Employment: Full Time
Our Team:
We are the Quantitative Analysis team at Deriv.com. We develop the underlying risk and pricing models that drive our products and enable customers to trade on our platform. We are central to the profitability and success of the company. We track the company’s performance, mitigate risk, and provide useful, actionable insights that aid our leaders in developing solid business strategies.
Your Role:
As the Head of Quantitative Analysis at Deriv.com, you will use your extensive knowledge and hands-on experience to create new products, generate pricing algorithms, and perform robust real-time risk management. Being a seasoned team manager, you will motivate everyone in your department to play a key role in the future growth, profitability, and risk management of the company.
What You’ll Do:
– Lead a talented team to design mathematical models and apply them to real-world scenarios.
– Launch structured products and models into the trading workflow, taking critical factors such as real-time pricing parameters, data feed irregularities, and latencies into consideration.
– Calibrate prices and risk levels to the market dynamics to ensure efficient risk management, using methods and algorithms such as PDEs, Black-Scholes, stochastic volatility, Vanna-Volga, and GARCH.
– Communicate your assessments of market dynamics, changing competitive landscape, macro environment, and industry trends to senior management and translate these assessments into statistical models that can support our business needs.
– Develop software for backtesting investment strategies and data quality management.
– Partner with other departments to frame problems, manage model development processes, optimise pricing, and manage risk.
– Train junior team members to create models with conceptual soundness, prediction accuracy, and intuitive sensitivity.
– Ensure a high degree of data quality and accuracy in all model documentation, data analyses, reports, conclusions, and presentations produced by the department.
– Act as a subject matter expert across the organisation, supplying information and advice on options pricing, volatility forecasts, risk management programmes, and other topics in your field of expertise.
What You Have:
– Advanced university degree in finance, economics, mathematics or a related field
– More than 15 years of experience in a financial quant-related role
– More than 5 years of experience in a managerial role
– Coding experience with proficiency in object-oriented programming languages, such as C++, Perl, MATLAB, PYTHON, SAS, or R, coupled with the ability to produce high-quality code
– Knowledge of probability theory, stochastic calculus, numerical methods, Monte-Carlo simulation, differential equations, econometrics, derivatives pricing, and statistical modelling such as Black-Scholes, Vanna-Volga, and GARCH
– Expertise in financial econometrics
– Experience in derivatives pricing
– Outstanding leadership and interpersonal skills
– Deep understanding of the impact of geopolitical and social events on financial markets
– Fluency in spoken and written English
What’s Good to Have:
– Trading experience
What We’ll Give You:
– Growth-inducing challenges
– Productive work atmosphere
– Cooperation, support, and empowerment
– Career progression opportunities
– Market-based salary
– Annual performance bonus
– Health benefits
– Casual dress code
– Travel and internet allowances
The story of Deriv starts in 1999. Regent Markets Group, the founding company, was established with a mission to make online trading accessible to the masses. The Group has since rebranded and evolved, but its founding mission remains unchanged.
Our evolution is powered by over 20 years of customer focus and innovation.
Source: Job Posting - gulftalent.com
