At a Glance
- Tasks: Develop and enhance analytics libraries for Interest Rate Derivatives pricing and risk management.
- Company: Join Citi, a leading global financial services company with a commitment to responsible finance.
- Benefits: Enjoy competitive salary, hybrid work model, generous holidays, and private medical insurance.
- Other info: Dynamic role with opportunities for professional growth and a culture of ethics and governance.
- Why this job: Make a real impact in finance by developing cutting-edge quantitative models and collaborating with experts.
- Qualifications: Master's or PhD in a quantitative field; strong programming skills in C++ and Python required.
The predicted salary is between 60000 - 80000 £ 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. This includes advanced calculus, C++ (including STL), C#, .NET, Java, object-oriented software design, Python, kdb, Structured Query Language (SQL), mathematical finance/programming, and statistics and probability, potentially incorporating hardware acceleration.
- 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.
- Appropriately assess risk/reward of transactions when making business decisions and ensure all team members understand the need to do the same, demonstrating 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 and follow these guidelines.
- 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, adhering to Policy, applying sound ethical judgment, and escalating, managing, and reporting control issues with transparency.
- 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, including using probability theory to evaluate risks, solve analytical equations, and design numerical schemes for complex financial instruments.
- 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 employer: Citigroup, Inc.
Citi is an exceptional employer for Quantitative Analysts, offering a dynamic work environment that fosters collaboration with diverse teams across Trading, Sales, and Risk Management. With a strong commitment to employee growth, competitive benefits including a hybrid working model, generous holiday allowance, and access to extensive learning resources, Citi ensures that its employees thrive both professionally and personally in the heart of the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Analyst
✨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
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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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.
✨Apply Directly and Be Proactive
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 Quantitative Analyst
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.
