At a Glance
- Tasks: Manage risk systems, monitor trading exposures, and conduct stress tests.
- Company: BHFT, a cutting-edge algorithmic trading firm with a global team.
- Benefits: Remote work, flexible schedule, health insurance, and professional growth opportunities.
- Other info: Collaborate with industry leaders and enjoy a modern work environment.
- Why this job: Join a dynamic team and make an impact in the fast-paced trading world.
- Qualifications: Experience in risk management and strong analytical skills required.
The predicted salary is between 50000 - 70000 £ 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. The firm trades across a broad range of asset classes, including equities, equity derivatives, options, commodity futures, rates futures, etc. 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.
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 elevate persistent issues.
- P&L Awareness
- Maintain a working understanding of daily P&L by strategy to contextualize risk exposures and identify unusual risk/return relationships.
- Review P&L attribution outputs produced by the P&L Analyst to validate consistency with observed position changes and market moves.
- Flag P&L anomalies or discrepancies that may indicate data, pricing, or position capture issues in the risk system.
- 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 senior management, covering VaR, key exposures, margin utilization, and limit status.
- 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.
- Familiarity with P&L attribution concepts and how they relate to risk monitoring.
- 2‑5 years of relevant experience in risk 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-realization. Work remotely from anywhere in the world with a flexible schedule. Receive compensation for health insurance, sports activities, and non-professional training.
Risk Analyst employer: BHFT
At BHFT, we pride ourselves on being a forward-thinking algorithmic trading firm that champions innovation and transparency. Our remote-first culture allows you to work flexibly from anywhere in the world while collaborating with top-tier professionals in the industry. With a strong emphasis on employee growth, we offer excellent opportunities for professional development, alongside comprehensive benefits including health insurance and support for personal training pursuits.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like BHFT. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Risk Analyst
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to BHFT.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on BHFT's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at BHFT
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with BHFT.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at BHFT will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former BHFT employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
