eFinancialCareers
£850-£900pd Inside IR35
12 month initial contract
5 days on site in London
emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector. We power progress, solve challenges, and deliver real results through tailored high-end consulting services and solutions.
We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication to delivering the optimal service for our clients. Our commitment is not just towards our clients — we aim to foster a positive and equitable working environment with our consultants and colleagues, which stems from our core values: Confident, Dedicated, Responsible, Genuine.
We are seeking a Senior Quantitative Modeller with a strong focus on model validation within the commodities space. This role is critical to strengthening and expanding quantitative capabilities as the business continues its strategic shift towards OTC derivatives products and explores new asset classes.
The successful consultant will combine strong technical expertise with deep derivatives product knowledge, supporting both internal stakeholders and client-facing initiatives.
Key Responsibilities
Perform rigorous model validation across a range of commodity derivatives products
Develop, enhance, and maintain pricing and risk models, with a focus on derivatives (e.g. swaps, futures, options, Asians, averaging products)
Work with market data inputs to build and validate pricing frameworks
Collaborate closely with trading, risk, and technology teams, ideally in a front-office or trading desk-aligned environment
Support the firm’s transition toward increased OTC product coverage and more complex instruments
Contribute to the modelling and validation of new products and asset classes
Improve client engagement through transparent, robust modelling solutions
Key Requirements
Strong programming skills in Python, C++, or C#, with hands-on experience developing pricing models (not purely research or predictive/data science work)
Proven experience in quantitative modelling and independent model validation, specifically in derivatives pricing and risk
Solid understanding of financial derivatives, including exposure to:
Swaps
Futures
Options
Exotic products (e.g. Asians, averaging structures)
Experience working with market data to build pricing models, rather than purely predictive/statistical modelling
Background working in a trading desk environment (bank, hedge fund, market maker, or major trading counterparty strongly preferred)
Demonstrated experience supporting or interacting with front-office trading teams
Strong coding standards, including model documentation and production-quality implementation
Experience working within and extending an existing technology stack
Experience in commodities markets, particularly:
Emissions / carbon products
Power markets
Prior experience in a banking or hedge fund environment with exposure to live trading and risk systems
The ideal profile will demonstrate:
Direct involvement in building and implementing pricing models
Experience working closely with trading desks
Strong alignment to derivatives valuation rather than general analytics or machine learning applications
Our People
The ideal consultants will share our values and be aligned with our ways of working. As your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.
The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.
We pride ourselves on;
Providing our people with a supportive culture, rooted in our values and driven by our purpose.
Promoting a culture of inclusion, collaboration, well-being, and learning and development.
Providing increased agility and flexibility within our hybrid working model
Investing in employees’ growth through ongoing training and development
Autonomy to take ownership of projects, making decisions and demonstrating individual expertise
Providing an transparent performance and career management experience.
Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:
Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction
Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs
Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation
Interested?
At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.
If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential.
“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin