Quantitative Analyst, Pricing Risk Model Validation

Macquarie Group; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Wellbeing leave day

Parental leave benefits

Fertility and transition leave

Volunteer leave and donation matching

Salary sacrifice options

Medical and life insurance

Job summary

Macquarie Group is seeking a Quantitative Analyst within the Model Risk Management team in London. You will participate in the independent validation of pricing and risk models across global trading activities, collaborating with quantitative developers, traders and risk professionals to review methodologies and assess performance.

You will apply quantitative techniques—Monte Carlo, SDEs, finite-difference methods—and communicate insights to support risk-informed decisions while developing

Qualifications

• Degree in a highly quantitative discipline (maths, stats, physics, engineering, CS, financial maths, or related).
• Strong foundation in probability, statistics, stochastic calculus and numerical methods.
• Knowledge of derivatives pricing techniques (Monte Carlo, SDEs, finite-difference/grid methods).
• Interest in financial markets, derivatives and quantitative modelling; prior experience helpful but not required.
• Experience using programming or analytical tools to solve quantitative problems.
• Proficiency with Python, C++, or R; exposure to regression, optimisation or time-series analysis.

Responsibilities

• Contribute to independent validation of pricing and risk models used across global trading activities.
• Apply analytical and programming techniques to review model methodologies and assess performance under different market conditions.
• Communicate insights to support informed decision-making and strengthen model integrity across locations.

Skills

Mathematics

Statistics

Probability

Stochastic calculus

Numerical methods

Python

C++

R

Quantitative modelling

Communication

Education

Bachelor's or higher in a highly quantitative discipline

Tools

Python

C++

R

Job description

Build confidence in the models that power global financial markets. Joining the Model Risk Management team within the Risk Management Group, you will play a key role in independently assessing quantitative models used across the Commodities and Global Markets business, helping to ensure robust risk management while developing expertise across a diverse range of products, markets and modelling techniques in a collaborative global environment.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

As a Quantitative Analyst within the Model Risk Management team, you will contribute to the independent validation of pricing and risk models used across global trading activities, helping to strengthen the integrity and effectiveness of key quantitative frameworks. Working closely with quantitative developers, traders and risk professionals, you will apply analytical and programming techniques to review model methodologies, challenge assumptions, assess model performance under different market conditions and communicate insights that support informed decision-making. Reporting to a senior member of the Model Risk Management team, you will gain exposure to a broad range of financial products and quantitative approaches while building strong stakeholder relationships across global locations

What you offer

• A degree in a highly quantitative discipline such as mathematics, statistics, physics, engineering, computer science, financial mathematics, or a related field.
• A strong foundation in probability, statistics, stochastic calculus, and numerical methods.
• Knowledge of quantitative techniques used in derivative pricing, such as Monte Carlo simulation, stochastic differential equations, and finite-difference/grid methods for solving pricing problems.
• An understanding of, or strong interest in, financial markets, derivatives, and quantitative modelling. Prior professional experience in these areas is helpful but not required.
• Experience using programming or analytical tools to solve quantitative problems.
• Experience with Python, C++, R or similar languages is beneficial.
• Exposure to additional analytical techniques such as regression, optimisation, or time-series analysis, whether through university coursework, research, internships, or professional experience.
• The ability to break down complex quantitative problems, challenge assumptions and communicate conclusions clearly.
• Strong written and verbal communication skills and an interest in collaborating with colleagues and stakeholders across different asset classes and global locations.
• A willingness to learn new financial products, modelling techniques and programming approaches.

What we offer

At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Paid fertility leave for those undergoing or supporting fertility treatment
• 2 days of paid volunteer leave and donation matching
• Access to a wide range of salary sacrificing options
• Benefits and initiatives to support your physical, mental and financial wellbeing including, comprehensive medical and life insurance cover
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Access to company funded emergency and backup dependent care services
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

About the Risk Management Group

Our Risk Management Group works as an independent, and centralised function, responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. We are a global team that aims to manage the risks of today and anticipate the risks of tomorrow. Our divisions include compliance, credit, financial crime risk, market risk, operational risk, aggregate risk and prudential, and central.

Inclusion at Macquarie

We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background.
We provide reasonable adjustments to individuals who may need support during the recruitment process and employment. If you require an adjustment, please let us know during the application process.