Deals - Pricing Model Quant - Senior Manager

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Job description

In Deals we solve the important problems that stand in the way of value being created, sustained, realised or protected for our clients - working together to aid responsible recovery and growth.

We put together major mergers and acquisitions and resolve business crises - from international take-over bids to financial crime investigations and cases of insolvency. Our teams work on iconic deals with national and global clients as well as operating and investing in businesses, new ventures and entrepreneurs in our local market and communities. It's both a responsibility and a privilege to guide our clients through moments that matter deeply to them. Our breadth of clients in an ever-changing market means we need to be agile - responding when we need to, in a way that really makes a difference.

We draw upon our deals experience across many industries to support and partner with our clients, to positively impact society and the communities in which we operate. The insight we create, coupled with the innovative tools and methodologies we use to access and evaluate the data that matters, contributes to the success of our clients in all Deals situations. We encourage our clients to think more broadly - connecting their actions today with their successes tomorrow. We help our clients throughout the Deals lifecycle to create lasting value for their businesses.

Each of our key areas within Deals, delivers services to the market individually or together by combining our specialists to provide comprehensive client solutions.

About the team

Are you a Pricing Model Quant with experience in the front office or model validation department of an investment bank? Are you experienced in the valuation and risk management of financial derivatives and understand model governance? We have an excellent opportunity for you to join our MVD team - the firm's financial instruments valuation and advisory team.

The team provides model risk advisory services and financial instrument valuation to the firm's clients as well as valuation services internally. The team engages in model design, implementation, testing, documentation, validation and review activities to global financial institutions utilising the firm's Global Models Platform. The team also values instruments from liquidly traded shares and bonds through to complex derivatives along with the related valuation adjustments.

About the role

You will be a Quantitative Analyst within the London based team working with our existing team of modelling and pricing specialists as well as our offshore delivery centre. The role will offer you the opportunity to work in a fast paced business alongside a team which has grown significantly over the last 4 years and continues to grow in terms of size, revenue and areas of work.

Key responsibilities will include:

• Working with our top tier banking clients to deliver large model risk engagements supported by our global platform.

• Providing expert assistance for the team's testing of clients' financial instrument valuations, across a wide range of instrument types and product classes, including valuation adjustments.

• Building and/or reviewing internal pricing models for exotic instruments in our library, or other platforms and help the team with on-boarding third party provided models.

• Providing expert assistance to the teams software developers on an existing codebase (Python)

• Leading in areas of business development, practice development and strategy - due to the high growth nature of the business this will be a key component of the role.

On model risk engagements at clients you will take a lead in the below:

• Assisting clients across the entire model lifecycle (design, implementation, testing, documentation, validation and review)

• Examining conceptual soundness; reviewing and challenging underlying assumptions, theory, data and limitations of the models.

• Writing detailed, structured and clear model documentation for 1st and 2nd line client projects.

• Performing assessment of model governance, validation policies and control processes and advising best practice approaches.

Essential skills and experience

• A PhD in engineering, physics, maths, quantitative finance or an allied field preferred, BA and MA holders will also be considered

• A deep understanding of derivative pricing including the related XVA's

• Strong rates asset class experience and related knowledge of the Libor Transition

• Theoretical understanding and hands on experience in developing mathematical models

• Good understanding of model governance including development and validation documentation requirements

• Good working knowledge of C++ and Python

• Familiarity with source control, ideally GIT

• Strong people management and client relationship skills.

• Creativity and problem-solving skills in individual, team and collaborative consultant-client settings.

• Strong analytical skills and attention to detail but tempered with an ability to think laterally.

• Excellent communication skills and the ability to present complex issues in a clear and articulate way to a non-technical audience.

• Ability to multi-task across multiple assignments, prioritise workloads and work under time pressure.

Deals
Our Deals business is an exciting, fast-paced and an ever-growing business that focuses on deals and crisis situations for our clients. Collectively, we deal with the types of situations you hear about regularly in the news and we provide support, insight and analysis to the management, shareholders and financiers of business.

Not the role for you?
Did you know PwC offer flexible contract arrangements as well as contingent work (ie temporary or day rate contracting)?

The skills we look for in future employees
All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here:

The Deal
We want all of our people to feel empowered to be the best that they can be, which is why we have 'The Deal'.

Find out more about our firmwide Employee Value Proposition:

Diversity
Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.