Junior Risk Analyst

Mako; City Of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A leading trading firm in London is looking for a Risk Analyst to manage trading floor risk and perform real-time risk measurement. Responsibilities include preparing risk reports, collaborating with traders, and ensuring accurate capital reporting. Candidates should possess knowledge in futures/options and have strong coding skills in Excel and Python. The role offers hybrid working options and various employee benefits, including health insurance and a pension scheme.

Benefits

Flexible leave and hybrid working policies

Private health and dental insurance

Generous pension scheme

Free access to the Mako gym

Employee wellbeing guidance and support

Opportunity to engage with the Mako Foundation

Qualifications

• Knowledge of market risk management tools like VaR and Expected Shortfall.
• Self-motivated and able to multi-task effectively.
• Comfortable at analysing large data sets.

Responsibilities

• Prepare risk reports and materials to identify market risk.
• Work closely with traders on risk positions.
• Daily analysis of margin requirements.

Skills

Relevant knowledge of futures and options

Good coding skills in Excel/VBA

Python Pandas / PyQt

Problem-solving skills

Analytical ability

Attention to detail

Excellent communication skills

Education

University / college degree in quantitative subjects

Tools

Excel

VBA

Python

Job description

At Mako, we believe in the power of collaboration to drive innovation in pursuit of our collective ambition; excellence in trading. Our diverse community is connected through a commitment to being the best we can be with the highest standards of integrity.

The trading environment changes rapidly and the successful candidate will need to be driven, flexible, energetic and fast-thinking to follow market moves and have a positive impact within the team.

As a Risk Analyst, you will be an active participant in managing Mako's trading floor risk, a cornerstone of our business. You will develop your expertise, be responsible for real-time risk measurement and analysis of global trader positions and ensure the complete and accurate daily reporting of risk against approved limit using a range of risk methodologies and metrics.

What You'll Be Involved In

• Preparing risk reports and materials to proactively identify and analyse the convex market risk across the group.
• Engaging closely with traders on risk positions and strategy.
• Ensuring clear and frequent communication with operational staff across the group to enable the accurate reporting of capital, margin and PnL.
• Provide your input on limit appropriateness, breach condonement or other risk concerns to the Head of Risk
• Daily analysis of Mako's margin requirement at its clearers including forecasting and working with other departments on margin & liquidity management.
• Identifying and tracking key risks and discussing exposures that exceed the firm's risk appetite directly with traders. Escalating these to senior management on a timely basis.
• Understanding and analysing the key market drivers and how they affect the firm's positions.
• Assisting in the development and reviewing position limit frameworks for Mako's trading desks.
• Assisting in new products approval process
• Performing ad hoc projects and investigations as required, including engaging with other teams to deliver group wide initiatives.
• Producing analyses for regulator and exchange requests.
• Ensuring Risk maintain a robust control and operating environment
• Assisting with managing projects and workload across the team, overseeing the daily operations and workload of the other analysts in UK/Europe/Australia.
• Assisting in the preparation of reports for the Risk Committee and other management forums.
• Developing and maintaining VBA and python tools to improve the current processes.

What We Need From You

• Relevant knowledge of futures and options is a must.
• Good coding skills in Excel/VBA and Python Pandas / PyQt.
• Understanding of market risk management tools, e.g. VaR, Expected Shortfall, stress testing and other risk measurement methods.
• A strong work ethic, highly self-motivated and able to multi-task across both team-oriented and individual projects.
• Confident problem-solving skills, with a proven analytical ability and comfortable at analysing large data sets.
• Excellent communication skills with a strong attention to details and an ability to influence.

Skills That Will Set You Apart

• University / college-educated in quantitative subjects (e.g. Engineering, Sciences, Maths, Economics, Finance, etc.) with a minimum of a 2.1 Bachelor's degree or equivalent, higher education degree is a bonus.

Benefits

• Flexible leave and hybrid working policies
• Private health and dental insurance
• Generous pension scheme
• Free access to the Mako gym
• Employee wellbeing guidance and support
• Opportunity to become involved in the rewarding work of the Mako Foundation

About Mako

Mako is a leading options market maker with a global trading footprint. It has been at the forefront of options market making since 1999, from the open outcry trading pits to screen trading and automated algorithmic execution strategies that are driving the future of the industry. From offices in London, Dublin, Amsterdam, Singapore, Sydney, Brisbane and Chengdu, Mako offers the best-in‑class liquidity solutions across Equities, Fixed Income, Commodities and FX derivatives markets and prides itself in its entrepreneurial, collaborative and philanthropic culture.

If you require any reasonable adjustments or assistance during the recruitment process, please email and we will arrange this.

For further information on the Mako Group please refer to our website: www.mako.com.

Mako does not accept unsolicited CVs or candidate details from recruiters or search firms and will not pay any fees to such firms without a signed agreement.