Senior Quantitative Analyst: Hybrid Financial Modelling

Placements24; South Africa; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Health insurance

Paid time off

Professional development

Hybrid work in Midrand

Pension contributions

Performance incentives

Job summary

Placements24 in South Africa is seeking a Senior Quantitative Analyst in Midrand, Gauteng. You will develop, implement, and validate complex financial models used for risk management, pricing, and strategic decision-making in a banking and finance environment.

The role requires advanced degrees, 5+ years of experience, and proficiency in Python, C++, and R, with Monte Carlo, time series analysis, and machine learning.

Qualifications

• Master's or PhD in Quantitative Finance, Mathematics, Statistics, Physics, Computer Science, or a related highly quantitative field.
• Minimum of 5 years of experience in quantitative finance, preferably within a banking or asset management environment.
• Proven expertise in financial modeling techniques, including Monte Carlo simulations, stochastic calculus, time series analysis, and machine learning.
• Proficiency in programming languages such as Python (with libraries like NumPy, SciPy, Pandas), C++, or R.

Responsibilities

• Develop, test, and deploy sophisticated quantitative models for financial derivatives pricing, risk assessment, and portfolio optimization.
• Perform rigorous back-testing and validation of existing models to ensure accuracy and compliance with regulatory standards.
• Collaborate with traders, portfolio managers, and risk officers to understand their needs and translate them into effective modeling solutions.
• Conduct in-depth research into new financial instruments, market trends, and cutting-edge modeling methodologies.
• Prepare detailed documentation of models, methodologies, and results for internal review and external auditors.
• Automate reporting processes and enhance data quality for financial modeling inputs.
• Mentor junior analysts and contribute to the team's knowledge sharing and skill development.
• Present complex findings and model recommendations to senior management and stakeholders in a clear and concise manner.

Skills

Monte Carlo

Time series analysis

Machine learning

Analytical thinking

Communication

Education

Master's/PhD in quantitative field

Tools

Python (NumPy/SciPy/Pandas)

C++

R

SQL

Job description

Placements24 in South Africa is seeking a Senior Quantitative Analyst in Midrand, Gauteng. You will develop, implement, and validate complex financial models used for risk management, pricing, and strategic decision-making in a banking and finance environment.

The role requires advanced degrees, 5+ years of experience, and proficiency in Python, C++, and R, with Monte Carlo, time series analysis, and machine learning.