Senior Quantitative Analyst

Australian Securities Exchange; Sydney; Hybrid; AUD 180,000 - 260,000; Full time

Benefits offered by this job

Restaurant stipend

Job summary

Australian Securities Exchange in Sydney, NSW, seeks a highly skilled Quantitative Analyst to join the Clearing Risk Quantitative Modelling Team in a senior role, focusing on developing methodologies for risk and new product initiatives. The team quantifies and evaluates risks using models for pricing and risk management.

You will quantify and validate models used for pricing and risk management, mentor juniors, and communicate complex concepts to business and technology stakeholders, with

Qualifications

• At least 7 years' experience as a market risk quantitative analyst in a clearing house, banking, finance or related environment.
• Tertiary Qualifications in a quantitative discipline (maths, statistics, engineering, quantitative finance, etc.).
• Deep knowledge of exchange traded and OTC products, derivatives pricing, and market data conventions.
• Demonstrated ability to design pragmatic solutions to complex financial problems.
• Advanced statistical analysis and modelling skills.
• Demonstrated experience in R and/or Python, working with large datasets.
• Excellent communication and technical documentation skills, ability to work independently.

Responsibilities

• Developing stress testing and margin methodologies for new products and initiatives.
• Contributing to back-testing methodology and framework.
• Developing or contributing to various other quantitative methodology initiatives.
• Mentoring and guiding junior team members to deliver high-quality work on time.
• Ensuring models and changes are well documented and governance-compliant.

Skills

Advanced statistics

Quantitative analysis

Problem solving

Communication

Education

Quantitative degree

Tools

Python

R

Confluence

JIRA

Job description

Australian Securities Exchange – Sydney NSW

ASX: Powering Australia's financial markets

Why join the ASX?

When you join ASX, you're joining a company with a strong purpose - to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you'll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub.

The ASX team brings together talented people from a diverse range of disciplines.

We run critical market infrastructure, with 1 in 3 people employed within technology. Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We're proud to foster a workplace where diversity is celebrated and inclusion is part of our everyday culture. Our employee-led networks champion LGBTIQ+ inclusion, promote gender equality, accessibility and wellbeing, inspire giving and volunteering, and celebrate cultural and religious events, creating a sense of belonging for all. As an AWEI Bronze employer and member of the Champions of Change Coalition for gender equality, we're committed to a fair and inclusive workplace where everyone can thrive.

Your Team

The ASX has an exciting opportunity for a highly skilled and experienced Quantitative Analyst to join the Clearing Risk Quantitative Modelling Team in a senior role to help develop quantitative risk methodologies across all ASX products, with a particular focus on new product initiatives. The team is responsible for quantifying and evaluating the risks faced by ASX through research, development and validation of the models used by ASX for pricing and risk management. This role will require strong technical abilities, problem solving, stakeholder management and communication skills. The successful candidate will need to be able to identify issues, propose solutions and discuss complex concepts with a broad range of stakeholders. In particular, the ability to represent quantitative models in a clear and simple form that can be understood by stakeholders from business and technology is essential.

Your responsibilities

The Markets team within ASX is planning to launch a number of new products, targeting specific customer needs in the market. This role is for a senior quantitative analyst with extensive experience within a market risk function, to develop and document the quantitative methodologies required to support the role-out of new products in a timely manner. The successful candidate will be responsible for:

• Developing stress testing and margin methodologies for new products and initiatives.
• Contributing to the back-testing methodology and framework.
• Developing/contributing to various other quantitative methodology initiatives.
• Mentoring and guiding junior members of the team and ensuring their work is delivered on time to a high standard.
• Ensuring any new models or changes to existing models are documented to a high standard and follow the appropriate governance processes.

This role will involve significant interaction with internal stakeholders, including Credit Risk Policy, Market Risk Oversight and Markets. Therefore, the successful candidate will need to be both technically proficient and an effective communicator. The ability to understand and meet stakeholder needs, a willingness to receive and implement stakeholder feedback, and adhere to deadlines is essential.

Must have

• At least 7 years' experience as a market risk quantitative analyst in a clearing house, banking, finance or related environment.
• Tertiary Qualifications in a quantitative discipline (mathematics, statistics, engineering, quantitative finance, etc.).
• Deep knowledge of exchange traded and OTC products, derivatives pricing, and market data and conventions.
• Demonstrated ability to design pragmatic solutions to complex financial problems.
• Advanced statistical analysis and modelling skills.
• Demonstrated experience in R and/or Python, working with large datasets.
• Excellent communication skills, technical documentation skills and ability to work independently.
• Strong commercial acumen.
• Demonstrated experience collaborating effectively with a broad range of internal and external stakeholders within and across different functional teams, in particular engagement with senior management and regulators.
• An ability to explain technical subjects to non-experts both verbally and in writing.
• Curiosity and strong problem-solving skills, being self-motivated, highly resourceful and receptive to constructive feedback.
• Collaborative team focus and willingness to own problems and their solutions.
• Focus on the quality of the outcome and continuous improvement, attention to detail and ability to deliver to deadlines, ability to span several streams of work at the same time.

Nice to have

• Experience building volatility surfaces
• Experience with electricity derivatives
• Experience in Central Counterparty Clearing Risk.
• Broad understanding of the RBA's Financial Stability Standards (FSS) for Central Counterparties.
• Experience with designing, building, testing and deploying code into production.
• Experience working in an Agile environment.
• Familiarity with Confluence and JIRA.

We make hiring decisions based on your skills, capabilities and experience, and how you'll help us to live our values. We encourage you to apply even if you don't meet all the criteria of this role.

If you need any adjustments during the application or interview process to help you present your best self, please let us know at *******@asx.com.au.

At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time, we encourage you to apply if you are interested in part-time or other flexible working arrangements.

We will arrange for successful candidates to have background checks, including reference and police checks, completed as part of the onboarding process.

To be considered for this position, candidates must be legally authorised to work in Australia on a permanent basis without any restrictions.