Quantitative Analyst
Quantitative Analyst
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Shift Pattern:
Standard 40 Hour Week (United Kingdom)Scheduled Weekly Hours:
40Corporate Grade:
D Assistant Vice PresidentReporting Line:
(UK Division) Risk 2nd LineLocation:
UKLondonWorker Type:
PermanentAbout the London Metal Exchange
The London Metal Exchange is the world centre for industrial metals trading. Most of the worlds nonferrous metals business is conducted on our three trading platforms: LMEselect (electronic) the Ring (open outcry) and the 24hour telephone market.
The global metals community uses the LME to trade futures and options to hedge against adverse price movements prices which are discovered on our markets and used as global references.
Inmillion lots were traded equating to $15 trillion notional and 3.5 billion tonnes with a market open interest high of 1.8 million lots.
In Decembertonnes of material were held on LME warrant in more than 450 storage facilities in 14 countries across 32 global locations.
Participants can transfer or take on price risk against aluminium copper nickel tin zinc lead molybdenum cobalt lithium steel s rebar and hotrolled coil as well as aluminium premiums and alloys.
All LME trades are cleared by LME Clear which provides clearing and settlement services for users of the LME on all Ring electronic and telephone trades.
An HKEX Group Company the LME also provides benchmark administration services to the platinumgroup metals community.
Overall Purpose of Role:
The role sits within the Financial Risk team and is responsible for providing second line oversight challenge and validation across LME Clears financial and model risks to ensure theyre managed in line with risk appetite policy and regulation.
Responsibilities:
Provide oversite and challenge to the first line Clearing Risk teams through governance forums adhoc risk analysis and independent reviews.
Perform independent validations on a broad range of risk and pricing models; develop benchmark and challenger models and model performance tests; maintain second line risk model library.
Develop and embed quantitative methods to evaluate and stresstest the impact of potential risks on LME Clear translate findings into insights actionable solutions and risk mitigation strategies.
Perform deep dives into specific areas to quantify and develop mitigation strategies conduct workshops and scenario analysis / planning / fire drill exercises.
Horizon scan across the business metals industry and global environment to identify emerging risks and opportunities analyze the impact of the areas identified on the business.
Define and develop risk controls reports and dashboards to monitor and report on risk exposures horizon risks and the effectiveness of the Risk Framework.
Author technical validation reports briefing papers and periodic reports for senior management Executive and Board committees.
Academic and Professional Qualifications Required:
Degree in a quantitative discipline Masters or PhD would be a plus
Required Knowledge and Level of Experience:
Knowledge of Quantitative risk management roles with a focus on financial risk management and/or model validation.
Experience of working at a Clearing House and knowledge of the associated regulatory environment.
Knowledge of market credit and liquidity risk models and industry best practice.
Skills set and Core Competencies Required for Role:
Professional programming experience with Python and SQL other languages a plus.
Strong qualitative and quantitative analytical skills.
Strong verbal and written communication skills.
Experience with business intelligence tools (Power BI).
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams we welcome the unique contributions that you can bring in terms of education ethnicity race sex gender identity expression & reassignment nation of origin age languages spoken colour religion disability sexual orientation and beliefs. In doing so we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.
Required Experience:
IC
Employment Type
Full-Time
