Analyst, Risk Management

Job Purpose

With approximately 5 million contracts cleared every day across multiple asset classes, ICE Clear Europe (ICEU) is one of the worlds most diverse and leading clearing houses. As a clearing house, ICEU performs a critical role in ensuring market stability specially through periods of volatility and increased uncertainty. It provides central counterparty clearing and risk management services for global energy, interest rate, equity index, and agricultural derivatives.

The Clearing Risk Department of ICEU is at the forefront of managing the risk across these global markets and is the business risk (or first line risk) management function. The department is responsible for management of Market Risk, Model Risk, Collateral Risk, Stress Testing, Default Management Risk. To this end the team is responsible for developing and maintaining quantitative models to estimate risks including under extreme stress market conditions. The team is client and clearing member facing covering risks across all time zones.

ICE Clear Europes Clearing Risk Department (CRD) is looking for a front office risk analyst. The successful candidate will assist the senior risk managers in overseeing and shaping the risk management practice at one of the largest futures and options clearing houses in the world. You will be joining a very dynamic team, be exposed to a wide range of asset classes and be challenged with complex risk problems. You will be responsible for carrying out all aspects of the day-to-day risk management duties and assist in developing and implementing enhancements to the risk management tools, and processes. You will also participate in the design and implementation of new risk initiatives and products that benefit the business.

Responsibilities

• Analyze and monitor market and collateral risks on real-time basis and appropriately escalate any risk concerns
• Build and maintain risk management reports to support day to day risk management, and management reporting for various ICE Clear Europe Boards and Committees.
• Ensure the risk management framework and risk policies are being adhered to and are consistent with regulatory and industry standards
• Assist with identifying areas where the risk management processes, or infrastructure can be improved
• Enhance documentation of risk processes and procedures
• Assist with internal and external communication including, inter alia, representatives from clearing members, ICE management and regulators
• Collaborate with a group of colleagues on various strategic projects
• Conduct project work and run thematic or ad-hoc market research on relevant risk topics

Knowledge and Experience

• Degree in Business, Science, Economics, Engineering, or a related numerical discipline
• Attention to detail and strong problem-solving skills with the ability to balance trade-offs
• Prior experience in risk management as a risk analyst or relevant professional experience (at an investment bank, hedge fund or clearing house) will be an advantage.
• Strong knowledge in financial derivatives products in multiple asset classes preferred
• Prior experience in applying risk management models and techniques such as Value at Risk models, Liquidity Risk models, backtesting and stress testing models will be an advantage.
• Ability to be a team player and to collaborate with other teams
• Ability to conduct research, analyze problems, formulate and implement solutions in an efficient, effective, and independent manner
• Excellent written and verbal communication skills
• Experience with SQL and Python preferred
• Experience with BI tools such as Tableau is desirable
• Any progress towards CFA or FRM would be advantageous