NCSL International
Job Purpose With approximately 5 million contracts cleared every day across multiple asset classes, ICE Clear Europe (ICEU) is one of the world's most diverse and leading clearing houses. As a clearing house, ICEU performs a critical role in ensuring market stability especially through periods of volatility and increased uncertainty. It provides central counterparty clearing and risk management services for global energy, interest rate, equity index, and agricultural derivatives. We leverage advanced quantitative models to effectively manage market risk for exchange-traded derivatives, credit risk of clearing members and counterparties, and liquidity risk associated with posted collateral. Our risk framework ensures resilience in dynamic market conditions while upholding the highest regulatory and operational standards. The Model Risk Management team, part of the Risk Oversight Department, is responsible for all aspects of model risk, encompassing model governance & control, model validation, and model performance monitoring across a wide range of applications. ICE Clear Europe is seeking a Senior Model Risk Analyst to join its Model Risk Management team. This role is responsible for validating and monitoring pricing and risk models used in the clearing house, ensuring their accuracy, robustness, and compliance with regulatory standards. The position involves end-to-end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. This is an exciting opportunity for a technical expert looking for broad model exposure in a collaborative and flat organizational structure at the centre of financial markets. Responsibilities Conduct independent validation of risk and pricing models and review of stress testing frameworks, including conceptual soundness, assumption reasonableness, and performance benchmarking. Document validation findings, communicate risks, and recommend improvements. Continuously monitor model performance, review first-line risk management monitoring approaches, and identify and drive model changes or risk mitigating actions. Provide guidance on model usage and act as a key stakeholder liaison for new models and changes Review model change and calibration proposals Stay updated on evolving market practices, regulatory requirements, and quantitative methodologies. Provide technical interpretations to regulatory text Utilise programming skills to execute validation tasks and develop technical capabilities and tools for model testing, model monitoring and other related analytics. Knowledge and Experience Advanced degree (MSc/PhD) in Mathematics, Statistics, Quantitative Finance, or related field. Experience in model validation, quantitative analysis, or risk analytics. Strong knowledge of market, credit, or liquidity risk frameworks. Proficiency in Python (NumPy, Pandas, etc.) and SQL for data analysis. Strong understanding of option pricing theory and statistical risk modelling techniques (VaR, Backtesting, Stress Testing). Excellent verbal and written communication skills. Desirable Knowledge and Experience Industry certifications (PRM, FRM, CFA). Experience in a clearing house, trading firm, bank or similar financial institution. Knowledge of SR 11-7 model risk guidelines and exchange-traded derivatives.
Job Purpose With approximately 5 million contracts cleared every day across multiple asset classes, ICE Clear Europe (ICEU) is one of the world's most diverse and leading clearing houses. As a clearing house, ICEU performs a critical role in ensuring market stability especially through periods of volatility and increased uncertainty. It provides central counterparty clearing and risk management services for global energy, interest rate, equity index, and agricultural derivatives. We leverage advanced quantitative models to effectively manage market risk for exchange-traded derivatives, credit risk of clearing members and counterparties, and liquidity risk associated with posted collateral. Our risk framework ensures resilience in dynamic market conditions while upholding the highest regulatory and operational standards. The Model Risk Management team, part of the Risk Oversight Department, is responsible for all aspects of model risk, encompassing model governance & control, model validation, and model performance monitoring across a wide range of applications. ICE Clear Europe is seeking a Senior Model Risk Analyst to join its Model Risk Management team. This role is responsible for validating and monitoring pricing and risk models used in the clearing house, ensuring their accuracy, robustness, and compliance with regulatory standards. The position involves end-to-end model risk assessment across initial margin, add-ons, and stress testing frameworks, with a focus on market, credit, and liquidity risk. This is an exciting opportunity for a technical expert looking for broad model exposure in a collaborative and flat organizational structure at the centre of financial markets. Responsibilities Conduct independent validation of risk and pricing models and review of stress testing frameworks, including conceptual soundness, assumption reasonableness, and performance benchmarking. Document validation findings, communicate risks, and recommend improvements. Continuously monitor model performance, review first-line risk management monitoring approaches, and identify and drive model changes or risk mitigating actions. Provide guidance on model usage and act as a key stakeholder liaison for new models and changes Review model change and calibration proposals Stay updated on evolving market practices, regulatory requirements, and quantitative methodologies. Provide technical interpretations to regulatory text Utilise programming skills to execute validation tasks and develop technical capabilities and tools for model testing, model monitoring and other related analytics. Knowledge and Experience Advanced degree (MSc/PhD) in Mathematics, Statistics, Quantitative Finance, or related field. Experience in model validation, quantitative analysis, or risk analytics. Strong knowledge of market, credit, or liquidity risk frameworks. Proficiency in Python (NumPy, Pandas, etc.) and SQL for data analysis. Strong understanding of option pricing theory and statistical risk modelling techniques (VaR, Backtesting, Stress Testing). Excellent verbal and written communication skills. Desirable Knowledge and Experience Industry certifications (PRM, FRM, CFA). Experience in a clearing house, trading firm, bank or similar financial institution. Knowledge of SR 11-7 model risk guidelines and exchange-traded derivatives.
