At a Glance
- Tasks: Develop a quantitative risk library and collaborate on innovative financial solutions.
- Company: Leading financial services firm using cutting-edge technology.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Engage with top-tier bank clients and gain hands-on experience in finance.
- Why this job: Join a dynamic team and make an impact in the structured products industry.
- Qualifications: Degree in Mathematics/Statistics/Computer Science and coding experience required.
The predicted salary is between 54000 - 66000 £ per year.
About Us
WSD is a leading financial services firm that leverages cutting‑edge technology to deliver innovative solutions to the market.
We work with a wide range of solutions supporting the structured products industry.
Position Overview
We are looking for a Quantitative Analyst to join our team to develop our quantitative risk library.
The role requires a mathematics and statistics background, with an understanding of financial fundamentals and enthusiasm for coding.
While at WSD, you will further learn how to code and develop interactive libraries, test and roll out software applications that fit in the IT landscape of a bank.
You will also have client contact from day one.
In addition, you will acquire a range of knowledge of financial products generally.
Responsibilities
- Maintain and develop our risk‑engine, which is implemented in Java Script/Node JS and Java with an in‑house library of functions.
- Expose to various asset classes, including equities, foreign exchange, commodities, interest rates, inflation, credit defaults, etc., and review the associated model implemented in the library as per the European Union’s Regulatory Technical Standards (RTS) for packaged retail investment and insurance‑based products (PRIIPs).
- Implement innovative payment features and other properties of structured products and OTC derivatives based on the market trends.
- Collaborate with software engineers to implement complex features involving large data manipulation and storage, guide them with business logic and be the bridge between technical and non‑technical people in the team.
- Understand the financial insights behind product payoffs and code in PHP fully to build mapping logic to translate banks’ input in XMLs into the risk‑engine’s input in JSON strings.
- Communicate with Tier 1 bank clients and internal service desks, performing Monte‑Carlo simulations to provide risk analysis, finding efficient and effective solutions to solve any possible issue linked with the risk‑engine.
- Develop a pricing platform and aggregate it with the existing risk‑engine.
- Support all quantitative finance related requests from any service desk at WSD.
- Be a team player and actively communicate and cooperate with other teams.
Qualifications
- Degree in Mathematics/Statistics/Computer Science, or any quantitative subject.
- Experience in coding in any programming language (preferably in Java Script and Java).
- Experience in building software architecture solutions, creating databases and API requests.
- Knowledge in stochastic calculus, statistics, probability and numerical methods.
- Experience in any academic/industrial statistical project.
- Good communication skills, being able to explain complex concepts to other people.
- About WSD and PRIIP Cloud Service
We specialize in helping banks automate the issuance process for structured products.
In plain English, a structured product is a financial product, not unlike a savings account, where the return to the investor depends on the performance of an underlying asset (e. g., a stock or an index).
While structured products tend to offer a higher return than savings account, they also tend to have a higher risk.
Therefore, the issuance (i. e., the creation) of a structured product and its offering to investors is highly regulated.
EU’s regulations require a key information document (KID) for each structured product.
We offer banks automation solutions to generate such documents.
Over 850,000 documents are automatically generated and delivered to our bank clients on a daily basis.
The banks are required to produce these documents in 20+ languages.
If the role sounds interesting to you, please do not hesitate to share your resume to us!
WSD is an employer that values diversity.
We highly encourage applications from appropriately qualified and eligible candidates irrespective of age, race, religion, national origin, gender, sexual orientation, gender identity and/or expression, veteran status, disability, or any other status protected by applicable law.
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Quant Analyst employer: Wallstreetdocs Ltd
WSD is an exceptional employer that fosters a culture of innovation and collaboration, providing employees with the opportunity to work on cutting-edge technology solutions in the financial industry. Located in the vibrant Canary Wharf area of London, our team enjoys access to industry-leading experts and major stakeholders, ensuring continuous professional growth and development. With a commitment to diversity and a dynamic work environment, we empower our employees to thrive and make a meaningful impact in their careers.
StudySmarter Expert Advice🤫
We think this is how you could land Quant Analyst
✨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 Wallstreetdocs Ltd. 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 Quant Analyst
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 Wallstreetdocs Ltd.
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 Wallstreetdocs Ltd'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 Wallstreetdocs Ltd
✨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 Wallstreetdocs Ltd.
✨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 Wallstreetdocs Ltd 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 Wallstreetdocs Ltd 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.
