Director - Equity Exotics Quant

About the role

A leading Tier 1 investment bank is looking for a Director‑level Quant to own the modelling of complex equity exotics. The role sits in the first‑line equities quant function, providing deep technical challenge and shaping model submissions before independent validation.

Key responsibilities

• Perform detailed technical reviews of complex equity and hybrid derivatives models.
• Assess model assumptions, limitations and associated risk impacts.
• Develop alternative benchmarks, testing frameworks and analytical tests, primarily using Python.
• Document model design, validation results and governance artefacts to high standards.
• Advise senior stakeholders on modelling decisions and drive automation improvements.
• Collaborate with traders, strategists, developers and validation teams across the model lifecycle.
• Contribute to strategic initiatives on model standards, controls and mentorship of junior quants.

Required profile

• PhD or Master’s degree in Financial Mathematics, Mathematics, Physics or a related quantitative discipline.
• Significant recent experience building and calibrating equity exotics models (local vol, stochastic local vol, local correlation, cliquets, cross‑asset hybrids).
• Proven ability to challenge and improve pricing frameworks at a senior technical level.

Required skills

• Python (essential for model testing and automation).
• C++ exposure (beneficial for performance‑critical implementations).