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Quant Model Developer - 18 Month FTC - Triton Square
September 15, 2018
London, United Kingdom
Develop your career at the heart of our business
In this role you will be part of the methodology team who are responsible for the development of risk methodologies used across the wider risk department. This role will sit within Quantitative Risk Group (QRG) and will focus on market risk and credit risk methodologies.
The team provides support to Market and Structural risk and develops models to suit their analytical needs primarily in the following areas: traded market risk, IRRBB, pension risk, structured finance.
We're passionate about helping people and businesses prosper and we strive to be simple, personal and fair in everything we do. That's why we've built a culture of respect, where everyone is empowered to keep their promises and go above-and-beyond for our customers, colleagues and the communities we serve.
As a Quant Model Developer your main responsibilities will be
Develop or support changes to valuation/pricing models including modelling cash flow for structured credit products such as CLOs, CMBS, ABS, etc.
End to end development of models including initial scope, data gathering, determining appropriate methodological solution, coding and implementation, as well as methodological documentation and supporting the internal approval process for use.
Interact with originators, methodology, and model validation during the development and the analysis of the prices and tools.
Minimum skills and experience required
Proven experience of creating models for pricing structured credit products such as CRE, CLOs, CMBS & ABS, etc.
Theoretical understanding of structured finance (i.e. securitisations / covered bonds), financial derivatives and associated pricing issues.
Knowledge of risk management methodologies (e.g. VaR, Risk Capital, Stress Testing).
Excellent coding skills in Python or similar programming language.
Knowledge of credit rating methodologies and direct involvement in regulatory capital and IFRS9 modelling would be advantageous.
Strong quantitative skills (mathematical, statistical) applied in modelling and data analysis specifically in credit/fixed income structuring.
Strong technical background, experience in the finance industry and structured credit products.
Degree level education in a quantitative field, a postgraduate qualification/PhD would be advantageous
Salary is competitive
For your commitment and success, Santander offers a competitive basic salary with a distinct career development opportunity. In addition to your salary and bonus, we offer you a benefits package that's flexible and allows you to be in control, as well as all the policies, tools and guidance to support you.
Other Santander benefits include:
Pension with generous contributions from Santander
30 days' holiday plus bank holidays, with the option to purchase up to 5 contractual days per year
£6,000 car allowance per year
Company funded Individual Private medical Insurance
Voluntary healthcare benefits at discounted rates such as Private medical insurance for your family, Dental insurance, Healthcare Cash Plan and Health assessments
24/7 access to an online employee discount platform. Save money on everything from groceries, electronics, fashion, holidays and much more
Benefits supporting you and your family, such as Childcare vouchers, voluntary Life assurance and Critical illness
Access to an All Employee car scheme
Excellent employee recognition schemes, be recognised for demonstrating great behaviours
Share in Santander's success by investing in our Sharesave and Partnership shares plans
Support your favourite causes through charitable giving and our community partnerships
Triton Square, London
Our Triton Square office in London is conveniently located within walking distance from Euston Station and Warren Street Station. It's one of our biggest offices in the UK and is home to a range of key functions for the bank from Marketing, Finance and Risk to Digital and HR. With an onsite gym, restaurant, coffee shop and banking facilities, the atmosphere is a vibrant one with plenty of opportunities to socialise and get involved in local community and charity work.
We'll give you more than a job, we'll give you a purpose - to help people and businesses prosper.
Our aim is to be the best bank for our people, customers, shareholders and communities and we're making it happen by focusing on the behaviours that bring everyone together. By bringing passion, talking straight, embracing change, showing respect, speaking up, keeping promises, giving support, truly listening and actively collaborating, we believe we can really make a difference.
We've created an environment where we always put people first, that's why we offer flexible work options to help you do your job in a way that suits you. Whatever your unique ambitions, you'll have plenty of room to grow, with tailored training and development opportunities and a wide range of benefits designed to suit your lifestyle. What's more, we'll also support you in making a difference through our volunteering and fundraising schemes. Our commitment to our people hasn't gone unnoticed and we've been listed as one of Britain's Top Employers by the Top Employers Institute since 2012.
Time to apply
If this sounds like a role you're interested in then please apply on the link below.