Senior Quantitative Analyst - Remote

Placements24; Pietermaritzburg; Hybrid; ZAR 1,000,000 - 1,600,000; Full time

Benefits offered by this job

Competitive salary package

Health and wellness benefits

Professional development opportunities

Generous annual leave

Access to cutting-edge technology

Collaborative remote work environment

Performance-based bonuses

Retirement savings plan

Job summary

Placements24 is seeking a Senior Quantitative Analyst for a fully remote role within South Africa. The candidate will develop, validate, and implement sophisticated financial models used for risk, pricing and trading strategies, collaborating with traders, risk managers, and technology teams.

The ideal candidate has 5+ years in a quantitative finance environment, strong programming skills (Python/R/C++/Java), and deep knowledge of derivatives, stochastic calculus, and time series analysis.

Qualifications

• Master's or PhD in Mathematics, Statistics, Physics, Engineering or Finance.
• Minimum of 5 years in a quantitative role within financial services.
• Proficiency in Python, R, C++, or Java.
• Strong understanding of derivatives, stochastic calculus, and time series analysis.
• Experience with data analysis and statistical modeling techniques.

Responsibilities

• Develop and maintain complex quantitative models for pricing derivatives, assessing credit risk, and forecasting market movements.
• Conduct back-testing and validation of models to ensure accuracy and reliability.
• Implement models into production environments using Python, R, C++, or Java.
• Analyze large datasets to identify trends, anomalies, and opportunities for optimization.
• Collaborate with front-office and risk management teams to translate needs into quantitative solutions.
• Prepare reports and presentations on model performance for senior management.
• Stay updated on developments in quantitative finance, ML, and regulatory requirements.
• Contribute to the ongoing improvement of quantitative frameworks and methodologies.
• Ensure compliance with regulatory standards and internal policies.

Skills

Python

R

C++

Java

Statistical modeling

Data analysis

Communication

Education

Master's or PhD in quantitative field

Tools

AWS

Azure

GCP

Job description

About the Role

Our client, a leading financial services firm, is seeking a highly analytical and motivated Senior Quantitative Analyst to join their dynamic team. This is a fully remote position, offering the flexibility to work from anywhere within South Africa. The successful candidate will play a crucial role in developing, validating, and implementing sophisticated financial models used for risk management, pricing, and trading strategies. This role demands a deep understanding of financial markets, advanced mathematical techniques, and strong programming skills. You will collaborate with cross-functional teams, including traders, risk managers, and technology professionals, to deliver data-driven insights and solutions that enhance business performance and mitigate risk in a global financial landscape. We are committed to fostering a remote-first culture, providing the necessary tools and support for our team members to thrive independently and collaboratively, ensuring seamless integration into our company's objectives and success.

Key Responsibilities

• Develop and maintain complex quantitative models for pricing derivatives, assessing credit risk, and forecasting market movements.
• Conduct rigorous back-testing and validation of models to ensure accuracy and reliability.
• Implement models into production environments using programming languages such as Python or C++.
• Analyze large datasets to identify trends, anomalies, and opportunities for optimization.
• Collaborate with front-office and risk management teams to understand their needs and translate them into quantitative solutions.
• Prepare detailed reports and presentations on model performance and findings for senior management.
• Stay abreast of the latest developments in quantitative finance, machine learning, and regulatory requirements.
• Contribute to the continuous improvement of the firm's quantitative frameworks and methodologies.
• Ensure all developed models comply with regulatory standards and internal policies.

Requirements

• Master's or PhD in a quantitative field such as Mathematics, Statistics, Physics, Engineering, or Finance.
• Minimum of 5 years of experience in a quantitative role within the financial services industry.
• Proficiency in programming languages such as Python, R, C++, or Java.
• Strong understanding of financial derivatives, stochastic calculus, and time series analysis.
• Experience with data analysis and statistical modeling techniques.
• Excellent problem-solving skills and the ability to work independently.
• Strong communication and interpersonal skills, with the ability to explain complex concepts to non-technical audiences.
• Proven ability to manage multiple projects and meet tight deadlines.
• Experience with cloud computing platforms (AWS, Azure, GCP) is a plus.

Benefits

• Competitive salary package.
• Comprehensive health and wellness benefits.
• Opportunities for professional development and continuous learning.
• Generous annual leave allowance.
• Access to cutting-edge technology and resources.
• A collaborative and supportive remote work environment.
• Performance-based bonuses.
• Retirement savings plan contribution.