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- Tasks: Join as a Quant Developer to enhance trading platforms and develop new valuation models.
- Company: A leading Trading House expanding their Foreign Exchange Derivatives team.
- Benefits: Enjoy a competitive salary of £175,000 plus bonus and hybrid working options.
- Why this job: Be part of a dynamic team, work on cutting-edge financial models, and make a real impact.
- Qualifications: Graduate in a quantitative field with strong Python skills and knowledge of Structured Products.
- Other info: Work near Covent Garden with a flexible 2-3 days in-office schedule.
The predicted salary is between 105000 - 245000 £ per year.
Quant Developer | Structured Products, Options, Swaps, Pricing | £175,000 + Bonus | Hybrid working
Quant developer required for a Trading House who are looking to expand their trading desks by bringing on Foreign Exchange Derivatives. Therefore they are looking to hire a Quant Developer to expand their Structured Products trading platform, treasury system and instruments.
As a Quant Developer, you will be expanding their existing Python based library of valuation and risk-management models. Identify and implement possible enhancements. Recommend and develop new models. Provide methodological support to trading desks and other teams.
This FX Quant role is paying up to £175,000 + bonus
Location: The trading house are based near Covent Garden
Hybrid working: The firm typically operate a 2-3 days a week model in the office and 2 days from home.
Main responsibilities
- Calibration/estimation of parameters of market price models
- Back-test current market or product models and recommend improvements
- Gather business requirements for the development of new models
- Undertake appropriate basic research leading to the development of prototypes, analyse possible or necessary approximations and determine the most appropriate approach
- Implementation into my clients derivatives trading system, working closely with the Quantitative Development team to ensure seamless integration, and documentation
- Develop ad-hoc ex-system pricing tools to help traders optimize complex deals
- Advise traders and structurers on methodologies and explain models’ behaviour
Experience required
- Contribution to large-scale software projects, notably trading and pricing systems
- Strong knowledge of Structured Products Trading
- Strong Python to build out a risk modelling system
Technical requirements
- Graduate qualification in a quantitative subject (Maths, Physics, Engineering) combined with a postgraduate degree in Mathematical Finance
- Good understanding of option pricing theory and associated numerical methods (Monte Carlo)
- Strong Python to build out a risk modelling system
- Ability to read C++
If you are interested in this Structured products, Quant Developer role, please reply with your latest CV
Quant Developer | Structured Products, Options, Swaps, Pricing | £175,000 + Bonus | Hybrid working
Quant Developer | Structured Products, Options, Swaps, Pricing | £175,000 Bonus | Hybrid working employer: VirtueTech Recruitment Group
Contact Detail:
VirtueTech Recruitment Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quant Developer | Structured Products, Options, Swaps, Pricing | £175,000 Bonus | Hybrid working
✨Tip Number 1
Make sure to showcase your experience with large-scale software projects, especially in trading and pricing systems. Highlight any specific contributions you've made that demonstrate your ability to enhance existing models or develop new ones.
✨Tip Number 2
Familiarize yourself with the latest trends and technologies in structured products and derivatives trading. Being able to discuss recent developments or innovations in the field during your interview can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your proficiency in Python and any relevant experience with C++. Be ready to provide examples of how you've used these languages to build risk modeling systems or implement pricing tools in previous roles.
✨Tip Number 4
Since this role involves collaboration with trading desks, practice articulating complex quantitative concepts in a clear and concise manner. This will help you effectively communicate methodologies and model behaviors to traders and structurers.
We think you need these skills to ace Quant Developer | Structured Products, Options, Swaps, Pricing | £175,000 Bonus | Hybrid working
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience with structured products, trading systems, and Python programming. Emphasize any relevant projects or roles that showcase your quantitative skills and contributions to software development.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the Quant Developer role and the trading house's focus on FX derivatives. Discuss how your background in mathematical finance and option pricing theory aligns with their needs.
Showcase Technical Skills: Clearly outline your technical skills, especially your proficiency in Python and any experience with C++. Mention specific projects where you have implemented risk models or contributed to trading systems.
Highlight Collaboration Experience: Since the role involves working closely with trading desks and other teams, include examples of past collaborations. Describe how you have provided methodological support or developed tools that benefited traders or structurers.
How to prepare for a job interview at VirtueTech Recruitment Group
✨Showcase Your Technical Skills
Be prepared to discuss your experience with Python and any relevant libraries you've used for risk modeling. Highlight specific projects where you've contributed to trading or pricing systems, as this will demonstrate your capability to handle the technical demands of the role.
✨Understand Structured Products
Make sure you have a solid grasp of structured products, options, and swaps. Be ready to explain how these instruments work and their implications in trading strategies. This knowledge will show that you can provide valuable support to the trading desks.
✨Prepare for Problem-Solving Questions
Expect to face questions that assess your analytical and problem-solving skills. Practice explaining your thought process when calibrating market price models or back-testing existing models. This will help interviewers see how you approach complex challenges.
✨Demonstrate Collaboration Skills
Since the role involves working closely with the Quantitative Development team and traders, be ready to discuss examples of how you've successfully collaborated in past projects. Emphasize your ability to communicate complex methodologies clearly to non-technical stakeholders.
