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Associate/VP Algo Model Validation, Tier-1 Bank

  • Job type: Permanent
  • Location: London
  • Salary: Negotiable
  • Job reference: 409193/001_1566494936
  • Sector: Selby Jennings, Quantitative Finance
  • Date posted: 22/08/2019

A top-tier European investment bank is looking to hire a Quantitative Analyst to join the bank's algorithmic trading desk based in London. The successful candidate will join the modelling team and will be responsible for the analytics of the algorithmic trading models proposed by the Front Office, reporting directly to the Group Head.

Responsibilities:

  • Contribute to, and expand on, the existing model validation structures of the new algorithmic and e-trading desks, one of the most exciting new desks in the quantitative world.

  • Opportunities to work with a range of Senior Quantitative Analyst throughout the bank, as well as having exposure to a broad variety of traders and different asset-types.

  • Construct and perform the tests required to thoroughly assess the strength, durability and performance of the algorithms, ensuring that new and changed algos will not have a negative impact on the clients and the bank.

  • Provide expert suggestions of supplementary risk measures and monitoring if necessary.

  • Also will be sporadically involved in the validation processes of other product lines within the model validation remit.

  • Work with, and provide support for, Risk Management by conducting risk assessments of the algorithms and challenge the monitoring methods proposed by FO.

Requirements for the role:

  • Education to degree level, although candidates with the requisite skillset will be considered

    • A PhD in a quantitative subject is desirable but not essential.

  • Experience with derivatives and pricing models; prior knowledge of algorithmic trading is not necessary but would be useful.

  • Ability to work as part of a team, along with good communication skills, both verbal and written, is necessary.

  • Strict personal organisation and diligence, analytical/critical thinking and an ability to innovate in the face of new problems.

  • Strong programming skills - Python, MATLAB, SQL

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