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- Tasks: Develop and implement cutting-edge risk and pricing models using C++.
- Company: Join a leading financial institution focused on innovation and collaboration.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Make a real impact in finance while working with advanced technologies and talented teams.
- Qualifications: Experience in risk model implementation and strong C++ skills required.
- Other info: Dynamic work environment with mentorship opportunities and career advancement.
The predicted salary is between 43200 - 72000 £ per year.
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.
As an equal-opportunity employer, we consider all potential employees without regard to any protected characteristic.
Sr Quant Development Associate in London employer: CME Group
Contact Detail:
CME Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Sr Quant Development Associate in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend meetups, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Show off your skills! Create a portfolio showcasing your projects, especially those involving C++ and risk models. This gives potential employers a taste of what you can do and sets you apart from the crowd.
✨Tip Number 3
Prepare for interviews by brushing up on your technical knowledge and problem-solving skills. Be ready to discuss your experience with quantitative risk models and coding challenges, as they’ll likely want to see how you think on your feet.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Sr Quant Development Associate in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with risk models and C++ development. We want to see how your skills align with the role, so don’t be shy about showcasing relevant projects or achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about quantitative risk development and how your background makes you a perfect fit for our team. Keep it engaging and personal!
Showcase Your Technical Skills: Don’t forget to mention your proficiency in C++, as well as any experience with algorithms and finance-related software. We love seeing candidates who can demonstrate their technical prowess clearly and confidently.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re genuinely interested in joining StudySmarter!
How to prepare for a job interview at CME Group
✨Know Your Models Inside Out
Make sure you’re well-versed in the risk and pricing models mentioned in the job description. Brush up on your knowledge of Value-at-Risk, Liquidity, and Regulatory Capital. 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 numerical algorithms or financial software. You might even be asked to solve a coding problem on the spot, so practice common C++ challenges 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, especially in mentoring junior developers or coordinating with offshore teams. Highlighting your teamwork skills will show you’re a good fit for their collaborative environment.
✨Prepare for Technical Questions
Expect technical questions related to your experience with versioning systems like git and development environments such as Visual Studio or Eclipse. Review your past experiences and be prepared to explain your approach to code reviews and documentation. This will demonstrate your thoroughness and attention to detail.