Clearing Risk & Quant Programme- 1 Year Contract, Multiple Roles & Levels
Skills
About the role
Company Description
Sia is a next-generation, global management consulting group. Founded in 1999, we were born digital. Today our strategy and management capabilities are augmented by data science, enhanced by creativity and driven by responsibility. We’re optimists for change and we help clients initiate, navigate and benefit from transformation. We believe optimism is a force multiplier, helping clients to mitigate downside and maximize opportunity. With expertise across a broad range of sectors and services, our 3,000 consultants serve clients worldwide from 48 locations in 19 countries. Our expertise delivers results. Our optimism transforms outcomes.
Strategy & Management Consulting
Sia’s Strategy & Management Consulting global footprint and expertise in more than 40 sectors and services allow us to enhance our clients' businesses worldwide. We guide their projects and initiatives in strategy, business transformation, IT & digital strategy.
A digital leader or growing disruptor, everyone must transform themselves to maintain their advantage. The Sia Financial Services Business Unit supports clients through digital, operations and organizational transformation adapted to their culture and working methods. We help clients strategize and scale leveraging deep expertise in financial services and solutions in compliance and risk management, strategic technology partnerships, data science, operations and business analysis and mergers and acquisitions.
Job Description
Sia is resourcing for a team to support a clearing risk and quant platform initiative for an Australian market Financial Services client. All roles are 12-month fixed-term contracts based in Australia, with possible extension subject to project progress. We are open to candidates who are based in different locations and able to work in Australia time zone.
Open Positions
Quant Developer
Senior Quantitative Analyst
Clearing Risk Manager
Clearing Risk Product Owner
Clearing Risk Business Analyst
Role Purpose
Together, these roles design, build, validate, and operate the clearing house’s risk and margining platform.
If you have the right background and are keen to find out more, we encourage you to apply.
Key Responsibilities
Quant Developer
Implement and maintain quantitative models (margin, stress testing, sensitivities) in production-grade code
Build and optimise calculation libraries and pipelines used by the risk engine
Collaborate with Senior Quant Analysts to translate model specifications into code and validate outputs
Write unit, integration, and regression tests; support model release and deployment cycles
Senior Quantitative Analyst
Develop and calibrate margin, stress-testing, and default-fund sizing methodologies
Perform model validation, backtesting, and sensitivity analysis against regulatory and internal standards
Produce model documentation and present findings to risk committees and regulators as required
Partner with Quant Developers to specify and review production implementations of models
Clearing Risk Manager
Monitor participant exposures, margin coverage, and concentration risk on an ongoing basis
Lead or support default management and stress-testing exercises
Review and approve participant risk limits, collateral eligibility, and haircut settings
Prepare risk reporting and papers for risk committees, senior management, and regulators
Clearing Risk Product Owner
Define and maintain the product vision and roadmap for the clearing risk platform
Own and prioritise the product backlog, writing clear epics, features, and user stories
Act as the primary liaison between risk, quant, engineering, and regulatory stakeholders
Run sprint planning, backlog refinement, and showcase sessions with the delivery team
Clearing Risk Business Analyst
Elicit requirements from risk, quant, operations, and compliance stakeholders
Document current-state and future-state processes, functional specifications, and data flows
Support user story writing, backlog grooming, and acceptance criteria definition
Support UAT planning and execution, and triage defects against requirements
Qualifications
Quant Developer
Strong programming skills in Python and/or C++/Java, with production software engineering experience
Solid grounding in numerical methods, linear algebra, and statistics
Experience working with quantitative or risk models in a financial markets context
Senior Quantitative Analyst
Advanced degree (Masters/PhD) in a quantitative discipline or equivalent experience
Proven experience developing and validating margin, VaR, or risk models, ideally within a CCP, exchange, or bank
Strong Python or MATLAB/R skills for model prototyping and analysis
Clearing Risk Manager
Significant experience in clearing, market, or counterparty risk, ideally at a CCP, exchange, custodian, or bank
Strong understanding of margining, collateral management, and default management processes
Ability to interpret quantitative model outputs and translate them into risk decisions
Clearing Risk Product Owner
Proven experience as a Product Owner or Product Manager on a risk, trading, or clearing platform
Strong understanding of clearing, margining, or market risk concepts
Experience working in Agile/Scrum delivery environments
Clearing Risk Business Analyst
Experience as a Business Analyst on a risk, clearing, or trading-related change programme
Understanding of clearing, margining, or market risk processes
Strong documentation skills (BRDs, functional specs, process maps)
Common Nice to Haves (All Roles)
Direct experience with an Australian or international CCP (e.g. ASX Clear, LCH, CME Clearing)
Exposure to CPMI-IOSCO Principles for Financial Market Infrastructures
Experience in a regulated market infrastructure or exchange environment
Additional Information
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