At a Glance
- Tasks: Develop and enhance risk models for derivatives, ensuring robust analytics and margin calculations.
- Company: Fast-growing international financial services firm with a focus on innovation.
- Benefits: Competitive salary, career advancement, and a dynamic work environment.
- Other info: Exciting opportunity for growth in a collaborative and forward-thinking company.
- Why this job: Join a cutting-edge team and make a real impact in financial risk management.
- Qualifications: Master’s degree in a quantitative field and strong programming skills in Python.
The predicted salary is between 70000 - 90000 £ per year.
Talensa are partnered with a fast growing and innovative International Financial Services Markets Infrastructure and Consulting firm. This is a great and versatile role, looking for a Quantitative Developer to join the team responsible for maintaining and enhancing Derivatives risk – Initial Margin Model (IMM) and related analytics infrastructure. This role combines quantitative expertise with strong programming skills to deliver robust, efficient, and scalable solutions for margin calculation and risk analytics.
Key Responsibilities
- Develop and maintain quantitative libraries for risk calculations, including risk weights, correlations, and historical volatility ratios.
- Implement and optimize IMM methodology within proprietary and vendor platforms.
- Collect, validate, and aggregate market and risk data from multiple sources.
- Develop and maintain backtesting, benchmarking and performance monitoring frameworks to validate IMM performance against historical P&L vectors.
- Build and enhance analytics platforms to support IMM processes and parameter recalibration.
- Collaborate with quantitative analysts, risk managers, and technology teams to ensure alignment, efficiency and enhancements for future processes.
Technical Skills and Knowledge
- Strong programming skills in Python (mandatory), with experience in C++, Java, or similar languages.
- Proficiency in data handling and analysis using Pandas, NumPy, and SQL.
- Familiarity with cloud-based solutions and version control (Git).
- Solid understanding of risk modelling, margin methodologies, and derivatives pricing.
- Knowledge of regulatory frameworks such as BCBS-IOSCO, UMR margin requirements, Standardised approach for regulatory capital (FRTB-SA) and or XVA Capital / Exposure modelling.
Education and Experience
- Master’s degree (or equivalent) in Mathematics, Physics, Computer Science, or a related quantitative discipline.
- Years of experience in quantitative development within financial services.
- Experience in risk management, derivatives risk / margin calculation, or analytics is highly desirable.
- Experience working within a consulting firm, or at a sell-side / buy-side financial institution.
This is a Technical Quant Development role requiring someone with some years exposure in either Derivatives Margin Modelling (preferable), Capital Markets Risk modelling, Model Validation, Model development experience and now looking to take their career forward in a more industry leading way.
Quantitative Risk Developer – Derivatives Portfolio risk employer: Talensa
At Talensa, we pride ourselves on being an exceptional employer that fosters a culture of innovation and collaboration. Our commitment to employee growth is evident through tailored development programmes and opportunities to lead transformative AI initiatives within the financial services sector. Located in England, we offer a dynamic work environment where your contributions directly impact our AI strategy and governance, making your role not just a job, but a meaningful career path.
StudySmarter Expert Advice🤫
We think this is how you could land Quantitative Risk Developer – Derivatives Portfolio risk
✨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 Talensa. 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 Developer – Derivatives Portfolio risk
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 Talensa.
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 Talensa'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 Talensa
✨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 Talensa.
✨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 Talensa 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 Talensa 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.
