At a Glance
- Tasks: Join our Quants’ team to develop and maintain trading solutions.
- Company: CMC Markets is a leading global financial services provider.
- Benefits: Enjoy a dynamic work environment with opportunities for personal growth.
- Why this job: Dive deep into the Market Making industry and collaborate with top professionals.
- Qualifications: Degree in quantitative finance, mathematics, or computer science required.
- Other info: Flexible working hours and occasional weekend work for product releases.
The predicted salary is between 36000 - 60000 £ per year.
CMC Markets are looking for a Quantitative developer to join our Quants’ team. Within the role, you will work directly with Quantitative Developers as well as our Trading function within the Derivatives pillar. You will participate in the integration of our partner’s solutions into our infrastructure and support the desk in the development of internal and proprietary services. This is an excellent opportunity to get to the heart of the business and develop an in-depth understanding of the Market Making industry.
ROLE AND RESPONSIBILITIES
-
Maintain and improve the existing code stack and develop new scripts if required.
-
Ensure appropriate monitoring is in place for all business-as-usual processes owned by the Derivatives Quantitative team.
-
Analysis, specification, implementation, maintenance, and development of tests.
-
Document and maintain software functionality.
-
Understand current models and produce innovative improvements.
-
Facilitate the integration of third-party solutions with our existing infrastructure.
-
Adapt to the team’s working hours to ensure sufficient coverage over the quoting period (early, mid, or late shifts).
-
Help design and develop pricing and risk components to support the firm\’s market-making business, working across multiple asset classes ranging from Options, Equities, FX, Commodities, and other derivatives.
-
Partner with other key groups: financial engineering and quantitative teams from other business units, business operations, product development, and other IT teams; to ensure products are implemented efficiently and meet the demands both internally (dealing) and externally (clients) and addressing any issues that arise.
-
Work with the Front Office users and Business Operations to address any issues.
-
Maintain personal/professional development to meet the changing demands of the role, including all relevant regulatory and legislative training.
-
Understand the nature of the trading floor business and the need to respond quickly and efficiently to issues that can or have caused business outage.
-
Creation of maintenance and reporting tools relevant to the product area as appropriate.
-
Ensure a positive approach to challenge and provide open and honest feedback.
-
Occasional requirement to work during the weekend for a product release or maintenance.
-
When dealing with all customers, clients, or colleagues ensure that we provide a clear, fair, and consistent high-quality service that presents a professional and positive image of CMC Markets.
-
Take all reasonable steps to ensure appropriate confidentiality.
-
Undertake such other duties, training, and/or hours of work as may be reasonably required, and which are consistent with the general level of responsibility of this role.
KEY SKILLS & EXPERIENCE
Competencies:
-
A degree in quantitative finance, mathematics, computer science or equivalent disciplines.
-
Strong analytical and quantitative skills.
-
Good understanding of general financial products and derivatives.
-
Experience of coding in Object Oriented development languages, mainly in Python.
-
Strong communication skills, both written and spoken.
-
Strong solution design skills.
-
The ability to operate with urgency and prioritise work accordingly.
-
Strong requirements analysis skills.
-
Strong Team Player.
-
Takes personal responsibility to deliver results.
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
#J-18808-Ljbffr
Quantitative Developer employer: CMC Markets
Contact Detail:
CMC Markets Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Developer
✨Tip Number 1
Familiarise yourself with the latest trends in quantitative finance and market-making. Understanding the current landscape will help you engage in meaningful conversations during interviews and demonstrate your passion for the industry.
✨Tip Number 2
Brush up on your Python skills, especially in Object-Oriented Programming. Consider working on personal projects or contributing to open-source projects that showcase your coding abilities, as this can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the quantitative finance field. Attend industry events, webinars, or meetups to connect with potential colleagues and learn more about the role. This can also lead to valuable referrals.
✨Tip Number 4
Prepare to discuss your problem-solving approach and how you handle urgent situations. Given the fast-paced nature of trading, showcasing your ability to think on your feet and prioritise tasks will be crucial during the interview process.
We think you need these skills to ace Quantitative Developer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in quantitative finance, programming (especially Python), and any previous roles that involved working with financial products or derivatives. Use specific examples to demonstrate your analytical and problem-solving skills.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities outlined in the job description, particularly your experience with coding and your understanding of market-making.
Showcase Relevant Projects: If you have worked on projects related to quantitative analysis, software development, or financial modelling, be sure to include these in your application. Describe your role, the technologies used, and the outcomes achieved to demonstrate your capabilities.
Highlight Team Collaboration: Since the role involves working closely with various teams, emphasise your teamwork skills. Provide examples of how you've successfully collaborated with others in past roles, especially in high-pressure environments like trading floors.
How to prepare for a job interview at CMC Markets
✨Showcase Your Technical Skills
Be prepared to discuss your experience with coding, particularly in Python and Object Oriented development. You might be asked to solve a coding problem on the spot, so brush up on your programming skills and be ready to demonstrate your analytical abilities.
✨Understand Market Making
Familiarise yourself with the concepts of market making and derivatives. Being able to discuss how these concepts apply to the role will show your genuine interest and understanding of the industry, which is crucial for a Quantitative Developer.
✨Prepare for Team Collaboration Questions
Since the role involves working closely with various teams, be ready to provide examples of how you've successfully collaborated in the past. Highlight your communication skills and ability to work under pressure, as these are key attributes for this position.
✨Demonstrate Problem-Solving Abilities
Expect questions that assess your problem-solving skills, especially in high-pressure situations. Think of specific instances where you identified a problem, developed a solution, and implemented it effectively, particularly in a trading or financial context.