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| Job Mode : | Permanent Job |
| Published On : | 2010-03-10 |
| Last Application Date : | 0 days remaining (2010-05-28) |
| Category : | Banking (Credit/Risk Management) |
| Pay Rate : | Maximum £110,000 plus Car allowance, bonus and benefits |
| Location : | Canary Wharf, Docklands, East London, London |
| City : | London |
| Country : | UK |
| Job Posted By: | Parham Consulting |
| Jobs Publisher's Website: |
www.parhamconsulting.com |
Job Description
THE COMPANY AND SITUATION OVERVIEW:
One of the biggest names in the world of professional services has launched a modelling team producing a unique service offering for which there is currently no equivalent in existence. This consists of advisory services relating to Credit Portfolio Modelling and Credit Portfolio Management for the financial sector. For this role they require an individual with significant knowledge of Credit Portfolio Modelling to manage a team of quantitative analysts and advisors.
EXPERIENCE REQUIRED:
The following experience and attributes are essential for this role:
• A first class degree in a quantitative subject such as applied mathematics, engineering, physics or a related discipline (regrettably, accounting & finance or economics degrees are not suitable)
• Post-graduate qualifications (MSc or PhD)
• Significant knowledge of Credit Portfolio Modelling gained from a major financial institution.
• Extensive knowledge of credit models as used within loan, derivative and credit derivative portfolios
• Knowledge of advanced modelling techniques such as saddle-point methods, ensemble theory, inverse-Fourier transforms, characteristic functions, asymptotic methods etc.
• Thorough knowledge and experience of Monte Carlo techniques including accelerated methods.
• Evidence of published articles or new thought leadership
Please note the above experience is essential: You require all of the above to be eligible for this role.
Desirable, but not essential, are any of the following:
• Experience in Economic Capital, Value-at-Risk, Credit derivative pricing, mark-to-market, stress testing, correlation modelling, portfolio optimisation, risk contributions etc.
• Knowledge of KMV Portfolio Manager and rating agency models, Knowledge of C++, STL and Numerical Algorithms Group (NAG) Libraries.
THE ROLE:
This team focuses on two main areas: Credit Portfolio Management and Credit Portfolio Modelling. This role is essentially a mix of Consulting, Management and Business Development. You would be managing a team of quantitative analysts and advisors, but also assisting with the delivery of client engagements, delivering cutting-edge models and providing bespoke advice on credit portfolio risk assessment, credit portfolio management and improved credit portfolio modelling to a range of financial institutions globally. You would also assist with proposals and developing or identifying sales opportunities.
THE OPPORTUNITY:
Partner! No, seriously! This is a unique offering in cutting-edge technologies for which there is no equivalent or competition elsewhere. Consequently, the team have been hugely successful so far, are now the most successful team in their group and are experiencing a huge demand for their services, hence their need for more staff. If you contribute to their success, the team will need to continue to grow quickly and expand globally. Consequently, the prospects are to step up to Director and then Partner in relatively quick succession. There is no “glass ceiling†here and nothing preventing there being multiple partners in the one team.
