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Senior Quantitative Engineer - Exotic Derivatives

https://www.randstad.com Logo

Randstad

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Location:
United Kingdom , City of London

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Contract Type:
Not provided

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Salary:

700.00 - 810.00 GBP / Day

Job Description:

My global financial service company is looking for an experienced Quantitative Engineer specialising in exotic Derivatives to join their team in London on a contract basis. This role is for a hands-on quant engineer with 15+ years of demonstrable experience independently designing, implementing, and delivering production-grade pricing and risk models for exotic derivatives across Equity, Rates, FX, and Commodities. This is not a managerial or advisory role. The expectation is deep hands-on ownership: modelling, numerical implementation, performance optimisation, and direct contribution to live analytics and trading systems. The role is a 12 months initial contract and offers hybrid working with 2 / 3 days a week expected to be worked from Canary Wharf (London) and the remainder to be worked remotely.

Job Responsibility:

  • Independently design, implement, and validate pricing and risk models for complex and exotic OTC derivatives
  • Own models end-to-end: mathematical formulation → numerical method → code → calibration → production rollout
  • Build and evolve core analytics libraries used for valuation, sensitivities, scenarios, and XVA
  • Implement advanced numerical techniques: Monte Carlo methods (including variance reduction)
  • Tree / lattice methods
  • PDE approaches
  • Curve construction, interpolation, and bootstrapping
  • Work directly with real-world market data, calibrations, fixings, and conventions across asset classes
  • Deliver high-performance, low-latency implementations suitable for large books and intraday risk
  • Review, debug, and improve existing quantitative codebases with a focus on correctness, stability, and scalability
  • Act as a technical authority, setting engineering standards for analytics quality and implementation rigor
  • Partner with product and stakeholders to ensure models reflect real market behaviour, not academic simplifications

Requirements:

  • 15+ years of hands-on experience as a quantitative developer / quant engineer (not only modelling or only engineering)
  • Advanced degree (Master's or PhD preferred) in Mathematics, Physics, Engineering, or Computer Science, or equivalent demonstrable commercial experience at senior level
  • Expected to operate as a true senior IC, delivering tangible outcomes quickly
  • Requires strong autonomy, accountability, and minimal hand-holding
  • Proven experience independently building pricing and risk models that have run in production
  • Deep experience with exotic derivatives across Equity, Rates, FX, and/or Commodities
  • Strong understanding of front-to-back derivative lifecycle, not just valuation
  • Track record of personally authored quantitative components, such as: Pricing libraries, Risk engines, Exotic payoff models, Calibration frameworks
  • Ability to explain and defend modelling choices under scrutiny from trading, risk, or clients
  • You should be able to clearly articulate what you personally built, why it was implemented that way, and how it behaved in production
  • Strong production experience in Java, C++, and/or Python (numerically intensive code, not scripting only)
  • Advanced numerical computing and algorithm design
  • Solid understanding of performance optimisation and memory management
  • Experience working with shared analytics services and distributed systems
  • Comfortable working with imperfect data, legacy systems, and real-world constraints

Additional Information:

Job Posted:
May 20, 2026

Expiration:
June 04, 2026

Work Type:
Hybrid work
Job Link Share:
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