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- Tasks: Join a dynamic team to develop and support quantitative models for FX trading.
- Company: Be part of a leading Global Investment bank in London, shaping the future of finance.
- Benefits: Enjoy a hybrid work model and collaborate with top professionals in a fast-paced environment.
- Why this job: Make a real impact by integrating cutting-edge quant libraries into trading systems.
- Qualifications: PhD in a quantitative field preferred; strong coding skills in C++ required.
- Other info: Critical role in building a strategic internal risk platform, with opportunities for growth.
The predicted salary is between 43200 - 72000 £ per year.
An exciting opportunity to join a Global Investment bank in London as a key member of the FICC Quantitative team. This role will ideally suit a model-building quant with strong coding skills—someone who can:
- Develop mathematical pricing models
- Implement them in production code
- Support integration with trading systems (Murex)
- Interface with traders and risk/product control teams
Full description below:
You will 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. You will play a critical role in the development and support of mathematical models and analytical tools used by the FX trading desk. 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.
- 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.
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.
Please do reach out directly if you are open to hearing about alternative front office quant roles: tg@barclaysimpson.com
FO Quant Dev / Hybrid Quant (FX Options) employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land FO Quant Dev / Hybrid Quant (FX Options)
✨Tip Number 1
Familiarise yourself with the specific mathematical pricing models used in FX options. Understanding these models will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your C++ coding skills, as this is a key requirement for the position. Consider working on personal projects or contributing to open-source projects that involve quantitative finance to showcase your abilities.
✨Tip Number 3
Network with professionals in the FICC space, especially those who work with FX trading desks. Engaging with industry experts can provide insights into the role and may even lead to referrals.
✨Tip Number 4
Stay updated on current market conditions and trends in FX trading. Being knowledgeable about recent developments will help you engage in meaningful conversations during interviews and show your passion for the field.
We think you need these skills to ace FO Quant Dev / Hybrid Quant (FX Options)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in quantitative analysis, particularly in FX options and derivative pricing models. Emphasise your coding skills in C++ and any experience with production support or system integration.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your understanding of the responsibilities, such as developing mathematical models and supporting integration with trading systems, and how your background aligns with these tasks.
Showcase Relevant Projects: If you have worked on projects involving quant libraries or risk platforms, be sure to include these in your application. Detail your contributions and the impact of your work, especially in high-pressure environments.
Highlight Soft Skills: Given the collaborative nature of the role, mention your ability to communicate effectively with traders, risk managers, and IT teams. Provide examples of how you've successfully navigated complex issues and maintained stakeholder relationships.
How to prepare for a job interview at Barclay Simpson
✨Showcase Your Technical Skills
Be prepared to discuss your coding experience, particularly in C++. You might be asked to solve a coding problem or explain how you've implemented mathematical models in production code, so brush up on your technical knowledge and be ready to demonstrate your skills.
✨Understand the Role of Quantitative Models
Make sure you have a solid grasp of derivative pricing models, especially in FX and exotics. Be ready to discuss how these models work and their applications in trading, as well as any challenges you've faced in model development or support.
✨Prepare for Problem-Solving Scenarios
Expect questions that assess your analytical skills and ability to troubleshoot complex issues. Think of examples from your past experiences where you successfully diagnosed and resolved problems under pressure, particularly in a trading environment.
✨Communicate Effectively with Stakeholders
Since this role involves collaboration with traders, risk managers, and IT, practice articulating your thoughts clearly. Be ready to discuss how you've worked with different teams in the past and how you ensure effective communication across various stakeholders.
