Junior Vanilla Options Quant / Strat Required for Tier One Investment Bank – London – £110k base + bonus + package recruitment

Montash Associates has been retained by a Tier One Investment Bank to find a junior individual to join their Front Office Rates Quant Strat team.

The team sits alongside the traders, and they are looking for a mathematically creative individual with experience of complex options market making. This individual will report directly into the traders and assist them by creating new models and enhancing existing ones. 

The team covers 3 different trading desks, so the successful individual will gain exposure to algorithmic trading as well as discretionary. Upon speaking with the head of the group, they openly admit they are lacking skills in the Vanilla Options Market Making Quant space, and they are looking for someone that can primarily focus on this area. 

As a result, there is a lot of new modelling to be done upon joining the team. The successful individual will be expected and given the freedom to explore new model ideas, openly criticise and amend existing ones. There will be frequent interaction with the desk to gather requirements and devise relevant solutions. This role is an excellent stepping stone into a number of different roles (discretionary trading, algo trading, high frFlexible ( equency market making etc) as the individual will work across a number of different areas.

The core requirements for this role are:

• Excellent academic background. Ideally from a top academic institution with a highly quantitative pedigree

• OO programming skills

• Vanilla options market making knowledge

• Excellent quant skills

• Excellent communication skills

• An ability to think ‘outside the box’ and come up with new ideas and methods. Creativity and ingenuity is essential.

In return for this there will be an excellent compensation package on offer. They are ideally seeking a junior candidate as someone with 3-6 years’ experience will fit in well with the existing seniority of the team. Compensation is dependent upon the specific individual, but as a guide base salaries will be £80-110k, and there will be a guaranteed bonus on top of this. As with any role with my client, there is a market leading flexible bonus package on top of this.

We are seeking people from a variety of different backgrounds, but an ideal candidate will come from another investment bank or a leading buy side market making firm, eg Liquid, Tibra, Optiva, Atlantic Trading.

To apply, please send a copy of your CV to edwardb@montash.com or call 0207 749 6066 for a confidential discussion. All applications are treated in the strictest confidence. 

Ref: EB/OMMQ/23

This is just one of the many roles I am currently working on, so for more information please see the Montash website, send me a copy of your CV or call me on 0207 749 6066.

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