Fx Options Quantitative Developer Job at Citi (London)

Fx Options Quantitative Analyst (Vice President)

FX Options Quantitative Analyst is a strategic professional within the Markets Q...

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Relevant experience in quantitative model development within a financial institution, with significant exposure to FX or interest rate products
Proficiency in C++ is essential
working knowledge of Python is also required for scripting and analysis
Solid understanding of stochastic calculus, numerical methods (e.g. Monte Carlo simulations, finite difference methods) and option pricing theory
Demonstrated experience with quantitative modelling for market risk, specifically in FX Options or interest rate derivatives
Excellent analytical, problem-solving and critical thinking skills, with the ability to effectively challenge complex models
Consistently demonstrates clear and concise written and verbal communication skills, with the ability to articulate complex technical concepts to both technical and non-technical audiences
Self-motivated, detail-oriented, and capable of managing multiple projects simultaneously in a fast-paced environment
Proven ability to work effectively in a team-oriented environment and manage stakeholder interactions
Master’s or PhD in a quantitative discipline (e.g. Financial Engineering, Mathematics, Physics, Computer Science or a related field) is highly preferred. A Bachelor's degree with exceptional relevant experience will also be considered

Job Responsibility

Develops, enhances, and validates quantitative models and methodologies, specifically for measuring and analyzing market risk in FX Options, including exotic products. This encompasses model development, independent validation and ongoing performance evaluation
Manages model risk across the model life-cycle, including model validation, ongoing performance evaluation and annual model reviews for FX Options models
Produces advanced analytics and reporting to support risk management for Citi’s FX Options operations
Translates complex business requirements and intricate financial concepts into robust programming and data criteria, conducting thorough system and operational research to model expected results
Develops and enhances high-performance analytic engines for FX Options product lines, primarily utilizing C++
Communicates complex quantitative model results and validation findings to diverse audiences, including senior management
Conducts thorough analysis and prepares detailed technical documentation for model validation, adhering to regulatory guidelines and industry best practices
Provides effective challenge to model assumptions, mathematical formulation, and implementation, specifically in the context of FX Options and interest rate products
Assesses and quantifies model risk due to model limitations, informing stakeholders of their risk profile and contributing to the development of limitation actions
Participates in cross-functional initiatives aimed at solving complex business problems related to quantitative finance

What we offer

Generous holiday allowance starting at 27 days plus bank holidays
increasing with tenure
A discretional annual performance related bonus
Private medical insurance packages to suit your personal circumstances
Employee Assistance Program
Pension Plan
Paid Parental Leave
Special discounts for employees, family, and friends
Access to an array of learning and development resources

Fulltime

Python Developer - FX Options Data Engineer

The FX Options Pricing and Market Data distribution team is going through signif...

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Strong knowledge and experience of Python development
Experience implementing front office systems for Quants and Trading
Proficiency with Python frameworks such as FastAPI, Flask etc for building scalable applications
Experience with Python libraries for financial applications (NumPy, Pandas, asyncio)
Hands-on practical experience delivering system design, application development, testing, and operational stability, particularly in Linux based cloud environments
Openshift/Kubernetes experience with containerized Python applications
Caching technologies e.g. Redis, Memcached or others
Middleware technologies: Kafka, RabbitMQ, Solace, or other message brokers
Experience with Python package management and dependency management (pip, uv, conda)
Awareness of industry trends and leveraging new technologies as appropriate

Job Responsibility

Contribute to the design and development of the electronic FX Options Data Platform
Building out reliable and fast data pipelines for quantitative analysis and trading
Design, build and support our data analytic infrastructure
Collaborate with a global team of developers, quants and traders to translate business requirements into robust technical solutions
Drive the design and development of system architecture, work with users of the system, and enhance the quality of deliverables
Contribute to the continuous improvement of development, deployment and testing processes
Share your knowledge and mentor other developers, fostering a collaborative and innovative team environment

Fulltime

Rates Options & Exotics Desk Quantitative Analyst

To provide quantitative and analytical expertise to support trading strategies, ...

Location

Singapore , Singapore

Salary:

Not provided

Nicoll Curtin

Expiration Date

Until further notice

Requirements

Master's degree or higher in Mathematics, Statistics, Engineering, Quantitative Finance, or another quantitative field
6+ years of experience in a top-tier global financial services firm with relevant experience in options and exotics modelling in a front office context
Have covered one or more of these areas: IR Exotics / Credit-IR Hybrids / FX-IR Hybrids / Equity-IR Hybrids
3+ years In-depth C/C++ knowledge
3+ years In-depth Python knowledge
Experience developing in a large, shared pricing library with multiple developers
Experience testing models, preparing technical documentation, and explaining technical concepts to non-technical users

