Vice President of Quantitative Analytics and Modeling
Front office Cross Asset
Dubai / UAE – Exceptional Compensation
Top Investment bank is currently looking to fill a role in Dubai for a front office XA quantitative analyst to work directly with the commodity derivative traders, the equity exotic traders, the FX options traders and the hybrids traders on a daily basis. Due to the expansion of this area and the extensive expansion of the bank, this institution seek an exceptional quant for a team lead role working with these front office teams on such areas as modeling, pricing, hedging, risk management and P& L analysis. This role is an exceptional opportunity for a top performing quant to work in a truly expanding region within a bank doing very well and with the support of the larger quant teams located in various locations around the world.
The successful candidate will:
· Enter at a Vice President / Director position and have 2 other quants reporting directly to them
· Work on a daily basis with the Duabi based Traders and Structurers covering various assets
· Gain extensive exposure to various derivative exotic products including local volatility, stochastic volatility, Vega Dividends, Tarns, Cliquets, Options, HJM, BGM, implementation of the CEV model for FX rate on top of correlated Gaussian interest rates using the Markovian Projection calibration technique
· Liaise with London Quants and Traders on various pricing issues and derivative modeling techniques
The successful candidate is likely to have the following background:
· A number of years experience in either a front office or model validation role working on either a single asset, multi asset, hybrids or cross asset platform
· Extensive modeling experience with expert knowledge of a variety of financial techniques including Finite difference methods, Monte Carlo Simulations, PDE Modeling, OO c++ coding etc
· An exceptional industry record with proven success of developing and implementing stochastic models into a significant financial analytics platform
· An outstanding academic background to PhD or DEA level in a highly mathematical course.
· Extensive and up-to-date readings covering derivative pricing techniques, options, financial mathematics, C++, and risk & hedging analytics.
This position is a great opportunity for a senior individual to lead a team in an expanding region with the financial and intellectual capital backup and help form a global investment bank.
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