| Company Overview |
Markit is a leading, global financial information services company with over 1,900 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial marketplace.
With over 1,500 institutions using our independent services as clients - including investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies - we provide round-the-clock support from our offices in London, New York, Dallas, Toronto, Amsterdam, Frankfurt, Henley on Thames, Singapore, Tokyo and Sydney.
Markit is an entrepreneurial company and a fast-growing business. We continue to expand our presence around the world and offer exciting career opportunities across sales, customer support, product management, information technology and professional services. |
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| Department Overview |
| PV provides independent valuations of positions, primarily for buy-side firms, covering a large variety of cash assets and derivatives. It is a fast growing business which aims to achieve full coverage of client positions within the next year, thus requiring rapid further development of modelling capabilities. |
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| Role Summary |
| Markit Portfolio Valuations is looking for an experienced quantitative analyst to work on specifying, developing and productionising models for the pricing of structured derivative products. The position includes responsibility for developing prototype model implementations and valuation methodologies, and providing guidance for the roll-out process into the production systems.
A successful candidate is also expected to provide model expertise to junior analysts, help clients with model and methodology related queries and assist in the handling of unusually complex client trades.
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| Duties and Responsibilities |
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| Take ownership of particular pricing models and methodologies, drive their development and ensure their proper implementation on the PV system |
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| Contribute to the choice and development of new pricing methodologies, and to the development of new products for the PV business |
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| Contribute to the design of methodologies to efficiently carry out valuation and other processes for clients |
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| Provide expertise in the interpretation and correct handling of exotic structures |
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| Meet clients alongside the sales team to provide technical expertise, thereby helping to grow revenues |
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| Business Competences |
| Educational Experience |
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| Strong practical industry experience (at least two years) in the implementation and practical use of derivative pricing models, preferably in credit or interest rates. |
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| Experience with exotic derivatives markets |
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| Some knowledge of hybrid derivatives would be desirable |
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| Excellent analytical, quantitative and problem solving abilities |
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| Good programming experience in C++, Java or a similar language |
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| Master degree or PhD in a quantitative subject |
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| Commercial Awareness |
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| Requires an understanding of the practical use of derivative pricing models, their limitations and suitable controls |
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| An understanding of development processes and timeline would be advantageous |
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Personal Competences |
| Personal Impact |
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| Highly motivated and eager to take the initiative |
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| Willing and able to execute hands-on modelling tasks |
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| Communication |
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| Ability to explain modelling approaches clearly and succinctly to non-specialists, both internally and to clients |
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| Good interpersonal skills |
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| Ability to provide thought leadership and direction in the design of methodologies, processes and the PV system around the models |
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| Teamwork |
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| Ability to work well within a team environment |
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| Ability to coordinate with the various product specialists within PV to bring their expertise to bear, and with developers |
Contact Details |
| Interested applicants should send their CV and a covering letter to careers.europe@markit.com citing “VP, Quantitative Analyst, Credit” in the subject line. |
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Due to the high volume of applications we receive for each of our roles we are unable to respond on an individual basis. If you have not received a response within 2 weeks of having submitted your details, it is likely that your application has not been successful on this occasion.
Please state in your covering letter that you are eligible to work in the location that we are seeking to make this appointment. We are committed to being an equal opportunity employer.
We kindly and respectfully request agencies not to submit applications.
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