At a Glance
- Tasks: Develop and enhance counterparty exposure models while collaborating with various teams.
- Company: Leading global banking group with a focus on risk analytics.
- Benefits: Hybrid work model, competitive pay, and opportunities for professional growth.
- Other info: Ideal for hands-on analysts who thrive in dynamic environments.
- Why this job: Join a specialist team and make a real impact in quantitative risk analysis.
- Qualifications: Strong background in Counterparty Credit Risk and Python programming skills required.
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), Expected Exposure (EE), Counterparty Credit Risk methodologies, Derivatives pricing principles, 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 employer: Investigo
Join a leading organisation in the UK energy sector as a PMO Analyst, where you will thrive in a dynamic and supportive work culture that prioritises employee growth and development. With a hybrid working model based in Solihull, you'll benefit from flexible working arrangements, comprehensive training opportunities, and a collaborative environment that encourages innovation and continuous improvement. This role not only offers a chance to contribute to impactful change initiatives but also provides a pathway for career advancement within a well-respected company committed to excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Quant Risk Analyst - CCR - Contract - Inside IR35 - London
✨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 Investigo. 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 Quant Risk Analyst - CCR - Contract - Inside IR35 - London
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 Investigo.
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 Investigo'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 Investigo
✨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 Investigo.
✨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 Investigo 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 Investigo 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.
