Climate Risk Quant

* Assume a central role in formulating climate risk strategy by leading the quantification and modelling of climate change-related risks for the trading book, influencing critical business decisions across international markets. * Benefit from a workplace culture that places great emphasis on professional development, offering extensive training opportunities, private healthcare provision, enhanced maternity and adoption pay, and generous employer pension contributions.

What you'll do:

In the capacity of Climate Risk Quantitative Analyst based in London with access to hybrid working arrangements, you will assume a vital function in advancing the organisation’s approach to managing climate-related risks associated with its trading activities. Your daily remit will encompass designing sophisticated quantitative models that accurately reflect the multifaceted impacts of climate change on market exposures. You will engage collaboratively with internal stakeholders—including business leaders, traded risk managers, data vendors, and fellow analytics professionals—to ensure that all methodologies are meticulously developed and seamlessly integrated into decision-making processes. Beyond technical modelling responsibilities, you will be expected to communicate complex findings in an accessible manner to both technical experts and non-specialist audiences such as regulators, thereby ensuring transparency throughout. Your diligence in producing comprehensive documentation will underpin effective governance while supporting ongoing enhancements through research into emerging trends. By proactively managing projects from inception through delivery, you will help sustain the organisation’s leadership position in climate risk management whilst nurturing a culture of continuous improvement within your team.

• Oversee the comprehensive development, validation, and ongoing maintenance of globally consistent climate risk models for the trading book, including Value-at-Risk (VaR), Stressed VaR, and Incremental Risk Charge (IRC).
• Establish and maintain global methodology frameworks for climate risk assessment within the trading book, ensuring full alignment with regulatory requirements and prevailing best practices.
• Direct complex projects pertaining to climate risk analytics by coordinating resources judiciously and delivering outcomes within established timelines.
• Serve as a subject matter expert on climate risk modelling, providing lucid explanations of intricate scientific concepts to regulators, trading desks, and cross-functional teams in accessible language.
• Collaborate extensively with business units, traded risk managers, data vendors, and other senior analytics managers to ensure seamless integration of climate risk methodologies into broader risk management processes.
• Produce detailed documentation that clearly articulates model design choices, underlying assumptions, limitations, and validation results for both technical specialists and non-technical audiences.
• Monitor developments in climate science and market risk analytics to continuously refine existing models and methodologies.
• Support stress testing initiatives by contributing expertise on scenario design and interpretation of results relevant to climate-related financial risks.
• Promote knowledge sharing within the team by mentoring colleagues on advanced quantitative techniques and fostering an inclusive learning environment.

What you bring:

To excel as a Climate Risk Quantitative Analyst within this esteemed institution, you will possess substantial experience derived from quantitative fields such as statistics or mathematics alongside deep familiarity with climate science modelling pertinent to financial institutions. Your background should encompass hands-on involvement with market risk analytics—particularly those relevant to trading books—and demonstrable skill in Python programming for constructing scalable solutions. You will have refined your ability to communicate intricate technical details clearly when interacting with both internal teams and external parties such as regulators. A history of producing well-structured documentation reflects your commitment to transparency and knowledge dissemination. While expertise in stress testing or economic capital is beneficial, your willingness to embrace new approaches ensures continued professional growth. Above all else, your collaborative spirit fosters harmonious relationships across departments while supporting collective objectives.

• Demonstrable experience in quantitative disciplines such as statistics, mathematics, physics, operational research or computer science is essential for this appointment.
• A proven record in developing or validating climate science models specifically tailored for financial services or capital markets applications is required.
• Comprehensive understanding of trading book market risk models—including Value-at-Risk (VaR), Stressed VaR, IRC—and their application within global banking environments is indispensable.
• Advanced proficiency in Python programming for data analysis and model implementation is necessary for success in this role.
• Familiarity with derivative products and trading business operations facilitates effective collaboration with front office teams.
• Experience engaging with regulators or external stakeholders on technical topics evidences strong communication skills.
• The ability to produce high-quality documentation that translates complex modelling concepts into clear narratives for diverse audiences is highly regarded.
• Knowledge of stress testing frameworks or economic capital modelling would be advantageous but not obligatory.
• A collaborative disposition combined with excellent interpersonal skills supports effective teamwork across multi-disciplinary groups.

Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates