Economist

Posted: 28/07/2021

Location: London, UK


Economist

About The World Federation of Exchanges

The World Federation of Exchanges (The WFE) is the global industry body for exchanges and clearing houses. Headquartered in London, established in 1961, we represent over 250 market infrastructure providers around the world, including standalone CCPs that are not part of exchange groups.

WFE members include stock, futures, options and commodity exchange groups globally, ranging from the Nasdaq, CME Group, Deutsche Boerse AG, the London Stock Exchange Group, and HKEX to Brazil’s B3, SGX and the Colombo Stock Exchange. We also represent standalone CCPs, such as the DTCC and the Options Clearing Corp, alongside those operated by our member exchanges.

About the role

Reporting to the Head of Research, you will work with economists and researchers in the 5-member team to develop innovative research ideas and to conduct and publish in-depth economic research to answer pressing policy questions that are relevant for the industry today. Current research areas include market microstructure, the economics of the exchange and clearing industry, the impact of technological innovation, and the role of exchanges in promoting sustainability.

You will need to think critically about research questions and policy, as well as work effectively with other professionals from a range of disciplines including market infrastructure practitioners from the WFE membership. The research we do is aimed at a range of market stakeholders including industry and policymakers as well as the academic community. It is expected to lead to publications in academic journals.

Working closely with the WFE Regulatory Affairs team you will also liaise with policy experts, industry participants and leading academics from the UK and overseas to inform WFE advocacy and policy positions.

This is a new role at the WFE.

Deliverables

• Relevant industry research questioning and exploration

• Planning and executing projects related to WFE responsibilities for data collection, analysis, research, and advocacy.

• Applying statistical, econometric, and other data exploration tools to analyze financial data.

• Producing high quality reports for internal and external dissemination, as well as academic research publications.

What you bring

•    Candidates will hold a PhD in Economics, Finance, Statistics, or other relevant discipline and have a genuine interest in policy issues. 

•    Excellent knowledge of the financial markets and of the exchange and post-trade industries.

•    Programming skills (Matlab, Python, or R preferred).

Candidates will ideally also possess expertise in one of the following areas:

•    Mathematical and quantitative methods in finance

•    Financial economics

•    Industrial organization

•    Environmental economics (e.g., sustainability in financial markets, green finance).

•    FinTech

Previous experience as a researcher in a policy, government, industry association or thinktank environment related to financial markets, is an advantage.

To be considered for the role, please send a letter of interest, your CV, and a brief statement of current and future research interests to [email protected]

Further Information:

• Location: City of London (currently the WFE is working remotely due to Covid-19)

• Start Date: As soon as possible

• Time commitment: Full time, permanent

• Compensation: Competitive, dependent on skills and experience

Please note that incomplete applications will not be considered, and only successful candidates will be contacted.

The WFE is an equal opportunities employer and welcomes applications from all suitably qualified persons regardless of their race, sex, disability, religion/belief, sexual orientation or age.

ALL APPLICATIONS WILL BE TREATED IN STRICT CONFIDENCE.