Quantitative Analyst

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Job description

Summary

This recruitment is for two quantitative analysts to undertake analytical, modelling and research work within the Research Team of the DMO. These roles are highly quantitative and require strong problem solving skills and attention to detail as well as some knowledge of coding, bonds, macroeconomic modelling and statistical techniques.

Job description

1. Contribute to the research work that the team undertakes as part of the DMO's annual remit advice for HM Treasury.
2. Conduct analysis and quantitative research to help inform the DMO's operations and policy initiatives.
3. Contribute to the forecasting work that the DMO undertakes for fiscal events on behalf of the Office for Budget Responsibility.
4. Assist in the specification and testing of enhancements to the DMO's operational systems, analytical tools and models, including its portfolio simulation tool, yield curve model, and pricing models.
5. Manipulate and analyse several datasets for the evaluation of auctions and bond syndications.
6. Respond to technical queries from external stakeholders.

Responsibilities

For these vacancies, we will use the Civil Service Success Profiles to assess you against the following Behaviours, Experience and Technical Skills:

1. Technical - A degree (1st or 2:1) in a numerical discipline (e.g. maths, physics, statistics, engineering, etc.) or quantitative finance as well as either a postgraduate degree in a numerical discipline or relevant work experience in an analytical role. [Lead criteria]
2. Technical - Proficiency in Python and/or Matlab.
3. Technical - Knowledge of financial markets and economics.
4. Technical - Ability to manipulate and analyse complex data from a wide range of sources.
5. Experience - Experience of using mathematical and statistical techniques for problem solving.
6. Experience - Explaining modelled results to colleagues and management clearly and concisely in writing or verbally.

Candidates - Please note, you will be asked to give evidence in your application of how you meet these criteria.

Qualifications

A degree (1st or 2:1) in a numerical discipline (e.g. maths, physics, statistics, engineering, etc.) or quantitative finance as well as either a postgraduate degree in a numerical discipline or relevant work experience in an analytical role. [Lead criteria]

Behaviours

We'll assess you against these behaviours during the selection process:

• Seeing the Big Picture
• Making Effective Decisions
• Working Together
• Delivering at Pace

Technical skills

We'll assess you against these technical skills during the selection process:

• A degree (1st or 2:1) in a numerical discipline (e.g. maths, physics, statistics, engineering, etc.) or quantitative finance as well as either a postgraduate degree in a numerical discipline or relevant work experience in an analytical role.
• Proficiency in Python and/or Matlab.
• Knowledge of financial markets and economics
• Ability to manipulate and analyse complex data from a wide range of sources

Benefits

• Annual Leave - You will have an annual leave allowance of 27.5 days (pro-rata/ length of contract/dependent on start date) plus paid bank holidays.
• Civil Service Pension
• Subsidised gym membership
• Interest free season ticket loan
• Family friendly HR policies including paid maternity, paternity and adoption leave
• A working culture which encourages inclusion and diversity

Professional Qualifications, Training & Development - The DMO provides financial support to employees undertaking professional qualifications, skills training and development that are relevant to the role. The DMO will also pay individual subscriptions to professional bodies.

Things you need to know Security

• Successful candidates must pass a disclosure and barring security check.
• Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check
• People working with government assets must complete basic personnel security standard checks.

Selection process details

This vacancy is using Success Profiles, and will assess your Behaviours, Strengths, Ability, Experience and Technical skills.

There will be a two stage interview process for these posts.

Applicants for this post will be assessed against the elements of Success Profiles listed above. Candidate guidance on Success Profiles, and how you will be assessed, is available here.

• Stage 1: Candidates may be asked to undertake a test and will be assessed against the elements of the Success Profiles recruitment framework listed above.
• Stage 2: Candidates may be asked to undertake a psychometric test and will be assessed against the elements of the Success Profiles listed above.

Application deadline: 23:55 on 05/12/2021
Shortlisting: Week commencing 06/12/2021
Interviews: Week commencing 13/12/2021
These dates are indicative and may change

To apply, please send a CV and covering letter to .

The candidates who are assessed, from the information provided as best meeting the requirements of the role will be invited to interview. Please note that only candidates shortlisted for interview will be informed of the progress of their application. Feedback will only be provided to those invited to attend an interview.

As part of our pre-employment security checks, if you are invited to interview, you will need to bring:

• Proof of identity, e.g. your passport or driver's license. Documents must be in date and valid.
• Proof of your National Insurance (NI) number, e.g. letter from DWP confirming your NI number, or P60

If you do not bring a UK passport, you will need to bring other documentation of your right to work in the UK, e.g. your visa, biometric residence permit or birth certificate. Now that we have concluded the Brexit transition period applicants from the EU must provide proof of their eligibility to work in the UK.

Further details regarding acceptable documents will be provided in the invitation to interview.

For more information on the DMO visit:

Contact point for applicants -

Further information

If you feel at any time your application has not been treated in accordance with the values in the Civil Service Code and/or if you feel the recruitment has been conducted in such a way that conflicts with the Civil Service Commissioner's Recruitment Principles, you may make a complaint, by contacting us by an email in the first instance.

If you are not satisfied with the response you receive you can contact the Civil Service Commissioners via email alternatively they can be contacted at the following address: G/8, 1 Horse Guards Road, London, SW1A 2HQ