Credit Quantitative Analyst

We are seeking a mid-level Front Office Credit Pricing Quantitative Analyst to join our dynamic team in London, focusing on model development activities within the Credit trading desk. This pivotal role involves close collaboration with traders, sales personnel, structurers, and other modelling experts to enhance valuation techniques and refine risk management methodologies. The successful candidate will be instrumental in delivering accurate, robust, and innovative modelling solutions that align with evolving market conditions and business priorities. This position offers an excellent opportunity to make a tangible impact by leveraging quantitative expertise in credit pricing modelling, and contributing directly to business strategy. The role demands a proactive and analytical mindset, with a commitment to maintaining the highest standards of model integrity and documentation.

Key Responsibilities

• Partnering with traders, sales teams, structurers, and fellow quantitative analysts to execute comprehensive product development plans that support business goals and client needs.
• Maintaining an acute awareness of the prevailing economic, regulatory, and market environment impacting Financial Markets, ensuring that model and analytic capabilities remain best-in-class.
• Designing, developing, and maintaining sophisticated pricing and risk management models for Flow Credit products, ensuring robust performance under diverse market conditions.
• Preparing detailed model documentation, including clear testing materials and validation reports, to comply with internal and external regulatory requirements.
• Continuously enhancing existing analytics to improve accuracy, efficiency, and consistency across credit pricing modelling frameworks.
• Conducting research on emerging models and advanced numerical techniques published in academic or industry literature, and integrating relevant innovations into our modelling suite.
• Providing day-to-day technical support and advisory to business units involved in credit products, ensuring smooth operational workflows and effective risk controls.
• Ensuring all models are developed and maintained in strict compliance with Group Model Risk policies and relevant standards.
• Proactively driving the implementation and adoption of the Group Model Risk policy across credit modelling activities, fostering a culture of responsibility and transparency.

Qualifications

• A strong academic background - Master’s or PhD degree in numerate/quantitative subjects such as Mathematics, Physics, Financial Maths, Engineering.
• Demonstrated experience in developing credit pricing models within Financial Markets in a Front Office environment, or validation of such models, preferably within international banks or other major financial institutions.
• Proficiency in C++ for model implementation and data analysis.
• In-depth knowledge of numerical methods, stochastic calculus, probability theory, and their application in financial modelling.
• Comprehensive understanding of financial market products, market conventions, and pertinent regulatory frameworks.
• Experience or aptitude in functional programming (e.g., Haskell) would be advantageous but is not mandatory.
• Excellent communication skills with fluency in both written and spoken English, enabling effective collaboration across multidisciplinary teams and clear presentation of complex concepts.

What we offer

• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aid and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.