Model development – Entry Level Quant Position recruitment
The role affords the new team member opportunities to gain cross-asset experience in a wide range of business areas and its product and models, while contributing to the model development and model support effort for business specific as well as bank-wide models.
Core Responsibilities:
• Develop models and implement them in software for pricing and risk managing derivatives
• Develop pricing and calibration tools
• Benchmark and compare results of various techniques
• Implement products using pricing engines and models
• Explain model behaviour and predictions to traders, identify major sources of risk in portfolios, carry out scenario analyses, provide guidance / debug analytics
• Rapid prototyping of models and products
Essential skills, experience and qualifications:
• Excellence in probability theory, stochastic processes, partial differential equations and numerical analysis.
• Very strong analytical and problem solving abilities.
• C/C++ coding with emphasis on numerical methods.
• Good communication skills.
• PhD or equivalent degree from top tier schools/programs in Mathematics, Mathematical Finance, Physics or Engineering.
Desirable skills/experience: Solid grounding in options pricing theory (i.e. quantitative models for pricing and hedging derivatives) or relevant quantitative research experience an advantage.
For further information please contact John Meadowcroft on 020 7780 6700. Alternatively forward your CV John.Meadowcroft@AnsonMcCade.com