Financial Engineer

Mako; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Mako, a leading options market maker, is seeking a Financial Engineer to enhance their pricing library and volatility models. This entry-level position requires collaborative efforts with Traders and Software Developers and a strong foundation in derivatives theory. You will contribute towards algorithmic trading strategies, and in return, benefit from a comprehensive package including hybrid working options and personal development opportunities.

Benefits

Flexible leave and hybrid working policies

Private health and dental insurance

Generous pension scheme

Free access to the Mako gym

Employee wellbeing guidance and support

Qualifications

• Strong understanding of stochastic calculus and numerical analysis required.
• Experience in numerical simulations: differential equations and Monte Carlo.
• Familiarity with programming languages like Python and Matlab.

Responsibilities

• Contributing to the development of the pricing library.
• Improving the mathematical framework supporting the Financial Engineer tools.
• Researching and testing new methodologies.

Skills

Stochastic calculus

Numerical analysis

Numerical simulations

Python

Matlab

Education

STEM degree (Maths, Physics, Engineering)

Job description

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At Mako, we believe in the power of collaboration to drive innovation in pursuit of our collective ambition; excellence in trading. Our diverse community is connected through a commitment to being the best we can be with the highest standards of integrity.

The Financial Engineer will work closely with our Traders and Software Developers. The Financial Engineers are tasked with evaluating and enhancing our current set of pricing and volatility models and with improving numerical schemes within the Mako’s pricing library. They have a strong understanding of derivatives theory and its application within the context of Mako’s business models and look to apply the above understanding within the context of our algorithmic trading business.

What You’ll Be Involved In

• Contributing to the development of the pricing library
• Understanding and improving the mathematical framework supporting the FE tools
• Researching and testing new methodologies
  
  

What We Need From You

• STEM degree; e.g. Maths, Physics, Engineering
• Strong understanding of stochastic calculus and numerical analysis
• Experience in numerical simulations: differential equations and Monte Carlo
• Experience with any programming languages; e.g. Python, Matlab/Octave (willing to learn and work with C++ and Python)
  
  

We are Mako

Benefits

At Mako, we are welcoming, inclusive and collaborative. We work fast and smart in a supportive and dress-down environment that allows colleagues to be themselves and achieve great things. We uphold the principles of a flat structure that offers unrivalled engagement with senior leadership and career development opportunities. We have a comprehensive benefits package, including:

• Flexible leave and hybrid working policies
• Private health and dental insurance
• Generous pension scheme
• Free access to the Mako gym
• Employee wellbeing guidance and support
• Opportunity to become involved in the rewarding work of the Mako Foundation
  
  

About Mako

Mako is a leading options market maker with a global trading footprint. It has been at the forefront of options market making since 1999, from the open outcry trading pits to screen trading and automated algorithmic execution strategies that are driving the future of the industry.

From offices in London, Dublin, Amsterdam, Singapore, Sydney, Brisbane and Chengdu, Mako offers the best-in-class liquidity solutions across Equities, Fixed Income, Commodities and FX derivatives markets and prides itself in its entrepreneurial, collaborative and philanthropic culture.

If you require any reasonable adjustments or assistance during the recruitment process, please email [e-mail] and we will arrange this.

For further information on the Mako Group please refer to our website: www.mako.com.

Mako does not accept unsolicited CVs or candidate details from recruiters or search firms and will not pay any fees to such firms without a signed agreement.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Machinery Manufacturing

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