At a Glance
- Tasks: Develop analytics and models to support trading and risk management in a dynamic environment.
- Company: Join DRW, a leading trading firm with a culture of innovation and collaboration.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Why this job: Make an impact by blending quantitative analysis with hands-on tool development.
- Qualifications: Experience in quantitative finance and strong programming skills are essential.
- Other info: Collaborate with diverse teams and thrive in a fast-paced trading atmosphere.
The predicted salary is between 36000 - 60000 £ per year.
DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets. We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it’s how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.
We are seeking a Quantitative Product Specialist to join our Global Quantitative Modeling and Analytics team. This is a front-office role that blends quantitative analysis, risk and P&L understanding, and hands-on tool development with close collaboration across our trading, quantitative research, technology and risk teams.
The ideal candidate will be able to:
- Act as a desk strategist, developing analytics, models, and tools to support trading and risk management.
- Work closely with technologists to validate models and analytics, transform prototypes into robust production systems.
- Translate trader and researcher requirements into clear technical specifications and project plans.
This is a unique opportunity for a hybrid profile — someone comfortable talking markets and models with researchers and traders, but equally adept discussing data pipelines, APIs, and system architecture with technologists.
Key Responsibilities
- Partner with traders, desk strategists, and researchers to design and enhance risk, P&L, and analytics tools.
- Prototype and implement quantitative models and curve construction tools for fixed income markets.
- Perform data analysis to validate and improve model inputs, calibration, and outputs.
- Collaborate with technology teams to productionize models and integrate analytics into live trading/risk systems.
- Translate vague requests from the trading desk (e.g., "We need a new view on inflation swaps") into clear, mathematical, and functional specifications for software engineers.
- Act as a conduit between front-office stakeholders and developers, ensuring business requirements are clearly captured and translated into technical designs.
- Lead the User Acceptance Testing for new system releases, ensuring the numbers produced by the Tech team match the expectations of the Quantitative Research team.
- Maintain and improve existing quantitative tools, responding to evolving market conditions and desk needs.
- Monitor daily risk and P&L outputs, investigating discrepancies and improving accuracy.
- Collaborate with data engineers to streamline the flow of market data into pricing models.
Qualifications & Experience
- Background in quantitative finance, financial engineering, applied mathematics, physics or related technical field.
- 2–5 years' experience in a front-office quant/strategist role, preferably in fixed income or FX markets.
- Strong programming skills (Python, C++, or similar) and proven ability to build production-quality tools.
- Proficiency in SQL and time-series analysis is a plus.
- Familiarity with Git, version control, and collaborative coding environments.
- Solid understanding of market data, yield curve construction, and pricing/risk methodologies.
- Familiarity with fixed income products (rates, credit, derivatives).
- Experience collaborating with technology teams to deploy live applications.
- Excellent communication skills to bridge front-office requirements with technical implementation.
- Ability to discuss PnL attribution with a Trader one minute and explain API requirements to a C# Developer the next.
- Strong problem-solving ability and comfort working in fast-paced trading environments.
For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.
Quantitative Product Specialist in London employer: DRW Holdings, LLC.
Contact Detail:
DRW Holdings, LLC. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Product Specialist in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at DRW or similar firms. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Show off your skills! If you've got a project or a model you've built, bring it to the table during interviews. Demonstrating your quantitative prowess can really set you apart from the crowd.
✨Tip Number 3
Be ready to pivot! In a fast-paced environment like DRW, adaptability is key. Prepare to discuss how you've tackled unexpected challenges in the past and how you can bring that flexibility to their team.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in being part of the DRW family.
We think you need these skills to ace Quantitative Product Specialist in London
Some tips for your application 🫡
Show Your Quantitative Skills: Make sure to highlight your background in quantitative finance or related fields. We want to see how your skills can contribute to our trading and risk management efforts, so don’t hold back on showcasing your experience with models and analytics.
Tailor Your Application: When applying, tailor your CV and cover letter to reflect the specific requirements of the Quantitative Product Specialist role. Use keywords from the job description to demonstrate that you understand what we’re looking for and how you fit into that picture.
Be Clear and Concise: In your written application, clarity is key. We appreciate straightforward communication, so make sure your points are easy to follow. Avoid jargon unless it’s relevant, and focus on conveying your ideas effectively.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at DRW Holdings, LLC.
✨Know Your Quantitative Stuff
Make sure you brush up on your quantitative finance knowledge. Be ready to discuss models, analytics, and risk management tools in detail. Familiarise yourself with fixed income and FX markets, as well as any relevant programming languages like Python or C++.
✨Show Off Your Communication Skills
Since this role requires liaising between traders and technologists, practice explaining complex concepts in simple terms. Prepare examples of how you've successfully communicated technical requirements in the past, and be ready to demonstrate your ability to switch between technical and non-technical discussions.
✨Prepare for Real-World Scenarios
Think about potential scenarios you might face in the role, such as translating vague requests from traders into clear specifications. Be prepared to walk through your thought process and problem-solving approach during the interview, showcasing your analytical skills and ability to work under pressure.
✨Understand DRW's Culture
Research DRW’s values and culture, focusing on their emphasis on integrity, innovation, and collaboration. Be ready to discuss how your personal values align with theirs and provide examples of how you've thrived in similar environments. This will show that you're not just a fit for the role, but also for the company.