Quantitative Researcher - Credit

Deutsche Bank; City of London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading global bank located in London is seeking a Quantitative Strategist at the Associate level. The successful candidate will support pricing models for credit derivatives and develop testing of new models. An MSc or PhD in a relevant field is required, alongside strong programming skills, particularly in C++. Hiring full-time offers competitive salary and a hybrid working model.

Benefits

Competitive salary and non-contributory pension

30 days’ holiday plus bank holidays

Life Assurance and Private Healthcare

Flexible benefits including Retail Discounts

Opportunity for volunteering leave

Qualifications

• Experience in financial modelling and derivatives pricing.
• Excellent communication skills, both written and verbal.
• Strong maths skills in probability, stochastic calculus and numerical methods.

Responsibilities

• Supporting pricing models for credit derivatives.
• Developing and testing new models.
• Supporting the DBA library.

Skills

Financial modelling and derivatives pricing

Masters or PhD in Finance, Maths, Physics, Computer Science

Excellent communication skills

Strong maths skills in probability

C++ programming skills

Motivated and eager to learn

Education

Master of Science (MSc) or equivalent

Job description

Quantitative Strategist

Location London

Corporate Title Associate

Group Strategic Analytics is part of Group Chief Operation Office (COO) which acts as the bridge between the Bank’s businesses and infrastructure functions to help deliver the efficiency, control, and transformation goals of the Bank.

You will be joining the Deutsche Bank Analytics (DBA) team in London. DBA is the front‑office quantitative research team in charge of the development of the pricing models used across all divisions of Deutsche Bank for trading and the risk management of Cash and Derivatives in all asset classes of the Bank including Rates, Credit, Foreign Exchange (FX), Commodities, Equities and Hybrids.

What we’ll offer you

A healthy, engaged and well‑supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.

• Hybrid Working – we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for part of their working time and reach a working pattern that works for them
• Competitive salary and non‑contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4Work scheme and Gym benefits
• Opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

Your key responsibilities

• Supporting pricing models for credit derivatives (structured, flow and credit correlation products)
• Developing and testing new and existing models
• Supporting the DBA library to Trading and Strats

Your skills and experience

• Experience in financial modelling and derivatives pricing
• Educated to Master of Science (MSc)/Doctor of Philosophy (PhD) or equivalent qualification/work experience in a relevant subject such as Finance, Maths, Physics, Computer Science
• Excellent communication skills, both written and verbal with attention to detail
• Strong maths skills in probability, stochastic calculus and numerical methods (finite differences, Monte Carlo)
• Good computing and programming skills, including C++ experience
• Highly motivated with enthusiasm and willingness to learn and take on new challenges

How we’ll support you

• Training and development to help you excel in your career
• Flexible working to assist you balance your personal priorities
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• We value diversity and, as an equal‑opportunity employer, we make reasonable adjustments for those with a disability such as the provision of assistive equipment if required (for example, screen readers, assistive hearing devices, adapted keyboards)

About us

Deutsche Bank is the leading German bank with strong European roots and a global network. Click here to see what we do.

Deutsche Bank in the UK is proud to have been named in The Times Top 50 Employers for Gender Equality 2024 for five consecutive years. Additionally, we have been awarded a Gold Award from Stonewall and named in their Top 100 Employers 2024 for our work supporting LGBTQ+ inclusion.

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.

Seniority level

Associate

Employment type

Full‑time

Job function

Other

Industries

Financial Services, Banking, and Investment Banking