At a Glance
- Tasks: Develop cutting-edge analytics libraries for pricing and risk management in finance.
- Company: Join Citi, a leading global bank with a focus on innovation and collaboration.
- Benefits: Enjoy a competitive salary, hybrid work model, generous holidays, and private medical insurance.
- Other info: Access to extensive learning resources and excellent career growth opportunities.
- Why this job: Make a real impact in finance while working with advanced technologies and talented teams.
- Qualifications: Experience in quantitative modelling and strong skills in C++ and Python required.
The predicted salary is between 60000 - 80000 £ per year.
Within the wider Counterparty Credit QA team, the Generic Curves and Markets Funding (GCMF) is looking to fill an AVP position to support the XVA and OCM businesses. The team helps Citi manage the CVA risk to illiquid counterparties as well as Citi's own DVA. There's a direct day‑to‑day collaboration with the business in addition to medium‑to‑long term projects related to improving our modelling and our risk management tools.
Responsibilities
- Develop analytics libraries used for pricing and risk‑management in the scope of CVA and DVA.
- Collaborate closely with quantitative analysis colleagues and the desks.
- Create, implement and support quantitative models for XVA and OCM businesses leveraging advanced calculus, C++, object‑oriented design, Python, mathematical finance, statistics, probability and machine learning.
- Develop pricing models using numerical techniques for valuation, including Monte Carlo methods and partial differential equation solvers.
- Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.
- Appropriately assess risk/reward of developments when making business decisions, ensuring that all team members understand the need to do the same and demonstrate proper consideration for the firm's reputation.
- Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services, ensuring all team members understand the same.
- Adhere to all policies and procedures as defined by the role, which will be communicated to you.
- Driving compliance with applicable laws, rules and regulations; applying sound ethical judgment regarding personal behaviour, conduct and business practices, and escalating, managing and reporting control issues with transparency.
Qualifications
- Experience in a comparable quantitative modelling, development or analytics role, ideally in the financial sector.
- Strong technical and programming skills in C++ and Python; exposure to market data, statistics and probability based calculations; using probability theory to evaluate the risks of complex financial instruments, solve analytical equations and design numerical schemes; and knowledge of software design and principles.
- Any level of product knowledge of investments and quantitative methods.
- Consistently demonstrates clear and concise written and verbal communication skills.
Benefits
- 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 tailored to 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.
Counterparty Credit Quantitative Analyst in London employer: Citigroup, Inc.
Citi is an exceptional employer for a Counterparty Credit Quantitative Analyst, offering a dynamic work environment that fosters collaboration and innovation within the financial sector. With a competitive salary, generous holiday allowance, and a hybrid working model, employees benefit from a strong work-life balance while having access to extensive learning and development resources to enhance their careers. The company's commitment to responsible finance and ethical practices ensures a supportive culture where every team member can thrive and contribute meaningfully to the organisation's success.
StudySmarter Expert Advice🤫
We think this is how you could land Counterparty Credit Quantitative Analyst in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Citigroup, Inc.. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Counterparty Credit Quantitative Analyst in London
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.
