Description
Main Function
Market Risk IT is the global team responsible for the development of risk applications for market risk managers. These systems may involve complex mathematical modelling and simulation techniques, reports, and feeds to and from risk and Front Office systems. Products covered in these systems include, but are not limited to, equities, bonds, convertible bonds, credit default swaps, swaps, FX, FX options, ABS and CDOs. Continued development is required to ensure that systems implement the very latest methodologies and techniques.
Main Duties
You will form part of a global team responsible for developing systems used by the firm to calculate and report VaR (Value at Risk), provide aggregated risk reporting, stress testing and Regulatory Capital numbers.
The role will involve forming effective working relationships with other analysts, developers and clients in the risk management community.
The primary duties of the job are:
* Analyse and produce functional specifications arising from the requirements of users.
* Develop and execute test plans for integration testing to ensure business requirements have been met.
* Analyse and respond to complex queries and issues from risk managers and other users relating not only to current projects but also to runtime system functionality and future concepts/ideas.
Person Requirements
Qualifications/Education:
Essential
- A numerate degree with strong grades from a reputable university
Preferred
- Postgraduate or professional risk management qualification
Experience:
Essential
- Experience in a major investment Bank
- Previous experience in Risk Management IT or Product Control IT
- Familiarity with the Project Management or Software Development Life Cycle
Skills and Knowledge:
IT Technical Skills
- Datamodelling (UML or ER diagrams)
- SQL experience
- MS Excel
Capital Markets Knowledge
- Sound Market Risk Management knowledge and experience
- VaR, Risk Sensitivities and Stress Testing
- Comprehensive understanding of financial products and their corresponding risks
Business Skills
- Has the initiative and ability to break down problems into component parts and resolve them
- Customer focused - consistently meets client needs within constraints of time, resources and budget
- Good influencing and negotiation skills
- Excellent communication skills in both formal and informal settings & ability to interact as part of a global team (written and verbal)
This is an excellent opportunity to join a vibrant team at a market leading investment bank. To be considered, please forward me your up to date CV, working availability and notice period as soon as possible.
Location: Canary Wharf
Contract Duration: 6 months
Daily rate: £ Dependent upon your requirements. The client hasn't yet specified a daily rate and has asked candidates to set their requirements in line with market conditions.
KEYWORDS:
"MARKET RISK", "MARKET RISK IT", "BUSINESS ANALYST", FX, "FX OPTIONS", ABS, CDO, EQUITIES, BONDS, "CONVERTIBLE BONDS", CDS, "CREDIT DEFAULT SWAP", VAR, "VALUE AT RISK", "FRONT OFFICW", "STRESS TEST", SQL, UML, ER, "Datamodelling", MODELLING, "INVESTMENT BANK", "CAPITAL MARKETS", "GLOBAL BANKING", LONDON
To find out more about Huxley Associates please visit our website.