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For Companies At a Glance
- Tasks: Lead climate risk modelling for trading books, ensuring compliance and developing methodologies.
- Company: Join a leading financial institution focused on integrating climate risk into market strategies.
- Benefits: Enjoy a competitive salary, bonuses, hybrid work options, and comprehensive benefits.
- Why this job: Make a real impact in climate risk management while working in a dynamic, innovative environment.
- Qualifications: Strong quantitative skills in maths or related fields; experience in climate science and market risk modelling required.
- Other info: Opportunity to engage with regulators and senior stakeholders, enhancing your professional network.
The predicted salary is between 72000 - 102400 £ per year.
A permanent position based in London (Hybrid) with a salary range of £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, and 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
Contact Detail:
ETRA Talent Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Quantitative Analyst Climate Risk in Trading Book
✨Tip Number 1
Network with professionals in the climate risk and trading sectors. Attend industry conferences or webinars to meet potential colleagues and learn about the latest trends in climate risk modeling.
✨Tip Number 2
Familiarise yourself with the latest regulatory frameworks like Basel III/IV and TCFD. Understanding these regulations will help you demonstrate your knowledge during interviews and show that you're up-to-date with industry standards.
✨Tip Number 3
Prepare to discuss your experience with model development and validation. Be ready to share specific examples of how you've integrated climate risk into market risk models, as this will be crucial for the role.
✨Tip Number 4
Practice explaining complex quantitative concepts in simple terms. This skill is essential for engaging with non-technical stakeholders, so consider role-playing scenarios where you need to communicate your findings clearly.
We think you need these skills to ace Senior Quantitative Analyst Climate Risk in Trading Book
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your quantitative skills and experience in climate risk modeling. Emphasise relevant projects or roles that demonstrate your expertise in market risk frameworks like VaR and Stressed VaR.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about climate risk and how your background aligns with the role. Mention specific experiences that showcase your ability to manage model development projects and engage with stakeholders.
Showcase Technical Skills: Clearly outline your programming skills, particularly in Python, and any experience with climate science modeling. Provide examples of how you've used these skills in previous roles to enhance market risk models.
Prepare for Interviews: Be ready to discuss your understanding of climate risk integration into market risk management. Prepare to explain complex concepts in simple terms, as you may need to communicate with non-technical audiences during the interview process.
How to prepare for a job interview at ETRA Talent
✨Showcase Your Technical Expertise
Be prepared to discuss your quantitative background in detail. Highlight your experience with climate science modeling and market risk frameworks like VaR and IRC. Use specific examples from your past work to demonstrate your skills.
✨Communicate Clearly
Since the role involves translating complex models into insights for non-technical audiences, practice explaining your work in simple terms. Think about how you would present your findings to regulators or senior stakeholders.
✨Demonstrate Project Management Skills
Discuss any previous experience managing model development projects. Be ready to explain how you coordinated with different teams and ensured compliance with global standards, as this is a key responsibility of the role.
✨Prepare for Regulatory Discussions
Familiarise yourself with relevant regulatory frameworks like Basel III/IV and TCFD. Be ready to discuss how your work aligns with these regulations and how you would approach regulatory communication regarding climate risk models.
