Analyst Market Regulation jobs at Intercontinental Exchange - Ice in United Kingdom, London

Job Purpose

Intercontinental Exchange is looking for a Senior Financial Analyst. This position is based in London and reports to the Manager of Finance as part of our Exchange Segment finance team, and works closely with senior management. As a Senior Financial Analyst within the Finance department, you will gain in-depth knowledge of the energy market maker rebate programmes to aid in the rebate process, from initial calculations through to payment and reporting of rebates. Additionally, you will support the monthly forecast and annual budget processes as well as other ad-hoc volume, revenue and RPC reporting.

Responsibilities

• Calculate and accrue market maker rebates and prepare rebate payment schedules
• Prepare reports for senior executives, market participants and industry bodies etc.
• Provide monthly reports to market maker participants
• Should eventually become subject matter expert for all energy market maker programmes
• Support monthly Flash Reporting / Press Release process
• Support monthly forecast process
• Support annual budget process and preparation of annual Board presentations
• Provide ad hoc analysis as required by the business

Knowledge and Experience

• Hands on experience in financial analysis
• Must possess strong analytical and financial analysis skills
• Must have excellent written and verbal communication skills
• Must be detail-oriented, well-organized, and self-motivated
• Must work well in a fast-paced, deadline driven environment
• Strong technical aptitude and understanding is preferred
• Advanced Microsoft Office skills (Excel, Word, PowerPoint)
• Experience with financial markets and/or exchanges a plus
• Experience with Python, R or equivalent a plus
• Educated to degree level. Early stages of professional qualification (CIMA/ACCA or equivalent) / or could be qualified by experience if they have the requisite background.

Job Purpose

The main purpose of the role is to support the settlement and delivery processes and procedures of ICE Clear Europe for Energy, Financial and Soft Commodity products, which includes but is not limited to Physical Oil, Natural Gas, Power, Emissions, Equities, Bonds, Cocoa, Coffee, Sugar and Wheat. Support will also be given to the day to day clearing operational activities, which includes the coverage of shift patterns between 09:00 and 19:30 London time.

Responsibilities

• Perform all duties in relation to settlement and delivery of ICE products, including all expiry events, such as Futures Notice Days and Option expiries;
• Monitor the effectiveness of the expiration and delivery process, to ensure timely and accurate publication of information to Clearing Members;
• Monitoring the smooth functioning of all relevant systems;
• Deal with and process ad-hoc adjustments where necessary (cash adjustments, trade corrections etc.);
• Deal with Clearing Member/customer queries and assist them in their understanding of ICE delivery processes;
• Ensure that the Clearing House daily processes run smoothly (e.g. product expiry events, intraday margin calls, position transfers, corporate actions);
• Liaise with members to understand their use of ICE’s clearing systems and help them optimise their usage;
• As the Clearing House and ICE group are continually growing, the right candidate may also be required to support Operations management in any relevant projects and initiatives, ranging from process improvements to new products and services;
• Provide support for the processing of all day to day clearing operational activities;
• Manage operational incidents, where relevant, and ensure appropriate escalation within the wider Operations team;
• Actively contribute to the writing and reviewing of Operational procedures where required.

Knowledge and Experience

• Educated to at least ‘A’ Level standard or equivalent;
• Experience in ETD clearing services, ideally at a Clearing Member;
• Experience and understanding of ETD settlements and deliveries from a Clearing Member perspective;
• Knowledge of expiry events within a clearing environment and understanding of the margining process;
• The ability to investigate/contribute to operational issues and their resolution with appropriate escalation;
• Ability to remain calm under pressure and retain a positive attitude when dealing with Clearing Members and their customers;
• Accuracy and strong attention to detail is vital;
• Customer focused, and experience in handling customer queries;
• A responsible self-sufficient and proactive attitude;
• Futures and Options knowledge and a solid understanding of the concepts, terminology and lifecycle of the contracts;
• Strong organisational skills;
• Proactive and collaborative nature.

Desirable

• Corporate Action knowledge and practical experience;
• Experience of ICE’s Clearing Technology Platforms, and those of other CCPs;
• Knowledge of ICE derivative products and their specifications;
• Strong/intermediate Excel skills;
• Operational experience at a Clearing Member

Job Purpose

Fast paced, enthusiastic, self-motivated & ambitious, you will have the ability to work on your own initiative, manage your own workload and meet project targets - and a track record to back this up.

