Senior Quantitative Analyst

Placements24; Midrand; Hybrid; ZAR 1,200,000 - 2,400,000; Full time

Benefits offered by this job

Hybrid work model

Career development opportunities

Comprehensive medical and retirement**

Job summary

Placements24 in Midrand, Gauteng, is seeking a Senior Quantitative Analyst for a leading financial institution. You will develop, implement, and maintain sophisticated models driving pricing, risk, and regulatory reporting.

The role requires 5+ years in quantitative finance, advanced degrees, and proficiency in Python, R, C++, or MATLAB. You will collaborate with traders and risk teams, mentoring junior analysts in a hybrid work environment.

Qualifications

• Master's degree or PhD in a quantitative field such as Finance, Mathematics, Statistics, Physics, or Engineering.
• Minimum of 5 years of experience in a quantitative role within the financial services industry.
• Proven experience in developing and implementing financial models using languages like Python, R, C++, or MATLAB.
• Strong understanding of financial derivatives, fixed income, equities, and credit markets.
• Excellent knowledge of statistical modeling, time series analysis, machine learning, and econometrics.
• Proficiency in data manipulation and analysis tools.
• Strong problem-solving skills and the ability to work independently and as part of a team.
• Excellent communication and presentation skills, with the ability to articulate complex quantitative concepts effectively.

Responsibilities

• Develop, validate, and implement sophisticated quantitative models for pricing, risk management, and valuation of financial instruments.
• Conduct in-depth statistical analysis and data mining to identify trends, patterns, and potential risks within financial markets.
• Collaborate with trading desks, risk management teams, and business units to understand their needs and provide quantitative solutions.
• Perform back-testing and sensitivity analysis on existing models to ensure their accuracy and robustness.
• Contribute to the development and maintenance of risk management frameworks and regulatory reporting.
• Prepare clear and concise documentation for models, methodologies, and findings.
• Mentor junior analysts and contribute to the team's knowledge sharing and skill development.
• Stay abreast of market developments, regulatory changes, and emerging quantitative techniques.

Skills

Strong analytical mindset

Excellent communication

Presentation skills

Education

Master's/PhD in quantitative field

Tools

Python

R

C++

MATLAB

Job description

About the Role

Our client, a leading financial institution, is seeking an experienced Senior Quantitative Analyst to join their dynamic team in Midrand, Gauteng. This role offers a unique opportunity to contribute to cutting-edge financial modeling and risk management strategies within a challenging and rewarding environment. You will play a pivotal role in developing, implementing, and maintaining complex financial models that drive strategic decision-making and ensure regulatory compliance. The ideal candidate will possess a strong analytical mindset, a deep understanding of financial markets, and the ability to translate complex quantitative concepts into actionable insights for both technical and non-technical stakeholders. This is a key position that will significantly impact the firm's profitability and risk profile, requiring a proactive and detail-oriented approach to problem-solving. The role demands a commitment to excellence and a passion for innovation in the financial sector.

Key Responsibilities

• Develop, validate, and implement sophisticated quantitative models for pricing, risk management, and valuation of financial instruments.
• Conduct in-depth statistical analysis and data mining to identify trends, patterns, and potential risks within financial markets.
• Collaborate with trading desks, risk management teams, and business units to understand their needs and provide quantitative solutions.
• Perform back-testing and sensitivity analysis on existing models to ensure their accuracy and robustness.
• Contribute to the development and maintenance of risk management frameworks and regulatory reporting.
• Prepare clear and concise documentation for models, methodologies, and findings.
• Mentor junior analysts and contribute to the team's knowledge sharing and skill development.
• Stay abreast of market developments, regulatory changes, and emerging quantitative techniques.

Requirements

• Master's degree or PhD in a quantitative field such as Finance, Mathematics, Statistics, Physics, or Engineering.
• Minimum of 5 years of experience in a quantitative role within the financial services industry.
• Proven experience in developing and implementing financial models using languages like Python, R, C++, or MATLAB.
• Strong understanding of financial derivatives, fixed income, equities, and credit markets.
• Excellent knowledge of statistical modeling, time series analysis, machine learning, and econometrics.
• Proficiency in data manipulation and analysis tools.
• Strong problem-solving skills and the ability to work independently and as part of a team.
• Excellent communication and presentation skills, with the ability to articulate complex quantitative concepts effectively.
• Experience with regulatory frameworks such as Basel III or Solvency II is a plus.

Benefits

• Competitive annual salary of R .
• Comprehensive medical and retirement benefits package.
• Opportunities for professional development and continuous learning.
• A stimulating and collaborative work environment in Midrand, Gauteng.
• Access to cutting-edge technology and data resources.
• Potential for career advancement within a reputable financial institution.
• Hybrid work model allowing for a blend of in-office and remote work.