FX Options Quantitative Analyst

Citigroup Inc.; City Of London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

A leading financial institution in London seeks a Quantitative Analyst to develop and support valuation models for FX Options. Candidates should have strong programming skills in C++ and Python, alongside a Master's degree in a relevant field. The role offers competitive compensation and a hybrid work model.

Benefits

Generous holiday allowance

Discretionary performance-related bonus

Private medical insurance

Employee Assistance Program

Pension Plan

Flexible work arrangements

Qualifications

• Previous exposure to option valuation models, preferably with experience in FX options.
• Strong organizational abilities.

Responsibilities

• Develop and support valuation models and pricing algorithms for the FX Options business.
• Perform comprehensive data analysis for the FX Options trading desk.
• Work in close collaboration with trading, structuring, sales, and technology teams.

Skills

Strong mathematical background

Proficiency in C++ and Python

Strong communication skills

Project management experience

Analytical skills

Education

Master's level degree

Job description

Are you looking for a career move that will put you at the heart of a global financial institution? Then bring your skills in modeling, programming, and communication to Citi’s FX Options Quantitative Analysis Team. By joining Citi, you will become part of a global organization whose mission is to serve as a trusted partner to our clients by responsibly providing financial services that enable growth and economic progress.

Overview

Citi’s FX Options Quantitative Analysis Team is responsible for supporting the FX Options business within Citi Markets. This includes developing and maintaining valuation models, pricing algorithms, and performing in-depth data analysis. This is a wide-ranging role that will cover a broad spectrum of projects, involving close collaboration with traders, structurers, salespeople, technology teams, and control functions, as well as fellow Quantitative Analysts. You will be instrumental in developing novel solutions and supporting the fast-paced FX Options business.

What You’ll Do

• Develop and support valuation models and pricing algorithms for the FX Options business.
• Perform comprehensive data analysis for the FX Options trading desk.
• Work in close collaboration with trading, structuring, sales, and technology teams to develop innovative solutions for the business.
• Write robust and high-performant code primarily in C++ and Python.
• Assist the team with detailed documentation and effective written communication.
• Assist in tracking and coordinating projects across multiple individuals and teams to ensure timely delivery.

What We’ll Need From You

• A strong mathematical or science background, demonstrated by a Master’s level degree.
• Previous exposure to option valuation models, preferably with experience in FX options.
• Strong programming skills, with proficiency in C++ and Python.
• Clear and concise written and verbal communication skills.
• Strong organizational abilities; project management experience is a valuable bonus.

What We Can Offer You

• Impactful Role: Contribute directly to the FX Options business by developing and supporting critical valuation models and pricing algorithms.
• Collaborative Environment: Work closely with a diverse group of stakeholders including traders, structurers, salespeople, technology, and control functions.
• Skill Development: Continuously develop your modeling and programming skills in a dynamic and challenging financial market environment.
• Competitive Compensation and Benefits:
  • A competitive base salary (annually reviewed).
  • Generous holiday allowance starting at 27 days plus bank holidays; increasing with tenure.
  • A discretionary annual performance-related bonus.
  • Private medical insurance packages tailored to your personal circumstances.
  • Employee Assistance Program.
  • Pension Plan.
  • Paid Parental Leave.
  • Special discounts for employees, family, and friends.
  • Access to a wide array of learning and development resources.
• Flexible Work Arrangements: Join Citi London in a business casual workplace with a hybrid working model (up to 2 days working at home per week).
• Supportive Culture: Be part of a workplace where Citi is committed to ensuring everyone feels comfortable, energized, motivated, and empowered to thrive.

If you possess strong modeling, programming, and communication skills and are eager to contribute to a leading global financial institution, apply to discover the true extent of your capabilities.

Job Family Group: Institutional Trading

Job Family: Quantitative Analysis

Time Type: Full time

Most Relevant Skills: Please see the requirements listed above.

Other Relevant Skills: For complementary skills, please see above and/or contact the recruiter.

Equal Opportunity: Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

Accessibility: If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi. View Citi’s EEO Policy Statement and the Know Your Rights poster.