Front Office Quantitative Analyst at Rand Merchant Bank

Job Description

• To build new models for the pricing and risk management of derivatives, frequently bespoke structures, and XVAs.
• To provide quantitative support and innovation to trading desks.
• Hello Future Front Office Quantitative Analyst
• RMB is a place where exceptional people create their own opportunities by challenging the conventional and driving sustainable impact.
• United by our proud heritage, strong ethics and philosophy of Traditional values. Innovative ideas, it’s the magic of our people and culture that sets us apart.
• Now, is the time to imagine your next move with South Africa’s number one employer in Financial Services for 2025, where you can embrace the power of collective thinking to unlock unique opportunities for our clients and society.

Are You Someone Who Can

• Analyse and research specific products. Initiate and implement mathematical modelling of the trade in line with given requirements
• Liaise with traders to ascertain requirements for pre-trade pricing
• Provide Traders and Structurers with functionality so that they can use the model
• Support any trade or business approved by the deal committee forum
• Ensure models provide stable risk that is well understood and it captures all risk
• Apply a pragmatic lens where needed to make decisions regarding theory and practice
• Build proficiency in usage of pricing libraries and systems used for flow and structured/exotic trades
• Support modelling across vanilla, XVA and exotic trades, as well as counterparty risk on the trading book.
• Challenge the status quo where appropriate and in line with industry best practice
• Familiarity with regulations relating to derivatives and SFTs e.g. FRTB, SIMM
• Build and maintain professional working relationships with all stakeholders displaying excellent abilities to initiate dialogue, listen, advise, influence and negotiate to achieve correct outcomes
• Initiate meetings with key stakeholders to track progress, manage expectations and ensure stakeholders requirements are delivered
• Preserve relationships despite airing conflicting views and seeks mutual gains when addressing conflicts
• Anticipate consequences and adapt problem solving based on continual feedback
• Act speedily to resolve problems, queries and complaints
• Ability to thrive in an unstructured environment where daily tasks are not obvious and urgent items may arise
• Adapt communication styles to meet the needs of different audiences
• Demonstrate pride in the organisations brand services and products by consistently delivering on the brands promise
• Follow through to ensure that personal quality and productivity standards are consistently and accurately maintained
• Stay relevant and up to date with legislations and new developments in quantitative finance
• Maintain a positive attitude and respond openly to feedback
• Handle stress in ways that do not negatively impact others
• Plan and manage own workflow anticipating obstacles, juggling priorities and following through on objectives within agreed time frames and according to quality standards
• Take ownership of personal career development, leveraging formal and informal opportunities
• Read situations and organisational realities
• Set aside personal agenda for the greater good
• Act in an ethical, transparent and morally defensible manner including highlighting unethical practices
• Share, debate and communicate learnings
• Flag and debate issues constructively
• Promote a friendly and cooperative climate  

You Will Be an Ideal Candidate If You

• Education: Minimum honours degree with some quant finance, Masters preferred
• 5 to 10 years in quantitative finance (ideally investment banking)
• Systems familiarity preferred: CompatibL, Murex
• Coding profiency: C#, Python
• Industry: Investment Banking