Job Responsibility

Development and implementation of quantitative models and strategies to derive insight into market trends and optimize trading decisions, pricing, and risk management across various financial products and markets
Working closely with sales teams to identify clients' needs and develop customized solutions
In-depth research, data analysis, and statistical modelling to derive insights into market trends, pricing, and risk dynamics
Provide front office infrastructure support though ownership and maintenance of analytical libraries
Provision of expertise on quantitative methodologies, technological advancements, and industry best practices to drive innovation within the trading environment
Join us as key member of the QA team to develop pricing and risk management models and analytics for the Rates Options & Exotics business and provide quantitative analysis and advice regarding the usage of our models
Work with IT on rolling out our pricing and risk management models into strategic platforms
Develop tooling for structurers/traders to perform data analysis, back testing, relative value, and index strategy analysis
Support business (Trading desk and their control functions) in their daily activities and processes, develop the mathematical and financial foundation for new models and methodologies in C++ and Python in Quantitative Analytics Libraries
Develop tests, estimation and calibration procedures for the models and methodologies and write documentation for the models and methodologies including the estimation and calibration procedures

Fulltime

Vice President - Rates Options & Exotics Desk Quantitative Analyst

Join us as key member of the Barclays QA team to develop pricing and risk manage...

Location

Singapore , Singapore

Salary:

Not provided

Barclays

Expiration Date

Until further notice

Requirements

Essential Skills/Basic Qualifications: Master's degree or higher in Mathematics, Statistics, Engineering, Quantitative Finance, or another quantitative field
6+ years of experience in a top-tier global financial services firm with relevant experience in options and exotics modelling in a front office context
Have covered one or more of these areas: IR Exotics / Credit-IR Hybrids / FX-IR Hybrids / Equity-IR Hybrids
3+ years In-depth C/C++ knowledge
3+ years In-depth Python knowledge
Experience developing in a large, shared pricing library with multiple developers
Experience testing models, preparing technical documentation, and explaining technical concepts to non-technical users
Desirable skills/Preferred Qualifications: Knowledge of additional languages such as VBA, C#, Haskell, etc.
Quantitative Investment Strategies on rates and rates options underlyings

Job Responsibility

Develop pricing and risk management models and analytics for the Rates Options & Exotics business
Provide quantitative analysis and advice regarding the usage of our models
Work with IT on rolling out pricing and risk management models into strategic platforms
Develop tooling for structurers/traders to perform data analysis, back testing, relative value, and index strategy analysis
Support business (Trading desk and their control functions) in their daily activities and processes
Develop the mathematical and financial foundation for new models and methodologies in C++ and Python in Barclays' Quantitative Analytics Libraries
Develop tests, estimation and calibration procedures for the models and methodologies
Write documentation for the models and methodologies including the estimation and calibration procedures

Fulltime

Fx Core Products Emea Trade Services And Risk Product Manager - Vp

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Strong experience in a product management or business analysis role, focused on designing and delivering solutions
Experience working in the financial services industry
Proven experience managing across multi-functional and/or global business environments
Direct experience in end-to-end project delivery, with a preference for product development
Proven track record of successfully launching new products and managing product lifecycles
Experience in identifying, negotiating, and managing strategic partnerships, ideally with FinTechs or technology providers
Solid understanding of FX markets, risk management, trading mechanisms, and the regulatory landscape
In-depth knowledge of FX workflow, from client-side booking to back-office deal flow
Knowledge of FX Options and Trading Risk Management
Understanding of direct dealing and passive execution related to FX Payments

Job Responsibility

Drive the standardization of business processes globally to enhance efficiency, reduce costs, and improve controls
Provide a global perspective in all discussions, ensuring optimal solutions for the business and collaborating across various horizontals and verticals
Engage directly with sales and traders to understand their vision, industry trends, and integrate these insights into product and solution strategies
Manage solutions spanning diverse areas such as workflows, trade processing, risk, eCommerce, and back-office operations
Effectively prioritize business needs and challenge the status quo regarding processes, solutions, and structures
Oversee product initiatives across a broad range of countries 30+ in EMEA, 65+ globally), each with unique legal, compliance, and business requirements
Collaborate with senior business leaders, a global user community, and technical specialists to define and implement solutions that meet business requirements
Develop clear and specific project plans, along with comprehensive business requirements documents
Secure buy-in from all project stakeholders, set accurate expectations for deliverables and timelines, and ensure commitments are met
Identify and manage upstream and downstream project dependencies, ensuring necessary resources and commitments

Fulltime

G10/ Lm Fx Linear / Stirt Trader, Vp/ Director

The FX Trader will be responsible for executing foreign exchange trades, managin...

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Bachelor's degree in Finance, Economics, Mathematics, Statistics, Computer Science, or a related quantitative field
Master's degree or CFA designation is a plus
Required licensing and registrations as applicable preferred
Minimum of [X] years of experience in FX trading, preferably at a major financial institution or hedge fund
Demonstrated experience in managing a trading book and generating consistent profits
Proficiency in various FX products, including spot, forwards, swaps, and options
3-5 years of experience in a related role
Knowledge of respective products and clients
Required licensing and registrations as applicable
Advanced analytical and numerical competency

