Quantitative Analyst - Model Validation
Lloyds Banking Group, Cheap, City and County of the City of London
Quantitative Analyst - Model Validation
Salary not available. View on company website.
Lloyds Banking Group, Cheap, City and County of the City of London
- Full time
- Permanent
- Onsite working
Posted 2 weeks ago, 6 Nov | Get your application in now before you miss out!
Closing date: Closing date not specified
job Ref: 520fdd8a61d14cb3a6b042d54a48c488
Full Job Description
- Develop and benchmark pricing models in an independent code library using either C++ or Python.
- Provide theoretical analysis and review of pricing models across asset classes understanding the mathematical models used and their implementation methods.
- Perform qualitative analysis and stress testing of pricing models used for pricing and/or risk calculations.
- To model the annual review for pricing models.
- Undertake algorithmic trading validation work to be complaint with MiFID regulation.
- Undertake trade surveillance validation work to be complaint with FCA regulation.
An excellent opportunity for a highly motivated applicant to join the Model Risk and Validation team within Lloyds Banking Group. This is an exciting opportunity to be part of a dynamic team in a changing and challenging environment, which offers considerable scope for personal development., You must have a numerical or statistical background (evidenced through a higher qualification to at least Masters level in a quantitative discipline such as Mathematics or Finance, or via demonstrate commercial experience in a quantitative role.) - Experience of working in a Model Validation or Front Office Quant role
- Programming experience in C++ and/or Python
- Theoretical understanding and familiarity with derivative pricing models, stochastic calculus, partial differential equations and Monte Carlo simulation
- Strong analytical skills
- Excellent written and oral communication skills with an ability to communicate quantitative models in a clear and concise manner
- Ability to work independently to deadlines and under time pressure, Disability Confident About Disability Confident A Disability Confident employer will generally offer an interview to any applicant that declares they have a disability and meets the minimum criteria for the job as defined by the employer. It is important to note that in certain recruitment situations such as high-volume, seasonal and high-peak times, the employer may wish to limit the overall numbers of interviews offered to both disabled people and non-disabled people. For more details please go to Disability Confident.
- A generous pension contribution of up to 15%
- An annual performance-related bonus
- Share schemes including free shares
- Benefits you can adapt to your lifestyle, such as discounted shopping
- 30 days' holiday, with bank holidays on top
- A range of wellbeing initiatives and generous parental leave policies Want to do amazing work, that's interesting and makes a difference to millions of people? Join our journey.
Our focus is to ensure we're inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms. We want our people to feel that they belong and can be their best, regardless of background, identity or culture. We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative. And it's why we especially welcome applications from under-represented groups. We're disability confident. So if you'd like reasonable adjustments to be made to our recruitment processes, just let us know We also offer a wide-ranging benefits package, which includes: