Job Opportunity @ Pakistan Mercantile Exchange-PMEX POSITION: ANALYST DEPARTMENT: RISK AND ANALYTICS ABOUT PMEX Pakistan Mercantile Exchange-PMEX is the first and only technology driven, de-mutualized, on-line commodity futures exchange in Pakistan. Formed in the year 2002, the exchange has achieved significant milestones in the initiation and development of a futures market in Pakistan. Our culture inculcates an open hearted approach to our employees, encouraging initiative, ideas and professional development. We believe in character development and professional training, with the goal of nurturing the best financial professionals in the country. Carrying the values and practices, PMEX strives to become one of the leaders of the financial markets in the region. ABOUT THE DEPARTMENT The department of risk and Analytics is involved in the overall risk assessment and implementation processes. The department is also responsible for the mark to market process and daily settlement pricing. Using quantitative knowledge and measures (VaR, Stress Tests, Simulations, etc) and strong collaboration with IT, Operations and other areas, the department is responsible to implement methodologies to insure a sound market. JOB DESCRIPTION As an analyst, you would be involved in studying market developments, with information provided through data analysis, financial methodologies and interpretation. Furthermore, you would be involved in the sophistication of the risk management methodologies. Along worth the development of financial models, the analytical role would also include coordinating with business development departments by providing key performance indicator (KPI) reports on business growth. Regular routine tasks also include that of settlement prices and daily margin monitoring. A part of position also requires primary research in the local markets of Pakistan (mostly in Karachi), in order to assess local commodity market dynamics. Along with management of the risk framework, you would also be involved in coordinating with market regulators and participants. To provide an idea, some of the models implemented may utilize methodologies including Value at Risk (VaR), Monte Carlo Simulations, Fixed Income Models, Insight of the Black Scholes Merton working along with stochastic processes. PMEX is a 24 hour market, which requires individuals to work during various shifts in order to provide smooth functionality for the organization while at the same time maintaining a flexible environment for its employees. WE ARE LOOKING FOR Recent graduates: BCS, BBA, BBA-MIS, B.sc in Mathematics, Actuarial Science, Risk Management or Finance, An individual who is eager to learn and takes his/her learning path as a continuous process, An individual who takes initiatives and has a good listening ability, sound communication and interpersonal skills, Strong analytical aptitude with some of the following analytical facets: a) Econometrics b) Financial Derivatives c) Statistical Analysis d) Database management e) Willingness to earn a professional designation (e.g. Actuary, CFA, FRM) f) Familiar with MS Office (Excel, Access) g) Use of softwares and DBMS including but not limited to SPSS, MATLAB, R, Oracle Toad would be considered as a plus How to apply: All interested candidates should forward softcopy of their CVs and cover letter to [email protected] Deadline: 14th July, 2013 Note: Please mention “PMEX” in your e-mail subject line Regards, CDC
Posted on: Sat, 13 Jul 2013 07:12:23 +0000
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