Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our SIMM team to enhance risk analytics and margin calculation solutions.
- Company: Leading financial services firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Dynamic role with excellent career advancement potential in a fast-paced environment.
- Why this job: Make a real impact in finance by developing cutting-edge quantitative solutions.
- Qualifications: Master’s degree in a quantitative field and strong programming skills in Python.
The predicted salary is between 80000 - 104000 ÂŁ per year.
We are looking for a quantitative developer to join our SIMM team responsible for maintaining and enhancing the ISDA Standard Initial Margin Model (SIMM) and related analytics infrastructure. This role combines quantitative expertise with strong programming skills to deliver robust, efficient, and scalable solutions for margin calculation and risk analytics.
- Develop and maintain quantitative libraries for risk calculations, including risk weights, correlations, and historical volatility ratios.
- Implement and optimize SIMM methodology within proprietary and vendor platforms.
- Collect, validate, and aggregate market and risk data from multiple sources.
- Develop and maintain backtesting, benchmarking and performance monitoring frameworks to validate SIMM performance against historical P&L vectors.
- Build and enhance analytics platforms to support SIMM processes and parameter recalibration.
- Collaborate with quantitative analysts, risk managers, and technology teams to ensure alignment and efficiency.
- Work closely with SIMM team members and ISDA colleagues to enhance the quality and efficiency of SIMM‑related processes.
Skills and Knowledge
- Strong programming skills in Python (mandatory), with experience in C++, Java, or similar languages.
- Proficiency in data handling and analysis using Pandas, NumPy, and SQL.
- Familiarity with cloud‑based solutions and version control (Git).
- Solid understanding of risk modeling, margin methodologies, and derivatives pricing.
- Knowledge of regulatory frameworks such as BCBS‑IOSCO margin requirements and FRTB‑SBA.
- Results‑Oriented: Demonstrates a proactive and solution‑focused approach to problem‑solving.
- Organized and Efficient: Maintains high levels of productivity through structured and methodical work habits.
- Innovative and Adaptable: Shows creativity in overcoming challenges and flexibility in dynamic environments.
- Receptive to Feedback: Open to coaching and continuous improvement.
Education and Experience
- Master’s degree (or equivalent) in Mathematics, Physics, Computer Science, or a related quantitative discipline.
- At least 5 years of experience in quantitative development within financial services.
- Prior experience in risk management, margin calculation, or derivatives analytics is highly desirable.
- Prior experience working within a consulting firm, or at a sell‑side or buy‑side financial institution.
- Demonstrated involvement in initial margin implementation programmes.
Assistant Director, Quantitative Developer employer: ISDA
Contact Detail:
ISDA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Director, Quantitative Developer
✨Network Like a Pro
Get out there and connect with folks in the industry! Attend meetups, webinars, or even just grab a coffee with someone who’s already in the field. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Show Off Your Skills
Don’t just talk about your programming skills; show them! Create a GitHub profile showcasing your projects, especially those involving Python, C++, or data analysis. We love seeing practical examples of what you can do!
✨Tailor Your Approach
When reaching out to potential employers, make sure to tailor your message to highlight how your experience aligns with their needs. We want to see that you understand the role and can bring value to the team right from the start.
✨Apply Through Our Website
We highly recommend applying directly through our website. It not only shows your interest but also ensures your application gets the attention it deserves. Plus, it’s super easy to navigate!
We think you need these skills to ace Assistant Director, Quantitative Developer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your programming skills in Python and any experience with risk modeling or margin methodologies. We want to see how your background aligns with the role, so don’t be shy about showcasing relevant projects!
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 experience can contribute to our SIMM team. Keep it concise but impactful – we love a good story!
Showcase Your Problem-Solving Skills: In your application, highlight specific examples where you've tackled complex problems or implemented innovative solutions. We’re looking for results-oriented individuals, so let us know how you’ve made a difference in your previous roles.
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 keen on joining our team at StudySmarter!
How to prepare for a job interview at ISDA
✨Know Your Quantitative Stuff
Make sure you brush up on your quantitative skills and knowledge of risk modeling. Be ready to discuss specific methodologies, like the ISDA SIMM, and how you've applied them in your previous roles. This shows you're not just familiar with the concepts but can also implement them effectively.
✨Show Off Your Programming Skills
Since strong programming skills in Python are a must, be prepared to talk about your experience with it and any other languages like C++ or Java. You might even get asked to solve a coding problem on the spot, so practice some common algorithms and data structures beforehand!
✨Demonstrate Your Problem-Solving Approach
Employers love a proactive and solution-focused mindset. Think of examples where you've tackled complex problems in your past roles, especially in quantitative development or risk management. Highlight your innovative solutions and how they improved processes or outcomes.
✨Be Ready for Teamwork Questions
Collaboration is key in this role, so expect questions about how you've worked with quantitative analysts, risk managers, or tech teams. Prepare examples that showcase your ability to communicate effectively and align with others to achieve common goals.