Financial & Market Risk Analyst

The Team

Man's Group Financial Risk team is responsible for managing all aspects of credit, market, liquidity and business risk that relate to Man Group and its Balance Sheet (as distinct from the risks faced by investors in the products managed by Man). It is part of the wider Group Risk team that includes the second line Operational Risk function.

Key Activities of the Financial Risk Team

• Identification and measurement of all financial, liquidity and business risk to the investment engine funds (AHL, Numeric, GLG, FRM and GPM)
• Seed book and Defined Benefit Pension performance and market risk monitoring and analysis
• Counterparty risk monitoring, oversight and analysis
• Economic Capital Calculations and regulatory reporting (e.g. the ICARA) including development and maintenance of models
• Maintain firm-wide risk governance and appetite framework including the methodologies, systems and policies in support of this

The Role and Responsibilities

• Assist the Group Risk team and Chief Financial Officer with ongoing projects and needs. You will be encouraged to take full ownership of projects and tasks, creatively solving problems and work collaboratively with other teams including investment risk, alpha technology and finance.
• Monthly capital calculations for Market, Credit, Operational and Business risks - interpret results and explain changes. Ongoing maintenance and development of quantitative models.
• Monitor Investment Book positions (and hedges) and aggregate exposures. Modelling of new seeding, risk retention and active risk-taking positions to appropriately capture the volatility, tail risks and correlations.
• Monitor counterparties to which the firm is exposed - deep investigation of new names or where concerns arise about an existing name.
• Generate and develop risk reports + dashboards for senior management and the board - an important mechanism for them to express a risk appetite for the firm.

Skills and Attributes

Essential:

• Demonstrate an interest and understanding of financial markets and basic risk and financial modelling concepts such as option pricing, Value at Risk, Monte Carlo simulations, fat-tailed distributions and correlations.
• Strong academic record - degree educated in a highly numerate subject. 1st class or upper 2nd (or equivalents) achieved.
• Problem solving, independent thinking + learning and collaborative working.
• Write and communicate in a clear, concise and 'audience-appropriate' manner
• IT skills: advanced Excel + VBA, proficient in Python

Advantageous:

• Exposure to financial models like Normal/Log Normal/Multivariate/Mean Reverting
• Working knowledge of pricing and risk measurement techniques e.g. Black-Scholes, Tree pricing, Monte Carlo
• Understanding of basic hedge fund strategies and asset management
• Understanding of economic capital and of the regulatory capital framework
• Understanding of accounting and financial reporting