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Quantitative Analyst - Model Validation
Salary not available. View on company website.
Lloyd's, Leeds
- Onsite working
- Full time
- Permanent
Posted today, 24 May
Job ref: b913c754ac9340bf90d0d582482ff4ed
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
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop. We keep your data safe. So, we'll only ever ask you to provide confidential or sensitive information once you have formally been invited along to an interview or accepted a verbal offer to join us which is when we run our background checks. We'll always explain what we need and why, with any request coming from a trusted Lloyds Banking Group person. We're focused on creating a values-led culture and are committed to building a workforce which reflects the diversity of the customers and communities we serve. Together we're building a truly inclusive workplace where all of our colleagues have the opportunity to make a real difference.
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 :
- 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.