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- Tasks: Join our Risk Management team as a Market Risk Business Analyst, tackling market risk across trading activities.
- Company: We are a top recruitment and IT services company partnering with leading financial institutions.
- Benefits: Earn up to £100,000 plus health, dental, and disability insurance, along with paid time off.
- Why this job: Make an impact by developing risk models and collaborating with traders in a dynamic environment.
- Qualifications: Bachelor's or Master's in Computer Science, Mathematics, Finance, or related field; Python proficiency required.
- Other info: Ideal for self-starters who thrive in fast-paced settings and enjoy working with data.
The predicted salary is between 48000 - 72000 £ per year.
Our client is seeking a highly motivated Market Risk Business Analyst to join their growing Risk Management team. In this role, you will play a critical part in identifying, measuring, and reporting market risk across trading activities and investment portfolios. You will leverage your strong analytical and programming skills to build and maintain robust risk models and data pipelines, ensuring the accuracy and efficiency of their risk management framework.
We are looking for a self-starter who can collaborate with other teams and communicate effectively with stakeholders.
Requirements
- Responsibilities
- Partner with traders, portfolio managers, and quantitative analysts to understand market risk exposures and develop risk mitigation strategies.
- Design, develop, and implement quantitative models to assess Value at Risk (VaR), portfolio sensitivities, and other market risk metrics.
- Utilize Python programming language and relevant libraries (Pandas, NumPy, SciPy) to manipulate, analyze, and visualize market data.
- Build and maintain data pipelines for efficient ingestion, transformation, and cleansing of financial data from various sources.
- Conduct back-testing and stress-testing exercises to assess the effectiveness of risk models and identify potential risk scenarios.
- Generate clear and concise reports on market risk exposures, trends, and risk management activities.
- Collaborate with IT teams to ensure smooth functioning and integration of risk management systems with front-office applications.
- Stay abreast of regulatory developments and ensure compliance with relevant market risk capital requirements.
Qualifications
- Bachelor\’s or Master\’s degree in Computer Science, Mathematics, Finance, or a related field.
- Strong understanding of market risk principles and methodologies, including econometrics. Proficiency in Python and relevant libraries (Pandas, NumPy, SciPy).
- Solid understanding of time series analysis techniques and statistical modeling.
- Experience with building and maintaining data pipelines for financial data.
- Excellent communication and collaboration skills.
- Ability to work effectively in a fast-paced, dynamic environment.
- Experience with financial modeling and derivatives pricing.
- Knowledge of SQL and database management systems (preferred).
Benefits
We offer up to 100,000 GBP and a comprehensive benefits package, including health insurance, dental insurance, disability insurance, and paid time off.
About the Company
We are a leading recruitment and IT services company. We collaborate with a global IT services firm to find a suitable candidate to join a passionate team dedicated to connecting top IT talent with leading financial institutions. We partner with Fortune 500 banks and IT firms, leveraging our industry expertise to identify the most sought-after positions for highly skilled candidates.
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Market Risk Business Analyst employer: Pran IT Consulting
Contact Detail:
Pran IT Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Market Risk Business Analyst
✨Tip Number 1
Familiarise yourself with the latest market risk methodologies and tools. Understanding concepts like Value at Risk (VaR) and stress testing will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your Python skills, especially with libraries like Pandas, NumPy, and SciPy. Being able to showcase your programming abilities during discussions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the finance and risk management sectors. Engaging with industry experts can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.
✨Tip Number 4
Stay updated on regulatory changes affecting market risk. Demonstrating your knowledge of compliance requirements during interviews shows that you are proactive and well-informed about the industry's landscape.
We think you need these skills to ace Market Risk Business Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Market Risk Business Analyst role. Emphasise your analytical skills, programming expertise in Python, and any experience with risk management frameworks.
Craft a Compelling Cover Letter: Write a cover letter that showcases your motivation for applying and how your background fits the job description. Mention specific projects or experiences where you developed risk models or worked with financial data.
Highlight Technical Skills: Clearly outline your proficiency in Python and relevant libraries like Pandas, NumPy, and SciPy. If you have experience with SQL or database management systems, be sure to include that as well.
Showcase Collaboration Experience: Provide examples of how you've successfully collaborated with teams or stakeholders in previous roles. This is crucial for demonstrating your ability to work effectively in a dynamic environment.
How to prepare for a job interview at Pran IT Consulting
✨Understand Market Risk Fundamentals
Before the interview, make sure you have a solid grasp of market risk principles and methodologies. Be prepared to discuss concepts like Value at Risk (VaR) and how they apply to trading activities and investment portfolios.
✨Showcase Your Technical Skills
Since the role requires proficiency in Python and relevant libraries, be ready to demonstrate your programming skills. You might be asked to solve a problem or explain how you've used these tools in past projects.
✨Prepare for Scenario-Based Questions
Expect questions that assess your ability to handle real-world market risk scenarios. Think about how you would approach back-testing or stress-testing exercises and be ready to articulate your thought process.
✨Emphasise Collaboration and Communication
This role involves working closely with traders, portfolio managers, and IT teams. Highlight your experience in collaborative environments and provide examples of how you've effectively communicated complex information to stakeholders.
