At a Glance
- Tasks: Develop and validate quantitative models for FX Options, enhancing risk management strategies.
- Company: Join Citi, a global leader in financial services with a commitment to client growth.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional development.
- Other info: Collaborative environment with mentorship opportunities and career advancement potential.
- Why this job: Make a significant impact in quantitative finance while working with cutting-edge technology.
- Qualifications: Experience in quantitative model development, proficiency in C++ and Python, strong analytical skills.
The predicted salary is between 50000 - 70000 £ per year.
By joining Citi, you will become part of a global organisation whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.
FX Options Quantitative Analyst is a strategic professional within the Markets Quantitative Analysis (MQA) department with a specialized focus on FX Options modelling. This role contributes to directional strategy by applying deep technical expertise in quantitative modelling, particularly for FX and interest rate products. The ideal candidate will have several years of experience in quantitative model development, demonstrating proficiency in C++ programming and a working knowledge of Python for analytical tasks. This position demands strong analytical capabilities, the ability to communicate complex technical concepts effectively, and the capacity to influence colleagues and stakeholders across the organization. The individual will have a significant impact on the quantitative risk assessment and model integrity within the FX Options business.
What you’ll do:
- Develops, enhances, and validates quantitative models and methodologies, specifically for measuring and analyzing market risk in FX Options, including exotic products.
- Manages model risk across the model life‑cycle, including model validation, ongoing performance evaluation and annual model reviews for FX Options models.
- Produces advanced analytics and reporting to support risk management for Citi’s FX Options operations.
- Translates complex business requirements and intricate financial concepts into robust programming and data criteria, conducting thorough system and operational research to model expected results.
- Develops and enhances high‑performance analytic engines for FX Options product lines, primarily utilizing C++.
- Communicates complex quantitative model results and validation findings to diverse audiences, including senior management.
- Conducts thorough analysis and prepares detailed technical documentation for model validation, adhering to regulatory guidelines and industry best practices.
- Provides effective challenge to model assumptions, mathematical formulation, and implementation, specifically in the context of FX Options and interest rate products.
- Assesses and quantifies model risk due to model limitations, informing stakeholders of their risk profile and contributing to the development of limitation actions.
- Participates in cross‑functional initiatives aimed at solving complex business problems related to quantitative finance.
- Identifies opportunities for enhancing existing models and developing new quantitative solutions that yield measurable business results.
- Provides guidance and mentorship to junior quantitative analysts.
- Manages stakeholder interactions with model developers and business owners throughout the model life‑cycle.
FX Options Quantitative Analyst (Vice President) in London employer: Citigroup, Inc.
Citi is an exceptional employer that fosters a dynamic and inclusive work culture, where innovation and collaboration are at the forefront of our mission to drive economic progress. As a Vice President in the FX Options Quantitative Analyst role, you will benefit from extensive professional development opportunities, mentorship from industry leaders, and the chance to make a significant impact on global financial markets. Located in a vibrant city, Citi offers a stimulating environment that encourages creativity and growth, making it an ideal place for talented individuals seeking meaningful and rewarding careers.
