Risk Analyst

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

Job summary

ICE Clear Europe’s Clearing Risk Department seeks a Risk Analyst to support senior risk managers in shaping risk practices across major futures and options markets in London.

You will calibrate risk models, develop enhancements, and contribute to policy and methodology reviews, reporting to ICE Clear Europe boards and risk committees.

Qualifications

• Degree in Mathematics, Engineering, Finance or equivalent.
• Attention to detail and strong problem-solving skills.
• Experience in risk management as an intern or professional is advantageous.
• Strong knowledge of financial derivatives across asset classes is preferred.
• Experience applying risk models such as VaR, liquidity risk, backtesting, and stress testing is advantageous.
• Ability to collaborate with other teams.
• Ability to conduct independent research and problem-solving.
• Experience with SQL and Python.
• Excellent written and verbal communication skills.

Responsibilities

• Conduct mathematical/statistical analysis to calibrate risk models.
• Ensure the risk management framework and policies adhere to regulatory/industry standards.
• Assist with identifying areas to improve risk models, processes, or infrastructure.
• Enhance documentation of risk processes, procedures and models.
• Assist with communication with clearing members, risk committees and senior management.
• Build and maintain risk reports for the ICE Clear Europe board and risk committees.
• Monitor model performance tests and assess model adequacy.
• Collaborate on policy and methodology development.
• Conduct project work and market research on risk topics.

Skills

Attention to detail

Problem-solving

Team player

Excellent communication

Education

Degree in Mathematics, Engineering, Finance

Tools

SQL

Python

Job description

Job Purpose

ICE Clear Europe’s Clearing Risk Department (“CRD”) is looking for a Risk Analyst. The successful candidate will assist the senior risk managers in overseeing and shaping the risk management practice at one of the largest futures and options clearing houses in the world. You will be joining a very dynamic team, be exposed to a wide range of asset classes and be challenged with complex risk problems. You will be responsible for carrying out all aspects of the day-to-day risk management duties and assist in developing and implementing enhancements to the risk management tools, models, and processes. You will also participate in the design and implementation of new risk initiatives and products that benefit the business.

Job Description

ICE Clear Europe’s Clearing Risk Department (“CRD”) is looking for a Risk Analyst. The successful candidate will assist the senior risk managers in overseeing and shaping the risk management practice at one of the largest futures and options clearing houses in the world. You will be joining a very dynamic team, be exposed to a wide range of asset classes and be challenged with complex risk problems. You will be responsible for carrying out all aspects of the day-to-day risk management duties and assist in developing and implementing enhancements to the risk management tools, models, and processes. You will also participate in the design and implementation of new risk initiatives and products that benefit the business.

Responsibilities

• Conduct mathematical/statistical analysis to calibrate and enhance risk models
• Ensure the risk management framework and risk policies are being adhered to and are consistent with regulatory and industry standards
• Assist with identifying areas where the risk models, risk management processes, or infrastructure can be improved
• Enhance documentation of risk processes, procedures and models
• Assist with communication with representatives from clearing members, risk committees and senior management of ICE
• Build and maintain risk management reports for the ICE Clear Europe board, various ICE Clear Europe risk committees and the regulators overseeing ICE Clear Europe
• Monitor model performance tests and assess the appropriateness of models in order to demonstrate policy adherence
• Collaborate with a group of colleagues on key policy and methodology development
• Conduct project work and run thematic or ad-hoc market research on relevant risk topics

Knowledge And Experience

• Degree in Mathematics, Engineering, Finance or other equivalent degrees
• Attention to detail and strong problem-solving skills with the ability to balance trade-offs
• Prior experience in risk management as a risk intern or relevant professional experience (at an investment bank, hedge fund or clearing house) will be an advantage.
• Strong knowledge in financial derivatives products in multiple asset classes preferred
• Prior experience in applying risk management models and techniques such as Value at Risk models, Liquidity Risk models, backtesting and stress testing models will be an advantage.
• Ability to be a team player and to collaborate with other teams
• Ability to conduct research, analyze problems, formulate and implement solutions in an efficient, effective and independent manner
• Experience with SQL and Python
• Excellent written and verbal communication skills