Quantitative Analyst – Model ValidationLocation(s): London, Bristol, or Leeds
Salary Range: £87,750 - £97,500
Working Pattern: Full-time, hybrid (at least two days per week in the office)
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.
About this opportunity: You'll join the Pricing Model Validation 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.
Responsibilities: 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.Model the annual review for pricing 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: 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 demonstrated 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.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 want our people to feel that they belong and can be their best, regardless of background, identity, or culture.
We also offer a wide-ranging benefits package, which includes: A generous pension contribution of up to 15%An annual performance-related bonusShare schemes including free sharesBenefits you can adapt to your lifestyle, such as discounted shopping30 days' holiday, with bank holidays on topA range of wellbeing initiatives and generous parental leave policiesWant to do amazing work, that's interesting and makes a difference to millions of people? Join our journey.
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