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Quantitative Analyst

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Deutsche Bank

Nov 3, 2024

Applications are closed

  • Job
    Full-time
    Senior & Expert Level
  • Data
    Banking & Finance
  • London

Requirements

  • Educated to Bachelor’s degree level or equivalent qualification/relevant work experience in a numerate subject, such as Mathematics, Financial Mathematics, Physics or Statistics, is beneficial
  • Extensive experience in a Model Validation or Front Office Quant role
  • Excellent mathematical ability with an understanding of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms
  • Deep understanding of interest Rates and FX derivative models
  • Strong interest in financial markets (especially derivative pricing) demonstrated by qualifications and/or experience
  • Experience coding in C++ in a managed codebase
  • Excellent communication skills, both written and verbal

Responsibilities

  • Reviewing and analysing derivative models for price and risk of interest Rates, and Foreign Exchange (FX) products
  • Using deep understanding of the mathematical models used, implementation methods, products traded in these markets, and the associated risks
  • Completing theoretical analysis and reviewing it (where appropriate) that model/products are independently implemented in a managed C++ library
  • Reviewing, analysing, and independently implementing will form the basis of discussion with key model stakeholders including Front Office Trading, Front Office Quants, Market Risk Managers, and Finance Controllers
  • Actively engaging with the due diligence aspects of the New Product Approval Process and having involvement in Bank-wide strategic initiatives

FAQs

What is the job title for this position?

The job title is Quantitative Analyst.

What is the corporate title associated with this role?

The corporate title is Vice President.

In which division is this role situated?

This role is situated in the Risk division.

Where is this position located?

This position is located in London.

What team will the Quantitative Analyst be part of?

The Quantitative Analyst will be part of the Model Risk and Analytics team.

What are the main responsibilities of a Quantitative Analyst in this role?

The main responsibilities include reviewing and analyzing derivative models for pricing and risk, completing theoretical analysis, engaging with stakeholders in the New Product Approval Process, and independently implementing models in a managed C++ library.

What qualifications are required for this position?

A Bachelor’s degree in a numerate subject such as Mathematics, Financial Mathematics, Physics, or Statistics is required, along with extensive experience in Model Validation or a Front Office Quant role.

What mathematical knowledge is necessary for this role?

Excellent mathematical ability with knowledge of Stochastic Calculus, Partial Differential Equations, Monte-Carlo Methods, Finite Difference Methods, and Numerical Algorithms is necessary.

Is coding experience required for this position?

Yes, experience coding in C++ within a managed codebase is required.

What kind of understanding should the candidate have regarding financial markets?

The candidate should have a deep understanding of interest rates and FX derivative models, as well as a strong interest in financial markets, particularly in derivative pricing.

What are the communication skills required?

Excellent written and verbal communication skills are required.

How does Deutsche Bank promote its workplace culture?

Deutsche Bank strives for a culture of empowerment, responsibility, commercial thinking, initiative, and collaboration, where successes are shared and celebrated among employees.

Does Deutsche Bank welcome applications from all people?

Yes, Deutsche Bank welcomes applications from all people and promotes a positive, fair, and inclusive work environment.

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Deutsche Bank

Finance
Industry
10,001+
Employees
1869
Founded Year

Mission & Purpose

At Deutsche Bank, we give original thinkers the space and support they need to shine. Merging local knowledge with global vision, in-depth insight with industry-leading digital expertise, if you’re an innovator by nature, we can help you to unleash your potential. We see things differently at Deutsche Bank – and we’re proud of our fresh perspective. Today, we’re driving growth through our strong client franchise, investing heavily in digital technologies, prioritising long-term success over short term gains, and serving society with ambition and integrity. Wherever your interests lie – in investment banking, trading, private wealth, asset management, retail banking - or many of the infrastructure functions that support them – you’ll discover resources, training and opportunities designed to keep you ahead of the curve. Intelligence has no boundaries: we welcome high-achieving, talented individuals from any background.

Benefits

  • Home office flexible work time

    We support flexible working, whether that’s working from home, flexible working hours or even part-time working. However, it is important to note that opportunities will vary depending on your particular role.

  • Annual leave & more

    Employees are entitled to generous leave allowance (details should be discussed with local recruitment teams). Additionally, paid leave is granted for special events including, wedding/civil partnerships, compassionate leave, paternity leave or when you’re caring for a sick child. On top of the statutory 36 months of parental leave (Germany), Deutsche Bank offers an extra six months of parental leave – providing you have been with us for more than three years.

  • Support & Counselling

    Whether you need professional help or personal advice: Deutsche Bank offers a comprehensive support network ranging from career advice, mental health support, assistance in finding childcare or social care for the elderly.

  • Health insurance

    You can choose between statutory or a range of private health insurance options. Our statutory health insurance ‘Betriebskrankenkasse BKK’ is available exclusively to Deutsche Bank employees and their families. Aside from shorter waiting times for appointments, BKK provides access to expert medical consultations over the phone and regular health checks.

  • Sick pay

    Beyond statutory sick pay, Deutsche Bank will also cover the difference between your net salary and the statutory sickness benefit allowance. The duration of the sick pay will be dependent on the number of years you’ve worked with us.

  • Pension

    We understand that pensions can be a dry topic; however here at Deutsche Bank, we are dedicated to simplifying the complexities, so that all of our people can enjoy their lives beyond work. To provide a great foundation for your future, we provide our people with a comprehensive pension scheme that delivers all the security and all the flexibility you need.