Market Risk Python Developer

Request Technology - Chicago, IL

Full-time - Mid Level

Chicago, IL

Administrative and Support Services

About the position

The Market Risk Python Developer role at a prestigious financial institution involves performing a variety of risk management activities to support clearing and settlement services. The candidate will focus on monitoring Clearing Member accounts for excessive risk, particularly in intraday risk management, and will assist team leaders in problem-solving and proposing new controls and process improvements.

Responsibilities

• Analyze market risk exposures for products and accounts cleared including equities, futures, index and equity options, options on futures and government securities.
• Develop tools and reports using large data sets to assist with financial risk analysis and reporting.
• Conduct ad-hoc data analysis for senior management during critical market events.
• Monitor current financial market conditions including corporate earnings and key economic announcements to assess the potential impact on the Clearing Member portfolios.
• Monitor clearing members' trading positions and collateral for sensitivities to various risk factors using market risk methodologies including Monte Carlo and Stress Testing.
• Assist the Market Risk Team with proposing, developing and specifying requirements for a best-in-class intraday market risk system along with a suite of proprietary technological tools.
• Work collaboratively with other functions including the Quantitative Risk Management team and various IT teams.

Requirements

• Proficient understanding of statistical concepts, derivatives pricing, securities markets and options trading strategies.
• Intermediate Microsoft Excel skills in addition to familiarity with Python scripting and Database technologies.
• Strong interpersonal, organizational, problem-solving, and time-management skills.
• Ability to work independently in a fast-paced, dynamic environment.
• Must be able to work under deadlines and manage multiple initiatives and tasks.
• 2+ years current Python scripting and Database experience.
• Experience with Python libraries such as Pandas and NumPy and version control systems (e.g. Git) preferred.
• SQL experience including knowledge of subqueries, CTEs, windows functions, partitions, advanced join commands, and using grouping and aggregate functions.
• Experience with Bloomberg API preferred.
• Bachelor's Degree in Finance, Economics, Risk Management, Statistics, Computer Science or related field.
• Two or more years of experience in capital markets, back-office operations, risk management or technical field.

Nice-to-haves

• Experience with Bloomberg API preferred.

Benefits

• Bonus eligibility