Fixed Income Quant Manager

Just Group plc; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a PC Quant Manager to drive technological enhancements in the Public Credit team. This role involves designing robust quantitative models to support investment strategies and collaborating closely with portfolio managers. The ideal candidate will have strong programming skills, particularly in Python and VBA, along with a solid understanding of statistical analysis and fixed income products. Join a purpose-driven company committed to sustainability and diversity, where your contributions will help shape the future of retirement solutions and ensure a fulfilling retirement for customers.

Benefits

Flexible Working Hours

Health Insurance

Pension Scheme

Employee Discounts

Professional Development Opportunities

Qualifications

• 5+ years in quantitative modeling with a focus on fixed income.
• Strong programming skills in Python and VBA required.
• Experience in creating and validating pricing and risk models.

Responsibilities

• Design and implement quantitative analytical models for TAA framework.
• Perform market analysis using statistical methods.
• Collaborate with portfolio managers to enhance trading capabilities.

Skills

Analytical Capabilities

Python Programming

Statistical Analysis

Machine Learning

Fixed Income Products Knowledge

API/SQL/Databases Understanding

Team Collaboration

Presentation Skills

Education

University Degree in Mathematics

Masters’ Degree in Statistics

CQF or similar

CFA or similar

Tools

VBA

Quantitative Analytical Models

Portfolio Management System

Job description

We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.

We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.

That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose
The Public Credit (PC) team sits within Just Group’s investment function. Its mandate is to (1) deploy capital into the PC markets received from new Bulk Annuity and Individual Annuity policies and (2) evaluate the PC portfolio’s risk profile (credit, liquidity, and responsible investing) and seek sustainable capital generation via back book optimisation.

The PC Quant Manager is a new role within the PC team and aligns to the newly formed PC Quantitative pillar that supports the PC Trading & PM Pillar to meet the team’s mandate.

The role will be driving the technological enhancements to PC capabilities to enable more systematic

(1) evaluation of investment opportunities / risks and

This will require strong collaboration with the PC Portfolio Managers and Traders to ensure enhancements meet commercial needs of the front office. Moreover a critical part of the role is idea generation; bringing new analytical techniques to enhance the team’s origination and optimisation capabilities.
Additionally, the individual will work closely with wider teams [ALM, Investment Actuarial and Capital Management] in Just to ensure PC models are optimal within the wider Just technological eco system.

Examples of Key Activities

• Design and implement robust quantitative analytical models which will act as the foundation to PC’s TAA framework
• Build and maintain an optimisation model that harnesses TAA framework in combination with Just’s in force portfolio and balance sheet metrics
• Perform comprehensive market analysis using statistical methods
• Integrate PC’s models into wider Just tech framework
• Work with Head Of Public Credit to select and integrate a Portfolio Management System into PC’s trading and PM activities
• Present analytical findings to key stakeholders
• Staying abreast of quant developments and feeding into the business
• Engage in tasks across the investment function and work with other quants to knowledge share

Skills & Knowledge

• Excellent analytical capabilities with the ability to sense check numbers, perform quick “back of the envelope” calculations and build intuition over results
• Strong team player and presenter
• Strong programming capabilities; preferably in Python and VBA [4+ years of demonstrable experience]
• Strong understanding of statistical analysis and machine learning
• Strong knowledge of fixed income products and associated financial market dynamics
• Good understanding of Defined Benefit pension schemes and/or Solvency II for Life Insurers
• Previous experience in creating/validating pricing, risk and analytical models in an enterprise analytical platform
• Front-Office experience working in a fast-paced environment
• Good understanding of API/SQL/databases

Experience

• Around 5 years’ experience in quantitative modelling and analysis, preferably with a focus in fixed income and more specifically Investment Grade credit
• Demonstrable experience in Programming capabilities
• Several years of experience in investment

Qualifications

Essential for the role

• University Degree or ideally Masters’ Degree in Mathematics, Statistics, Finance, Engineering, Physics, or a related quantitative field
• CQF or similar
• CFA or similar

Why Just?

We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.

Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.