ICAP
Quant Analyst – 6 months Fixed Term Contract
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The TP ICAP Group
A world-leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions. The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award-winning all-to-all trading platform. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries. We are 5,200 people strong. We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.
Role Overview
This is a newly created Quant Analyst opportunity based in our London office, where we are seeking a driven graduate to support the Global Broking Alpha/Beta initiative, building a model that correlates market benchmarks and indicators to desk-level revenue performance to identify the drivers behind revenue changes. As a Quant analyst, you will combine strong mathematical and statistical capability with programming expertise and an understanding of financial products and market behavior.
Role Responsibilities
- Gather, clean, and structure historic data sets across asset classes (Rates, FX, Credit, Equities).
- Perform statistical analysis on large and complex datasets to identify trends, relationships, and model inputs.
- Conduct correlation and regression analysis to assess the relationship between desk revenues and market conditions and internally driven factors.
- Source and integrate external market data including major indices, macro indicators, and published market volumes.
- Validate model performance through back-testing, stress testing, and sensitivity analysis.
- Document model assumptions, methodologies, limitations, and controls in line with governance requirements.
- Monitor model performance and recommend enhancements in response to market developments and business needs.
- Present findings and quantitative insights clearly to both technical and non-technical stakeholders.
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Experience / Competences
Essential
- Proven ability with quantitative analysis, performance attribution, correlation modelling, or quantitative research.
- Strong knowledge of statistics, time series analysis, and regression methods.
- Good understanding of financial markets, market microstructure, and financial instruments, including derivatives where relevant.
- Strong programming skills in Python or similar quantitative languages.
- Experience working with large datasets and analytical libraries.
- Ability to translate complex quantitative outputs into clear commercial recommendations.
- Strong problem-solving skills, attention to detail, and effective stakeholder management.
Desired
- Experience sourcing and working with financial market data (e.g., Bloomberg, Refinitiv/LSEG, or equivalent).
Band and level
Professional, 4
#LI-ENT
#LI-Hybrid
Not The Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organization. Our dedicated Talent Acquisition team is here to assist you in recognizing how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Company Statement
We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready, and willing to contribute. TP ICAP Accord - our Employee Network - is central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, share best practice, and hold our firm to account for driving continuous cultural improvement.
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Location
UK - 135 Bishopsgate - London
Connecting clients, communities, and colleagues for sustainable growth
TP ICAP connects people, platforms, ideas, and insight across the world’s financial, energy, and commodities markets. As a global leader in market infrastructure and data-led solutions, we enhance market access, increase efficiencies, and unlock possibilities.
Work with us
Joining TP ICAP puts you at the heart of markets that matter. You’ll have the freedom to innovate and act on your initiative. We’ll train you and build your abilities in your specialist area, so that you can become an expert in your field. And all within a connected network that’s there to set you up for success.
More about us
TP ICAP Group is a collection of premium brands each with a distinct, client-focused offering. Underpinning and connecting these client-facing brands is the financial security, operational strength, and know-how we have as a Group. Connections are at the heart of what we do. We combine our people’s know-how with the latest technology to improve price discovery, trade execution, and liquidity flow. Connections create strength. Through them, we help our clients to manage risk, realize investment strategies, and expand the scope for growth. And connections act as a catalyst. Sparking richer solutions for our clients to break new ground, modernizing markets for future performance, and creating dynamic careers for our people. Our capacity to connect builds trust, supports communities, and gives us the power to anticipate and respond to change, whatever direction the world takes. It’s what makes TP ICAP a mainstay in the global markets, now and in the future. TP ICAP. We connect.
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