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For Companies At a Glance
- Tasks: Manage risk systems, produce P&L reports, and monitor trading exposures in real-time.
- Company: Join a cutting-edge algorithmic trading firm with a global presence.
- Benefits: Remote work, flexible schedule, health insurance, and opportunities for professional growth.
- Other info: Collaborate with industry experts and enjoy a modern work environment.
- Why this job: Be part of a dynamic team that values innovation and transparency in trading.
- Qualifications: 4+ years in risk or P&L analysis; strong Excel skills; finance-related degree required.
The predicted salary is between 60000 - 80000 £ per year.
Company Description
BHFT is a proprietary algorithmic trading firm. Our team manages the full trading cycle, from software development to creating and coding strategies and algorithms. Our trading operations cover key exchanges and trade across a broad range of asset classes, including equities, equity derivatives, options, commodity futures, and rates futures. We employ a diverse and growing array of algorithmic trading strategies, utilizing both High-Frequency Trading (HFT) and Medium-Frequency Trading (MFT) approaches. Looking ahead, we are expanding into new markets and products. As a dynamic company, we continuously experiment with new markets, tools, and technologies.
We’ve got a team of 200+ professionals, with a strong emphasis on technology—70% are technical specialists in development, infrastructure, testing, and analytics spheres. The remaining part of the team supports our business operations, such as Risks, Compliance, Legal, Operations, and more. Our employees are located all around the world, from the United States to Hong Kong. Although we maintain office spaces, we currently operate as a 100% remote organization. At BHFT, clarity and transparency are at the core of our culture: we value open communication, ensuring that our processes are straightforward.
Job Description
Responsibilities:
- Risk Management Tasks
- Risk System Operation: Run and maintain the firm’s VaR and risk systems daily. Ensure all positions and strategies are accurately captured, priced, and reflected in the risk engine.
- Intraday Limit Monitoring: Monitor trading exposures in real time against the firm’s risk limits (position size, margin, and concentration). Identify and escalate potential breaches promptly.
- Margin Tool Operation: Reconcile daily margin requirements against FCM statements and calls. Run what-if scenarios across exchanges and FCMs to optimize margin usage, reduce capital requirements, and identify efficiencies.
- Stress Testing: Execute daily stress tests and scenario analyses.
- Anomaly Detection & Tool Ownership: Identify and investigate outliers, data issues, or unexpected spikes in VaR or risk metrics. Own the resolution of technical or pricing problems within the risk and margin systems and escalate persistent issues.
- P&L Attribution Tasks
- Produce daily P&L reports broken down by strategy.
- Provide clear attribution and trend analysis (daily, week-to-date, and month-to-date performance).
- Deliver factual explanations of P&L fluctuations, linking results to market events, strategy behaviour, and execution factors.
- Liquidity & Valuation Tasks
- Run the daily liquidity reserve model to assess bid/ask costs for exiting positions.
- Apply liquidity reserves to valuations to produce realistic P&L figures.
- Reporting & Communication
- Prepare and distribute clear daily risk reports to the Head of Risk and senior management, covering VaR, key exposures, margin utilization, and limit status.
- Communicate daily P&L results, attribution details, and performance trends (daily / WTD / MTD) to traders and senior management.
- Explain the impact of liquidity reserves on P&L and present both raw and reserve-adjusted P&L figures.
- Conduct regular reviews with traders on risk positioning, proactively flag elevated risks or limit concerns, and discuss stress test results and margin optimization opportunities.
Qualifications
- Strong proficiency in Value at Risk (VaR) methodologies and risk system management.
- Hands-on experience with futures margining (especially SPAN), FCM reconciliation, and margin optimization tools.
- Practical understanding of futures markets, including spreads and basis trading.
- Solid knowledge of listed options Greeks and equity portfolio risk.
- 4+ years of relevant experience in risk or P&L at a prop trading firm, hedge fund, or futures clearing organization.
- Advanced Excel skills; Python or SQL experience is a plus.
- Bachelor’s degree or higher in Finance, Mathematics, Statistics, Engineering, or a related quantitative field. CFA or FRM is preferred but not required.
Additional Information
What we offer:
- Experience a modern international technology company without the burden of bureaucracy.
- Collaborate with industry-leading professionals, including former employees of Tower, DRW, Broadridge, Credit Suisse, and more.
- Enjoy excellent opportunities for professional growth and self-realisation.
- Work remotely from anywhere in the world with a flexible schedule.
- Receive compensation for health insurance, sports activities, and non-professional training.
Risk / P&L Analyst in London employer: BHFT
Contact Detail:
BHFT Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk / P&L Analyst in London
✨Tip Number 1
Network like a pro! Reach out to professionals in the trading and risk management space on LinkedIn. Join relevant groups and participate in discussions to get your name out there and show off your knowledge.
✨Tip Number 2
Prepare for interviews by brushing up on your VaR methodologies and risk system management skills. Be ready to discuss your hands-on experience with futures margining and how you've tackled challenges in past roles.
✨Tip Number 3
Don’t just apply—engage! When you submit your application through our website, follow up with a friendly email expressing your enthusiasm for the role. It shows initiative and keeps you on their radar.
✨Tip Number 4
Showcase your analytical skills! Prepare examples of how you've produced P&L reports and conducted stress tests in previous positions. Being able to explain your thought process will impress interviewers.
We think you need these skills to ace Risk / P&L Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk / P&L Analyst role. Highlight your experience with VaR methodologies, futures margining, and any relevant tools you've used. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about algorithmic trading and how your background makes you a great fit for our team. Keep it concise but impactful—let us know why we should choose you!
Showcase Your Technical Skills: Don’t forget to mention your technical skills, especially if you have experience with Excel, Python, or SQL. We love candidates who can bring a strong analytical mindset to the table, so make sure to highlight any relevant projects or experiences.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. Plus, it’s super easy to do!
How to prepare for a job interview at BHFT
✨Know Your Risk Metrics
Make sure you brush up on your understanding of Value at Risk (VaR) methodologies and how they apply to the role. Be ready to discuss your hands-on experience with risk systems and how you've managed them in previous positions.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical skills, especially in P&L attribution and trend analysis. Have examples ready that illustrate how you've linked P&L fluctuations to market events or strategy behaviours in your past roles.
✨Familiarise Yourself with Tools
Get comfortable with the tools mentioned in the job description, like margin optimization tools and stress testing methodologies. If you have experience with Python or SQL, be prepared to discuss how you've used these in your work.
✨Communicate Clearly
Since communication is key in this role, practice explaining complex concepts in a straightforward manner. Think about how you would present daily risk reports or P&L results to senior management and traders, ensuring clarity and transparency.