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- Tasks: Join a dynamic team to validate and analyse Profit and Loss daily.
- Company: Lunalogic UK partners with top investment banks for innovative financial solutions.
- Benefits: Enjoy a collaborative work environment with opportunities for growth and learning.
- Why this job: Make an impact in finance while honing your analytical and IT skills.
- Qualifications: Graduate in investment finance or IT; strong Python and VBA skills required.
- Other info: Ideal for proactive problem solvers eager to tackle real-world financial challenges.
The predicted salary is between 36000 - 60000 £ per year.
Lunalogic UK is looking for a PnL Quantitative Analyst with strong Python skills to join one of its investment banking clients. The team you will join is responsible for daily validation of Profit and Loss, providing explanations based on market movements, associated risks, and the effects of new trades and events impacting them.
Responsibilities:
- You ensure the control of the trade lifecycle.
- You are particularly involved in the production, analysis, and validation of the P&L in keeping with FRTB.
- With your dual role as Analyst and IT specialist, you perform control and monitoring tasks to identify correct and incorrect points, with the help of IT and Quantitative Research.
- Proactive and resolve minded, you implement analytical tools to reduce P&L calculation errors.
- You identify a list of priority issues impacting the P&L Explain validation and liaise with IT for resolution.
Qualifications and Skills:
- Graduate from a top university or engineering school in investment finance within IT.
- Experience in Front Office or Risk department.
- Good theoretical knowledge of derivative products and Risk indicators (P&L explain, Greeks etc).
- Strong analytical and communication skills (ability to clearly explain technical issues).
- Strong IT skills in Python and VBA.
Soft Skills:
- Strong desire to investigate and resolve issues.
- Ability to learn quickly under time pressure.
- Hardworking.
- Comfortable working in a matrix reporting environment.
PnL Quantitative analyst employer: Lunalogic Group
Contact Detail:
Lunalogic Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PnL Quantitative analyst
✨Tip Number 1
Familiarise yourself with the specific tools and technologies mentioned in the job description, particularly Python and VBA. Consider working on personal projects or contributing to open-source projects that showcase your skills in these areas.
✨Tip Number 2
Network with professionals in the investment banking sector, especially those who work in PnL analysis or risk management. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Brush up on your knowledge of derivative products and risk indicators like P&L explain and Greeks. Being able to discuss these topics confidently during interviews will demonstrate your expertise and enthusiasm for the role.
✨Tip Number 4
Prepare for technical interviews by practising problem-solving scenarios related to P&L validation and trade lifecycle control. This will help you articulate your thought process and analytical skills effectively when faced with real-world challenges.
We think you need these skills to ace PnL Quantitative analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your strong Python skills and relevant experience in investment finance. Emphasise any roles where you were involved in P&L analysis or risk management, as these are crucial for the position.
Craft a Compelling Cover Letter: In your cover letter, explain why you're interested in the PnL Quantitative Analyst role at Lunalogic UK. Mention specific experiences that demonstrate your analytical skills and your ability to communicate complex technical issues clearly.
Showcase Relevant Projects: If you've worked on projects involving P&L validation or risk indicators, include them in your application. Describe your role, the tools you used (like Python or VBA), and the outcomes of your work to illustrate your capabilities.
Highlight Soft Skills: Since the role requires strong communication and problem-solving skills, make sure to mention instances where you've successfully resolved issues or worked under pressure. This will show that you possess the soft skills needed for the job.
How to prepare for a job interview at Lunalogic Group
✨Showcase Your Python Skills
Since strong Python skills are crucial for this role, be prepared to discuss your experience with Python in detail. Bring examples of projects or tasks where you've used Python to solve complex problems, especially in finance or risk analysis.
✨Understand P&L Concepts
Make sure you have a solid grasp of Profit and Loss concepts, including how market movements affect P&L. Be ready to explain these concepts clearly, as communication is key in this role.
✨Demonstrate Analytical Thinking
Prepare to showcase your analytical skills by discussing past experiences where you've identified issues and implemented solutions. Use specific examples that highlight your proactive approach to problem-solving.
✨Familiarise Yourself with FRTB Regulations
As the role involves working in accordance with FRTB, it’s beneficial to understand these regulations. Be ready to discuss how they impact P&L calculations and any relevant experience you have in this area.
