Quant Analyst - Equities

£850–£950 per day, Inside IR35

Initial 6 months

5 days on site in London

Description

We are looking for a Quantitative Analyst to join a front-office equities team, focusing on the development and enhancement of quantitative models used for pricing, risk management, and trading of equity derivatives.

Key Responsibilities

• Develop, calibrate, and maintain models for equity volatility surface construction and modelling.
• Support pricing, risk, and hedging of equity derivative products.
• Conduct quantitative research into volatility dynamics and model behaviour.
• Partner closely with traders, structurers, risk managers, and technology teams.
• Improve model performance, calibration methodologies, and analytics frameworks.
• Contribute to the implementation of quantitative libraries and production tools.

Required Experience

• Proven experience as a Quantitative Analyst within an investment bank, hedge fund, asset manager, or similar quantitative environment.
• Strong hands-on experience with equity volatility surface modelling.
• Deep understanding of equity derivatives, volatility modelling, and quantitative finance.
• Strong mathematical and statistical background.
• Proficiency in Python and/or C++.
• Ability to communicate complex quantitative concepts to both technical and non-technical stakeholders.

Preferred Qualifications

• Advanced degree in Mathematics, Physics, Statistics, Engineering, Computer Science, or a related quantitative discipline.
• Experience with local volatility, stochastic volatility, or stochastic local volatility models.
• Knowledge of numerical methods and model calibration techniques.
• Exposure to front-office trading environments.