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- Tasks: Develop and validate pricing algorithms for exotic derivatives in a hands-on role.
- Company: Leading financial firm in London with a focus on quantitative development.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Ideal for those passionate about finance and looking for a challenging yet rewarding role.
- Why this job: Join a dynamic team and make an impact in the world of finance with your coding skills.
- Qualifications: 15-20 years of experience in quantitative development and strong programming skills in Python or Java.
The predicted salary is between 80000 - 120000 £ per year.
Find out if this opportunity is a good fit by reading all of the information that follows below.
Location: London, UK (Hybrid)
Duration: 12 Months+ Extendable contract
Looking for a highly senior hands-on Quantitative Engineer / Quant Developer with strong experience in Exotic OTC Derivatives pricing and risk modelling. This is a pure hands-on individual contributor role and not suitable for managerial, architecture-only, or research-focused candidates.
Should have around 15–20+ years of experience in quantitative development with strong exposure to production-grade pricing libraries, risk engines, calibration frameworks, and exotic payoff models across asset classes such as Equity, Rates, FX, and Commodities.
Need someone who can independently write pricing algorithms, validate quantitative outputs, and explain the mathematical models and pricing papers in detail. The candidate should be capable of verifying pricing numbers against market standards and supporting client-facing validation documentation.
Python is the preferred primary programming language, while strong Java experience is also highly preferred because the team works primarily in a Java-based environment. Candidates with C++ background can also be considered if they have strong quantitative engineering experience.
Requires strong experience in performance optimization, scalable pricing implementations, and low-latency quantitative systems. This role requires both numerical accuracy and production efficiency.
The candidate should have deep understanding of exotic derivatives, OTC market behaviour, pricing conventions, curve frameworks, sensitivities, calibration techniques, stress testing, and real-world quantitative modelling constraints.
Candidates with a Master’s or PhD in Mathematics, Physics, Engineering, Computer Science, or related fields are preferred. However, strong commercial experience can compensate for the absence of a PhD.
IMMEDIATE START - Developer in Westminster employer: Lancesoft Ltd
Contact Detail:
Lancesoft Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IMMEDIATE START - Developer in Westminster
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend meetups, and engage in online forums. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding the latest trends in quantitative development. Practice explaining complex concepts in simple terms, as you'll need to communicate effectively with both technical and non-technical stakeholders.
✨Tip Number 3
Showcase your projects! Whether it's through a portfolio or GitHub, let your work speak for itself. Highlight any relevant experience with exotic derivatives and pricing algorithms to catch the eye of potential employers.
✨Tip Number 4
Don't forget to apply through our website! We make it easy for you to find roles that match your skills. Plus, it shows you're genuinely interested in joining our team, which can give you an edge over other candidates.
We think you need these skills to ace IMMEDIATE START - Developer in Westminster
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in quantitative development, especially with exotic OTC derivatives. We want to see how your skills match the job description, so don’t hold back on showcasing your relevant projects and achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. We love seeing candidates who can articulate their passion for quantitative engineering and how their background aligns with our needs.
Showcase Your Technical Skills: Since this role is hands-on, make sure to highlight your programming skills, particularly in Python and Java. We’re looking for someone who can write pricing algorithms and validate outputs, so include any relevant projects or experiences that demonstrate these abilities.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Lancesoft Ltd
✨Know Your Stuff
Make sure you brush up on your knowledge of exotic OTC derivatives and pricing models. Be ready to discuss your experience with production-grade pricing libraries and risk engines, as well as any specific projects you've worked on that relate to the job description.
✨Show Off Your Coding Skills
Since Python and Java are key for this role, prepare to demonstrate your coding abilities. You might be asked to solve a problem on the spot, so practice writing clean, efficient code and be ready to explain your thought process.
✨Prepare for Technical Questions
Expect in-depth questions about quantitative modelling, calibration techniques, and performance optimisation. Brush up on your mathematical models and be prepared to explain them clearly, as well as how you’ve applied them in real-world scenarios.
✨Client-Facing Experience Matters
Since the role involves client-facing validation documentation, think of examples where you've had to communicate complex quantitative concepts to non-technical stakeholders. Being able to articulate your work clearly will set you apart from other candidates.