Assistant Manager, Model Validation Quant (Finance)

TL;DR

Assistant Manager, Model Validation Quant (Finance): Providing independent review and challenge of derivatives pricing models and AI technology with an accent on theoretical assessments and benchmarking. Focus on developing internal tools and performing stress tests to ensure rigorous valuation and risk management standards.

Location: Hybrid in London, United Kingdom

Salary: £65,304 - £72,560

Company

hirify.global is a major financial institution transforming its data and technology to serve 28 million customers.

What you will do

• Deliver in-depth theoretical assessments of pricing models across various asset classes.
• Independently benchmark Front Office pricing models using C++ and Python.
• Perform qualitative analyses and stress tests to measure model performance.
• Compile comprehensive validation reports detailing findings and recommendations.
• Develop, enhance, and maintain internal tools to streamline the model validation process.

Requirements

• Master’s degree or higher in a quantitative discipline (e.g., Mathematics, Physics, Quantitative Finance).
• Solid theoretical understanding of derivative pricing models, stochastic calculus, PDEs, and Monte Carlo methods.
• Excellent problem-solving and time management skills.
• Strong written and verbal communication skills to articulate complex mathematical concepts.
• Ability to work independently and meet deadlines under time pressure.

Nice to have

• Prior experience in Model Validation or Front Office Quant roles.
• Programming experience in C++ and/or Python, including library architecture design.
• Strong understanding of financial derivatives and risk modelling.
• Familiarity with regulatory expectations related to model risk.

Culture & Benefits

• Generous pension contribution of up to 15%.
• Annual performance-related bonus and share schemes.
• 28 days’ holiday plus bank holidays.
• Hybrid working options and flexibility in office attendance.
• Comprehensive wellbeing initiatives and generous parental leave policies.