Junior Risk Analyst

Description:

This is an entry level position in the Risk department. The main responsibilities will be to monitor and report counterparty risk exposure that LMAX broker faces in offering its clients leveraged financial instruments both at an individual client level and at an aggregate Broker view.

Main Duties & Responsibilities:

• Monitoring client positions and understanding the impact on the Brokers net exposure
• Executing daily reconciliations, credit risk reporting and senior management reporting
• Developing a comprehensive understanding of the Broker Risk function and contributing to knowledge sharing presentations
• Maintaining operational documentation, including process and procedures, legal agreements, and internal training material
• Monitoring and developing an understanding of market movements in relation to the Brokers net exposure
• Developing and executing multiple credit risk models, including but not limited to stress testing, daily scenario gaps and the impact of changes in VaR on the Brokers capital requirement
• Developing and distributing daily ad-hoc analysis for senior management
• Managing, prioritising, and escalating internal enquiries from within the Broker and across the Group
• Monitoring the Broker’s net exposure and collateral requirements against its Prime Broker limits
• Producing annual and ad-hoc risk assessments for the Brokers credit counterparties
• Working on ad-hoc projects, methodology reviews, risk management documentation, internal back-office systems, and process improvement initiatives
• Engaging in team discussions and actively contributing through offering ideas and solutions to problems
• Monitoring, responding to and escalating internal/external enquiries during the weekend shift
• Performing risk functionality testing on proposed and existing products

Requirements:

Essential Skills / Experience:

• Full professional proficiency in written and verbal English
• Understanding of leveraged financial products and awareness of capital markets
• Proficiency in MS Office applications
• Working knowledge of Excel and VBA
• Undergraduate degree in relevant field of study e.g., Mathematics or Economics
• Excellent written and oral communication skills
• Aptitude to work independently and under pressure
• Strong planning, organisational and time management skills
• Proactive in identifying problems and proposing solutions

Desirable Skills / Experience:

• Familiarity with Python
• Knowledge in financial management reporting
• Postgraduate degree in a relevant field

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