Quantitative Researcher - FX

Millennium; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

A leading global hedge fund is seeking a Quantitative Researcher – FX to join their Fixed Income & Commodities Technology team in London. The ideal candidate will have at least 2 years of experience in FX market modeling and derivatives, with strong analytical and problem-solving skills. Responsibilities include maintaining cross-asset pricing libraries and developing cutting-edge analytics tools. The role offers a full-time entry-level position with significant growth opportunities.

Qualifications

• 2+ years experience in FX market modeling and derivatives.
• Strong knowledge of numerical methods like Monte Carlo and Finite Differences.
• Modern C++ programming experience preferred.
• Modern C++ programming experience preferred.
• Experience supporting traders/portfolio managers on pnl, risk explain and pre-trade analysis.
• Strong analytical and mathematical skills; detail-oriented and organized.
• Solid communication skills and ownership of work.

Responsibilities

• Maintain and develop cross-asset pricing and risk library.
• Deliver hedge Foreign Exchange specific pre-trade, pricing, and risk analytics.

Skills

FX market modelling conventions

Exotic models

Numerical methods (Monte Carlo, Finite Differences)

C++ programming

Analytical skills

Problem solving

Communication skills

Trader support

Analytical skills

Problem solving

Communication skills

Tools

Pricing libraries

Job description

Quantitative Researcher – FX

Join to apply for the Quantitative Researcher – FX role at Millennium

Millennium is a top tier global hedge fund with a strong commitment to leveraging innovations in technology and data science to solve complex problems for the business. We are assembling a strong Quant Technology team to build our next generation in‑house analytics and trader support tools. This team will sit under the Fixed Income & Commodities Technology (FICT) group and will develop and maintain the in‑house pricing libraries to support trading in Fixed Income, Commodities, Credit, and FX business at Millennium. FICT provides a dynamic and fast‑paced environment with excellent growth opportunities.

Responsibilities

• Work closely with Quants in London, Geneva & New York to maintain and develop our cross‑asset pricing and risk library
• Work with the business and other Quants to deliver cutting‑edge hedge Foreign Exchange specific pre‑trade, pricing and risk analytics tools

Requirements

• 2+ years experience in FX market modelling conventions and derivatives. Exotics preferable.
• Experience working with exotic models for single or multi‑asset: Local Stochastic Volatility, Local Correlation preferable but not essential
• Strong knowledge in at least one of the main numerical methods Monte Carlo, Finite Differences, Finite Elements.
• Modern C++ professional programming experience is preferred
• Experience supporting traders or portfolio managers on regular questions like pnl/risk explain and/or pre‑trade analysis tools
• Strong analytical and mathematical skills
• Strong problem solving capabilities
• Excellence driven, detail oriented and organized
• Demonstrating thoroughness and strong ownership of work
• Solid communication skills

Seniority level

Entry level

Employment type

Full‑time

Job function

Finance and Sales

Industries

Investment Management

Location: London, England, United Kingdom