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Senior Quantitative Analyst Climate Risk in Trading Book – Permanent | London (Hybrid)
Salary: £90,000–£128,000 + Bonus + Benefits
Role Summary
You will be a technical and strategic lead for climate risk modeling in market risk management, specifically for the trading book. Your key responsibilities involve designing and maintaining methodologies related to:
- Value-at-Risk (VaR)
- Stressed VaR
- Incremental Risk Charge (IRC)
- Other related market risk models adapted for climate risk exposure
This includes owning the end-to-end model lifecycle — from development through to regulatory communication and documentation.
Core Responsibilities
- Model Development & Validation:
- Build and enhance models incorporating climate risk into trading book metrics. Ensure global consistency and regulatory compliance.
- Framework Ownership:
- Develop global methodology standards for climate risk integration into market risk.
- Project & Resource Management:
- Manage model development projects, potentially across multiple regions or teams.
- Stakeholder Engagement:
- Translate technical climate risk models into clear insights for:
- Regulators
- Trading desks
- Risk management teams
- Documentation:
- Create well-structured and comprehensive documentation suitable for both technical and non-technical audiences.
Qualifications and Skills
Required:
- Academic/Technical Background: Strong quantitative background in:
- Mathematics, Statistics, Physics, Computer Science, or related field.
- Climate Science Expertise: Direct experience with climate science modeling, ideally in a financial context (e.g., scenario analysis, carbon exposure models).
- Market Risk Modeling: Deep familiarity with market risk frameworks like VaR, Stressed VaR, IRC, and derivatives.
- Programming: Solid experience with Python (e.g., for modeling, data analysis, visualization).
- Communication: Ability to simplify and explain complex modeling decisions to a non-technical audience (e.g., regulators or senior stakeholders).
Preferred:
- Experience with stress testing frameworks (e.g., CCAR, ICAAP, climate stress testing).
- Knowledge of economic capital models.
- Familiarity with regulatory frameworks like Basel III/IV, TCFD, or NGFS would be advantageous.
Senior Quantitative Analyst Climate Risk in Trading Book employer: ETRA Talent
As a Senior Quantitative Analyst in Climate Risk at our London office, you will join a forward-thinking team dedicated to integrating climate risk into market risk management. We offer a dynamic hybrid work environment that fosters collaboration and innovation, alongside competitive salaries, bonuses, and comprehensive benefits. Our commitment to employee growth is reflected in our robust training programmes and opportunities for advancement, making us an exceptional employer for those seeking to make a meaningful impact in the financial sector.
Contact Detail:
ETRA Talent Recruiting Team
