Job Title
Quant Trader - Pricing

Job Description
So, who are we?

Hello, we're IG Group. We are a publicly-traded FTSE250 FinTech company who run mobile, web and desktop platforms that help our clients trade stocks & shares, leveraged products, Futures & Options and Crypto.

We are ambitious. Over 340,000 people already use our platforms. We're global with offices in 18 countries and products in 16 regions. We're hungry to move faster, ship better product for our customers and grow our user base. We believe in high autonomy, and we want people who are looking to do things differently in order to create better experiences for our customers.

We work in cross-functional teams and are laser focused on increasing the number of active clients we serve to drive sustainable growth.

Position Overview

The Quant Trader - Pricing will be responsible for developing, implementing, and optimizing pricing models for our firm's systematic trading and market making activities. Reporting to the Head of Quantitative Trading, this role combines deep technical expertise in quantitative pricing methodologies with trading acumen to enhance the profitability of our trading strategies across multiple asset classes.

Key Responsibilities

Research & Development

• Develop and enhance proprietary pricing models for various financial instruments, with particular focus on OTC derivatives.

• Conduct research to mitigate pricing inefficiencies and arbitrage opportunities

• Design and implement systematic pricing models based on statistical analysis

• Collaborate with researchers and developers to translate pricing models into production-ready algorithms

• Stay current with academic and industry developments in pricing methodologies and quantitative finance

• Monitor real-time performance of pricing models and make necessary adjustments

• Analyse price quality and suggest improvements to algorithms

• Contribute to the integration of pricing models into the broader portfolio of trading strategies

• Provide insights on market dynamics and pricing anomalies to the trading team

• Develop robust approaches for calibrating and validating pricing models

• Ensure proper stress testing of pricing models under various market scenarios

• Work closely with the risk team to establish appropriate risk limits for pricing-based strategies

• Partner with technology teams to implement and optimize pricing algorithms

• Report on strategy performance and provide insights to the Head of Quantitative Trading

• Contribute to team discussions on research initiatives and strategic direction

• Mentor junior quantitative researchers and analysts on pricing methodologies

• Clearly communicate complex pricing concepts to non-technical stakeholders

• Degree in Mathematics, Physics, Statistics, Computer Science, Financial Engineering, or related quantitative field

• 2+ years of experience in quantitative trading, pricing, or related quantitative finance roles

• Proven track record of developing and implementing successful pricing models or trading strategies

• Experience in multiple asset classes with depth in at least one major market

• Strong understanding of financial products and derivatives pricing theory

• Proficiency in programming languages used in quantitative finance (Python, C++, R, etc.)

• Deep knowledge of statistical methods and their application to financial markets

• Understanding of market microstructure and its impact on pricing

• Experience with numerical methods and optimization techniques

• Familiarity with high-performance computing and handling large datasets

• Exceptional analytical and problem-solving abilities

• Detail-oriented with strong mathematical intuition

• Intellectual curiosity and innovation mindset

• Ability to work collaboratively in a team environment

• Resilience and performance under pressure

• Integrity and ethical conduct in all aspects of trading

• Lead and Inspire: Drives trust, alignment, and enthusiasm
• Think Big: Focus on the problems that most impact commercial outcomes
• Champion the client: Understand and prioritise client's needs
• Deliver at pace: Push for fast, sustainable growth;
• Raise the bar: Take ownership, be accountable and share feedback

• Matched giving for your fundraising activity
• Flexible working hours and work-from-home opportunities
• Performance-related bonuses
• Pension, insurance and medical plans
• Career-focused technical and leadership trainings in-class and online, incl. unlimited access to LinkedIn Learning platform
• A day off on your birthday
• Two days' volunteering leave per year

Boost your career