Equity Model validation for Front Office | London, UK recruitment


Our client is looking to fill a senior EQ role in their front office quantitative team, sat on the trading desk. The group are involved in both the creation of new derivative pricing models for the trading desks. The team have had success hiring from model validation, and now wants to continue that with this senior hire. The role will focus on the Equity Exotics space, so a good understanding of this asset class is a must. The position will report directly to the Head of the team who sits in London and hold responsibility over a number of junior members of the team.

The successful candidate will be joining an extremely strong team, made up of individuals with exceptional educational backgrounds as well as outstanding mathematical modelling and programming skills. The role will include a large amount of interaction with the front office trader and structurers amongst other functions of the bank.

The ideal candidate will have the following criteria:

• PhD or equivalent (DEA) in a quantitative subject - Mathematics, Stats, Physics, Engineering or Quantitative Finance.

• Outstanding knowledge of Equity models and products including Asian Options, Himilayas, Tarns, Cliquets, Stoc Vol but to name a few.

• 5 years of experience in the industry, preferably in a similar role covering equities or a transferrable asset class.

• Knowledge and experience in C++ is essential for this technical role.

• Candidates from either a model validation or front office function will have a very compatible skill set for this opportunity.

• The drive to eventually run a team of quants in a strong Investment banking environment.

This is a great opportunity to join an outstanding team with the chance for exceptional career progression. The manager is open to looking at candidates with a number of different backgrounds and the focus is on finding the right individual to join this talented team in 2012. If you are experienced in the EQ space and have the drive to be a part of a strong team at a global investment bank then please apply directly to quantexotic@selbyjennings.com

Key words: equity, derivatives, stochastic, local volatility, c++, PhD, model, front office.