Senior Quant Trader (Risk)

IG Group; London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial services company in London seeks a Risk Analyst with an advanced degree in a quantitative field and over 5 years of experience in quantitative risk management. The role involves developing risk models, ensuring effective portfolio risk monitoring, and collaborating with technology teams. Exceptional analytical skills and proficiency in programming languages like Python or R are essential. This position is critical for maintaining robust risk management practices within the organization.

Qualifications

• 5+ years of experience in quantitative risk management or related roles.
• Proven track record of successful risk management strategies.
• Exceptional analytical and quantitative problem-solving skills.

Responsibilities

• Develop and enhance proprietary risk models.
• Ensure effective monitoring of portfolio risk exposures.
• Design comprehensive back-testing frameworks.

Skills

Statistical analysis

Risk assessment

Programming in Python

Data analysis

Problem-solving

Education

Advanced degree in a quantitative field

Tools

Python

R

C++

MATLAB

Job description

Responsibilities

Risk Modelling & Analytics

• Develop and enhance proprietary risk models for portfolio risk measurement, stress testing, and scenario analysis
• Research and implement advanced statistical methods for measuring market, credit, liquidity, and operational risks
• Design and build real-time risk monitoring systems and early warning indicators
• Collaborate with researchers and developers to translate risk models into production-ready risk management systems
• Stay current with academic and industry developments in risk management methodologies, regulatory requirements, and best practices

Risk Management & Oversight

• Ensure effective monitoring and management of real-time portfolio risk exposures across all trading strategies and asset classes
• Develop and implement risk limits, position sizing methodologies, and drawdown controls
• Perform attribution analysis to understand sources of risk and return in trading strategies
• Identify and analyze risk concentrations, correlations, and potential portfolio vulnerabilities

Scenario Analysis & Back-testing

• Design and implement comprehensive back-testing frameworks and validation of risk models and assumptions
• Support the Risk team to develop scenario analysis capabilities for portfolio impact assessment under various market regimes
• Work closely with trading teams to establish appropriate risk parameters and position limits

Collaboration & Leadership

• Partner with technology teams to implement and optimize risk management infrastructure and systems
• Provide risk insights and recommendations to trading teams
• Lead and mentor junior analysts
• Collaborate with risk, compliance and regulatory teams to ensure adherence to risk management standards

What you'll need for this role

Education & Experience

• Advanced degree (e.g., Masters) in a related quantitative field
• 5+ years of experience in quantitative risk management, or related roles in systematic trading
• Proven track record of developing and implementing successful risk management strategies
• Experience managing risk across multiple asset classes with expertise in at least two major markets
• Strong understanding of derivatives pricing, portfolio theory, and statistical risk modelling

Technical Skills

• Expert proficiency in programming languages used in quantitative finance (Python, R, C++, MATLAB, etc.)
• Deep knowledge of risk management practices, risk approaches
• Advanced understanding of statistical methods, time series analysis, and machine learning applications in finance
• Familiarity with high-performance computing, distributed systems, and real-time risk monitoring

Personal Qualities

• Exceptional analytical and quantitative problem-solving abilities
• Strong attention to detail with ability to identify and communicate risks clearly
• Intellectual curiosity and continuous learning mindset
• Strong communication skills for presenting complex risk concepts to diverse audiences
• Resilience and sound judgment under high-pressure market conditions
• Highest standards of integrity and ethical conduct in risk management practices

Number of openings: 1

Job ID: R_15164