Risk Product Engineer - Director

Job Summary

• London
• Permanent
• JN -092023-1947527
• Sep 20, 2023
• Competitive

Job Description
Global data solutions specialist firm seeks a Director level Risk Product Financial Engineer as part of its expanding Risk Analytics function.

The Risk Product Group is actively searching for an experienced Product Director specializing in Data Consensus and Risk, with a deep understanding of the product landscape. In this role, you will become a valuable addition to a rapidly growing, specialized division of that is dedicated to delivering top-tier structuring, valuation, and risk services to our esteemed clientele. We are looking for a candidate with an extensive background in the Consensus service provider realm. Proficiency in custom derivatives term sheets, a strong grasp of industry-standard valuation models, and a comprehensive understanding of prevailing "street practices" for security valuation and portfolio risk analysis are essential qualifications. Experience with financial tools such as Bloomberg, Reuters, Numerix, and other derivative pricing platforms would be a significant advantage. Role Responsibilities

• Collaborate with the Head of Risk Data Products to develop solutions addressing client risk, valuation, and product control needs, in alignment with Go to Market methodology, particularly focusing on the Clear Consensus Product.
• Support the development and enhancement of partnerships and collaborations
• Work in close cooperation with Group Analytics Quantitative and Data Science teams to create top-tier solutions tailored to product and client specifications.
• Assume ownership of the expansion of Clear Consensus, encompassing defining the product and commercial strategy, drafting product requirements, collaborating with development teams and third-party entities to implement necessary developments, conducting testing, outlining the operational model, defining and providing training to operations teams for production tasks, and offering support to customers and sales personnel for product-related inquiries.
• Collaborate closely with other Product Proposition and Implementation specialists to contribute to the design, development, and execution of innovative product ideas.
• Leverage expertise to enhance existing Data and Analytics (D&A) product offerings.
• Demonstrate expertise in cross-asset derivatives and market risk, as it is integral to this role.
• Exhibit a strong grasp of derivatives models, including market conventions, vanilla/exotic options, and market practices associated with bespoke exotic valuation and hedging.
• Proficiency in qualitatively and quantitatively assessing pricing model outputs and making necessary adjustments.
• Display exceptional written and verbal communication skills.
• Articulate ideas clearly in group presentations and when interacting with clients, whether through phone or face-to-face meetings.

Experience / Competences Essential

• Master's degree in a technical area (such as Math, Physics or Engineering), quantitative finance field required. PhD in mathematical finance a plus.
• Cross asset derivatives and market risk experience is essential.
• Demonstrated understanding of derivatives models including market conventions, vanilla/exotic options, and market practices regarding bespoke exotic valuation and hedging.
• Ability to articulate clearly in group presentations and in interactions with clients, via phone or face-to-face.
• Ability to qualitatively and quantitatively assess pricing model output and determine adjustments where necessary

Desired

• Excellent written and verbal communication skills.
• Proficiency with Excel and Word.
• Working knowledge of Excel, VBA, Python. Familiarity with financial libraries ( C++) and mathematical packages such as Matlab a plus.
• Ability to work in a fast-paced, complex and cross-asset environment.
• Ability to work with multiple groups across reporting lines.

Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.

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