Risk Analyst

ICE Clear Europe Limited; Northern, New York (KY, NY); Hybrid; USD 90,000 - 140,000; Full time

Job summary

ICE Clear Europe Limited seeks a front office risk analyst to support senior risk managers in shaping risk practices for a major futures and options clearing house. You will handle day-to-day risk tasks and help build enhancements to models, tools, and processes.

You will work with colleagues across asset classes, conduct numeric analyses, and contribute to risk initiatives that benefit ICE Clear Europe. Strong communication and collaboration are essential in this role.

Qualifications

• Master’s Degree in Mathematical Finance or equivalent degree.
• Attention to detail and strong problem-solving skills with the ability to balance trade-offs.
• Prior experience in risk management as a risk analyst 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.
• Excellent written and verbal communication skills.
• Experience with SQL and Python preferred.

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

Skills

Attention to detail

Problem solving

SQL

Python

Communication skills

Team collaboration

Risk analysis

Education

Master’s Degree in Mathematical Finance or equivalent

Job description

Job Description

Job Purpose

ICE Clear Europe’s Clearing Risk Department ("CRD") is looking for a front office 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

• Master’s Degree in Mathematical Finance or equivalent degree


• Attention to detail and strong problem-solving skills with the ability to balance trade-offs


• Prior experience in risk management as a risk analyst 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


• Excellent written and verbal communication skills


• Experience with SQL and Python preferred

New York Base SalaryRange

The expected base salary for this role, if located in New York, is between $87,600 - 118,500 USD. The base salary range does not include Intercontinental Exchange’s incentive compensation. While we provide this range as general guidance, at ICE we compensate employees based on the skillset and experience of the individual. Regular full-time ICE employees are eligible for a suite of competitive employee benefits, including healthcare coverage (medical, dental and vision), a 401(k) plan, life insurance, time off, and paid leave for qualifying circumstances.