Responsibilities

• Be the primary facilitator responsible for defining and documenting software requirements for large-scale development projects within the ICE Clearing House Risk team.
• Assist with identifying areas where the risk models, risk management processes, or infrastructure can be improved.
• Spearhead internal projects and coordinate with internal teams such as Risk, Treasury, Operations, Technology, Compliance etc., to streamline operational processes as well as ensure adherence to all internal policies and regulations.
• Facilitate requirements gathering sessions, reviews and issue resolution involving multiple stakeholders, jurisdictions, and time zones.
• Assess the impact new systems and features have on existing systems and communicate those impacts to the appropriate internal teams and stakeholders, and to the external member and vendor community.
• Enforce change-control procedures to ensure requirements changes are approved by stakeholders and clearly communicated to the release team.
• Assist the management of ICE Clear Europe with strategic projects related to business growth, investment management and operational efficiencies.
• Develop analysis artifacts including use-cases, activity diagrams, user-interface schematics, business rules, technical specifications, process flows, and API documentation.
• Proactively identify, report, and minimize risks to the project.
• Support the technical development and quality-assurance efforts.
• Assist project management with prioritization and tracking the implementation of system requirements.

Knowledge and Experience

• Extensive Systems/business analysis, quality assurance, or related experience.
• Experience using iterative development methodologies such as RUP and/or Agile.
• Good Knowledge in financial derivatives products in multiple asset classes preferred.
• Experience with Trading, Clearing, or related industry highly preferred; familiarity with regulatory aspects a plus.
• Prior experience of risk management and/or risk systems is desirable.
• Exceptional written and verbal communication skills.
• Excellent analytical skills.
• Detail oriented, results-driven and self-motivated.
• Proven organizational skills with strong commitment to customer service and product delivery.
• Ability to work effectively in a fast-paced environment.
• Strong technical aptitude and understanding of how technologies impact delivery.
• Experience executing database queries (SQL) for data analysis is highly desirable.
• Experience with user interface design, and the latest web technologies a plus.
• Experience with API development (particularly XML, FiXML, and/or FpML) a plus.
• Experience with business intelligence reporting tools, such as Tableau or Business Objects a plus.

Responsibilities

As a graduate analyst, you will enroll into a unique training program which will provide the opportunity to build a robust understanding of financial markets, and the operational processes that underpin them, through immediate exposure and management of multiple international asset classes including Oil, Utilities, Soft Commodities, Fixed Income and Indices.

As the European nucleus for operational oversight, development, execution and response, you will contribute directly alongside other Market Supervision Analysts, Managers, Directors and the Head of the department in the completion of the following functions:

• Trade Investigations - in response to unrepresentative trading activity, you will conduct time-sensitive investigations where robust and efficient decision making is critical.
• Official Exchange Settlement Prices - expeditious and accurate calculation of daily and final settlement prices that are used as benchmark reference prices and by our ICE Clear Europe Clearing House to manage participant risk.
• Price Management - order entry on the Exchange is regulated by comprehensive price controls that you will be responsible for ensuring are applied to representative fair market values.
• Front-Line Support - you will serve as a primary internal and external point of contact for all operations-related enquiries that will require exact, proactive and professional management

Through our new analyst training program and the support of numerous internal and external courses, available to you throughout your career at ICE, you will be able to build upon an array of technical, non-technical and specialised skill sets.

Knowledge and Experience

At ICE, your development and growth is a crucial investment for us and we want to discover which individual strengths and attributes you demonstrate that will allow you to adapt and succeed within this team. The fast-paced demands of the role require candidates to be methodical, proficient problem solvers and excellent communicators, ready to be able to concisely liaise with clients and colleagues of all levels of seniority.

DUTIES AND RESPONSIBILITIES

• Contribute effectively to all aspects of the operations of the ICE London soft commodity contracts.
• Oversight of the proprietary systems IFEU Guardian and the Softs Deliveries Platform for inventory, warehousekeeper and delivery management.
  • Manage numerous administrative tasks including maintenance and development
  • Input in development of system for new contracts, enhancements, testing and signoff
  • Incident reporting and resolution
  • Drive system training for new users or new product release
  • Biannual review of users
• Run the physical delivery process; engage with other ICE functions to ensure orderly deliveries
• Handle client enquiries; identify, manage and build customer relationships
• Draft written communications for internal and external release
• Visit/inspect/audit warehousekeepers when required
• Undertake project work as and when required

PERSON SPECIFICATION

• Proven experience with clearing operations for physically deliverable futures contracts
• Experience of Exchange clearing systems
• Experience in Cocoa, Coffee, Sugar or Grains would be an advantage but not essential
• Educated to a degree level in a relevant discipline or equivalent experience;

• Excellent verbal and written communication skills
• Good knowledge of Microsoft package especially Excel and PowerPoint;
• Strong analytical and organizational skills with acute attention to detail
• Position will involve some travel and work outside of normal business hours

Teamwork

• Offers time and/or assistance to colleagues; is widely regarded and respected as someone to go to for help
• Fosters friendly and cooperative relationships with others; colleagues enjoy working with the
• employee
• Shares knowledge and mentors staff; works to develop others’ knowledge as well as own
• Gives and shares credit as appropriate
• Contributes to recruiting and training efforts of others, including candidate referrals, job interviews and mentoring
• Attends and participates in company and department level functions inside and outside of the office

