At a Glance
- Tasks: Review and validate derivative models for pricing and risk management across all asset classes.
- Company: Join a prestigious tier 1 bank in the heart of London.
- Benefits: Competitive salary, exposure to cutting-edge finance technology, and career advancement opportunities.
- Other info: Dynamic team environment focused on technology-driven trading and model governance.
- Why this job: Make a real impact in finance while working with top-tier professionals and innovative models.
- Qualifications: PhD or MSc in a numerate subject and 4 years of relevant experience required.
The predicted salary is between 54000 - 66000 £ per year.
Cross Asset Model Validation Quant – Contract 1YQuant Capital is urgently looking for a Model Validation Quant to join our high profile client.
Our client is a well known tier 1 bank based in the city.
The role is as a Quantitative Analyst to independently review, analyse and test derivative models for pricing and risk management of products across all asset classes.
Our Tier 1 Investment Banking client is currently seeking a Quantitative Analyst to join their Model Validation team, validating models across all asset classes for pricing and risk.
Day to Day the Quantitative Analyst will: Review and analyse models using deep understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks that are inherent from trading these products.
Development of independent validation models on mostly linear credit trading products and Interest Rate Derivatives Liaise with Front and Middle Office representatives The role is as a Quantitative Analyst to independently review, analyse and test derivative models for pricing and risk management of products across all asset classes.
Additional responsibilities will include active engagement with and oversight responsibility for the due diligence aspects of the New Product Approval Process and model governance.
Model Validation Quants Must Have Ph D or MSc qualification in numerate subject such as Mathematics, Financial Mathematics, Physics or Statistics.4 Years experience in a Model Validation or Front Office Quant role or other relevant quantitative finance role.
Interest Rate experience (may not be derivs)Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms.
Experience in coding in C++ or R potentially CPrevious experience of regulatory interaction and familiarity with the broader industry and regulatory environment a distinct advantage.
This team is a business driven by technology and trading, all of their models and investment decisions are computer based most of them trading automatically.
If you are looking into a further career in finance this is the ideal opportunity.
My client is based in London Quant, Quantitative, IRD, Interest Rates, Rates, Derivatives, Model Validation, Market Risk
Cross Asset Model Validation Quant – Contract 1Y in London employer: Quant Capital
Quant Capital is an excellent employer for those looking to thrive in the fintech sector, offering a vibrant work culture that fosters innovation and collaboration. With substantial training and development opportunities, employees can enhance their skills while enjoying a flexible hybrid work model in the heart of London. Join us to be part of a forward-thinking team that values growth and cutting-edge technology.
StudySmarter Expert Advice🤫
We think this is how you could land Cross Asset Model Validation Quant – Contract 1Y in London
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Quant Capital.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
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Keep your eyes peeled on job boards specifically for finance roles. Companies like Quant Capital might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Cross Asset Model Validation Quant – Contract 1Y in London
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Quant Capital will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Quant Capital. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Quant Capital confidence in your short-term commitment to the role.
How to prepare for a job interview at Quant Capital
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Quant Capital.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Quant Capital that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
