Quantitative Developer (London, GB)

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Review of the Quantitative Developer Role in Risk Management – London

This review provides an in-depth look at the Quantitative Developer position within the Risk Management department, specifically the Quantitative Risk Analytics (QRA) team, based in London. This role offers a compelling opportunity for experienced quantitative professionals to make a significant impact within a dynamic financial institution.

The Opportunity: What Makes This Role Stand Out?

The core of this position lies in its comprehensive engagement with critical risk areas: credit, liquidity, and market risk. For professionals with a strong quantitative background, this role presents a chance to:

• Deepen Expertise in Core Risk Domains: You will be involved in all facets of risk management, from methodology development and implementation to monitoring and analysis for a wide array of financial instruments. This includes hands-on experience with Economic Capital and stress testing frameworks.
• Influence Strategic Decision-Making: As a key contributor to the QRA function, you will provide crucial analytical support and expert guidance to senior management, directly informing operational and strategic decisions related to risk.
• Shape Risk Analytics and Methodologies: The role involves actively participating in projects focused on enhancing risk methodologies, controls, and processes. You will contribute to maintaining and improving the in-house developed Quantitative Risk Engine (QRE), a critical component of the bank's risk infrastructure.
• Drive Technological Advancement in Risk: A significant aspect of the role is ensuring the risk management system remains robust and aligned with evolving business needs. This involves leveraging modern design and technologies to implement changes and ensuring a diligent testing and reporting environment.
• Impactful Reporting: You will contribute to the production of substantial periodic risk management reports for the Board of Directors, offering a high-visibility platform for your analytical contributions.
• Diverse Exposure: The role provides exposure to various aspects of risk, including credit risk advisory, economic capital estimation, market risk monitoring, and liquidity risk measurement, catering to a broad range of quantitative interests.

Key Considerations for Candidates: Navigating Your Career Path

To thrive in this role and maximize its career development potential, candidates should consider the following:

• Required Skillset: A strong foundation in quantitative finance, mathematics, or sciences is essential, evidenced by an MSc. You'll need demonstrable expertise in financial modelling, statistics, and econometrics. Practical experience implementing risk measurement methodologies across credit, liquidity, and market risk is crucial.
• Instrument and Market Knowledge: A thorough understanding of major capital markets instruments across various asset classes is a significant advantage. Familiarity with industry best practices and current regulations in risk management will be highly valued.
• Technical Proficiency: Proficiency in at least one programming language, such as Python or C++, is a must. Knowledge of tools like ActiveViam (aoti) and/or Summit, along with experience with SQL and databases, would be considered a strong asset.
• Collaboration and Communication: The role demands excellent communication skills to effectively liaunt with diverse stakeholders, including IT, Finance, Treasury, Banking, senior management, and portfolio managers. The ability to articulate complex quantitative concepts clearly is paramount.
• Problem-Solving and Adaptability: A proactive, problem-solving attitude is key. You should be adept at identifying solutions, overcoming obstacles, and working effectively under pressure and to tight deadlines.
• Career Development Within the EBRD: Working at the European Bank for Reconstruction and Development (EBRD) offers a unique experience within a pioneering and diverse international organization. The environment fosters engaging work, interaction with a wide range of experts, and the opportunity to make a real difference. The bank's commitment to inclusion, diversity, sustainability, and digital transformation provides a supportive and forward-thinking workplace.

This Quantitative Developer position offers a robust platform for experienced professionals to significantly contribute to a critical function within a respected financial institution. By understanding the scope of responsibilities and the required competencies, candidates can effectively assess their fit and strategize for a successful application and career progression.