Junior Quantitative Analyst

Mazars UK LLP - formerly CompetitionRx Ltd; London; On-site; GBP 45,000 - 70,000; Full time

Job summary

A leading global professional services network is seeking a Quantitative Analyst to join their Quantitative Finance Team in London. The role involves delivering quantitative finance projects, model validation, and supporting business development efforts. Ideal candidates will possess advanced knowledge in derivative pricing and significant experience in risk modelling, with proficiency in Python, R, or C++.

Qualifications

• Advanced knowledge in derivative pricing and quantitative risk management.
• Significant experience in derivative pricing and risk modelling.
• Proficiency in Python, R, or C++.

Responsibilities

• Deliver quantitative finance projects for clients.
• Contribute to model validation and implementation reviews.
• Support business development and assist with administrative tasks.

Skills

Derivative pricing

Quantitative risk management

Stochastic calculus

Statistics

Probabilities

Model validation

Machine learning

Teamwork

Tools

Python

R

C++

Job description

Forvis Mazars is an engine for rapid and consistent career progression, offering individually designed career paths that help you pursue your interests, match your changing needs, and explore your true potential. We work with diverse, prestigious clients across a range of sectors and geographies, giving you the opportunity to constantly update and grow your skills for lifelong professional development.

Due to the continued growth of our FS Risk Consulting Department, we are looking for a Quantitative Analyst to join the Quantitative Finance Team based in London. You will mainly interact with banks but also insurance companies, large corporates, and service companies on a variety of projects.

About The Role

Contribute in small and large-sized multidisciplinary engagement teams delivering quantitative finance projects for clients:

1. Cross-asset derivative pricing including valuation adjustments (XVA). Calibration of models using best industry practices
2. Model validation for small to large size clients, for quantitative risk management models such as (PD/LGD, VaR, Expected Shortfall, EPE/PFE)
3. Implementation review of accounting standards such as FRTB, IFRS9, CECL
4. Development of internal pricing libraries and tools (e.g., C/ECL, stress testing)
5. Oversee summer internship projects
6. Support business development by preparing client proposals
7. Assist with administrative tasks (such as training and recruitment)

What Are We Looking For?

Ideal candidates will possess:

1. Advanced knowledge in derivative pricing, quantitative risk management (covering credit, market, and counterparty risk), stochastic calculus, modelling, statistics, and probabilities
2. Significant experience in derivative pricing, credit (PD and LGD modelling), and market (VaR, Expected Shortfall, FRTB) risk modelling
3. Proficiency in Python, R, or C++
4. Ability to work effectively in a team
5. Desired skills: model validation and machine learning

About Forvis Mazars

Forvis Mazars is a leading global professional services network operating under a single brand worldwide, with two members: Forvis Mazars LLP in the United States and Forvis Mazars Group SC, operating in over 100 countries and territories.

We are committed to providing an unmatched client experience through audit & assurance, tax, and advisory services. Our strategic vision is to move clients, people, industry, and communities forward, responding to emerging sustainability issues including human rights, climate change, and environmental impacts.

We are a diverse, multicultural, multi-generational team that values connection and belonging. We empower our people, celebrate individuality, and foster teamwork and agility. We believe in giving people the freedom to contribute and support one another to deliver quality and create meaningful change.

Inclusivity is core to our culture. We strive to support everyone to be their authentic selves throughout the recruitment process and beyond. For more information, please read about our approach here.

Our goal is to make the recruitment process accessible and inclusive. Please contact us to discuss any accommodations you may need so we can support you throughout your application.

Visit forvismazars.com/uk to learn more.