At a Glance
- Tasks: Build and maintain pricing and risk systems for FX Options using C++ and Python.
- Company: Join Citi, a global leader in financial services with a collaborative culture.
- Benefits: Enjoy competitive salary, generous holiday allowance, and hybrid working model.
- Other info: Dynamic environment with excellent career growth and learning opportunities.
- Why this job: Make a real impact on FX Options trading while developing your quantitative skills.
- Qualifications: Experience in C++ and Python, with a background in mathematics or computer science.
The predicted salary is between 78750 - 96250 £ per year.
Citi is looking for a Quantitative Developer to join the FX options quantitative development team, building and maintaining the pricing and risk infrastructure that powers the FX Options trading desk. In this role, you will sit at the intersection of software engineering and quantitative finance, translating complex mathematical models into robust, production-grade systems used by traders and structurers daily. This is an opportunity to make a direct and measurable impact on how FX Options are priced, risk-managed, and delivered at global scale.
What you’ll do:
- Build and maintain analytics libraries that support real-time pricing and risk management for FX Options products.
- Design and implement quantitative pricing models using numerical techniques including Monte Carlo methods and partial differential equation solvers.
- Develop production software using C++ and Python, applying object-oriented design principles and performance optimisation techniques including hardware acceleration.
- Work closely with traders and structurers to translate business requirements into reliable, scalable quantitative systems.
- Collaborate with technology teams to integrate models into trading infrastructure.
- Partner with risk, compliance, legal, and finance teams to ensure quantitative systems meet governance and control standards.
- Apply sound risk awareness when contributing to business decisions, ensuring that model outputs and system behaviour align with the firm's risk and conduct standards.
What we’ll need from you:
- Demonstrated software engineering ability in C++ and Python with practical experience.
- Knowledge of statistics, probability theory, and their application to the evaluation and risk assessment of complex financial instruments.
- Ability to design and implement numerical schemes and solve analytical equations relevant to financial modelling.
- Familiarity with market data structures and how they are used in pricing and risk calculations.
- Understanding of quantitative methods and investment products at any level of depth, with a willingness to develop further in a trading environment.
- Clear and concise written and verbal communication skills, with the ability to explain technical concepts to non-technical partners.
- A bachelor's degree or equivalent experience in a relevant discipline such as mathematics, computer science, physics, or engineering.
Beneficial Skills & Qualifications:
- Exposure to FX Options or other derivatives products, including an understanding of how they are structured and traded.
- Experience working in a financial services environment alongside trading desks or quantitative research teams.
- Practical exposure to hardware acceleration techniques for performance-critical quantitative applications.
What We Offer:
We work hard to have a positive financial and social impact on the communities we serve. In turn, we put our employees first and provide the best-in-class benefits they need to be well, live well and save well. By joining Citi London, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive base salary (which is annually reviewed), and enjoy a whole host of additional benefits such as:
- Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure
- A discretional 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
Alongside these benefits, Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day. We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.
FX Options Quantitative Developer (Assistant Vice President) in London employer: CitiGroup
Citi is an exceptional employer that offers a dynamic work environment where employees can thrive and make a significant impact in the investment banking sector. With a strong focus on professional development, team collaboration, and community engagement, associates are empowered to grow their careers while contributing to meaningful projects within the Consumer, Luxury & Retail team. Located in a vibrant city, Citi provides unique opportunities for networking and exposure to leading global consumer players, making it an ideal place for ambitious professionals seeking rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land FX Options Quantitative Developer (Assistant Vice President) 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
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.
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Don’t shy away from reaching out directly to firms like CitiGroup. 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 FX Options Quantitative Developer (Assistant Vice President) 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.
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'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
✨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.
✨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 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 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.
