At a Glance
- Tasks: Coach and mentor a team while conducting cutting-edge research in finance.
- Company: Join CMC Markets, a leader in trading and financial markets.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to work with AI and machine learning in finance.
- Why this job: Be at the heart of market-making and influence real trading strategies.
- Qualifications: Degree in quantitative finance or related field; strong analytical skills required.
The predicted salary is between 72000 - 88000 £ per year.
Quantitative Researcher CMC Markets strives to provide the best trading experience for a wide spectrum of clients to participate in the financial markets.
In order to expand this team, we are looking for an experienced Quantitative Researcher to coach and mentor others whilst contributing fully towards our shared goals.
Our Quants have responsibility for pricing models covering an expanding product range and also work to optimise CMC’s risk management strategies.
This role will offer a varied and fast-paced working environment, regularly interacting with the dealing, operations, risk and IT development teams.
This is an excellent opportunity to be sitting in the core of the business and develop a deep understanding of the Market Making financial industry.
Key responsibilities: Coach, mentor and help grow an existing team of Quantitative Researchers.
Conduct research into alpha opportunities, pricing improvements, hedging effectiveness and execution performance across CMC's product set.
Research, develop and deploy machine learning and AI models to improve pricing, forecasting, risk management and trading decision-making across the business.
Partner with developers and trading stakeholders to productionise research outputs and monitor model performance after deployment.
Translate complex analytical findings into clear recommendations for both technical and non-technical audiences.
Maintain personal/professional development to meet the changing demands of the role, including all relevant regulatory and legislative training.
Take all reasonable steps to ensure appropriate confidentiality.
Key skills & experience: A degree in quantitative finance, mathematics, computer science or equivalent disciplines.
Strong analytical and quantitative research capabilities, ideally gained in trading, market making, electronic execution, derivatives or other front-office environments.
Experience applying machine learning and AI techniques to financial and time-series data, including feature engineering, model selection, validation and performance monitoring.
Strong skills in Python, SQL and time-series analysis.
Experience using Python ML libraries such as scikit-learn, XGBoost, Py Torch or Tensor Flow.
Experience analysing high-volume or high-frequency time-series data and building reliable research workflows.
Ability to design robust experiments and evaluate models using appropriate metrics, cross-validation and out-of-sample testing.
Understanding of model governance, explainability, bias, overfitting and production monitoring in a regulated environment.
Excellent communication skills, both written and spoken.
CMC Markets is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.
- Summary
- Type: Full time
Quantitative Researcher employer: CMC Markets
CMC Markets is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. As a Senior Project Manager, you will have the opportunity to lead transformative projects in a regulated fintech landscape, supported by a culture that values professional growth and diversity. With a commitment to employee development and a focus on delivering impactful results, CMC Markets stands out as a rewarding place to advance your career.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Researcher
✨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.
✨Connect on Professional Platforms
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 CMC Markets. 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 Researcher
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 CMC Markets.
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 CMC Markets'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 CMC Markets
✨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 CMC Markets.
✨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 CMC Markets 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 CMC Markets 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.
