VirtueTech Recruitment Group
Quantitative Analyst / Developer (Credit Risk / Counterparty Risk) | Global Commodities Brokerage | £850/Day Inside IR35 | Hybrid (London)
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Quantitative Analyst / Developer (Credit Risk / Counterparty Risk) | Global Commodities Brokerage | £850/Day Inside IR35 | Hybrid (London)
A Senior Quantitative Analyst / Quant Developer with deep experience across Credit Risk, Counterparty Risk, and Quantitative Model Validation is required by a leading Global Commodities Brokerage to play a key role in a major enterprise-wide risk transformation programme.
This is a unique opportunity to join a high-profile initiative focused on modernising the firm's strategic risk platform. Working closely with senior quantitative and risk leadership, you'll be responsible for validating, calibrating, and assessing quantitative risk models that underpin both Front Office and Middle Office risk management.
This is not a traditional Quant Developer role. Instead, we're looking for someone who combines the strengths of a Quant Analyst, Quant Validator, and Quant Developer—someone capable of researching quantitative methodologies, validating models, and understanding how they should be configured and implemented within a strategic enterprise risk platform.
You'll be working across a broad range of risk disciplines including Counterparty Credit Risk, PFE, VaR, Stress Testing, and XVA, helping to ensure quantitative models are robust, appropriately calibrated, and fit for purpose across complex trading portfolios.
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Key Responsibilities:
- Validate, calibrate, and assess quantitative risk models within the firm's strategic risk platform
- Research and analyse methodologies for Counterparty Credit Risk and PFE calculations
- Perform model validation, testing, and stress testing across complex trading portfolios
- Work closely with Quantitative Research, Risk, Technology, and Business teams to ensure robust model implementation
- Review calibration methodologies, model assumptions, and parameter selection
- Support the firm's strategic risk transformation programme
- Contribute towards the implementation of a unified risk management platform spanning both Front Office and Middle Office
Experience Required:
- 7-8+ years' experience within Quantitative Analytics, Quant Development, or Quant Validation
- Strong experience across Credit Risk and Counterparty Risk (essential)
- Hands-on experience with PFE (Potential Future Exposure) modelling
- Strong understanding of Monte Carlo simulation and multi-factor models
- Experience with model calibration, validation, and quantitative testing
- Knowledge of VaR, Stress Testing, and broader Market Risk methodologies
- Experience within an Investment Bank, Commodities Trading House, Hedge Fund, or Financial Institution
- Commodities exposure (Oil, Gas, Power, LNG, Metals, or Energy) is highly desirable, although candidates from Rates or FX with deep Credit Risk expertise will also be considered
- Understanding of CVA/XVA and Counterparty Risk pricing methodologies is advantageous
- Python experience is highly beneficial, with C++ also considered valuable
- Experience with Numerix is highly advantageous, although not essential
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Offer:
- £850/Day Inside IR35
- Long-term transformation programme with significant business visibility
- Hybrid working (London)
- Opportunity to work alongside senior quantitative leaders on one of the firm's largest strategic risk initiatives
- High-impact role with exposure across Front Office and Enterprise Risk
Interview Process:
- Two-stage interview process
- First stage with senior Quantitative Risk leadership
- Final stage with senior stakeholders and HR
If you're an experienced Quant with strong Credit Risk expertise looking to work on a strategic quantitative risk transformation programme, please send your latest CV to sam@virtuetech.io or apply directly to this advert.
Quantitative Analyst / Developer (Credit Risk / Counterparty Risk) | Global Commodities Brokerage | £850/Day Inside IR35 | Hybrid (London)
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