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- Tasks: Lead the design and implementation of pricing and risk infrastructure for equity derivatives.
- Company: Join a dynamic division of Global Banking and Markets in London.
- Benefits: Enjoy hybrid working, competitive daily rates, and opportunities for global collaboration.
- Why this job: Be at the forefront of quantitative finance, impacting trading strategies and regulatory reporting.
- Qualifications: 7-10 years in quantitative analysis with strong C++ and Python skills required.
- Other info: Occasional travel may be needed; work with teams across London, Paris, Hong-Kong, and Bangalore.
The predicted salary is between 72000 - 108000 £ per year.
Job: Senior Equity Derivatives Quant Analyst
Location: London, UK
Working Model: Hybrid working, up to 2 – 3 days on-site
Full Time Employment: Contract Inside IR35
Start Date: ASAP
Daily Rate: up to £1100 Umbrella
Equity Derivatives Quants (a division of Global Banking and Markets) are looking for an experienced C++/Python developer specialising in Structured Equity Derivatives with the ability to lead small teams. The candidate will be expected to:
- Assist the design and implementation of pricing, risk and P&L infrastructure surrounding the core pricing library.
- Take the lead in delivering large components of that strategy, directing junior members of the team. Working with our IT organisation on their foundation components and ensuring they can run the platform to meet SLAs.
- Assist the Quantitative Modelers to develop the core pricing library.
- Direct the development of the Quantitative tooling required to support the platform.
The role will cover the following agendas:
- Delivery of the calculation infrastructure required for FRTB IMA regulatory reporting.
- Design and development of end-of-day risk and P&L calculations allowing the retirement of the legacy vendor platform.
- Design and development of intraday risk and P&L calculations.
- Design and development of market data marking pipelines.
- The candidate should expect to have day-to-day interactions with the trading desk, other quants, the Risk and Finance departments, and technology teams. While the role is London based, the team and clients are located globally with presence in London, Paris, Hong-Kong, and Bangalore. Occasional travel may be required.
MINIMUM REQUIRED QUALIFICATIONS:
- 7-10 years working as a Quantitative Analyst developing models in quantitative finance, IT development, or a trading environment.
- A degree in mathematical finance, science, or maths from a top-tier university.
- Knowledge of the standard pricing models used in the investment banking industry.
- Five or more years C++ experience (preferably using Visual Studio 2017).
- Three or more years Python experience required.
- Previously developed coding standards and extensive experience in CI/CD pipelines.
- Experience of developing multi-component architectures.
- Knowledge of distributed computing and serialisation techniques.
DESIREABLE:
- Background in stochastic processes, probability, and numerical analysis. Physics, Engineering, or similar subjects is desirable, but not strictly required.
- Experience of data analysis.
- Knowledge of the main instruments used in Equities and Equity Derivatives.
- Knowledge of instrument pricing, sensitivity calculations, P&L prediction, P&L explain, VaR, ES and other risk measures.
- Good knowledge of Excel.
- Ability to work in fast-paced environment with proven ability to handle multiple outputs at one time.
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Senior Equity Quant Analyst | London, UK | Hybrid employer: Quanteam
Contact Detail:
Quanteam Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Equity Quant Analyst | London, UK | Hybrid
✨Tip Number 1
Make sure to showcase your experience with C++ and Python prominently. Highlight specific projects where you've developed pricing models or risk calculations, as this will resonate well with the hiring team.
✨Tip Number 2
Demonstrate your leadership skills by discussing any previous experiences where you directed junior team members or led projects. This is crucial since the role involves leading small teams.
✨Tip Number 3
Familiarize yourself with the FRTB IMA regulatory reporting requirements. Being able to discuss how your past work aligns with these regulations can set you apart from other candidates.
✨Tip Number 4
Network with professionals in the equity derivatives space, especially those who have experience in global banking. Engaging with them can provide insights and potentially lead to referrals for the position.
We think you need these skills to ace Senior Equity Quant Analyst | London, UK | Hybrid
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in quantitative finance, particularly with C++ and Python. Emphasize any leadership roles you've had, especially in developing pricing models or working with trading desks.
Craft a Strong Cover Letter: In your cover letter, explain why you're passionate about equity derivatives and how your background aligns with the responsibilities of the role. Mention specific projects where you've led teams or developed complex models.
Showcase Relevant Skills: Clearly outline your technical skills related to the job description, such as your experience with CI/CD pipelines, distributed computing, and risk measures like VaR and P&L calculations. Use examples to demonstrate your expertise.
Highlight Team Collaboration: Since the role involves interaction with various departments, mention any past experiences where you successfully collaborated with IT, Risk, or Finance teams. This will show your ability to work in a hybrid environment effectively.
How to prepare for a job interview at Quanteam
✨Showcase Your Technical Skills
Be prepared to discuss your experience with C++ and Python in detail. Highlight specific projects where you developed pricing models or worked on CI/CD pipelines, as this will demonstrate your technical expertise relevant to the role.
✨Understand the Business Context
Familiarize yourself with the key concepts of equity derivatives and the regulatory environment, especially FRTB IMA reporting. This knowledge will help you engage in meaningful discussions about how your work can impact the trading desk and overall business strategy.
✨Demonstrate Leadership Experience
Since the role involves leading small teams, be ready to share examples of how you've successfully directed junior members in past projects. Discuss your approach to mentoring and how you ensure team collaboration and productivity.
✨Prepare for Behavioral Questions
Expect questions that assess your ability to work in a fast-paced environment and handle multiple outputs. Use the STAR method (Situation, Task, Action, Result) to structure your responses and provide clear examples of how you've managed challenges in previous roles.
