Rates Quantitative Analyst

Do you love an intellectual challenge? Are you dedicated to rigorously understanding problems and innovating solutions? Can you perform under pressure in a dynamic environment? We're looking for someone outstanding who can:

• work closely with our Rates Trading and Sales desks, regularly sitting with them to build strong relationships and understand day-to-day challenges; provide quantitative expertise in pricing, risk models and hedging for flow rates products, and drive adoption of analytics and risk tools.
• develop, enhance and maintain interest rate analytics and model libraries (pricing, risk and curve building) to address trading needs as well as business and regulatory requirements
• collaborate with other QA teams and technology partners to deliver robust production solutions for risk management, P&L reporting and controls.
• maintain continuous, enthusiastic interaction with Trading and Sales: respond to issues quickly, investigate and resolve model/market anomalies, and proactively propose and deliver new analytics.

Full Time

341190

London

Do you love an intellectual challenge? Are you dedicated to rigorously understanding problems and innovating solutions? Can you perform under pressure in a dynamic environment? We're looking for someone outstanding who can:

• work closely with our Rates Trading and Sales desks, regularly sitting with them to build strong relationships and understand day-to-day challenges; provide quantitative expertise in pricing, risk models and hedging for flow rates products, and drive adoption of analytics and risk tools.
• develop, enhance and maintain interest rate analytics and model libraries (pricing, risk and curve building) to address trading needs as well as business and regulatory requirements
• collaborate with other QA teams and technology partners to deliver robust production solutions for risk management, P&L reporting and controls.
• maintain continuous, enthusiastic interaction with Trading and Sales: respond to issues quickly, investigate and resolve model/market anomalies, and proactively propose and deliver new analytics.

The Rates Quantitative Analytics (QA) team is the Front Office group responsible for the development and maintenance of models used for the valuation and risk management of the firm's interest rate trading positions. Our team works closely with multiple internal clients including trading, sales, IT and control functions.

• strong academic background in a quantitative field (mathematics, physics, engineering, etc.)
• proficiency in C++ and Python.
• strong understanding of interest rate financial products and markets, with demonstrable experience in flow rates; knowledge of rates options products is advantageous
• hands-on experience with curve building (multi-curve frameworks, calibration) and applying curves consistently across pricing and risk
• practical knowledge of pricing and risk for flow interest rate products (sensitivities/greeks, scenario/curve risks, hedging), and the ability to troubleshoot and explain model behaviour to desk stakeholders
• in-depth knowledge of the fundamental aspects of quantitative finance and derivative pricing
• ability to communicate complex ideas in a fluent and articulate manner.
• you’re curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards, and ethical use.

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS…