Junior Quantitative Analyst

MAZARS UK; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading global professional services network is seeking a Junior Quantitative Analyst to join their Quantitative Finance Team in London. This role involves delivering quantitative finance projects, model validation, and supporting business development. Candidates should have advanced knowledge in derivative pricing and risk management, along with proficiency in programming languages like Python, R, or C++. Join a diverse team committed to professional growth and inclusivity.

Qualifications

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

Responsibilities

• Deliver quantitative finance projects for clients.
• Perform model validation and calibration of models.
• Support business development and assist with administrative tasks.

Skills

Derivative pricing

Quantitative risk management

Stochastic calculus

Modeling

Statistics

Probabilities

Model validation

Machine learning

Tools

Python

R

C++

Job description

Junior Quantitative Analyst (4422)

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

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

What are we looking for?

• Advanced knowledge in derivative pricing, quantitative risk management (covering credit, market, and counterparty risk), stochastic calculus, modeling, statistics, and probabilities.
• Significant experience in derivative pricing, credit (PD and LGD modeling), and market (VaR, Expected Shortfall, FRTB) risk modeling.
• Proficiency in Python, R, or C++.
• Ability to work effectively in a team.
• 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 US and Forvis Mazars Group SC, operating in over 100 countries. We are committed to providing an unmatched client experience through audit & assurance, tax, and advisory services globally.

Our strategic vision aims to advance our clients, people, industry, and communities, responding to emerging sustainability issues such as human rights, climate change, environmental impacts, and culture.

We are a diverse, multicultural, multi-generational team that values ownership, involvement, and individual ideas. We empower our people, celebrate individuality, and foster teamwork and agility. We believe in bold foresight and the freedom to contribute to our shared purpose.

Inclusivity is core to our culture. We aim to make our recruitment process accessible and inclusive. Please contact us for any support needed during your application.

Visit forvismazars.com/uk to learn more.