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Python Developer

Alexander Mann Solutions (Contingent)
London, United Kingdom
Closing date
Mar 15, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Our investment banking client has been present in the UK for more than 150 years, they're a long-term partner to British business. Today, the Group is formed of 10 divisions and employs 9,300 staff based in 21 core locations right across the country. Their role is simply stated: help clients achieve their goals by combining local know-how and global reach. In so doing, they seek to make a positive, sustainable contribution to both the UK economy and society.

On behalf of this organisation, AMS are looking for a Python Developer for a 6 month contract based in London (hybrid - 2/3 days in the office).

Purpose of the Role:

The main mission of the Management Information Counterparty Credit Risk (MI CCR) team is to provide General Management, CIB and RISK Function with a global independent view and analysis of key risks, related to counterparty credit risk, supporting optimal decision-making. As such, the team maintains an associated governance framework including métiers, RISK MFI and RISK Corporate comprising recurring committees from Financial Market Risks Committee ("FMRC") to Main Positions meetings. The team also contributes to group-wide internal management information, including the Comité de Contrôle Interne, des Risques et de la Conformité ("CCIRC").

MI CCR is part of RISK - MFI Platform (Markets and Financial Institutions) - MI (Management Information). The team is based in London and maintains a global scope. It interacts closely with other MI teams in London, Paris, Brussels and New York, as well as several RISK MFI teams under Analysis & Decision and Platform stream. The team has also regular interaction with RISK Corporate and Global Markets CCR teams.

Responsibilities of the role:

As a Python Developer you will be responsible for:
  • Contribute to the current new initiatives on counter party credit risk (e.g. Global Counter party Main Position, CCR dashboard development, Collateral Main Position). The individual, under the guidance of a senior team member and in close collaboration with teams from RISK MFI and RISK Corporate, is expected to work on the design and industrialisation of new reports focusing on different types of counter parties as well as on the development of a dashboard displaying key CCR metrics across all activities and locations.
  • Produce CCR metrics and review for coherence, resolving or escalating issues found in the calculations, while working in collaboration with other colleagues in RISK and Metiers. The candidate will analyse and explain metrics such as Current Exposure (CE), Potential Future Exposure (PFE), Credit Valuation Adjustments (CVA), stress tests, initial margin, liquidation cost.
  • Contribute to ad-hoc requests for CCR analysis, whether external (e.g. from Regulators) or internal (e.g. request for focus paper on a specific topic).
  • Support the wider MI team through contributions to various global risk analysis topics.

What we require from the candidate:
  • Python programming skills.
  • The candidate should be self-motivated and able to organize tasks in project mode as well as be able to ensure their timely progress or escalate when required.
  • The candidate will be expected to have a general all-round competence with Microsoft Office Applications.
  • Excellent verbal and written communication skills (English language) are an absolute requirement, due to the need to establish and maintain contacts and information flow with different teams across the bank.
  • Some knowledge and experience in topics such as statistics/econometric, derivatives pricing fundamentals/greeks.

Next steps

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.

This client will only accept workers operating via an Umbrella or PAYE engagement model.

AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business.

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