CDSClear Risk Analyst

LSEG; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

LSEG in London is looking for a Quantitative Strategist/Analyst for its CDSClear First Line Risk Quant Team. The ideal candidate will possess 2-5 years of experience in a credit derivatives quant team and have in-depth knowledge of various CDS products. Responsibilities include defining and testing model changes, maintaining risk documentation, and supporting stakeholders. A Master's or PhD in a relevant field is required, along with strong skills in C++ and communication. This senior associate role offers a chance to shape risk governance strategies.

Qualifications

• 2-5 years experience in a front office credit derivatives quant team.
• In depth knowledge of CDS products.
• Production coding experience in quant libraries.

Responsibilities

• Define and test model changes for business developments.
• Maintain risk methodology documentation for reviews.
• Provide SME support for client queries.

Skills

Quantitative analysis

Credit derivatives knowledge

C++ proficiency

Communication skills

Organizational skills

Education

Master’s or PhD in Mathematics, Statistics, Physics or related field

Tools

Python

R

Job description

Role Description

This London based role is for a quantitative strategist/analyst within CDSClear First Line Risk Quant Team.

Implementation of risk model analytics changes required to support business development, suggesting model improvements and documenting methodology for risk governance.

Ensuring the analytics for model risk monitoring reports are maintained, produced and approved by the relevant governance.

Supporting regular model validation reviews and guiding them through the methodology.

Partnering with Second Line Risk, CDSClear IT Dev, CDSClear IT Test and CDSClear Risk Change to ensure a smooth transition to production deliveries.

Key Responsibilities

Change

• Define, prototype and test model changes required for business developments and document to obtain approval from internal and external governance.
• Define business requirements and corresponding test cases for CDSClear Risk model changes.
• Maintain risk methodology documentation for members and auditors to be able to review the details of CDSClear’s risk model, and for the CDSClear First Line Risk code to be understandable.
• Maintain the analytics tools and libraries required to produce the regular model risk monitoring reports and margin calculation.

Partnership

• Provide SME support to answer queries from clients / members or regulators.
• Build and manage relationships with internal stakeholders, including model validation, second line risk, CDSClear IT devs, CDSClear IT test and CDSClear Risk Change to improve predictability, transparency and efficiency of all deliveries impacting CDSClear Risk Run.

Candidate Profile / Key Skills

• Quantitative strategist/analyst with 2-5 years experience working in a front office credit derivatives quant team.
• In depth knowledge of credit derivatives including one or more of (CDS Single name, CDS Index, CDS Index tranches, CDS Index Option, Credit CVA/XVA).
• Experience in coding in production quant libraries written in C++ (additional experience in Python or R an advantage).
• Educated to Master’s or PhD level in Mathematics, Statistics, Physics or related field.
• Rigorous and organised with excellent communication skills, able to coordinate with other teams to safely introduce market driven and CDSClear driven changes in production.

Career Stage

Senior Associate

Equal Opportunities Statement

We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.