Global Banking & Markets, Credit Exotic Desk Strats, Associate, London

MORE ABOUT THIS JOB

Your Impact

As a Desk Strat on the Credit desk, you will partner directly with the firm's Credit Exotics, Macro Credit, and Credit Financing (TRS) as well as IG/HY/Distressed trading desks. You will design and build pricing and risk models for bonds as well as exotic credit derivatives and total return swaps, develop scalable risk and scenario systems, and work with traders and sales to price and risk-manage client solutions across flow, structured and funded credit.

Our Impact

Quantitative strategists are at the cutting edge of our business, solving real-world problems through a variety of analytical methods. Working in close collaboration with traders and salespeople, their invaluable quantitative perspectives on complex financial and technical challenges power our business decisions.

RESPONSIBILITIES AND QUALIFICATIONS

Responsibilities

• Build and maintain pricing and risk models for credit derivatives and bonds, including single-name CDS, CDS indices, index tranches, CLNs, repacks and total return swaps on bonds, loans and indices.
• Develop and calibrate credit models, including hazard-rate, correlation, and volatility modelling.
• Working directly with sales, structuring and traders on strategies to navigate rapidly changing market and risk conditions and contribute to structured credit transactions.
• Develop robust, scalable pricing libraries and risk systems for derivatives, including trade booking, end-of-day risk, P&L explain and model validation support.

Who We Look For

An ideal candidate would have strong quantitative and technical problem solving skills, drive to investigate and learn new ideas, attention to detail and good judgement to deliver quick yet robust solutions. 

Basic Qualifications

• MS or PhD in a quantitative field - Applied Mathematics, Physics, Engineering, Computer Science.
• Meaningful experience in coding in an object oriented programming language
• Excellent written and verbal communication skills.
• Ability to work in a dynamic and fast-paced environment and deliver accurate results quickly.
• Ability to solve problems and to explain underlying ideal
• For candidates entering at VP level relevant experience in the financial industry