Front Office Quant Developer

ITSync; Amsterdam; Hybrid; EUR 73,000 - 84,000; Full time

Benefits offered by this job

Holiday allowance

13th month

Pension

ZZP freelance option

Job summary

ING in Amsterdam is seeking a Front Office Quant Developer with a strong background in quantitative modelling, risk modelling and quantitative finance. You will join a team of about 15 professionals responsible for the development and implementation of quantitative risk models across the full lifecycle.

The role blends mathematics and modelling with programming, using C++ where relevant. A PhD is valued but not required; a ZZP option with hourly rates is available for freelancers.

Qualifications

• Strong quantitative modelling background with proven model development experience.
• Understanding of risk modelling and financial products.
• Experience across the full model lifecycle: development, calibration, backtesting.

Responsibilities

• Develop and implement quantitative risk models end-to-end.
• Work on Market Risk and Counterparty Credit Risk models.
• Apply Monte Carlo modelling and other techniques.
• Document models, methodologies and results.
• Collaborate with Quant, Risk and related teams.

Skills

Quantitative modelling

Mathematics

Econometrics

Physics

Statistics

Quantitative model development

Risk modelling

Full model lifecycle

Calibration and backtesting

C++ exposure

Education

PhD in a quantitative discipline

Tools

C++

Job description

Amsterdam, Netherlands

For ING in Amsterdam, we are looking for a Front Office Quant Developer with a strong background in quantitative modelling, risk modelling and quantitative finance.

You will join a quantitative team that is currently being restructured following the merger of two teams. The team consists of approximately 15 professionals and is responsible for the development and implementation of quantitative risk models.

This is a role for someone who genuinely enjoys mathematics and modelling. The emphasis is on understanding, developing and owning quantitative models throughout their full lifecycle. Programming is part of the role, but strong quantitative and modelling skills are more important than being a pure software developer.

What will you do?

You will work end-to-end across the model lifecycle, including model development, implementation, testing and documentation.

Your responsibilities include:

• Developing and enhancing quantitative risk models
• Working on Market Risk and Counterparty Credit Risk related models
• Working with Monte Carlo modelling and other quantitative modelling techniques
• Performing model calibration and backtesting
• Implementing and testing quantitative models
• Translating quantitative concepts into robust model implementations
• Documenting models, methodologies and results
• Working with stakeholders across Quant, Risk and related teams
• Contributing to models used within the bank's risk and capital framework

Experience with CCR, XVA, Securities Financing Transactions (SFTs) or IMM exposure modelling is particularly interesting, although not all of these areas are hard requirements.

Requirements

What are we looking for?

Above all, we are looking for someone with a strong quantitative modelling background. You understand the mathematics behind a model and have preferably developed quantitative models yourself rather than only using or validating them.

You bring:

• A strong background in Mathematics, Quantitative Finance, Econometrics, Physics, Statistics or another highly quantitative field
• Demonstrable experience with quantitative model development
• A strong understanding of risk modelling
• Experience across the full model lifecycle
• Experience with calibration and backtesting
• An understanding of financial products, pricing and/or different asset classes
• The ability to explain quantitative concepts clearly and work effectively with stakeholders
• A proactive, approachable and collaborative personality

A PhD in a quantitative discipline is highly valued, but is not stated as a hard requirement.

Experience with C++ is valuable, but not a hard requirement. Likewise, previous trading experience is not required. The focus is on your quantitative understanding and modelling capabilities.

A traditional ALM-focused background is not what we are looking for for this position.

Experience

There is no strict requirement regarding the number of years of experience. The quality and relevance of your modelling experience are more important than the number of years on your CV.

Whether you have worked at a large financial institution or in another quantitative environment is also less important than demonstrating that you have actually developed and understood quantitative models.

What do we offer?

• One-year contract, with a strong possibility of extension
• Salary range of €6,500.60 – €7,500.00gross per month, based on 36 hours per week and depending on experience.
• Holiday allowance, a 13th month and pension
• Freelance (ZZP) is also possible, with an hourly rate of € 99,00 – € 112,00.

Interested?

We would be happy to hear from you.