Junior Risk Analyst

4 weeks ago


London, United Kingdom Insight Full time

Junior Risk Analyst

Salary - £80,000 - £90,000

The role will be part of the Global Risk Team which is based in London and throughout Europe. As the team is global the role may involve some travel as required.

Key Responsibilities:

- Daily position management by working closely with IT and business teams to ensure that the market risk reports reflect the correct position.
- Risk reporting and presentations for weekly and monthly Risk Committees
- Risk data base management
- Assist the Head of Risk on several ad hoc projects (for example: VAR calculation, data centralisation, defining new risk metrics, scorecard definition, stress tests, etc)
- Development of reports using Qlik and Lacima data
- Streamline operational processes to improve efficiency
- Assist in reviewing market risk, credit files, country risks,etc
- Helping to prepare training materials on compliance and risks
- Automation of risk reports and putting in place risk processes to streamline the daily risk report generation; putting in place a position quality indicator.
- Development of scenario analysis, stress testing and liquidity risk models in line with market price movements and business strategy.
- Generation of trading P&L and back testing with VaR; explaining deviations in P&L with VaR.
- Providing value added risk reports for business and management.
- Explaining the drivers of the market risk VaR.
- Documentation of the logic and assumptions used in risk reports and risk models.
- Overseeing the preparation of risk reports for the Risk committees and the Board; preparing the minutes of the Risk meetings and assisting in the follow up on action points.

Skills & Experience
- Degree in business management / financial engineering.
- 4 - 8 years’ of experience in market risk.
- Quantitative analysis knowledge or skills would be an advantage
- Highly numerical with ideally some experience of databases, modelling or Risk work through study or work experience
- Strong IT skills (SQL, Excel VBA, Python and R)
- Knowledge of Qlik, Power BI and Lacima are desirable
- Comfortable working in unstructured environments and communicating with the front office desk.
- Excellent communication skills
- Fluent English speaker - additional languages would be an advantage (French, Spanish, Portuguese)



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