Job Responsibility

Trade Execution: Execute foreign exchange spot, forward, swap, and option trades efficiently and accurately on behalf of the firm and its clients
Market Analysis: Continuously monitor global economic indicators, geopolitical events, and market trends to identify trading opportunities and anticipate market movements
Risk Management: Manage proprietary trading positions within established risk limits, utilizing various hedging strategies to mitigate potential losses
P&L Responsibility: Contribute to the profitability of the FX desk by generating trading revenue and managing costs effectively
Strategy Development: Develop and implement effective trading strategies and models, adapting to changing market conditions and regulatory environments
Liquidity Provision: Act as a market maker, providing competitive quotes and liquidity to clients and internal desks
Client Interaction: Collaborate with sales and relationship management teams to service client needs, provide market insights, and assist in developing client relationships
Compliance: Ensure all trading activities adhere to internal policies, industry regulations, and legal requirements
Technology Utilization: Leverage advanced trading platforms, algorithms, and analytical tools to enhance trading performance and efficiency
Reporting: Prepare and present trading reports, performance analysis, and market commentaries to senior management

Fulltime

FX Structurer - Director

Location

United Kingdom , London

Salary:

Not provided

Citi

Expiration Date

Until further notice

Requirements

Master's Degree or equivalent in a quantitative field such as Finance, Mathematics, Science, or Engineering is highly preferred
Fluent in English
additional languages are a significant advantage
Extensive experience (7+ years) in FX risk management, structuring, and solutions within a financial institution, with a proven track record of driving commercialization
Demonstrated success in client-facing roles, with a strong ability to originate new business, cultivate relationships, and provide value-added services that lead to tangible revenue outcomes
Entrepreneurial mindset with a strong drive for targeted business origination, coupled with exceptional interpersonal and communication skills
Profound experience in building sophisticated financial models, with a focus on leveraging data to generate unique, bespoke client and market insights
Expert-level knowledge of FX Option pricing, derivative mechanics, and complex financial instruments
Demonstrated mastery of advanced financial modeling and quantitative analysis
Strong programming skills (e.g., Python, VBA) with proven experience applying them to financial analysis, tool development, or process automation

Job Responsibility

Product Design & Pricing: Lead the design, pricing, and development of innovative and bespoke financial products, with a focus on FX and derivatives, to meet the specific needs of institutional and corporate clients
Quantitative Analysis: Conduct in-depth quantitative analysis, including payoff risk and P&L impact scenarios, customized back-testing, and complex portfolio analysis to validate and support proposed solutions
Financial Modeling: Develop, maintain, and enhance sophisticated financial models to analyze client exposures, quantify risk, and demonstrate the efficacy of hedging and investment strategies
Technical Partnership: Act as a key technical partner to client-facing teams (Sales, Banking), providing deep product expertise and analytical support throughout the client lifecycle, from initial analysis to execution
Product Innovation: Drive the development of new products and payoffs, from conceptualization and feasibility analysis through to the creation of marketing materials and go-to-market strategies, contributing directly to revenue recognition and improving go-to-market strategies for new ideas
Targeted Origination: Lead targeted origination efforts by deeply understanding and analyzing clients’ FX exposures, leveraging data and AI for opportunity identification and replication, to provide optimal solutions in coordination with FX Sales and banking partners
Client Engagement & Market Expansion: Maintain and expand effective coverage of clients in allocated countries, including extensive travel to meet clients, organize, and speak at multi-client seminars, actively working towards share of wallet goals
Holistic Solutioning: Apply a deep understanding of accounting principles, financial statements, and regulatory frameworks (e.g., Basel III, RWA, CVA) to structure holistic and efficient client solutions
Process Enhancement: Contribute to the continuous improvement of the structuring function by developing advanced tools, automating analytical processes, and mentoring junior team members
Collaboration & Upskilling: Engage strategically with key business partners in sales and banking, promoting upskilling through advanced product training and providing relevant thematic content that elevates client knowledge

Fulltime

Senior Quant Developer Equities/FX

Join Barclays as a Senior Quant Developer Equities/FX, where you'll shape the fu...

Location

Czechia , Prague

Salary:

Not provided

Barclays

Expiration Date

Until further notice

Requirements

Strong knowledge of mathematical finance and derivative pricing models, ideally with applications in model development in Equities or FX and industry standards model e.g. Local Volatility, Stochastic Volatility, Local Stochastic Volatility, Correlation Skew, Basket Options
Good understanding of optimization and numerical methods for the implementation of derivatives pricing models: Monte-Carlo, techniques for variance reduction in Monte-Carlo, numerical integration methods, numerical methods for partial differential equations
Strong Python 3+ pandas, numpy and matplotlib skills

Job Responsibility

Design, development, and maintenance of high-performance trading platforms, risk systems, and applications catering to the needs of traders and market participants
Collaboration with traders, strategists, and stakeholders to gather requirements and translate them into scalable and efficient technological solutions
Implementation of new features, enhancements, and functionalities on trading platforms to improve performance, reliability, and user experience
Stay updated on technological advancements, industry trends, and best practices to drive innovation and continuous improvement in trading platforms
Collaboration with cross-functional teams including business aligned SM&D teams, strats, compliance, and IT to address system issues and implement solutions

Fulltime

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Fx Options Quantitative Developer

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