Senior Quantitative Analyst (Quant)

Placements24; Johannesburg; Hybrid; ZAR 1,800,000 - 3,400,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Leave allowance

Training and conferences

Hybrid work arrangement

Exposure to diverse financial markets

Job summary

Placements24 is assisting a leading financial institution in Johannesburg to recruit a Senior Quantitative Analyst. The role focuses on developing and back-testing pricing, risk management, and hedging models for derivatives, with production deployment using Python, C++, or R.

You will work closely with traders, portfolio managers, and risk officers in a hybrid work setting. The ideal candidate has a PhD/masters in a quantitative field and at least 5 years in quantitative finance, with strong

Qualifications

• Master's or PhD in Mathematics, Statistics, Physics, CS, Financial Engineering, or Economics.
• Minimum 5 years of relevant Quant experience in financial services.
• Strong knowledge of derivatives, risk management, and financial markets.
• Proficiency in Python, C++, R or Java.

Responsibilities

• Develop, back-test quantitative models for pricing, risk management and hedging of derivatives.
• Design and build algorithms for trading strategies and portfolio optimization.
• Conduct in-depth statistical analysis of market data to identify trends and opportunities.
• Collaborate with traders, PMs and risk officers to meet analytical needs and provide solutions.
• Implement quantitative models in production using high-level programming languages.
• Perform rigorous validation and stress testing of models for accuracy and robustness.
• Research and explore new quantitative methodologies and technologies.
• Contribute to regulatory reporting and model risk compliance.
• Present complex findings to technical and non-technical audiences.
• Mentor junior quantitative analysts and contribute to team knowledge.

Skills

Analytical thinking

Problem solving

Communication skills

Presentation skills

Teamwork

Education

Master's or PhD in quantitative field

Tools

Python

C++

R

Java

Databases

Job description

About the Role

Our client, a prestigious investment bank with a significant presence in Johannesburg, is seeking a highly skilled Senior Quantitative Analyst (Quant) to join their dynamic risk management division. This role offers a challenging and rewarding opportunity to develop sophisticated financial models and analytical tools used across trading, risk, and portfolio management. You will work within a collaborative team environment, leveraging advanced mathematical and statistical techniques to solve complex financial problems. The position is based in our Johannesburg office, offering a hybrid work arrangement that combines the benefits of in-person collaboration with the flexibility of remote work. This role is ideal for a seasoned professional looking to make a significant impact in the financial markets and advance their career in a leading institution.

Key Responsibilities

• Develop, implement, and back-test quantitative models for pricing, risk management, and hedging of financial derivatives.
• Design and build sophisticated algorithms for trading strategies and portfolio optimization.
• Conduct in-depth statistical analysis of market data to identify trends and opportunities.
• Collaborate with traders, portfolio managers, and risk officers to understand their analytical needs and provide solutions.
• Implement quantitative models in production environments using high-level programming languages.
• Perform rigorous validation and stress testing of models to ensure accuracy and robustness.
• Research and explore new quantitative methodologies and technologies.
• Contribute to regulatory reporting and compliance requirements related to model risk.
• Present complex analytical findings to both technical and non-technical audiences.
• Mentor junior quantitative analysts and contribute to the team's knowledge base.

Requirements

• Master's or Ph.D. in a quantitative field such as Mathematics, Statistics, Physics, Computer Science, Financial Engineering, or Economics.
• Minimum of 5 years of relevant experience as a Quantitative Analyst in the financial services industry.
• Strong theoretical and practical knowledge of financial markets, derivatives, and risk management principles.
• Proficiency in programming languages commonly used in quantitative finance, such as Python, C++, R, or Java.
• Experience with numerical methods, statistical modeling, machine learning, and data analysis.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong understanding of database technologies and data manipulation.
• Effective communication and presentation skills, with the ability to explain complex concepts clearly.
• Ability to work independently and as part of a team in a fast-paced environment.
• Comfortable with a hybrid work model, splitting time between the Johannesburg office and remote work.

Benefits

• Highly competitive base salary and annual bonus structure.
• Access to cutting-edge financial technology and data.
• Comprehensive medical aid and retirement fund.
• Generous leave allowance and other employee benefits.
• Opportunities for professional growth, training, and conference attendance.
• Hybrid work arrangement fostering work-life balance.
• Stimulating and intellectually challenging work environment.
• Exposure to a wide range of financial products and markets.