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:
- 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
- Monitoring client positions and understanding the impact on the Brokers net exposure
- Executing daily reconciliations, credit risk reporting and senior management reporting
- Developing and distributing daily ad-hoc analysis for senior management
- Managing, prioritising, and escalating internal enquiries from within the Broker and across the Group
- Maintaining operational documentation, including process and procedures, legal agreements, and internal training material
- Developing a comprehensive understanding of the Broker Risk function and contributing to knowledge sharing presentations
- Monitoring and developing an understanding of market movements in relation to the Brokers net exposure
- 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:
Professional working proficiency in written and verbal Chinese
Basic understanding of reading and writing Python
Knowledge in financial management reporting
Postgraduate degree in a relevant field (MSc or PhD)