Quant Market Risk Associate - Financial Services - London

Job Title: Quant Market Risk Associate - Financial Services - London
Contract Type: Permanent
Location: London, England
Salary: £60000 - £70000 per annum
Reference: BBBH17331_1524661904
Contact Name: Charlotte Emms
Contact Email:
Job Published: April 25, 2018 14:11

Job Description

Twenty Financial Services are currently recruiting for a Quantitative Market Risk Associate for a leading Financial Services Company in London.

This person will be responsible for the efficient execution of functional activities across the Risk department including the independent validations of the risk framework, the approval of new products, back-testing, stress testing, and default/exposure management. This person will work together with all crucial stakeholder groups, notably CROs, Business, and Regulators.

Role Responsibilities

  • Model validation and review; pricing models and margin models
  • Perform quantitative analysis as an input to the independent model validation deliverables
  • Independent validation of pricing models, margin models, credit rating models, collateral haircuts and other risk policies
  • Ensuring effective policies and validation processes are put in place and adhere to necessary regulations
  • Back- testing and stress testing; set these policies and challenge on an ongoing basis
  • Exposure management and default management: assessing risk across different markets and ensuring that the market risk exposures are measured in line with correct standards
  • Assessment of risks outside of the margin models e.g. liquidity risk
  • Review of the business line procedures for default management
  • Drive and facilitate change from a risk and risk governance perspective
  • Carry out end user testing where necessary
  • Define areas where the IT systems and process can be improved
  • Organise and perform risk reporting and support senior stakeholders
  • Review market risk of new product requests
  • Responsibility for the approval of new products; create criteria and guidelines and ensure these are being adhered too
  • Regulations; escalate market risk issues and any danger of non-compliance in order to drive change in the regulatory environment
  • Work closely with other business areas such as Operational Risk, Compliance and Regulations in order to facilitate change around risk and regulatory policies

Required Skills

  • MSc Degree in a quantitative or economics/science - related subject
  • Excellent experience within financial markets and securities
  • Risk Management background from investment banking, clearing or broker firms
  • Advanced quantitative analysis and model development experience
  • Strong programming ability in VBA, SQL, Python, C++ or Matlab
  • Knowledge across multiple asset classes
  • Experience of regular interaction with senior stakeholders and stakeholder groups