Quantitative Researcher - Rates

Millennium Management; Greater London; On-site; GBP 36,000 - 76,000; Full time

Job summary

Millennium Management in London is seeking a highly skilled Quantitative Developer to maintain and extend cross-asset pricing and risk libraries for Rates, FI, and FX products. You will work with quants and traders across London, Geneva, and New York, delivering pre-trade analytics, pricing, and risk tools.

Strong C++ experience and advanced mathematical methods are essential for success in this role. The position offers a fast-paced environment within a globally connected team and opportunities

Qualifications

• Experience creating pricing and valuation models for Linear Rates (pricing curves, inflation modelling, derivative pricing).
• Experience with FX products (vanillas/exotics) is a plus but not required.
• Strong knowledge of numerical methods (Monte Carlo, Finite Differences, Finite Elements).
• Modern C++ programming experience is preferred.
• Experience supporting traders with pre-trade analysis tools and PnL explanations.
• Strong analytical and mathematical skills; ownership of work; good communication.

Responsibilities

• Collaborate with quants in London, Geneva, and New York to maintain and develop cross-asset pricing and risk libraries.
• Work with the business and other quants to deliver Rates-specific pre-trade, pricing, and risk analytics tools.

Skills

Pricing models

Monte Carlo methods

Finite Differences

Finite Elements

FX products knowledge

Analytical skills

Problem solving

Communication

Tools

C++

Job description

Salary: £36,000 - 76,000 per year

Requirements:

• Previous experience developing pricing and valuation models for Linear Rates, including interest rate curve construction, inflation modelling, and derivative instrument pricing, is required
• Experience working with FX products, including vanillas and exotics, is preferable but not essential
• Strong knowledge in at least one main numerical method: Monte Carlo, Finite Differences, or Finite Elements
• Modern C++ professional programming experience is preferred
• Experience supporting traders or portfolio managers with regular questions such as PnL/risk explain and pre-trade analysis tools
• Strong analytical and mathematical skills
• Strong problem-solving capabilities
• Excellence-driven, detail-oriented, and organized
• Thoroughness and strong ownership of work
• Solid communication skills

Responsibilities:

• Work closely with quants in London, Geneva, and New York to maintain and develop our cross-asset pricing and risk library
• Work with the business and other quants to deliver cutting-edge Rates-specific pre-trade, pricing, and risk analytics tools

Technologies:

• Support
• Quant
• C++

More:

We are 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 sits under the Fixed Income & Commodities Technology (FICT) group and develops and maintains the in-house pricing libraries that support trading in Fixed Income, Commodities, Credit, and FX businesses. FICT offers a dynamic, fast-paced environment with excellent growth opportunities.

last updated 36 week of 2026