AVP - Rates Quant - BFS - IIT/NIT/BITS

AVP Rates Quant

Required:

- Strong into Mathematics/statistics/Financial engineering.

- Need experience in Pricing model, Derivative Pricing model validation etc.

- Strong into derivatives

- C++ experience is must have.

- Btech - Tier 1(IIT, NIT, BITs or premium engineering or Masters in Mathematics, Computers, Economics etc.

Job Description - Global Markets front office, Rates Quant

Description:

Business: Global Banking and Markets FO

Open positions: 1

Role Title: Global Markets front office, Rates Quant

Global Career Band: 5

Location (Country/city)- Bangalore

The Opportunity:

Role is within the FICC Quant Analytics domain with the Rates Desk:

- Candidate will be expected to work on rates quants tasks within the front office rates quants team

- In the beginning the candidate would be expected to remediate findings issued by the model validation team which may involve making changes to the pricing library, methodology, documentation or extensive analysis.

- Candidate would be expected to gain exposure to the pricing library in the first few months and then be able to take ownership of certain models and certain components of the library

- Candidate will need to get a deep understanding of the pricing library for fixed income and be able to handle questions and queries related to the models. Candidate would also be expected to help the junior quants on many methodology questions

- Candidate will need to apply advanced mathematical and technical concepts (C++, Python) to be able to support the request from stakeholders related to rates model governance.

Requirements:

- Prior experience of 5-7 years of working as a front office quant or as a model validation quant (preferable on rates or credit) is required.

- Strong mathematical skills and background (preferably PhD or Masters in sciences or engineering or financial mathematics from premier colleges)

- Prior experience of coding in C++ or Java is desirable but not mandatory. Candidate would be expected to work on functional programming in C++ and Python.

- Good team player

What you'll do:

- Principal Accountabilities: Key activities and decision making areas

- Impact on the Business/Function

- Work within the FICC Quantitative Analytics team on

- Support resolution of problems

- Support development of models

- Respond to Ad-Hoc model requests

Typical Targets and Measures:

- Ensure delivery of tasks as per the pre-defined timelines

- Evidence of effective support for problems / requests

- Timely completion of reports

Customers / Stakeholders:

- Key resources in FI Analytics team in Bangalore

- GBM Service Centre management in Bangalore

- Global Quant team and FI management in London

- Internal Collaboration - Develops close and effective working relationships within respective Functions /Businesses

- As part of the team to develop a good relationship with the London team, to ensure communication lines are fluid.

Typical Targets and Measures:

- Feedback from team members

- Ensure stakeholder satisfaction through timely delivery of quality work

- Feedback from resources in London

- Timely completion of development

Leadership & Teamwork:

- Work to ensure seamless communication and teamwork

- Focuses on driving results, even under pressure, through personal drive, perseverance, encourage collaboration and create clarity

- Work within a team, under the direction of Lead Analysts

Typical Targets and Measures:

- Good feedback from team members

- Effective collaboration and communication within the team

- Evidence of working effectively

Operational Effectiveness & Control:

- Develops the infrastructure and capabilities needed to enable operational effectiveness and the delivery of the desired results and ensures that decision making is delegated to the most appropriate people

- Offer solutions to problems, supporting with the continuing development, implementation and improvement of the processes, structures, capabilities, capacity and infrastructure needed

Typical Targets and Measures:

- Infrastructure and capabilities have measurable impact on operational effectiveness

- Adequately work on projects and initiatives leading to proven process or functionality improvement

- Major Challenges (The challenges inherent in the role that require a continual test of the role holder's abilities)

- First wave of offshoring of Markets Front Office roles so strong support and guidance will be required for the business

- A rapidly changing regulatory environment with extensive impacts on the Markets businesses

- A high risk and sensitive set of functions potentially to be offshored so it is critical there is no negative business or client impact

- Increasing focus on business continuity delivery

- Availability of appropriate resources and conflicting priorities across the business

Management of Risk (Operational Risk / FIM requirements):

- The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators

- The jobholder will adhere to all relevant processes/procedures.

- Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimizing relations with regulators.

- Understands, follows and demonstrates compliance with all relevant internal and external rules, regulations and procedures that apply to the conduct of the business in which the jobholder is involved, specifically Internal Controls and any Compliance policy including, inter alia, the Group Compliance policy.

Qualifications:

What you will need to succeed in the role:

- Understandin of financial mathematics and front office pricing models (rates asset class a big plus)

- Good mathematical skills (Linear Algebra, Convex optimization, stochastic calculus, multivariate calculus)

- Good communication skills

- Candidate must have a basic understanding of OOPS concept which he/she is expected to apply in Python and C++.