Quantitative Trading & Research – Rates Quantitative Trader – Analyst or Associate

Quantitative Trading & Research Analyst/Associate (Rates)

We are seeking driven individuals to join our Quantitative Trading & Research group to help design cutting-edge quantitative models that power our trading systems. The business spans systematic trading across FX, Rates, Commodities, and Credit markets, overseeing the design and implementation of proprietary quantitative models for automated trading systems (pricing, risk management, and execution), alongside the oversight of day-to-day risk, operations, and data-driven optimization of client liquidity offerings.

As an Analyst or Associate focusing on the Interest Rate Swap market, you will be expected to be responsible, independent, and collaborative. This role operates in a fast-paced, global environment requiring clear written and verbal communication. Team members will cover a wide scope ranging from trading and quantitative research to technology, and some on-call availability will be required.

Job Responsibilities

• Design, build, and operate production components of our systematic swaps trading stack (pricing, risk projection, hedging, and execution), managing the process from initial design through deployment, monitoring, and incident resolution.
• Build the necessary research and data infrastructure, including capabilities for backtesting, simulation, signal and feature pipelines, and reproducible analysis over large historical datasets.
• Transition models and strategies from prototype to production, ensuring they are thoroughly tested, actively monitored, live, and consistent with observed research behavior.
• Analyze trading data to identify patterns, inefficiencies, and revenue opportunities, translating these insights into measurable improvements in pricing, hedging, and execution.
• Research, backtest, and calibrate enhancements to our quantitative models and trading strategies.
• Contribute to expanding the team's shared libraries of modeling, analytics, and automation tools.
• Provide daily support to the live trading system, investigating issues and improving monitoring and controls to prevent recurrence.

Required Qualifications and Skills

• Degree in Computer Science, Mathematics, Physics, Engineering, or another quantitative field.
• Relevant full-time experience in systematic trading, software engineering, quantitative development, or a comparable technical role.
• Strong programming ability in a production object-oriented language such as Java or C++, coupled with proficiency in Python for research and data analysis.
• Demonstrated experience owning software end-to-end, covering design, testing, deployment, and operation in a live environment.
• Knowledge of probability and statistics, along with experience applying advanced data analysis techniques.
• Attention to detail, adaptability, drive, and a highly collaborative work style.
• A genuine interest in financial markets and quantitative trading.

Preferred Qualifications and Skills

• Prior experience within Rates markets (swaps, cash, or futures).
• Experience with electronic or automated trading systems (including market data, pricing, order management, or pre-trade risk controls).
• Experience working with large-scale datasets and/or performance-sensitive, low-latency systems.

This role encompasses the performance of UK regulated activity. The successful candidate will therefore be subject to meeting UK regulatory requirements in the assessment of fitness, propriety, knowledge, and competence (as assessed by the Firm) and (where appropriate) approval by the UK Financial Conduct Authority and/or the Prudential Regulation Authority to carry out such activities.