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Python Model Developer - Risk

Apply locations Cannon Street, London time type Full time posted on Posted Today job requisition id R_13653

Job Title

Python Model Developer - Risk

Job Description

So, who are we?
Hello, we’re IG Group, an FTSE 250 Fintech that provides cutting-edge mobile, web and desktop platforms that help our clients trade Stocks & Shares, leveraged products, Futures & Options and Crypto.

We are ambitious. Over 340,000 people already use our platforms. We’re global with offices in 18 countries and products in 16 regions. We’re hungry to move faster, ship better products for our customers and grow our user base. We believe in high autonomy, and we want people who are looking to do things differently to create better experiences for our customers.

We work in cross-functional teams and are laser-focused on increasing the number of active clients we serve to drive sustainable growth.

The Team:

The Financial Risk Team is responsible for the end-to-end management of IG Group’s credit, market, capital and liquidity risk profiles. The Team designs, develops and deploys various industry-standard risk models to help set policy, enforce it and report on it to several committees (including the Risk Committee, the Executive Risk Committee and the Board Risk Committee).

Your role in the Team’s Success

We are seeking a Python Model Developer to join a data-driven technical risk management team in designing, developing and deploying quantitative risk models to manage our risk.

Our tech stack is comprised of Python (incl. Pandas, NumPy & Matplotlib), SQL, MongoDB, GitLab and increasingly GCP. As a team of Risk Analysts & Risk Managers, we are looking for someone who can own the DevOps side of the model lifecycle, as well as re-engineer existing parts of the codebase. We are taking tentative steps, aided by IT, to transition our infrastructure from on-prem servers into GCP to benefit from the increased scalability and to leverage the capabilities of Looker & Vertex-AI. We are regularly engaging with teams at Google on this transition and the successful candidate will represent the Financial Risk Team in these conversations.

As the team that owns the Group-wide capital requirements model (and all the downstream reports from it), we have a strong focus on automation and are often fielding requests from various parts of the business to provide data and analysis.

The successful candidate will be working within a small (6-person) London-based team with significant exposure to senior management. They will be working closely with the Model Validation, Regulatory Capital, Finance, Treasury, Credit Operations, Enterprise Data and Technology Teams.

What you’ll do:

• Design, develop and deploy quantitative risk models in Python to our GitLab-managed servers (incl. rebuilds of existing models).
• Proposing new models not currently running (i.e. LGD & PB) to better manage our risk.
• Automating processes and controls.
• Continuous deployment of code changes to refine our risk management.
• Liaising with the 1st line commercial teams to act based on the outputs of our models.

How we work

We try to take a thoughtful approach to our ways of working as a company. We follow a hybrid working model with 3 days in the office – which we think balances the need to collaborate effectively and connect with each other.

When it comes to how we deliver, there are 5 things we want everyone to do to drive high performance, better learning and career satisfaction:

Lead and Inspire: Drives trust, alignment, and enthusiasm

Think Big: Focus on the problems that most impact commercial outcomes

Champion the client: Understand and prioritise the client's needs

Deliver at pace: Push for fast, sustainable growth;

Raise the bar: Take ownership, be accountable and share feedback.

We believe that diversity is vital to success, it fuels creativity, drives innovation and sets us up for global success. We’re committed to building teams with a variety of perspectives and skills to help us realise our vision and strategy, that’s why we encourage applications from people with diverse backgrounds and experiences to join us on this journey.

What you’ll need:

• Python
• SQL
• GitLab (Inc. deployment pipelines)
• Model development experience within either a bank or consulting firm
• A strong understanding/experience with industry-standard risk models (including stress-testing, value-at-risk, expected shortfall, LGD, PD, etc…)

The Perks

Your growth fuels our success!

Thrive with tailored development programs, mentoring opportunities with leaders, and clear career progression. Expand your network through committees, sports and social clubs. Enjoy extra time off for volunteering and community work.

• Competitive salary
• Flexible Benefits Package on top of your salary (12%)
• Private medical cover for you and your family
• Life insurance
• Contribution to gym memberships
• 25 Days holiday, with 1 additional day off to celebrate your Birthday & 2 additional days off a year for voluntary work (28 in total)
• The option to buy or sell holiday days.
• Unlimited access to the LinkedIn Learning Platform
• A comprehensive global and local onboarding process
• Employee-led LGBTQ+, Women’s, Black and Parents & Carers networks with an annual budget for organising events & projects that foster an open, diverse and inclusive culture
• Option to participate and create ESG initiatives based on IG Brighter Future Fund
• Enhanced primary (maternity), secondary (paternity), and shared parental pay and leave, as well as a range of support and benefits for parents

Join us for this exciting journey.

Apply now!

Number of openings

1