At a Glance
- Tasks: Develop and enhance analytics libraries for pricing and risk management of Interest Rate Derivatives.
- Company: Join Citi, a leading global bank with a commitment to responsible finance.
- Benefits: Competitive salary, hybrid work model, generous holiday allowance, and private medical insurance.
- Other info: Collaborate with diverse teams and enjoy excellent learning and development opportunities.
- Why this job: Make a real impact in finance by developing cutting-edge quantitative models.
- Qualifications: Experience in quantitative modelling, strong programming skills in C++ and Python.
The predicted salary is between 50000 - 70000 £ per year.
Are you a strategic and highly skilled Quantitative Analyst with a recognized technical authority in Interest Rate Derivatives? Citi is seeking an experienced professional to join our team, working closely with Trading, Sales, Structuring, and Risk & Control Functions. This pivotal role involves contributing to directional strategy and applying your expertise to pricing model development within our strategic Interest Rate analytics library.
This role is for an Interest Rate Derivatives Quant, you will be a key contributor to the development of our strategic Interest Rate analytics library, which is essential for supporting pricing and risk management activities across the business. Your work will involve close collaboration with a wide array of internal stakeholders, including trading desks, structurers, sales, and various risk and control functions, ensuring robust and compliant solutions.
Responsibilities- Develop and enhance analytics libraries used for pricing and risk management of Interest Rate Derivatives.
- Create, implement, and support quantitative models for the trading business, leveraging a wide variety of mathematical and computer science methods and tools.
- Develop sophisticated pricing models using advanced numerical techniques for valuation, such as Monte Carlo Methods and partial differential equation solvers.
- Collaborate closely with Traders, Structurers, and technology professionals to deliver effective solutions.
- Work in close partnership with control functions such as Legal, Compliance, Market and Credit Risk, Audit, and Finance to ensure appropriate governance and control infrastructure.
- Contribute to building a culture of responsible finance, good governance and supervision, expense discipline, and ethics.
- Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services.
- Adhere to all policies and procedures as defined by your role and maintain all required registrations/licenses within the appropriate timeframe.
- Appropriately assess risk when making business decisions, safeguarding Citigroup, its clients, and assets by driving compliance with applicable laws, rules, and regulations.
- Experience in a comparable quantitative modelling or analytics role, ideally within the financial sector.
- Experience with standard rates models (SABR, HJM, Markov functional) and products (Swaptions, CMS, Path-Dependent Exotics).
- Excellent technical/programming skills in C++ and Python.
- Proficiency in statistics and probability-based calculations.
- Strong understanding of software design and principles.
- Consistently demonstrates clear and concise written and verbal communication skills.
- Master's or PhD degree in a relevant quantitative subject.
- Competitive base salary (annually reviewed)
- Hybrid working model (up to 2 days working at home per week)
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretionary annual performance related bonus
- Private medical insurance packages to suit your personal circumstances
- Employee Assistance Program
- Pension Plan
- Paid Parental Leave
- Special discounts for employees, family, and friends
- Access to an array of learning and development resources
Quantitative Analyst in City of Westminster employer: Citigroup, Inc.
Citi is an exceptional employer for Quantitative Analysts, offering a dynamic work environment that fosters collaboration with trading desks and risk management teams. With a competitive salary, generous holiday allowance, and a hybrid working model, employees benefit from a strong focus on professional development and a culture of responsible finance. The opportunity to work on cutting-edge analytics libraries in the heart of the financial sector makes Citi a rewarding place for those looking to advance their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Analyst in City of Westminster
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We think you need these skills to ace Quantitative Analyst in City of Westminster
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Citigroup, Inc..
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Citigroup, Inc.'s website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Citigroup, Inc.
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Citigroup, Inc..
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Citigroup, Inc. will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Citigroup, Inc. employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
