Model Validation Quantitative Analyst

TN United Kingdom; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Model Validation Quantitative Analyst to join their dynamic team in London. This role offers a unique opportunity to work on validating derivative models across interest rates and FX, while engaging with senior stakeholders. The company promotes a hybrid working environment, allowing flexibility in your work schedule. With a commitment to continuous learning and development, this position is ideal for those passionate about financial markets and mathematical modeling. If you have a strong academic background and a desire to make a significant impact, this role could be your next career step.

Benefits

Hybrid Working

Competitive salary

Non-contributory pension

30 days holiday plus bank holidays

Life Assurance

Private Healthcare

Flexible benefits

Volunteering leave

Qualifications

• PhD or Master’s in Mathematics or related fields required.
• Experience in Model Validation or Front Office Quant roles is advantageous.

Responsibilities

• Review and validate derivative models for interest rates and FX.
• Perform model validation testing and assess model risk.
• Present review outcomes to stakeholders and senior management.

Skills

Mathematical skills

Stochastic calculus

PDEs

Monte Carlo methods

C++ coding

Python coding

Understanding of interest rates

Interest in financial markets

Education

PhD in Mathematics

Master’s in Financial Mathematics

Master’s in Physics

Master’s in Statistics

Job description

The provided job description contains valuable information but requires significant formatting and clarity improvements to enhance readability and professionalism. Here is a refined version:

Job Title: Model Validation Quantitative Analyst

Location: London

Corporate Title: Assistant Vice President

What we’ll offer you

• Hybrid Working - flexible remote work options
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• Flexible benefits including Retail Discounts, Bike4Work scheme, and Gym benefits
• Support for CSR initiatives and 2 days’ volunteering leave per year

Your key responsibilities

• Review and validate derivative models for interest rates, FX, and hybrids
• Perform model validation testing and assess model risk
• Study mathematical models, implementation methods, traded products, and associated risks
• Present review outcomes to stakeholders and senior management

Your skills and experience

• PhD or Master’s in Mathematics, Financial Mathematics, Physics, Statistics, or related fields
• Experience in Model Validation or Front Office Quant roles is advantageous
• Strong mathematical skills, including stochastic calculus, PDEs, Monte Carlo, finite difference, and numerical algorithms
• Understanding of interest rates and FX derivative models
• Interest in financial markets and derivative pricing
• C++ or Python coding experience is a plus

How we’ll support you

• Training and development opportunities
• Flexible working arrangements
• Mentorship and expert support
• Continuous learning culture
• Tailored flexible benefits
• Inclusive environment with reasonable adjustments for disabilities

About us

Deutsche Bank is a leading German bank with strong European roots and a global network. We are committed to diversity and inclusion, supporting LGBTQ+ initiatives and fostering a fair workplace.