Quantitative Researcher - XVA

Deutsche Bank

Greater London

On-site

GBP 60,000 - 90,000

Full time

14 days+

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Benefits offered by this job

Competitive salary

Non-contributory pension

30 days holiday plus bank holidays

Life assurance

Private healthcare

Flexible benefits

Volunteering leave

Job summary

A leading financial institution in Greater London is seeking a Quantitative Strategist to enhance models for pricing and risk management. The role involves collaboration with multiple teams and requires strong quantitative and programming skills including Python and Matlab. Ideal candidates will have a MSc or PhD in a quantitative field, with strong analytical capabilities and experience in financial services. This position offers hybrid working, competitive salary, and extensive benefits.

Qualifications

Experience in financial services with strong quantitative skills.
Expertise in counterparty risk and derivatives is desirable.
Strong mathematics: probability, stochastic calculus, numerical methods.

Responsibilities

Improve existing models for pricing and risk management of counterparty exposure.
Collaborate with various teams to enhance the modelling of XVA/Counterparty Credit Risk.
Document and test new and existing models.

Skills

Quantitative skills

Modelling

Risk management

Python

Matlab

C++

SQL

Oracle

Interpersonal skills

Education

MSc/PhD in Finance, Maths, Physics, Computer Science, Econometrics, Statistics, or Engineering

Tools

SQL

Oracle

Job description

Quantitative Strategist – Deutsche Bank, London

Group Strategic Analytics (GSA) is part of Group Chief Operation Office (COO) that bridges the Bank’s businesses and infrastructure functions to deliver efficiency, control, and transformation goals.

You will join the DBAnalytics (DBA) group, the front‑office quant team that maintains and improves the analytics library used across all divisions of Deutsche Bank. It is used for trading and risk management of cash and derivatives in all asset classes, including rates, credit, FX, commodities, inflation, corporate finance, money markets, mortgages, hybrids, emerging markets, and X‑value adjustment (XVA). DBA also supports many of Deutsche Bank’s regulatory and portfolio calculations.

What we’ll offer you

We are committed to an environment with development and wellbeing at its centre.

Hybrid working – eligibility to work remotely part of the time
Competitive salary and non‑contributory pension
30 days’ holiday plus bank holidays, with option to purchase additional days
Life assurance and private healthcare for you and your family
Flexible benefits: retail discounts, Bike4Work scheme, gym benefits
CSR programme support + 2 days’ volunteering leave per year

Your key responsibilities

Improve existing models and implement new models for pricing and risk management of counterparty exposure and XVA.
Work in partnership with Trading, other Strats, Structuring, IT, Model Validation, Credit Risk Management and Finance teams to support them to achieve their goals and improve the modelling of XVA/Counterparty Credit Risk.
Document and test new and existing models.

Your skills and experience

Excellent quantitative, modelling, pricing and risk management skills, with experience within a financial services environment.
Strong computing and programming skills, experience with Python, Matlab, R, S‑Plus, C++, SQL and Oracle.
Expertise in counterparty risk and derivatives from professional experience or education is desirable.
Education: MSc / PhD in Finance, Maths, Physics, Computer Science, Econometrics, Statistics or Engineering.
Strong mathematics: probability, stochastic calculus and numerical methods (finite differences, Monte Carlo).
Excellent interpersonal skills; ability to collaborate, partner with various teams and communicate effectively.

How we’ll support you

Training and development to help you excel in your career.
A suite of flexible benefits that you can tailor to suit your needs.
We value diversity and, as an equal‑opportunity employer, make reasonable adjustments for those with a disability, including assistive equipment if required.

About us

Deutsche Bank is the leading German bank with strong European roots and a global network.

Deutsche Bank in the UK is proud to have been named The Times Top 50 Employers for Gender Equality 2025 for six consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

If you have a disability, health condition, or require any adjustments during the application process, we encourage you to contact our Adjustments Concierge at adjustmentsconcierge@db.com to discuss how we can best support you. Alternatively, you can share your phone number and a member of the team will be happy to call you to talk through your specific requirements.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Seniority Level