Model Validation Quant Assistant Manager

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Model Validation Quant Assistant Manager

Apply locations London time type Full time posted on Posted 2 Days Ago time left to apply End Date: March 2, 2025 (13 days left to apply) job requisition id 123631

End Date: Saturday 01 March 2025

Salary Range: £61,263 - £68,070

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Flexible Working Options: Hybrid Working, Job Share

Job Description Summary

JOB TITLE: Model Validation Quant Assistant Manager
LOCATIONS: London
HOURS: Full Time

About this opportunity:

An excellent opportunity for a highly motivated applicant to join the Model Risk Office 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'll join the Pricing Models & Methodologies, Counterparty Risk, and Gen AI Analytics (PMCG) team, which covers valuation models for Lloyds Banking Group. The team is responsible for the independent review and analysis of the derivative pricing models used for valuation and risk.

You'll 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.

You'll also provide qualitative analysis and stress testing of pricing models used for pricing and/or risk calculation.

Other responsibilities include:

• To produce periodic reviews for pricing and counterparty credit models
• Undertake algorithmic trading validation work to be compliant with MiFID regulation
• Undertake trade surveillance validation work to be compliant with FCA regulation

What you'll need:

To be considered, it is essential that you 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 demonstrated commercial experience in a quantitative role).

It is also desirable that you have experience of working in a Model Validation or Front Office Quant role.

In addition, knowledge and experience of the following would be beneficial:

• Strong analytical skills
• Programming experience in C++ and/or Python including library architecture design
• Excellent written and oral communication skills with an ability to communicate quantitative models in a clear and concise manner
• Theoretical understanding and familiarity with derivative pricing models, stochastic calculus, partial differential equations, and Monte Carlo simulation
• Ability to work independently to deadlines and under time pressure

About working for us:

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're committed to creating a consciously inclusive workplace where our colleagues can be themselves, thrive and perform at their best.

We also provide adjustments that are reasonable throughout the recruitment process to reduce or remove barriers for applicants with a disability, long-term health condition, or neurodivergent condition. If you'd like an adjustment to the recruitment process just let us know.

If you're excited by the thought of becoming part of our team, get in touch.

We'd love to hear from you.