NCSL International
Job: Front Office Pricing Quant - Rates Modelling Location: London Hybrid working - travel to office is required Full time contract - long term engagement Inside IR35 - up to £900 umbrella daily Role Overview: We are seeking a Pricing Quant Analyst with strong experience in interest rate products, pricing model development, and programming in Python and C++. This role sits within the front office quant team, supporting traders and structurers through the design and implementation of robust pricing and risk models for a wide range of rate derivatives. Key Responsibilities: Develop, implement, and maintain pricing models for rates products (e.g., swaps, swaptions, futures, structured rates) Work closely with traders and structurers to provide real-time pricing and risk analytics Calibrate models using market data and ensure alignment with market conventions Contribute to the enhancement of pricing libraries and analytics infrastructure in Python and C++ Perform testing, validation, and documentation of models in line with internal governance and regulatory standards Key Requirements: Proven experience as a Quantitative Analyst within a front office or desk-aligned environment Deep understanding of interest rate products and pricing methodologies Strong proficiency in Python and C++ for quantitative development Solid background in mathematics, quantitative finance, or physics Familiarity with model calibration, curve construction, and market data handling Effective communication skills and ability to collaborate with traders, technologists, and risk teams If you're a technically strong quant with a passion for rates modelling and front office impact, we'd love to hear from you. WHO WE ARE Quanteam Group is a Consulting firm specialized in the Capital Markets industry, in Paris, London, Krakow, Brussels, New York and North Africa. Since 2007, our 800 consultants provide major clients (Corporate & Investment Banks, Asset Managers, Hedge Funds, Brokers and Insurance Companies) with expertise in several projects such as Financial Engineering, Quantitative Research, Regulatory Implementation, IT Transformation & Innovation. The firm mainly takes part in: Business consulting: Quantitative research, Risk management (e.g. Market risk, credit risk, counterparty risk), Banking regulations (e.g. Basel III, Solvency II, FATCA, EMIR, MiFID), Pricing & Valuation, Organizational Transformation & Process Improvement. IT & Information systems consulting: Business Analysis, Project Management, Change management, Front Office Support (functional and technical), Development (e.g C++, Python, C#, Java, VBA), Financial Software (e.g. Sophis, Murex, Summit, Calypso), IT Transformation & Innovation. As part of Quanteam Group, Quanteam UK & PL has today more than 80 consultants, working for major Capital Markets institutions in London and Krakow.
Job: Front Office Pricing Quant - Rates Modelling Location: London Hybrid working - travel to office is required Full time contract - long term engagement Inside IR35 - up to £900 umbrella daily Role Overview: We are seeking a Pricing Quant Analyst with strong experience in interest rate products, pricing model development, and programming in Python and C++. This role sits within the front office quant team, supporting traders and structurers through the design and implementation of robust pricing and risk models for a wide range of rate derivatives. Key Responsibilities: Develop, implement, and maintain pricing models for rates products (e.g., swaps, swaptions, futures, structured rates) Work closely with traders and structurers to provide real-time pricing and risk analytics Calibrate models using market data and ensure alignment with market conventions Contribute to the enhancement of pricing libraries and analytics infrastructure in Python and C++ Perform testing, validation, and documentation of models in line with internal governance and regulatory standards Key Requirements: Proven experience as a Quantitative Analyst within a front office or desk-aligned environment Deep understanding of interest rate products and pricing methodologies Strong proficiency in Python and C++ for quantitative development Solid background in mathematics, quantitative finance, or physics Familiarity with model calibration, curve construction, and market data handling Effective communication skills and ability to collaborate with traders, technologists, and risk teams If you're a technically strong quant with a passion for rates modelling and front office impact, we'd love to hear from you. WHO WE ARE Quanteam Group is a Consulting firm specialized in the Capital Markets industry, in Paris, London, Krakow, Brussels, New York and North Africa. Since 2007, our 800 consultants provide major clients (Corporate & Investment Banks, Asset Managers, Hedge Funds, Brokers and Insurance Companies) with expertise in several projects such as Financial Engineering, Quantitative Research, Regulatory Implementation, IT Transformation & Innovation. The firm mainly takes part in: Business consulting: Quantitative research, Risk management (e.g. Market risk, credit risk, counterparty risk), Banking regulations (e.g. Basel III, Solvency II, FATCA, EMIR, MiFID), Pricing & Valuation, Organizational Transformation & Process Improvement. IT & Information systems consulting: Business Analysis, Project Management, Change management, Front Office Support (functional and technical), Development (e.g C++, Python, C#, Java, VBA), Financial Software (e.g. Sophis, Murex, Summit, Calypso), IT Transformation & Innovation. As part of Quanteam Group, Quanteam UK & PL has today more than 80 consultants, working for major Capital Markets institutions in London and Krakow.