Quant Analyst – 5 months Fixed Term Contract

TP ICAP Group Services Ltd; City Of London; Hybrid; GBP 60,000 - 90,000; Full time

Job summary

TP ICAP Group in London is seeking a driven Graduate Quant Analyst to support the Global Broking Alpha/Beta initiative. You will build a model correlating market benchmarks and indicators to desk-level revenue, identifying drivers behind revenue changes.

The role blends strong mathematical and statistical capability with programming in Python and an understanding of derivatives and market microstructure. You will work in a hybrid London office and present findings to technical and non-technical

Qualifications

• Proven ability with quantitative analysis, performance attribution, correlation modelling or quantitative research.
• Strong knowledge of statistics, time series analysis and regression methods.
• Good understanding of financial markets, market microstructure and financial instruments, including derivatives where relevant.
• Strong programming skills in Python or similar quantitative languages.
• Experience working with large datasets and analytical libraries.
• Ability to translate complex quantitative outputs into clear commercial recommendations.
• Strong problem-solving skills, attention to detail and effective stakeholder management.

Responsibilities

• Gather, clean and structure historic data sets across asset classes (Rates, FX, Credit, Equities).
• Perform statistical analysis on large and complex datasets to identify trends, relationships and model inputs.
• Conduct correlation and regression analysis to assess the relationship between desk revenues and market conditions and internally driven factors.
• Source and integrate external market data including major indices, macro indicators and published market volumes.
• Validate model performance through back-testing, stress testing and sensitivity analysis.
• Document model assumptions, methodologies, limitations and controls in line with governance requirements.
• Monitor model performance and recommend enhancements in response to market developments and business needs.
• Present findings and quantitative insights clearly to both technical and non-technical stakeholders.

Skills

Quant analysis

Statistics

Time series

Python

Data handling

Stakeholder management

Tools

Bloomberg

Refinitiv/LSEG

Job description

The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions. The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

Role Overview

This is a newly created Quant Analyst opportunity based in our London office, where we are seeking a driven graduate to support the Global Broking Alpha/Beta initiative, building a model that correlates market benchmarks and indicators to desk-level revenue performance to identify the drivers behind revenue changes.

As a Quant analyst you will combine strong mathematical and statistical capability with programming expertise and an understanding of financial products and market behaviour.

Role Responsibilities

• Gather, clean and structure historic data sets across asset classes (Rates, FX, Credit, Equities).
• Perform statistical analysis on large and complex datasets to identify trends, relationships and model inputs.
• Conduct correlation and regression analysis to assess the relationship between desk revenues and market conditions and internally driven factors.
• Source and integrate external market data including major indices, macro indicators and published market volumes.
• Validate model performance through back-testing, stress testing and sensitivity analysis.
• Document model assumptions, methodologies, limitations and controls in line with governance requirements.
• Monitor model performance and recommend enhancements in response to market developments and business needs.
• Present findings and quantitative insights clearly to both technical and non-technical stakeholders.

Experience / Competences

• Proven ability with quantitative analysis, performance attribution, correlation modelling or quantitative research.
• Strong knowledge of statistics, time series analysis and regression methods.
• Good understanding of financial markets, market microstructure and financial instruments, including derivatives where relevant.
• Strong programming skills in Python or similar quantitative languages.
• Experience working with large datasets and analytical libraries.
• Ability to translate complex quantitative outputs into clear commercial recommendations.
• Strong problem-solving skills, attention to detail and effective stakeholder management.

Desired Experience

sourcing and working with financial market data (e.g. Bloomberg, Refinitiv/LSEG or equivalent).

Band and Level

Professional, 4 #LI-ENT #LI-Hybrid

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location UK - 135 Bishopsgate - London Connecting clients, communities and colleagues for sustainable growth TP ICAP connects people, platforms, ideas, and insight across the world’s financial, energy and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities. Work with us Joining TP ICAP puts you at the heart of markets that matter. You’ll have the freedom to innovate and act on your initiative. We’ll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that’s there to set you up for success.

More about us TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength and know-how we have as a Group. Connections are at the heart of what we do. We combine our people’s know-how with the latest technology to improve price discovery, trade execution and liquidity flow. Connections create strength. Through them, we help our clients to manage risk, realise investment strategies and expand the scope for growth. And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernising markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities and gives us the power to anticipate and respond to change, whatever direction the world takes. It’s what makes TP ICAP a mainstay in the global markets, now and in the future. TP ICAP. We connect.