Contract Quantitative Developer (C++) – FICC Front Office (London)

Role Overview

Fixed Income, Currencies & Commodities (FICC) Quants within Global Banking and Markets are seeking a C++ Quantitative Developer specialising in Rates and Credit Derivatives. The role focuses on the development and support of pricing, risk, and P&L infrastructure around a core quantitative pricing library, working closely with quantitative modellers, trading desks, risk, finance, and technology teams. This is a hands-on development role combining pricing system engineering, risk infrastructure, and production support in a fast-paced front-office environment.

Key Responsibilities

• Support the design and implementation of pricing, risk, and P&L infrastructure around the core pricing library
• Assist quantitative modellers in developing and maintaining the core pricing library
• Develop quantitative tooling supporting the broader platform
• Provide daily support for pricing and risk issues within quant libraries
• Design, develop, and integrate intraday pricing, risk, and P&L calculations
• Build and maintain end-of-day risk and P&L systems, supporting migration away from legacy vendor platforms
• Design and integrate market data pipelines
• Work closely with trading desks, quants, risk, finance, and technology teams across global locations

Essential Requirements

Experience

• 3–7 years’ experience as a Quantitative Developer, IT Developer, or in a trading environment
• Experience working with large quant or pricing libraries
• Strong C++ development experience (5+ years preferred)
• Exposure to financial markets environments (Rates, Credit, FX, or Equities)

Technical Skills

• Strong C++ development (preferably modern environments such as Visual Studio 2022)
• Experience with Git, pull requests, peer review, and CI/CD pipelines (e.g. Jenkins)
• Understanding of Windows and/or UNIX/Linux environments
• Familiarity with automated testing and development workflows

Quant / Product Knowledge

• Understanding of derivatives pricing models used in investment banking
• Knowledge of interest rate swaps and basic bootstrapping techniques
• Understanding of risk sensitivities, stress/shock scenarios, VaR, ES
• Awareness of P&L explain and attribution concepts
• General understanding of trading, pricing, and risk relationships

Education

• Degree in Mathematics, Physics, Engineering, Computer Science or related scientific discipline
• Strong academic background preferred (top-tier university advantageous)

Desirable Skills

• Knowledge of distributed computing and serialisation techniques
• Experience with scripting languages (Python, Perl, Shell, C#, Java, VBA)
• Cross-platform C++ development experience
• Good Excel skills
• Experience in data analysis
• Familiarity with fast-paced, multi-tasking development environments

Soft Skills

• Strong act with traders and quants
• Ability to handle reactive production support and day-to-day issues
• Quick learner, able to work across legacy and modern codebases
• Comfortable working in a front-line, high-pressure environment
• Pragmatic mindset with understanding of business context behind development work