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- Tasks: Develop and implement cutting-edge risk and pricing models using C++.
- Company: Join CME Group, the world’s leading derivatives marketplace.
- Benefits: Competitive salary, career growth, and a collaborative work environment.
- Why this job: Make a global impact while working with top experts in finance technology.
- Qualifications: Experience in quantitative risk models and strong C++ skills required.
- Other info: Dynamic team culture with opportunities to mentor junior developers.
The predicted salary is between 48000 - 72000 £ per year.
Locations: London - Fruit & Wool Exchange
Time type: Full time
Job requisition id: 33770
Sr Quant Risk Development Associate is responsible for developing/implementing Risk/Pricing Models that evaluate counterparty exposures to the Clearing House and their C++ implementation and testing for Windows and Linux. The models include pricing asset classes constituting CME portfolios, models related to Value-at-Risk, Liquidity, Regulatory Capital, and compliant with Stress Testing and other model validation techniques. The role implies developing tools for Portfolio Analytics and particularly Sensitivities, Margin Coverage, Risk Scenario generation, Liquidity charges, and reports.
This role would fit someone with hands-on experience in risk model implementation and/or pricing models in IRS, FX, CDS, Swaptions, or Futures/Commodities and participation in C++ projects.
Principal Accountabilities:
- Code development of new quantitative risk models within the CME C++ production risk library (based on mathematical specifications and research code)
- Writing unit and functional test cases and obtaining test data from systems or other groups
- Work with the QA teams to ensure correctness not only within the risk library itself but also the integration into the wider system infrastructure (e.g. data integrity, correct usage)
- Work with IT teams to help bring the code into production
- Agreeing on timelines, milestones, interfaces, required data, format, and providing documentation and usage assistance
- Lead or manage junior quantitative developers and mentor/develop skills among junior quant developers
- Responsible for code reviews, design discussions and documentation
- Collaborate with offshore development teams and coordinate projects to guarantee a timely delivery
Skills and Software Requirements:
- Experience in developing finance-related software with an emphasis on (numerical) algorithms (e.g. pricing or calibration)
- Possession of good analytical, mathematical, and problem-solving skills, with good quantitative skills being a plus
- Ability to read and understand mathematical and algorithmic specifications
- Good knowledge of C++ with strong working knowledge in STL and 4+ years of experience
- Basic knowledge of Java and/or C#
- Working knowledge of versioning systems (e.g. git) and development environments (e.g. Visual Studio, Eclipse)
- System experience with Linux/Unix environments, databases, Latex documentation system is a plus
- Ability to lead or mentor junior developers (onshore and offshore) and to collaborate with other teams (onshore and offshore)
- Good presentation/writing skills on code documentation, white papers, etc. as well as strong oral and written communication skills
CME Group: Where Futures are Made
CME Group is the world’s leading derivatives marketplace. But who we are goes deeper than that. Here, you can impact markets worldwide. Transform industries. And build a career by shaping tomorrow. We invest in your success and you own it – all while working alongside a team of leading experts who inspire you in ways big and small. Problem solvers, difference makers, trailblazers. Those are our people. And we’re looking for more.
At CME Group, we embrace our employees' unique experiences and skills to ensure that everyone’s perspectives are acknowledged and valued. As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.
Important Notice: Recruitment fraud is on the rise, with scammers using misleading promises of job offers and interviews to solicit money and personal information from job seekers. CME Group adheres to established procedures designed to maintain trust, confidence and security throughout our recruitment process.
Sr Quant Development Associate employer: CME Group Inc.
Contact Detail:
CME Group Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sr Quant Development Associate
✨Tip Number 1
Network like a pro! Reach out to folks in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions and showcasing your C++ skills. We all know that confidence is key, so the more you rehearse, the better you'll perform!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings that match your skills and interests!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. It’s a small gesture that can make a big difference.
We think you need these skills to ace Sr Quant Development Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Sr Quant Development Associate role. Highlight your experience with risk models, C++, and any relevant projects you've worked on. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about quantitative development and how your background makes you a great fit for our team. Keep it concise but impactful – we love a good story!
Showcase Your Technical Skills: Don’t forget to highlight your technical skills in your application. Mention your experience with C++, algorithms, and any tools you've used. We’re keen on seeing how you can contribute to our projects right from the get-go!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at CME Group Inc.
✨Know Your Models Inside Out
Make sure you’re well-versed in the risk and pricing models relevant to the role. Brush up on your knowledge of Value-at-Risk, Liquidity, and Regulatory Capital models. Being able to discuss these concepts confidently will show that you’re not just familiar with them but can also apply them practically.
✨C++ Proficiency is Key
Since the role heavily involves C++, ensure you can demonstrate your coding skills. Prepare to discuss your past projects, particularly those involving quantitative risk models. You might even be asked to solve a coding problem during the interview, so practice writing clean, efficient code beforehand.
✨Collaboration is Crucial
This position requires working with various teams, including QA and IT. Be ready to share examples of how you’ve successfully collaborated in the past. Highlight your experience mentoring junior developers or coordinating with offshore teams, as this will showcase your leadership and teamwork abilities.
✨Prepare for Technical Questions
Expect technical questions that test your analytical and problem-solving skills. Review common algorithms and numerical methods used in finance. Practising explaining complex concepts in simple terms can also help, as communication skills are just as important as technical know-how.
