Rates Pricing Quant – Exotics (VP)
1. London
2. £120k-£150k plus bonus and benefits
3. Job type: Permanent
4. Sector: Banking, Financial Services
5. Job reference: TG43067
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Another exciting hybrid quant role within Structured Rates at a leading investment bank. This position offers the opportunity to work directly with traders, quants, and risk teams, contributing to model assessment, optimization, and performance testing for exotic interest rate derivatives.
Ideally a candidate already at VP level however keen to speak with strong AVP’s with solid rates exotics experience – looking to fast track to VP level.
£110k – £165k base (depending on level)
Overall an exciting role for somebody looking to further develop their front-office career; a great opportunity for growth and increased exposure to trading activities – where your contributions will directly impact trading decisions and strategies.
What You’ll Do:
🔹 Evaluate and refine model documentation to ensure quality and regulatory compliance.
🔹 Collaborate with traders and quants to assess and understand the implications of model choices for structured rates products.
🔹 Run and analyze performance tests on C++ production libraries, leveraging Python notebooks or scripts.
🔹 Design, implement, and run new performance tests to optimize models for live trading environments.
🔹 Debug and enhance C++ production code to improve model efficiency and accuracy.
🔹 Propose, design, and implement alternative model components using Python (and ideally C++).
🔹 Develop automated tools in Python to streamline model testing, reporting, and documentation.
🔹 Interact with cross-functional teams (traders, risk managers, validators, audit, product control, market risk) to ensure robust model lifecycle management.
🔹 Write high-quality technical documentation in LaTeX for internal and external stakeholders.
What We’re Looking For:
✔ 4+ years of experience in quant modeling, focusing on structured rates or exotic derivatives.
✔ Strong academic background in financial mathematics, physics, or a related quantitative discipline.
✔ Deep knowledge of exotic pricing models (vanilla models are a plus).
✔ Proficiency in Python and C++, with hands-on experience in debugging and optimizing production code.
✔ Experience with model governance, validation, and regulatory compliance in the context of trading models.
✔ Excellent communication skills to collaborate with traders, quants, validators, and risk teams.
We’ll be accepting applications until the end of August. Please get in touch – tg