At a Glance
- Tasks: Join a dynamic team to manage and analyse diverse market risks daily.
- Company: ICE is a leading global clearing house for futures and options.
- Benefits: Enjoy a full-time role with opportunities for growth and development.
- Why this job: Be part of innovative risk initiatives that shape the financial landscape.
- Qualifications: Degree in a numerical discipline; knowledge of risk management preferred.
- Other info: Experience with SQL and Python is a plus; collaborative environment awaits!
The predicted salary is between 30000 - 42000 £ per year.
ICE Clear Europe’s Clearing Risk Department (“CRD”) is seeking a front office junior risk analyst. The successful candidate will be part of a dynamic risk team, overseeing and shaping risk management practices at one of the largest futures and options clearing houses globally. The role involves exposure to diverse asset classes and complex risk challenges.
Responsibilities include:
- Executing daily risk management duties.
- Developing enhancements to risk tools, models, and processes.
- Participating in new risk initiatives and product development.
- Analyzing and monitoring market and collateral risks in real-time, escalating concerns appropriately.
- Ensuring compliance with risk management frameworks, policies, and regulatory standards.
- Identifying opportunities for improving risk models, processes, or infrastructure.
- Documenting risk processes, procedures, and models thoroughly.
- Supporting internal and external communications with stakeholders including clearing members and ICE management.
- Collaborating on policy and methodology development with colleagues.
- Conducting project work and thematic or ad-hoc market research on relevant risk topics.
Knowledge and Experience:
- Degree in Business, Science, Economics, Engineering, or a related numerical discipline.
- Self-motivated, proactive, detail-oriented, with an intuitive mindset.
- Knowledge of risk management models and techniques such as VaR, liquidity risk, backtesting, and stress testing (preferred).
- Understanding of financial derivatives like fixed income, interest rates, or commodities (advantageous).
- Team player with collaborative skills.
- Ability to conduct research, analyze problems, and implement solutions efficiently and independently.
- Excellent written and verbal communication skills.
- Experience with SQL and Python is preferred.
Contact Detail:
ICE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Risk Analyst
✨Tip Number 1
Familiarise yourself with the key risk management models and techniques mentioned in the job description, such as VaR and stress testing. Being able to discuss these concepts confidently during your interview will demonstrate your understanding and readiness for the role.
✨Tip Number 2
Brush up on your SQL and Python skills, as these are preferred qualifications for the Junior Risk Analyst position. Consider working on small projects or exercises that showcase your ability to use these tools in a risk analysis context.
✨Tip Number 3
Stay updated on current market trends and news related to financial derivatives, especially in fixed income and commodities. This knowledge will not only help you in interviews but also show your genuine interest in the field.
✨Tip Number 4
Network with professionals in the risk management field, particularly those who work in clearing houses or similar environments. Engaging with industry experts can provide valuable insights and potentially lead to referrals for the position.
We think you need these skills to ace Junior Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Junior Risk Analyst role. Emphasise your knowledge of risk management models, financial derivatives, and any experience with SQL and Python.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for risk analysis and your understanding of the responsibilities outlined in the job description. Mention specific examples of how your background makes you a great fit for the team at ICE.
Highlight Relevant Projects: If you've worked on projects related to risk management or financial analysis, be sure to include these in your application. Detail your role, the tools you used, and the outcomes achieved to demonstrate your practical experience.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role in risk management.
How to prepare for a job interview at ICE
✨Showcase Your Analytical Skills
As a Junior Risk Analyst, you'll need to demonstrate your ability to analyse and interpret data. Be prepared to discuss any relevant projects or experiences where you've successfully used analytical techniques, especially in risk management.
✨Familiarise Yourself with Risk Models
Make sure you understand key risk management models and techniques such as VaR, liquidity risk, and stress testing. Being able to explain these concepts clearly will show your knowledge and readiness for the role.
✨Prepare for Technical Questions
Since experience with SQL and Python is preferred, brush up on your technical skills. You might be asked to solve problems or answer questions related to data analysis during the interview, so practice coding or data manipulation tasks beforehand.
✨Demonstrate Team Collaboration
The role requires strong collaborative skills. Be ready to share examples of how you've worked effectively in teams, particularly in situations that involved developing policies or methodologies, as this will highlight your fit within the dynamic risk team.