Quant Analyst (FX Options Integration) - VP

An exciting opportunity to join a Global Investment bank in London as a key member of the FICC Quantitative team. You'll play a critical role in the development and support of mathematical models and analytical tools used by the FX trading desk. You'll be part of a core development and support team responsible for integrating in-house quant libraries into front-office risk and trade booking systems, driving the replacement of legacy risk platforms. This is a hands-on, reactive role requiring deep understanding of derivative models, production support experience, and the ability to triage complex issues affecting pricing and risk in a fast-paced environment. You will work closely with traders, risk managers, and IT to ensure models behave as expected under changing market conditions.

Key Responsibilities:

• Develop and support quantitative models and analytical tools used by the FX trading desk.
• Investigate and resolve ad hoc model issues, including unexpected behaviour or discrepancies in risk and pricing outputs.
• Diagnose whether issues arise from model assumptions, coding, market conditions, or data feeds.
• Act as a key point of contact for the integration of quant models into risk reporting and trade booking systems, replacing legacy platforms.
• Collaborate with quant developers who build core pricing libraries, providing critical support and interfacing solutions.
• Develop and maintain code and tools primarily in C++ (Java experience beneficial) for integration and reporting.
• Work closely with multiple stakeholders including traders, risk, product control, and IT.
• Contribute to the proof-of-concept and delivery phases of new risk systems replacing existing third-party tools.

Required Qualifications & Skills:

• Education in Mathematical Finance, Mathematics, Physics, Engineering, or a related quantitative discipline (PhD preferred).
• Strong knowledge of derivative pricing models, ideally across FX and exotics (experience with linear products also accepted).
• Proven experience working as a Quantitative Analyst supporting front-office trading desks, ideally in FX or rates.
• Solid coding skills in C++ with experience in production support and system integration.
• Experience integrating quant libraries into trading or risk platforms (e.g., via APIs or bespoke interfaces).
• Strong analytical skills with the ability to troubleshoot complex issues under live market conditions.
• Comfortable working in a high-pressure environment requiring reactive problem solving and stakeholder communication.
• Experience with Murex or similar risk platforms is a plus but not mandatory.
• Ability to work across multiple teams and senior stakeholders effectively.

Additional Information:

The role is within FICC and part of a team building a strategic internal risk platform, aiming to replace Murex over the next 2-3 years. The successful candidate will be expected to join before September to align with team bonus cycles. This is a critical role requiring a balance of modelling expertise and front-office support experience. Due to the high demand of applications only those who meet the requirements for this role will be contacted at this time.