Quantitative Analyst

HKEX Group; Greater London; Hybrid; GBP 90,000 - 130,000; Full time

Job summary

LME Group in London is seeking a Quantitative Analyst to validate models and methodologies used to manage financial risk within the second line risk function.

You will develop benchmark and challenger models, maintain the risk model library, run performance tests, and contribute to governance reporting across the organisation.

Qualifications

• Degree in a quantitative discipline (Masters or PhD preferred).
• FRM or similar risk qualification would be beneficial (or currently studying).
• Proficiency in Python and SQL, and experience with Power BI.

Responsibilities

• Independent validation of risk and pricing models.
• Develop benchmark / challenger models and maintain second line risk model library.
• Develop and monitor model performance tests.
• Manage model risk governance reporting and related papers.

Skills

Python

SQL

Analytical thinking

Verbal and written communication

Education

Master's or PhD in a quantitative discipline

FRM or similar risk qualification in progress

Tools

Power BI

Job description

## Quantitative AnalystApply: UK-London: Full time: Posted Today: R004459Quantitative 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.*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.*