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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 with opportunities for professional growth and collaboration.
- Why this job: Make an impact by integrating cutting-edge quant models into trading systems in a fast-paced environment.
- Qualifications: PhD or strong background in Mathematical Finance, coding skills in C++, and experience in front-office roles.
- Other info: Critical role in building a new internal risk platform, aiming to replace legacy systems.
The predicted salary is between 48000 - 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.
You will be responsible for:
- Developing mathematical pricing models
- Implementing them in production code
- Supporting integration with trading systems (Murex)
- Interfacing with traders and risk/product control teams
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.
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.
FO Quant Dev / Hybrid Quant (FX Options) employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
tg@barclaysimpson.com
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, especially in the context of production support and system integration. Being able to discuss your coding experience confidently can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the FICC Quantitative space, particularly those who have experience with Murex or similar platforms. This can provide you with insights into the role and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss real-world scenarios where you've triaged complex issues under pressure. Highlighting your problem-solving skills in a fast-paced environment will resonate well with the hiring team.
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 your experience in quantitative analysis, particularly in FX and derivatives. Emphasise your coding skills in C++ and any relevant production support experience.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in this specific role at the Global Investment Bank. Mention your understanding of the responsibilities and how your background aligns with their needs, especially in model development and integration.
Showcase Relevant Projects: If you have worked on projects involving quantitative models or system integration, include these in your application. Detail your role, the technologies used, and the outcomes to demonstrate your hands-on experience.
Prepare for Technical Questions: Be ready to discuss your knowledge of derivative pricing models and your coding experience. Prepare examples of how you've solved complex issues in a fast-paced environment, as this will likely come up during interviews.
How to prepare for a job interview at Barclay Simpson
✨Showcase Your Coding Skills
Since strong coding skills in C++ are essential for this role, be prepared to discuss your previous projects and demonstrate your coding abilities. Consider bringing examples of your work or discussing specific challenges you've overcome in production support.
✨Understand Derivative Pricing Models
Make sure you have a solid grasp of derivative pricing models, especially in FX and exotics. Be ready to explain these concepts clearly and how they apply to real-world trading scenarios, as this will show your depth of knowledge and relevance to the role.
✨Prepare for Problem-Solving Questions
Expect to face questions that assess your analytical skills and ability to troubleshoot complex issues. Think of examples from your past experience where you successfully diagnosed and resolved model discrepancies or market-related problems.
✨Demonstrate Team Collaboration
This role requires working closely with traders, risk managers, and IT. Be prepared to discuss your experience collaborating across teams and how you effectively communicate with various stakeholders to ensure successful integration of quant models.
