Quantitative Analyst (XVA)

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We are AMS. We are a global total workforce solutions firm; we enable organisations to thrive in an age of constant change by building, re-shaping, and optimising workforces. Our Contingent Workforce Solutions (CWS) is one of our service offerings; we act as an extension of our clients' recruitment team and provide professional interim and temporary resources.Our client Lloyds Banking Group is a leading UK based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. Lloyds Banking Group support a culture of Inclusion and opportunities to develop to become the Bank of the future and Helping Britain Prosper.On behalf of Lloyds Banking Group, AMS are looking for a Quantitative Analyst for a 12 Months based in London or Remote.Purpose of the Role:The vacancy is for an experienced Quantitative Analyst to join the front-office Quantitative Research team, as a contractor. The desire of the bank to utilize Murex platform for conducting business has created a need for in-depth evaluation of the Murex models for the purpose of pricing and risk management. As part of this push, the candidate will be required to work extensively on evaluating performance of the Murex models against the in-house models.

As a Quantitative Analyst you will be responsible for:Specifically, the role will require in-depth knowledge of XVA metrics and regulations, familiarity with financial market regulations, and ability to think out of the box.

What we require from the candidate:Quantitative Analysis

* Understanding of XVA metrics and the way they are calculated;

* Previous work on Basel 3 regulation;

* Experience with Monte Carlo computing ;

* Solid knowledge of rate, inflation, and FX products. Knowledge of credit and commodities products is a plus;

* Understanding of the markets in general;

* Strong analytical and numerical skills, including practical knowledge of comparing "black box" model results;

Software Development

* Strong practical software engineering, including understanding of design and architecture of quant libraries;

* Exposure to Python as a data analysis tool;

Qualification

* Post-graduate education (PhD, MSc or equivalent) in a highly quantitative subject (such as Mathematics, Finance, Physics or Engineering) or work experience that demonstrates the equivalent;

Lloyds Banking Group will only accept workers operating via an Umbrella or PAYE engagement model.

If you are interested in applying for this position and meet the criteria outlined above, please click the link to apply and we will contact you with an update in due course.AMS, a Recruitment Process Outsourcing Company, may in the delivery of some of its services be deemed to operate as an Employment Agency or an Employment Business