide Clearing Members with a central counterparty of the highest quality and to safeguard the interests of the company's shareholders and contributors to its Clearing Funds. The goal of the Risk Management department is to manage the risk appetite of the Company in a manner which:
- Is prudent in risk management terms;
- Is robust operationally;
- Is consistent with its regulatory status and responsibilities;
- Is in line with market best practice;
- Supports the company's development initiatives in clearing new products and markets; and,
- Is aligned with Board expectations and Member demand.
Responsibilities
As a member of the Quantitative Risk team within the LCH Clearnet Risk Management Dept, the role encompasses the development and maintenance of internal risk management models and tactical applications, quantitative analysis and financial modelling, new product research and development, and other quantitative tasks as required on an ad-hoc or project basis. The role will involve close liaison with the wider Risk Management Dept, and other internal/external groups, on a regular basis.
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Design, development and maintenance of risk management models and applications.
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Development and testing of pricing models and curves.
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Development and maintenance of in-house risk analytics library.
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Timely and accurate analysis of quantitative risk issues.
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Contribute to improvements in existing risk management techniques and processes through the application of advanced quantitative methods.
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Research and development in relation to proposed new products.
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Review and assessment of existing and proposed margining methodologies.
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Provision of quantitative expertise in relation to internal/external projects or on an ad-hoc basis.
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Ensure that quantitative risk management techniques are kept in line with best practise.
Required skills and experience
Must have:
- In-depth financial markets and products experience, either within risk management, product control or middle office environment within an investment bank or similar.
- Hands-on experience in developing quantitative models, building pricing models, and/or quantitative analytics.
- Highly numerate with a degree in quantitative finance, mathematics, economics or science-related disciplines, preferably at least Masters level.
- Strong knowledge of interest rate and/or credit products (ideally both), including experience in pricing, risk management and analysis.
- Strong conceptual / technical knowledge of financial risk management techniques, in particular relating to interest rate and credit products.
- Advanced Excel and programming competency, in particular VBA, SQL, C++.
- Strong numerical competency.
- Effective critical analysis and reasoning skills.
- Effective and confident communicator (written and oral).
- Ability to work autonomously on individual projects.
Would like:
- Knowledge of other asset classes (eg. equities, commodities, energy) would be favourable.
- Experience of product development lifecycle.
Additional Job Board Text
LCH.Clearnet is the leading independent clearing house group, serving major international exchanges and platforms, as well as a range of OTC markets. It clears a broad range of asset classes including: securities, exchange traded derivatives, energy, freight, interbank interest rate swaps credit derivative swaps, and euro and sterling denominated bonds and repos; and works closely with market participants and exchanges to identify and develop clearing services for new asset classes. LCH.Clearnet Group Ltd is owned 83% by users and 17% by exchanges.