Job Description
Quant Analyst - Rates
£800-£850pd Inside IR35
3-4 days on site
London based
emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.
We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.
We’re hiring a highly skilled Rates Quantitative Analyst to join a leading front-office desk within a financial institution. The ideal consultant will have deep expertise in interest-rate products, curve construction, pricing, and risk, paired with strong programming ability in Python and C++. You’ll work directly with traders and quants to build and enhance production-grade models, optimising pricing, risk, and trading decisions.
Main Responsibilities
* Build, develop, and maintain quantitative models used directly by the trading desk, supporting swaps, swaptions, caps/floors, and other USD/EUR/GBP rates products.
* Own and extend key components of the Rates Quant Library, focusing on performance, scalability, and real-time trading impact.
* Implement and calibrate SABR and volatility models, curve frameworks, and other front-office pricing components.
* Partner closely with traders and quants to deliver production-grade pricing and risk tools, optimised for desk decision-making.
* Analyse pricing behaviour, sensitivities, and model outputs to support trading decisions.
Key Requirements
* Strong academic background in a quantitative discipline (Maths, Physics, Engineering, or similar).
* Proven front-office experience as a Rates Quant Analyst or Quant Developer; experience in risk validation or compliance is not required.
* Expert-level proficiency in Python and C++ for building, prototyping, and implementing models used in trading.
* Hands-on experience with SABR, curve construction, volatility modelling, and front-office analytics.
* Solid understanding of interest-rate derivatives pricing, stochastic calculus, numerical methods, and trading-focused risk concepts.
* Experience designing and maintaining large-scale quant libraries used in a trading environment.
Our People
The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.
The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.
We pride ourselves on;
* Providing our people with a supportive culture, rooted in our values and driven by our purpose.
* Promoting a culture of inclusion, collaboration, well-being, and learning and development.
* Providing increased agility and flexibility within our hybrid working model
* Investing in employees’ growth through ongoing training and development
* Autonomy to take ownership of projects, making decisions and demonstrating individual expertise
* Providing an transparent performance and career management experience.
Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:
* Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction
* Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs
* Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation
Interested?
At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.
If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.
“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin”