Quantitative Researcher (Staff Data Scientist)

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

Job summary

An innovative company is seeking a talented Markets Data Scientist to join their dynamic Treasury team. This exciting role focuses on developing FX risk and pricing models that will shape trading strategies and positively impact millions of customers. You will design and implement cutting-edge models to manage FX risk and optimize hedging strategies, ensuring real-time risk assessment and compliance. Join a forward-thinking team that values diversity and inclusion, and contribute to the mission of making money without borders the new normal. If you are passionate about data science and finance, this opportunity is perfect for you.

Qualifications

• Strong Python skills with experience in quantitative analysis.
• Knowledge of FX market fundamentals and risk management techniques.

Responsibilities

• Develop and maintain advanced FX risk models and perform back-testing.
• Conduct quantitative analysis to support pricing strategies and model customer behavior.

Skills

Python

Java

Statistics

Machine Learning

Linear Algebra

Optimization

Risk Management

Problem Solving

Job description

Job Description

Company Description

Wise is one of the fastest growing companies in Europe and we’re on a mission: to make money without borders the new normal. We’ve got 13 million customers across the globe and we’re growing fast.

Current banking systems don't let us send, spend, or receive money across borders easily, quickly, or cheaply. So, we’re building a new one.

Job Overview

We are seeking a talented Markets Data Scientist (Quantitative Researcher) with expertise in FX risk modelling to join our dynamic Treasury team. This role focuses on developing FX risk and pricing models to influence our trading strategies, impacting millions of customers.

Your work will involve designing, implementing, and refining models that manage FX risk, optimizing hedging strategies, supporting pricing, and aiding decision-making across the organization. The goal is to assess and manage risks in real-time, reduce prices, and ensure scalable market risk capital requirements.

Our FX team manages risk on a GBP 105bn+ FX book and GBP 15bn of customer assets.

Key Responsibilities

• FX Risk Modelling and Analysis: Develop and maintain advanced FX risk models using cutting-edge techniques, perform back-testing, calibrate models for accuracy and compliance, collaborate with engineering teams for implementation, and prepare models for stress events and new product launches.
• Customer Insights: Conduct quantitative analysis to support pricing strategies, model customer behavior, monitor FX impacts on portfolios, and recommend risk mitigation strategies aligned with customer needs and regulations. Work with FX dealers and cross-functional teams to translate model findings into actionable insights, and communicate results to stakeholders.

Candidate Profile

• Strong Python skills and ability to read Java code, with experience collaborating with engineers.
• Knowledge in statistics, machine learning, linear algebra, and optimization.
• Understanding of FX market fundamentals, risk management techniques like VaR, EVT, PFE, Monte Carlo methods.
• Product mindset, good communication skills, and problem-solving abilities.

Preferred Skills (Not Essential)

• Experience in interest rate modeling, derivatives pricing, behavioral models.
• FX trading experience, especially algorithmic trading.
• Building backtesting engines and analyzing backtest metrics like Sharpe and Sortino ratios.

Additional Information

We value diversity, inclusion, and equity. Join our international team and contribute to our mission of building money without borders. Follow us to learn more about working at Wise.