At a Glance
- Tasks: Develop and enhance counterparty credit risk models while collaborating with various teams.
- Company: Join a leading global banking group with a strong focus on innovation.
- Benefits: Hybrid work model, competitive pay, and opportunities for professional growth.
- Other info: Ideal for hands-on analysts looking to own models throughout their lifecycle.
- Why this job: Make a real impact in risk analytics and work with cutting-edge methodologies.
- Qualifications: Strong background in quantitative risk and programming skills in Python.
The predicted salary is between 59400 - 72600 £ per year.
- Contract Quantitative Analyst - Counterparty Credit Risk (CCR)
- London | Hybrid (3 Days Office) | Contract
A leading global banking group is seeking a Contract Quantitative Analyst to join its Risk Analytics function, supporting the development and enhancement of Counterparty Credit Risk methodologies across a broad range of asset classes.
This is a highly visible role sitting within a specialist quantitative team responsible for exposure modelling, model performance, governance and strategic risk analytics initiatives.
The successful candidate will work closely with Risk, Front Office, Technology and Model Validation teams.
Responsibilities
- Develop, maintain and enhance counterparty exposure models.
- Support methodologies covering Potential Future Exposure (PFE), Expected Exposure (EE) and Stressed Exposure measures.
- Perform model calibration, testing, performance analysis and backtesting.
- Investigate model issues and implement enhancements to improve robustness and accuracy.
- Support new product onboarding into the risk framework.
- Work with technology teams on model and system implementation changes.
- Address model validation findings and regulatory requirements.
- Prepare management reporting and contribute to governance forums.
- Support business stakeholders with quantitative analysis and exposure-related investigations.
- Contribute to strategic risk and modelling projects across the wider Risk function.
- Required Experience
- Strong background in Counterparty Credit Risk, Exposure Modelling, x VA, Quantitative Risk or Model Validation.
- Experience working within investment banking or capital markets environments.
- Strong understanding of: Potential Future Exposure (PFE)
- Strong understanding of: Expected Exposure (EE)
- Strong understanding of: Counterparty Credit Risk methodologies
- Strong understanding of: Derivatives pricing principles
- Strong understanding of: Quantitative risk modelling techniques
- Experience with Monte Carlo simulation frameworks.
- Strong Python programming skills.
- Excellent understanding of probability, statistics and stochastic processes.
- Ability to explain model design, assumptions, calibration approaches and limitations in detail.
- Preferred Experience
- Initial Margin or SIMM modelling.
- Securities Financing Transactions (SFTs).
- Exposure modelling across Rates, FX, Credit, Inflation or Equities.
- Knowledge of C++ or C#.
- Advanced quantitative qualifications (MSc, Ph D, CQF, FRM or similar).
- Candidate Profile
This opportunity would suit a hands-on quantitative analyst who enjoys owning models throughout their lifecycle, from development and calibration through validation, governance and ongoing enhancement.
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Quant Risk Analyst - CCR - Contract - Inside IR35 - London - Investigo employer: eFinancialCareers
As a leading global asset manager based in London, we pride ourselves on fostering a dynamic and inclusive work culture that values innovation and collaboration. Our employees benefit from comprehensive professional development opportunities, competitive compensation packages, and the chance to work with cutting-edge AI tools that enhance their skills and productivity. Join us to be part of a team that not only drives success but also prioritises employee well-being and growth in a vibrant city.
StudySmarter Expert Advice🤫
We think this is how you could land Quant Risk Analyst - CCR - Contract - Inside IR35 - London - Investigo
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like eFinancialCareers.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like eFinancialCareers might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Quant Risk Analyst - CCR - Contract - Inside IR35 - London - Investigo
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at eFinancialCareers will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at eFinancialCareers. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give eFinancialCareers confidence in your short-term commitment to the role.
How to prepare for a job interview at eFinancialCareers
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with eFinancialCareers.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure eFinancialCareers that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
