Quantitative Analyst

London Metal Exchange; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

London Metal Exchange in London seeks a senior risk model validator to oversee independent validation of risk and pricing models across the second line. You will develop benchmark models, monitor performance tests, and report to senior management.

The role requires strong Python/SQL skills, Power BI experience, and knowledge of regulatory environments around model risk management. This is a permanent, on-site role within the UK division.

Qualifications

• Degree in a quantitative discipline; Masters or PhD would be a plus.
• Professional risk qualification (e.g. FRM) would be beneficial (studying towards)
• Strong programming experience with Python and SQL.

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

Power BI

Qualitative and quantitative analysis

Verbal and written communication

Regulatory knowledge

Education

Degree in quantitative discipline

Masters or PhD would be a plus

Tools

Power BI

Other programming languages

Job description

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.

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.