A premier global financial institution is seeking a Senior Quantitative Analyst to join its Traded Risk Model Validation function. This high-impact role centers on the independent technical validation of sophisticated algorithmic trading models within FX and Rates e-markets .
You can get further details about the nature of this opening, and what is expected from applicants, by reading the below.
As a senior member of the team, you will move beyond technical execution to provide mentorship to validation teams across London and Poland. You will serve as a subject matter expert for stakeholders in major financial hubs, including Singapore, Hong Kong, and the US, ensuring the bank's algorithmic strategies are robust and compliant.
Key Responsibilities
Model Validation and Technical Oversight
- Lead Independent Validations: Scrutinize the design, theoretical soundness, and implementation of complex algorithmic trading models.
- Benchmark Development: Build and deploy alternative models to rigorously challenge Front Office and vendor-supplied models.
- Framework Enhancement: Standardize validation testing frameworks to better quantify and monitor model risk.
- Technical Reporting: Deliver high-quality reports that clearly communicate findings and remediation strategies to senior management.
Stakeholder Engagement and Leadership
- Strategic Partnership: Act as a key partner to Front Office traders, Algo Quants, and Developers throughout the model lifecycle.
- Risk Advisory: Provide expert opinions on model risk exposures within Credit and Macro algorithmic strategies.
- Global Mentorship: Provide technical guidance and mentorship to junior quants across multiple geographies.
- Remediation Oversight: Review and approve mitigation plans to ensure identified risks are effectively managed.
Governance and Regulatory Compliance
- Regulatory Alignment: Ensure all validation practices meet evolving supervisory expectations (e.g., PRA SS5/18, SR 11-7).
- Global Governance: Participate in forums overseeing valuation model performance and risk.
- Inventory Management: Maintain comprehensive documentation within the Group’s Model Risk Inventory systems.
Skills and Experience
Technical Expertise
- Senior Experience: Proven track record in model validation or development specifically covering algorithmic trading or pricing.
- Market Microstructure: Deep understanding of FX and Fixed Income e-markets, including trading dynamics and liquidity.
- Algo Proficiency: Direct experience with execution algorithms, automated hedging, alpha prediction, and hit rate models.
- Programming: Advanced proficiency in Python (Pandas, NumPy, Scikit-learn); familiarity with other languages is a plus.
- Data Mastery: Hands‑on experience with Rates/FX e-trading datasets (RFQs, trade data, bond prices, swap rates).
Qualifications
- Advanced Degree: PhD or equivalent in a highly quantitative discipline (Mathematics, Physics, Engineering, or Mathematical Finance).
- Quantitative Toolkit: Demonstrated application of statistical, optimization, and machine learning techniques (time series, classification, supervised/unsupervised learning).
- Communication: Ability to present complex technical concepts to senior, non-technical stakeholders effectively.
The Package
This institution provides a competitive salary and a premium benefits package designed for long-term career satisfaction:
- Work‑Life Balance: Flexible hybrid working options and 30 days minimum combined holiday.
- Family Support: 20 weeks of parental/maternity leave and sabbatical opportunities.
- Wellbeing: Access to global digital wellbeing platforms and mental health support.
- Professional Growth: A continuous learning culture with global opportunities to reskill and upskill. xwzovoh
- Financial Security: Robust core funding for retirement savings, medical, and life insurance.