Senior Quantitative Analyst

Placements24; East London; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Hybrid work

Competitive salary

Medical aid

Retirement fund

Professional development

Annual leave

Job summary

Placements24 is seeking a Senior Quantitative Analyst for our client in East London, Eastern Cape. The role focuses on developing and implementing sophisticated financial models, risk assessments, and strategic insights for decision-making.

Hybrid work arrangement with competitive compensation awaits the right candidate. The ideal candidate has 5+ years in quantitative analysis, strong programming skills (Python/R/C++/MATLAB), and deep knowledge of derivatives and market risk.

Qualifications

• Master's or PhD in a quantitative field (Finance/Math/Statistics/Physics/CS).
• Minimum 5 years in a quantitative analyst role within financial services.
• Proficiency in Python, R, C++, or MATLAB.
• Strong knowledge of derivatives, fixed income, and market risk.
• Experience with statistical modeling, time series analysis, and ML techniques.

Responsibilities

• Develop, validate, and implement quantitative models for pricing, risk, and hedging.
• Back-test and analyze model robustness and sensitivity.
• Analyze large datasets to identify trends and opportunities.
• Collaborate with desks, risk, and IT to implement models.
• Prepare reports and presentations for senior management.
• Stay updated on regulatory changes and quantitative techniques.
• Mentor junior analysts and contribute to technical development.

Skills

Quantitative analysis

Time series analysis

Machine learning

Risk management

Communication

Problem-solving

Education

Master's or PhD in Finance/Math/Statistics/Physics/CS

Tools

Python

R

C++

MATLAB

Job description

About the Role

Our client, a leading financial institution, is seeking a highly analytical and experienced Senior Quantitative Analyst to join their dynamic team in **East London**. This pivotal role will involve developing and implementing sophisticated financial models, conducting in-depth risk assessments, and providing crucial insights to drive strategic decision-making. The ideal candidate will possess a strong understanding of financial markets, statistical modeling, and programming languages. This is an exciting opportunity to contribute to a reputable organization and make a significant impact within the **Eastern Cape** financial sector.

Key Responsibilities

• Develop, validate, and implement complex quantitative models for pricing, risk management, and hedging strategies.
• Conduct rigorous back-testing and sensitivity analysis to ensure model robustness and accuracy.
• Analyze large datasets to identify trends, patterns, and opportunities within financial markets.
• Collaborate with trading desks, risk management, and IT departments to implement and refine models.
• Prepare detailed reports and presentations summarizing analytical findings and recommendations for senior management.
• Stay abreast of industry best practices, regulatory changes, and emerging quantitative techniques.
• Mentor junior analysts and contribute to the team's technical development.

Requirements

• Master's or PhD degree in a quantitative field such as Finance, Mathematics, Statistics, Physics, or Computer Science.
• Minimum of 5 years of experience in a quantitative analyst role within the financial services industry.
• Proficiency in programming languages like Python, R, C++, or MATLAB.
• Strong knowledge of financial derivatives, fixed income, and market risk.
• Experience with statistical modeling, time series analysis, and machine learning techniques.
• Excellent problem-solving and analytical skills.
• Strong communication and interpersonal skills, with the ability to explain complex concepts to non-technical stakeholders.
• Familiarity with regulatory frameworks (e.g., Basel III, Solvency II) is advantageous.
• Experience working in **East London, Eastern Cape, ZA** or a similar financial hub.

Benefits

• Competitive annual salary package.
• Performance-based bonus opportunities.
• Comprehensive medical aid and retirement fund contributions.
• Generous annual leave allowance.
• Opportunities for professional development and continuous learning.
• Hybrid work arrangement allowing for flexibility between office and remote work.
• Access to cutting-edge financial technology and tools.
• A collaborative and intellectually stimulating work environment in **East London**.