At a Glance
- Tasks: Validate financial risk models and enhance risk management frameworks.
- Company: Join the LME, a global leader in industrial metals trading.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Other info: Dynamic team environment with a commitment to diversity and inclusion.
- Why this job: Make an impact in financial risk management at a prestigious organisation.
- Qualifications: Degree in a quantitative field; programming skills in Python and SQL required.
The predicted salary is between 49500 - 60500 £ per year.
Shift Pattern Standard 40 Hour Week (United Kingdom)
Scheduled Weekly Hours 40
Corporate Grade D - Assistant Vice President
Reporting Line (UK Division) Risk - 2nd Line
Location UK-London
Worker Type Permanent
Overall Purpose of Role
The Financial Risk team provides second line oversight and challenge on LME Clears financial risks (market, credit, liquidity and model risk) to ensure that these risks are managed in line with risk appetite, policy and regulation. The purpose of the role is to validate the models and methodologies used to manage financial risk and assist with enhancing and embedding the model risk management framework throughout the organisation.
Responsibilities
- Independent validation of a wide range of risk and pricing models.
- Development of benchmark / challenger models and maintenance of second line risk model library.
- Development and monitoring of model performance tests.
- Manage model risk governance process and associated reporting.
- Author technical validation reports, committee briefing papers and periodic senior management reports.
Academic and Professional Qualifications Required
- Degree in a quantitative discipline - Masters or PhD would be a plus.
- Professional risk qualification (or studying towards) would be beneficial (e.g. FRM).
Skills set and Core Competencies Required for Role
- Professional programming experience with Python and SQL, other languages a plus.
- Experience with business intelligence tools (Power BI).
- Strong qualitative and quantitative analytical skills.
- Strong verbal and written communication skills.
- Familiarity and knowledge of the regulatory environment surrounding Model Risk Management and/or Clearing.
The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.
Quantitative Analyst employer: London Metal Exchange
The LME is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. With a strong commitment to employee growth, we provide opportunities for professional development and encourage a culture of diversity and inclusion, ensuring that every voice is heard. Our focus on market data governance not only enhances your analytical skills but also allows you to contribute meaningfully to the financial markets, making your work both rewarding and impactful.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative 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.
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Don’t shy away from reaching out directly to firms like London Metal Exchange. 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 Quantitative 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 London Metal Exchange.
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Research and Reflect:Before hitting that 'apply' button on London Metal Exchange'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 London Metal Exchange
✨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 London Metal Exchange.
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✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former London Metal Exchange 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.
