eFinancialCareers

• Company

  Algorithmics

• Location

  UK-London

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  30 Sep 2008

• eFC Ref no

  446080

The key responsibility of Financial Engineers in Professional Services at Algorithmics is to provide functional and financial modelling expertise to Algorithmics clients implementing our software, and the work has a strong focus on financial, data and modelling aspects.

The Company

Algorithmics is the world's leading provider of enterprise risk solutions. More than 300 financial institutions rely on Algorithmics' software, analytics and advisory services to make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centres, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

Professional Services & OASIS Team

Algorithmics’ Professional Services teams are responsible for the successful implementation of AlgoSuite software at client sites. Much of this work is done at clients’ premises, but in many cases implementations, upgrades or discrete tasks within an implementation project can more effectively be carried out at Algorithmics’ offices and deployed at the client site when ready. The OASIS (Offsite Algo Suite Implementation Services) team has been set up specifically to carry out such offsite work. This global team has members in London and Toronto, and comprises both functional and technical specialists.

The Role

• The key responsibility of Financial Engineers in Professional Services at Algorithmics is to provide functional and financial modelling expertise to Algorithmics clients implementing our software, and the work has a strong focus on financial, data and modelling aspects.
• This involves working with clients to define appropriate financial models and agreed approaches to instrument pricing. Work can also involve validation of calculated results and also the specification of input data for use by the software. You may be involved at all stages of implementation projects, from design to acceptance testing. The solutions generally involve the calculation of market risk and credit risk. You will generally be working as part of a cross-functional team comprising Financial Engineers, Integration Engineers and Project Managers from Professional Services.

Responsibilities

• Financial validation and modelling of clients’ portfolios across the whole spectrum of Financial Instruments. Assisting clients in financial validation of models.
• Provide advice on the implementation of Risk Management Software to assess Market and Credit risk
• Provide training and support to clients Assisting clients in implementation of firm-wide risk management processes and applications Verification of software implementations / upgrades.
• Providing advice to clients on utilization of the software for various risk management objectives
• Documentation of financial modelling definitions as implemented Mentoring junior Financial Engineers OASIS work is conducted largely at Algorithmics’ London office. Some travel can be expected to client sites in the EMEA region, as well as occasional visits to the head office in Toronto. There are also opportunities to work on client-site-based projects in the EMEA region.

Competencies and Skills

• Familiarity with pricing and modelling of financial products. Must at least know the concepts in Hull: “Options, Futures and other Derivatives”.
• Strong practical knowledge of investment markets, financial market conventions, and risk management practices (Risk Management experience highly desirable)
• Good theoretical understanding of financial economics, financial mathematics and statistics
• Strong analysis and problem solving skills S
• trong presentation and communication skills; good command of English, both spoken and written.
• Must be able to convey complex ideas to a variety of functional and technical audiences. Ability to steer and direct projects from the functional side.
• Willingness and ability to travel is highly desirable

Education

• Good degree from reputable university in Economics, Finance, Mathematics, Statistics, or other quantitative discipline.
• Mathematics to at least A-level or equivalent Advanced degree in Financial Engineering or Mathematical Finance highly desirable.

Work Experience

Solid related experience acquired in an investment bank, fund management house, financial software company or financial consulting firm, to include experience of risk, trading and pricing.

Algorithmics Inc. is an equal opportunity employer. It is Algorithmics’ policy to recruit and select applicants for employment solely on the basis of their qualifications, with emphasis on selecting the best-qualified person for the job. Algorithmics does not discriminate against applicants based on race, color, religion, sex, sexual orientation, national origin, or disability or any other status or condition protected by applicable law.