Problem-solving & decision-making

• Demonstrates an understanding of the urgent nature of our business and the need to proactively find and fix problems quickly and effectively takes ownership and follows through on decisions; doesn’t minimize or forget about problems
• Determines and fixes root causes rather than just treating symptoms
• Applies novel techniques to solve problems that are more ambiguous; challenges long-held beliefs when necessary
• Quickly and effectively identifies alternative solutions and the pros/cons of each; confirms that a proposed solution has no unintended consequences
• takes steps to mitigate risk
• Consults with colleagues and recommends solutions based on the best interests of customers and shareholders, even when the opinion is unpopular

Communication

• Actively listens and speaks to, not over, others
• Uses clear and constructive language orally and in writing
• Communicates important developments to the relevant and appropriate audiences in a timely and consistent manner
• Asks follow-up questions to ensure all points are understood
• Takes time to objectively listen to all viewpoints before forming an opinion
• Builds consensus among differing views

Professionalism

• Makes a positive impression; represents the company well on the phone and in person, including maintaining attire and appearance that is consistent with company image and appropriate for employee’s role
• Models a ‘can-do’ attitude and takes initiative as a self-starter; inspires and motivates others to do the same
• Embraces, rather than resists, additional responsibilities
• Refrains from office gossip; settles rather than creates conflict with and between others
• Exhibits desired work habits including regular office hours and extra hours when necessary while minimizing breaks and non-work related activities

• Adheres to all corporate policies; makes prudent use of company resources

Responsibilities

• Monitoring alerts which detect suspicious trading activity and escalate suspected market abuse, financial crime and rule breaches
• Prepare reports for colleagues and senior management
• Produce Suspicious Transaction and Order Reports and Suspicious Activity Reports for submission to the relevant regulatory bodies
• Interrogate relevant data points to identify suspect trading behaviour
• Issue correspondence to Members and otherwise assist with Exchange investigations in relation to suspected instances of rule breaches ensuring cases are managed in a timely manner
• Maintain internal policies and procedures
• Provide excellent customer service, responding to telephone and email enquiries from Members and market participants
• Assist in the ongoing testing and enhancement of surveillance controls; produce technical and procedural documentation as required
• Assist with the review and publication of open interest and Exchange position reporting
• Undertake ad-hoc project work

Knowledge and Experience

• Educated to degree level or equivalent (Finance, Mathematics, Law, Engineering or similar)
• Strong IT literacy skills
• Excellent report writing skills and attention to detail
• Excellent interpersonal and communication skills, interacting effectively at all levels, including with external stakeholders
• Proficient at identifying various issues and working efficiently to resolve problems
• Enthusiastic approach and a drive to continually improve and develop working practices and industry knowledge
• Strong organisational skills; ability to manage multiple tasks under pressure and to deadlines

Job Purpose

ICE Clear Europe’s Clearing Risk Department (“CRD”) is looking for a front office risk analyst. The successful candidate will assist the senior risk managers in overseeing and shaping the risk management practice at one of the largest futures and options clearing houses in the world. You will be joining a very dynamic team, be exposed to a wide range of asset classes and be challenged with complex risk problems. You will be responsible for carrying out all aspects of the day-to-day risk management duties and assist in developing and implementing enhancements to the risk management tools, models, and processes. You will also participate in the design and implementation of new risk initiatives and products that benefit the business.

Responsibilities

• Conduct mathematical/statistical analysis to calibrate and enhance risk models
• Ensure the risk management framework and risk policies are being adhered to and are consistent with regulatory and industry standards
• Assist with identifying areas where the risk models, risk management processes, or infrastructure can be improved
• Enhance documentation of risk processes, procedures and models
• Assist with communication with representatives from clearing members, risk committees and senior management of ICE
• Build and maintain risk management reports for the ICE Clear Europe board, various ICE Clear Europe risk committees and the regulators overseeing ICE Clear Europe
• Monitor model performance tests and assess the appropriateness of models in order to demonstrate policy adherence
• Collaborate with a group of colleagues on key policy and methodology development
• Conduct project work and run thematic or ad-hoc market research on relevant risk topics

Knowledge and Experience

• Master’s Degree in Mathematical Finance or equivalent degree
• Attention to detail and strong problem-solving skills with the ability to balance trade-offs
• Prior experience in risk management as a risk analyst or relevant professional experience (at an investment bank, hedge fund or clearing house) will be an advantage.
• Strong knowledge in financial derivatives products in multiple asset classes preferred
• Prior experience in applying risk management models and techniques such as Value at Risk models, Liquidity Risk models, backtesting and stress testing models will be an advantage.
• Ability to be a team player and to collaborate with other teams
• Ability to conduct research, analyze problems, formulate and implement solutions in an efficient, effective and independent manner
• Excellent written and verbal communication skills
• Experience with SQL and Python preferred