Quant Analyst - Rates (h / f)

emagine; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A professional services consultancy in London is seeking a highly skilled Rates Quantitative Analyst to join a leading Front Office desk. The ideal candidate will leverage expertise in interest-rate products, build and enhance quantitative models, and work directly with traders to optimize pricing and risk. Requirements include strong programming abilities in Python and C++, along with a solid academic background in a quantitative discipline like Maths or Engineering. This role is essential for advancing the trading desk's performance and decision-making capabilities.

Qualifications

• Expert-level proficiency in Python and C++ for model implementation.
• Strong understanding of interest-rate derivatives pricing and trading-focused risk concepts.
• Hands-on experience with SABR and curve construction.

Responsibilities

• Build and maintain quantitative models for the trading desk.
• Own and extend the Rates Quant Library for trading impact.
• Implement and calibrate Front Office pricing models.

Skills

Python

C++

Quantitative analysis

Curve construction

Volatility modelling

Stochastic calculus

Education

Strong academic background in a quantitative discipline

Tools

Quant libraries

Job description

Quant Analyst - Rates

£800-900pd Inside IR35

3-4 days on site

London based

emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We're hiring a highly skilled Rates Quantitative Analyst to join a leading Front Office desk within a financial institution. The ideal consultant will have deep expertise in interest-rate products, curve construction, pricing, and risk, paired with strong programming ability in Python and C++. You'll work directly with traders and quants to build and enhance production-grade models, optimising pricing, risk, and trading decisions.

Main Responsibilities

• Build, develop, and maintain quantitative models used directly by the trading desk, supporting swaps, swaptions, caps/floors, and other USD/EUR/GBP rates products.
• Own and extend key components of the Rates Quant Library, focusing on performance, scalability, and Real Time trading impact.
• Implement and calibrate SABR and volatility models, curve frameworks, and other Front Office pricing components.
• Partner closely with traders and quants to deliver production-grade pricing and risk tools, optimised for desk decision-making.
• Analyse pricing behaviour, sensitivities, and model outputs to support trading decisions.

Key Requirements

• Strong academic background in a quantitative discipline (Maths, Physics, Engineering, or similar).
• Proven Front Office experience as a Rates Quant Analyst or Quant Developer; experience in risk validation or compliance is not required.
• Expert-level proficiency in Python and C++ for building, prototyping, and implementing models used in trading.
• Hands‑on experience with SABR, curve construction, volatility modelling, and Front Office analytics.
• Solid understanding of interest-rate derivatives pricing, stochastic calculus, numerical methods, and trading-focused risk concepts.
• Experience designing and maintaining large-scale quant libraries used in a trading environment.

Interested?

At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.

If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.

emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassign‑ment, pregnancy and maternity, religion or ethnic origin