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Market Risk Analyst - Rates £45-55k basic + 5% cash allowance

Entry-level at Taylor Root

Market Risk Analyst - Rates £45-55k basic + 5% cash allowance

Entry-level at Taylor Root

  • LocationLondon, UK
  • Position levelEntry-level
  • Job period iconFull-time employment
  • Application deadline iconPosted on 12 Sep, 2018
  • Start date iconStart date:
  • Visa iconVisa Sponsor
  • CompetitiveCompetitive
My client, a top tier financial institution is looking for a Market Risk Analyst to join their Interest Rate team based in London.
Responsibilities:
* Assist in the day-to-day risk management of interest rate products, primarily interest rate swaps and futures.
* Involved in enhancing of the existing risk management framework and processes including developing in-house tools
* Involvement in the setting of margin rates
* Risk assessment of new and existing products (including user acceptance testing)
* Liaison externally with members and internally with other departments
* Ensuring timely and accurate production of all management information relating to the risks in the Rates service
* Understanding of the detailed calculations which underpin the risk policies applied to the service; including the assumptions inherent within the initial margin algorithm and the curve building methodologies.
* Produce regular reporting to identify exceptional positions; recommending further action as appropriate including liaising and requesting further information from member firms.
* Analysing and highlighting changes to the risk profile within the service to internal and external stakeholders of the business
* Execute and ensure receipt of all margin calls made by the Rates Derivatives Risk team
* Responsible for building interest rate yield curves, validating futures settlement prices and good system knowledge of sources used to build curves (Bloomberg & Reuters).
* Understanding of discounting, implied forward curves and NPV's (knowledge of how swaps are valued) and experience quantifying P&L by attribution
* Accurately update static data within the curve construction process and ensure all non daily processes (including futures rolls) are performed
Requirements:
* Degree (or equivalent) or above of an economic or mathematical bias;
* Experience in a risk management environment within an investment bank or similar;
* Specific knowledge of OTC and exchange-traded interest rate products
* Strong analytical, numerical and problem solving skills, with good attention to detail;
* Advanced numerical competency (advanced Excel user and/or VBA Macros);
* Ability to manage workload and priorities for themselves and demonstrates ability to work to deadlines;
* Good communication skills, both oral and written;
* Self-motivated and willing to develop own opinions and to convey these to contribute to the overall development of the risk management department.
* Prepared to accept a steep learning curve;
* Self starter;
* Highly motivated;
* Ability to work alone or as part of a team
Please sent your CV to [Email address removed]
Please note our advertisements use PQE/salary levels purely as a guide. However we are happy to consider applications from all candidates who are able to demonstrate the skills necessary to fulfil the role.

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