Senior Quantitative Analyst, Clearing Risk

When you join ASX, you’re joining a company with a strong purpose – to power a stronger economic future by enabling a fair and dynamic marketplace for all.

In your new role, you’ll be part of a leading global securities exchange with a strong brand. We are known for being a trusted market operator and an exciting data hub. 

Want to know why we are a great place to work, click on the link to learn more.

www.asx.com.au/about/careers/a-great-place-to-work

The ASX team brings together talented people from a diverse range of disciplines. 

We run critical market infrastructure, with 1 in 3 people employed within technology.  Yet we have a unique complexity of roles across a range of disciplines such as operations, program delivery, financial products, investor engagement, risk and compliance.

We’re proud of the diversity of our organisation and the culture of inclusion that all our people help to build every day. Our employee-led groups are known for celebrating cultural and religious events, championing LGBTIQ+ inclusion (recently achieving AWEI Bronze), inspiring giving and volunteering, promoting gender equality, and wellbeing.  We are an Employer of Choice for Gender Equality (WGEA) and a member of the Champions of Change Coalition for the advancement of gender equality in Australia. 

About the team:

The purpose of this role is develop quantitative methodologies to enable new products within ASX’s clearing house risk management framework. The role will collaborative closely with the Markets and Risk Management teams to develop risk models to support new product offerings.
The ASX has an exciting opportunity for a highly skilled and experienced Quantitative Analyst to join the Clearing Risk Quantitative Modelling Team in a senior role to help develop quantitative risk methodologies across all ASX products, with a particular focus on new product initiatives.

The team is responsible for quantifying and evaluating the risks faced by ASX through research, development and validation of the models used by ASX for pricing and risk management. This role will require strong technical abilities, problem solving, stakeholder management and communication skills. The successful candidate will need to be able to identify issues, propose solutions and discuss complex concepts with a broad range of stakeholders. In particular, the ability to represent quantitative models in a clear and simple form that can be understood by stakeholders from business and technology is essential.

What you will be doing:

The Markets team within ASX is planning to launch a number of new products, targeting specific customer needs in the market. This role is for a senior quantitative analyst with extensive experience within a market risk function, to develop and document the quantitative methodologies required to support the role-out of new products in a timely manner. The successful candidate will be responsible for:

• Developing stress testing and margin methodologies for new products and initiatives.

• Contributing to the back-testing methodology and framework.

• Developing/contributing to various other quantitative methodology initiatives.

• Mentoring and guiding junior members of the team and ensuring their work is delivered on time to a high standard.

• Ensuring any new models or changes to existing models are documented to a high standard and follow the appropriate governance processes.

This role will involve significant interaction with internal stakeholders, including Credit Risk Policy, Market Risk Oversight and Markets. Therefore, the successful candidate will need to be both technically proficient and an effective communicator. The ability to understand and meet stakeholder needs, a willingness to receive and implement stakeholder feedback, and adhere to deadlines is essential.

What you will bring:

Must have

• At least 7 years’ experience as a market risk quantitative analyst in a clearing house, banking, finance or related environment.

• Tertiary Qualifications in a quantitative discipline (mathematics, statistics, engineering, quantitative finance, etc.).

• Deep knowledge of exchange traded and OTC products, derivatives pricing, and market data and conventions.

• Demonstrated ability to design pragmatic solutions to complex financial problems.

• Advanced statistical analysis and modelling skills.

• Demonstrated experience in R and/or Python, working with large datasets.

• Excellent communication skills, technical documentation skills and ability to work independently.

• Strong commercial acumen.

• Demonstrated experience collaborating effectively with a broad range of internal and external stakeholders within and across different functional teams, in particular engagement with senior management and regulators.

• An ability to explain technical subjects to non-experts both verbally and in writing.

• Curiosity and strong problem-solving skills, being self-motivated, highly resourceful and receptive to constructive feedback.

• Collaborative team focus and willingness to own problems and their solutions.

• Focus on the quality of the outcome and continuous improvement, attention to detail and ability to deliver to deadlines, ability to span several streams of work at the same time.

Nice to have

• Experience in Central Counterparty Clearing Risk.

• Broad understanding of the RBA’s Financial Stability Standards (FSS) for Central Counterparties.

• Experience with designing, building, testing and deploying code into production.

• Experience working in an Agile environment.

• Familiarity with Confluence and JIRA.

We make hiring decisions based on your skills, capabilities and experience, and how you’ll help us to live our values. We encourage you to apply even if you don’t meet all the criteria of this role. If you need any adjustments during the application or interview process to help you present your best self, please let us know.

At ASX Group, our diverse workforce is essential to build and maintain a fair and dynamic marketplace. We support flexible working and offer hybrid working options. Even if our roles are advertised as full-time, we encourage you to apply if you are interested in part-time or other flexible working arrangements.

We will arrange for successful candidates to have background checks, including reference and police checks completed as part of the on-boarding process.