Quantitative Analyst – Model Validation

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

Job summary

An established industry player is seeking a highly motivated individual to join their Model Risk and Validation team. This exciting role involves developing and benchmarking pricing models, conducting theoretical analysis, and ensuring compliance with regulations. With a focus on personal development, you'll work within a dynamic environment that values diversity and inclusion. Join a team committed to making a meaningful impact and enjoy a fulfilling career with opportunities for growth and hybrid working arrangements.

Benefits

Generous pension

Bonuses

Share schemes

Flexible benefits

Wellbeing initiatives

Parental leave policies

Qualifications

• Higher qualification at least Masters level in Mathematics, Finance, or a similar quantitative discipline.
• Experience in a Model Validation or Front Office Quant role.

Responsibilities

• Develop and benchmark pricing models in an independent code library using C++ or Python.
• Perform qualitative analysis and stress testing of pricing models.

Skills

C++

Python

Analytical Skills

Mathematics

Finance

Education

Masters in Mathematics

Masters in Finance

Job description

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Client:

Lloyds Banking Group

Location:

London, United Kingdom

Job Category:

Finance

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EU work permit required:

Yes

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Job Reference:

812143f6fb4c

Job Views:

8

Posted:

26.04.2025

Expiry Date:

10.06.2025

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Job Description:

Description

LOCATION(S): London, Bristol or Leeds

HOURS: Full-time

WORKING PATTERN: Our work style is hybrid, involving at least two days per week, or 40% of our time, at one of our office sites

An excellent opportunity for a highly motivated applicant to join the Model Risk and Validation team within Lloyds Banking Group. This is an exciting opportunity to be part of a dynamic team in a changing and challenging environment, which offers considerable scope for personal development.

About this opportunity

You'll join the Pricing Model Validation team which covers valuation models for Lloyds Banking Group. The team is responsible for the independent review and analysis of derivative pricing models used for valuation and risk.

Responsibilities:

• Develop and benchmark pricing models in an independent code library using either C++ or Python.
• Provide theoretical analysis and review of pricing models across asset classes, understanding the mathematical models used and their implementation methods.
• Perform qualitative analysis and stress testing of pricing models used for pricing and/or risk calculations.
• Model the annual review process for pricing models.
• Undertake algorithmic trading validation work to ensure compliance with MiFID regulation.
• Undertake trade surveillance validation work to ensure compliance with FCA regulation.

Why Lloyds Banking Group

Join us and, as well as making a difference to customers, you’ll enjoy a fulfilling career with opportunities to be yourself, great colleagues, transforming workspaces, hybrid working, and diverse career paths.

What you’ll need

• A numerical or statistical background, evidenced through a higher qualification at least Masters level in Mathematics, Finance, or a similar quantitative discipline, or demonstrated commercial experience in a quantitative role.
• Experience in a Model Validation or Front Office Quant role.
• Programming experience in C++ and/or Python.
• Understanding of derivative pricing models, stochastic calculus, partial differential equations, and Monte Carlo simulation.
• Strong analytical skills.
• Excellent written and oral communication skills, with the ability to explain quantitative models clearly and concisely.
• Ability to work independently, meet deadlines, and perform under pressure.

About working for us

We are committed to diversity and inclusion, reflecting modern society, and creating a workplace where everyone feels they belong. We offer benefits such as a generous pension, bonuses, share schemes, flexible benefits, holidays, wellbeing initiatives, and parental leave policies. We especially welcome applications from under-represented groups and are disability confident. Please let us know if you need reasonable adjustments during the recruitment process.

Join us to do meaningful work that impacts millions, and be part of our journey to help Britain prosper.