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Quantitative Model Development- Associate Director

  • Salary range
    £95,418 - £106,020
  • Location
    London
  • End date
    Tuesday 30 June 2026
  • Job type
    Permanent

Posted date

Posted Yesterday

Job ID

157585

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Agile Working Options

Job Share; Flexibility in when hours are worked; Hybrid Working

Job description

JOB TITLE: Quantitative Model Development- Associate Director

LOCATION: London

HOURS: Full time

WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.

About this Opportunity:

We're hiring a quantitative modelling specialist to develop credit risk and pricing models across loans, bonds and securitised products. This role focuses on mark-to-market valuation, capital risk transfer and portfolio optimisation within a business and commercial banking environment.

The distribution team is responsible for building quantitative methods and tools to support market pricing of assets (MTM), capital risk transfer modelling and the execution of Collateral Debt Obligations (CDOs). The role offers the opportunity to work collaboratively and further develop your technical expertise within a high-performing team.

What you’ll be doing:

  • Develop quantitative models and tools for pricing loans, bonds and CDOs

  • Support methodologies for mark-to-market (MTM) valuation, distribution and hedging transactions

  • Apply advanced techniques in credit risk modelling and quantitative analytics

  • Research and implement improvements to modelling approaches and tooling

  • Demonstrate new ideas to enhance quantitative modelling capability

  • Work closely with market and business specialists to assess risk and establish pricing benchmarks

  • Identify opportunities to support portfolio optimisation and capital efficiency

  • Contribute to credit risk transfer and securitisation transactions

What we’re looking for?

  • Strong mathematical or quantitative background (e.g. MSc/PhD in Mathematics, Statistics, Physics)

  • Experience in credit risk modelling, pricing or valuation within financial services

  • Proficiency in Python and C#, with advanced Excel skills

  • Knowledge of structured finance (e.g. CDOs) or credit hedging

  • Experience with mark-to-market (MTM) or IFRS9 valuation methodologies

It would also be useful if you had:

  • Experience developing models for loan pricing, CDO pricing and credit portfolio management

  • Experience working with Model Risk or Model Validation teams

  • Calibration of multi-factor credit risk models

  • Application of machine learning techniques in financial modelling or forecasting

  • Use of optimisation techniques, such as linear programming, for portfolio management

We know that great talent comes from many backgrounds. Whilst this job advert may reference specific years of experience, we recognise that skills are developed in many ways, so if you have relevant, transferable experience, we encourage you to apply.

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. And, as a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme.

We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

Ready for a career where you’ll learn and thrive? Apply today and find out more.
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We're a fast paced, forward thinking business that's shaping finance as a force for good.
A bank that's empowering its people to innovate, explore possibilities and grow with purpose.

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