Quantitative Analyst

LME Clear Limited; City Of London; On-site; GBP 70,000 - 110,000; Full time

Job summary

LME Clear Limited in London is seeking a Quantitative Analyst to validate models and support the model risk management framework. The role involves independent validation of risk and pricing models, development of benchmark and challenger models, and rigorous governance reporting.

You will work on model performance tests and prepare technical validation reports for senior management, collaborating with Risk and HKEX groups.

Qualifications

• Degree in a quantitative discipline. Masters or PhD would be a plus.
• Professional risk qualification (e.g. FRM) would be beneficial.

Responsibilities

• Independent validation of a wide range of risk and pricing models.
• Development of benchmark / challenger models and maintenance of second line risk model library.
• Development and monitoring of model performance tests.
• Manage model risk governance process and associated reporting.
• Author technical validation reports, committee briefing papers and periodic senior management reports.

Skills

Python

SQL

Analytical thinking

Communication skills

Regulatory awareness

Education

Master's or PhD in quantitative discipline

FRM or similar risk qualification beneficial

Tools

Power BI

Job description

Quantitative Analyst Shift Pattern: Standard 40 Hour Week (United Kingdom) Scheduled Weekly Hours: 40 Corporate Grade: D - Assistant Vice President Reporting Line: (UK Division) Risk - 2nd Line Location: UK-London Worker Type: Permanent Overall Purpose of Role: The Financial Risk team provides second line oversight and challenge on LME Clears financial risks (market, credit, liquidity and model risk) to ensure that these risks are managed in line with risk appetite, policy and regulation. The purpose of the role is to validate the models and methodologies used to manage financial risk and assist with enhancing and embedding the model risk management framework throughout the organisation. LME Group is the world center for industrial metals trading and clearing. Most of the world’s non-ferrous metals business is conducted on the LME totaling $15.7 trillion, 185 million lots and 4.1 billion tonnes in 2018. The metals community uses the LME, a member of HKEX Group, as a venue to transfer or take on price risk, as a physical market of last resort and as the provider of transparent global reference prices.

Responsibilities

• Independent validation of a wide range of risk and pricing models.
• Development of benchmark / challenger models and maintenance of second line risk model library.
• Development and monitoring of model performance tests.
• Manage model risk governance process and associated reporting.
• Author technical validation reports, committee briefing papers and periodic senior management reports.

Academic and Professional Qualifications Required

• Degree in a quantitative discipline - Masters or PhD would be a plus.
• Professional risk qualification (or studying towards) would be beneficial (e.g. FRM).

Skills set and Core Competencies Required for Role

• Professional programming experience with Python and SQL, other languages a plus.
• Experience with business intelligence tools (Power BI).
• Strong qualitative and quantitative analytical skills.
• Strong verbal and written communication skills.
• Familiarity and knowledge of the regulatory environment surrounding Model Risk Management and/or Clearing.

Diversity statement

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.

Hong Kong Exchanges and Clearing Limited (HKEX) is a publicly-traded company (HKEX Stock Code:388) and one of the world’s leading global exchange groups, offering a range of equity, derivative, commodity, fixed income and other financial markets, products and services, including the London Metals Exchange. As a superconnector and gateway between East and West, HKEX facilitates the two-way flow of capital, ideas and dialogue between China and the rest of world, through its pioneering Connect schemes, increasingly diversified product ecosystem and its deep, liquid and international markets. HKEX is a purpose-led organisation which, across its business and through the work of HKEX Foundation, seeks to connect, promote and progress its markets and the communities it supports for the prosperity of all.

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