Economist for the Models and Derivatives Section

Economist for the Models and Derivatives Section, in the Risk Management Department (Tel-Aviv Stock Exchange, Tel-Aviv). The position is under the supervision of a Senior Section Manager.

The Risk Management Department, headed by the Chief Risk Officer, is in charge of the risk management framework in the TASE Group, including TASE's subsidiaries (TASE Clearing House, Maof Clearing House, etc.). 

The department's responsibilities include, among others, building and maintaining independent and ongoing supervision processes on with respect to the quality of risk management in the TASE group, formulating and managing framework and governance in the TASE Group, assessment of possible ways of managing risk exposures, and developing the Group's risk management policies, processes and models/methodologies. 

The Department is also in charge of performing periodic risk self-assessment processes, formulating a corporate-wide risk management policy, risk appetite and exposure limits, and implementing risk management policies and risk management culture.

We are seeking qualified candidate, full of motivation and purpose to take part in our team.

Job Description

Development and implementation of models and methodologies for estimating exposures to risks and/or managing/minimization of such exposures; examining the quality and reliability of existing models and their actual outputs/results; performing complex calculations and analyses regarding projections and TASE group's models; performing additional tasks as required within the Models and Derivatives Section and/or the Risk Management Department.

Experience, Skills and requirements

·      Hold's a bachelor's and/or master's degree in economics / statistics / mathematics.

·      Graduated magna / summa cum laude. – an advantage.

·      High analytical capabilities and quantitative orientation.

·      Fully proficient in office application including a very high degree of proficiency in Excel.

·      Proficient in VBA and/or Python – an advantage. 

·      Familiarity with the capital market (including the derivatives market).

·      Successfully completed Passed the Israel Securities Authority's investment 

·      advisory portfolio management exam(s) an advantage.

·      Familiarity with statistical and/or financial risks management models (Var.) – an advantage.

·      Able to write and express himself, in Hebrew and English, at high level.

·      Able to analyse information and draw conclusions at high level.

·      The ability to get down to details and meet schedules, being organized, precise, thorough and effective.

·      Possesses a high work ethic, a willingness to work hard and an ability to work under pressure and multitasking.

·      An ability to learn and work independently, as well as able to work within a team and maintain good interpersonal relations.