Quantitative Analyst (Quant) - Derivatives Pricing

Placements24; Paarl; Hybrid; ZAR 3,046,000 - 5,415,000; Full time

Job summary

Placements24 is seeking a highly skilled Quantitative Analyst to join a fully remote trading desk. You will develop, implement, and backtest pricing models for exotic derivatives, applying stochastic calculus and numerical methods at the core of trading strategies.

The role requires a PhD/ MSc in a quantitative field and 4–6 years of derivatives pricing experience. Strong C++, Python, or R programming skills are essential for building robust pricing tools and risk models in a remote,

Qualifications

• PhD or MSc in a quantitative field (Math/Physics/Engineering/Stats/CS).
• 4–6 years of experience as a Quant in derivatives pricing.
• Strong knowledge of stochastic calculus and numerical methods.
• Proficiency in C++, Python, or R for pricing models.

Responsibilities

• Develop, implement, backtest pricing models for exotic derivatives.
• Design and calibrate models and risk calculations.
• Collaborate with traders and portfolio managers to translate needs into models.
• Perform sensitivity analyses and stress tests on pricing models.
• Contribute to quantitative infrastructure and libraries.
• Document methodologies and model implementations clearly.

Skills

Stochastic calculus

Probability theory

Numerical methods

C++/Python/R programming

Analytical thinking

Independent project work

Education

PhD or MSc in Mathematics/Physics/Financial Engineering/Statistics/Computer Science

Tools

C++

Python

R

Job description

About the Role

Our client, a sophisticated quantitative hedge fund, is seeking a highly talented Quantitative Analyst (Quant) to join their fully remote trading desk. This role is ideal for an individual with exceptional mathematical and programming skills, focusing on the development and implementation of pricing models for complex derivatives. Working remotely offers unparalleled flexibility while contributing to a high-performance team that is at the forefront of quantitative finance. You will be responsible for researching, designing, and validating cutting-edge pricing and risk models, directly impacting trading strategies and profitability. This is a challenging and rewarding opportunity for a top-tier quant professional.

Key Responsibilities

• Develop, implement, and backtest sophisticated mathematical models for pricing exotic derivatives (e.g., options, swaps, structured products).
• Design and implement efficient algorithms for model calibration and risk calculation.
• Collaborate with traders and portfolio managers to understand their needs and translate them into quantitative solutions.
• Perform sensitivity analysis and stress testing of pricing models and trading strategies.
• Contribute to the continuous improvement of the firm's quantitative infrastructure and libraries.
• Research and stay abreast of the latest academic literature and market developments in quantitative finance.
• Ensure the accuracy, robustness, and efficiency of all quantitative models and code.
• Work effectively in a remote, collaborative team environment, communicating complex ideas clearly.
• Document methodologies, algorithms, and model implementations thoroughly.
• Contribute to the development of real-time pricing and risk management systems.

Requirements

• Ph.D. or Master's degree in a quantitative discipline such as Mathematics, Physics, Financial Engineering, Statistics, or Computer Science.
• Minimum of 4-6 years of relevant experience as a Quantitative Analyst, preferably in derivatives pricing.
• Strong expertise in stochastic calculus, probability theory, and numerical methods (e.g., Monte Carlo, finite differences).
• Proficiency in programming languages commonly used in quantitative finance, such as C++, Python, or R.
• Experience with derivatives pricing models and market risk systems.
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to work independently and manage complex projects in a remote setting.
• Strong communication and interpersonal skills to collaborate effectively with traders and other team members.
• Understanding of financial markets and trading practices is essential.
• Proven track record of delivering high-quality quantitative solutions.

Benefits

• This contract role offers an exceptionally competitive compensation package, including a substantial base rate and performance-based bonuses reflecting the high-impact nature of the work.
• As a remote position, it provides maximum flexibility and autonomy.
• You will work with a highly intelligent and driven team, gaining exposure to sophisticated trading strategies and complex financial instruments.
• Our client supports continuous learning and professional development, encouraging participation in relevant conferences and research.
• This is an outstanding opportunity to apply your quantitative skills to challenging problems in a dynamic, fully remote trading environment, contributing significantly to the success of a leading quantitative investment firm.