At a Glance
- Tasks: Join our Quantitative Risk Trading team to manage risk and drive innovative investment strategies.
- Company: Rothesay, the UK's largest pensions insurance specialist, dedicated to securing futures.
- Benefits: Competitive salary, incentive bonuses, and a collaborative work environment with growth opportunities.
- Other info: Dynamic role with on-the-desk training and exposure to diverse financial products.
- Why this job: Make a real impact in the finance industry while developing your quantitative skills.
- Qualifications: Advanced degree in quantitative fields and 1-2 years of relevant experience.
The predicted salary is between 29700 - 36300 £ per year.
Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £73 billion of assets under management, we secure the pensions of nearly one million people and pay out, on average, approximately £360 million in pension payments each month. Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk.
The Quantitative Risk Trading team sits within Rothesay’s wider trading team, working closely with our asset origination, liquid trading, quant, liquidity and risk teams, with the objective of managing deal flow and risk across Rothesay. We work to underwrite individual new asset deals, as well as overseeing the hedging and derivative strategy, and overall deployment strategy across all asset classes.
The Quantitative Risk Trading function was created as a response to the increase in size and complexity of our balance sheet and is continuing to evolve; it offers a great growth opportunity for strong, highly motivated candidates. In general, we are looking for a smart, commercial individual with an excellent academic record, strong quantitative and problem-solving abilities and a high degree of adaptability, with a genuine intellectual appetite to expand their existing skillset.
This role blends commercial insight with quantitative analysis and strategic problem-solving to drive Rothesay’s strategy for underwriting and managing credit and various illiquid risks across its investment book.
Key Responsibilities
The Quantitative Risk Trading role will expose you to a wide range of exotic and vanilla fixed income investments across Rothesay’s business. These asset classes may range from illiquid products such as commercial real estate lending, bilaterally negotiated secured financing trades, infrastructure lending, residential mortgages and other esoteric asset classes, to more liquid products such as vanilla corporate bonds, in addition to topics involving rates, credit and inflation derivatives. Familiarity with these products is not expected, but an ability to grasp new concepts quickly is fundamental to our work.
The role will involve pricing and managing these exposures, for which a good balance of strong quantitative abilities and commercial mind-set will be required. This work will be an important aspect of Rothesay’s business strategy, both in helping to manage the existing asset back-book and contributing to the process for originating and structuring new investments.
The on-the-desk training will be demanding and will require you to undertake challenging project and day-to-day work that will extend your skills and give you direct access to other members of the multi-disciplined Rothesay trading and asset origination teams.
Requirements
- Strong education background: Advanced degree in quantitative disciplines, such as Mathematics, Economics, Engineering and Computer Science
- 1-2 years’ relevant work experience; an ideal candidate will have experience in fixed income and/or structured products
- Familiarity with fixed income products and credit products as well as derivatives
- Extensive experience in financial modelling, combined with quantitative/statistical techniques
- Strong communication skills, ability to work collaboratively
Firm Offers
- Competitive compensation and incentive bonuses
- Collaborative and entrepreneurial environment with significant growth opportunities
Technical Skills
- Demonstrates strong technical skills required for the role, pays attention to detail, takes initiative to broaden his/her knowledge and demonstrates appropriate analytical skills
Drive and Motivation
- Be a self-starter; successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks
Teamwork
- Demonstrate evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions
Communication Skills
- Communicates what is relevant and important in a clear and concise manner and shares information/new ideas with others
Judgement and Problem solving
- Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues
Creativity/Innovation
- Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value
Influencing Outcomes
- Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions and presents persuasive recommendations
Rothesay actively promotes diversity and inclusivity. We know that our success depends on our people and that by nurturing a culture that values difference, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, colour, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age.
Quantitative Risk Junior Trader New London employer: Rothesay
Rothesay is an exceptional employer, offering a dynamic work environment where innovation and collaboration thrive. With a commitment to employee growth and a culture that values diversity and inclusivity, team members are encouraged to contribute their unique ideas while working on impactful projects like Project Quest. Located in the heart of the UK’s financial sector, Rothesay provides its employees with the opportunity to work alongside industry leaders, ensuring a rewarding career path in technology and risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Risk Junior Trader New London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Rothesay. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Quantitative Risk Junior Trader New London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Rothesay.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Rothesay's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Rothesay
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Rothesay.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Rothesay will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Rothesay employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
