Quantitative Researcher, Equity Derivatives, Global Hedge Fund - JMD Reg Consultancy LTD

Quantitative Researcher: Equity Derivatives Business (Pathway to Risk-Taking)

A leading global investment firm is seeking a Quantitative Researcher to join its equity derivatives business.

You will work closely with senior portfolio managers, build the tools that support their investment decisions, and have a clear opportunity to progress into a risk-taking role.

Key Responsibilities

Risk infrastructure: Lead the development of risk systems covering:

• dividends
• equity funding sensitivities across futures and swaps
• single stock and index deltas
• options sensitivities (gamma, vega, theta)
• interest rate exposures

Portfolio manager tools: Design interfaces that incorporate market data from external providers and allow portfolio managers to set their own dividend and funding curves by asset.

Pricing: Work with portfolio managers to price futures and forwards using underlying inputs, and to derive dividend and funding expectations from market prices.

Automation: Use AI and large language model tools to automate time-intensive workflows.

Research Opportunities

• Test strategies and trade structures against historical data.
• Assess new data sources, such as market commentary and earnings call transcripts, to identify investment opportunities.
• Analyse execution quality, including bid/offer spreads, transaction costs and speed of pricing.
• Support pre- and post-trade analysis and profit and loss attribution.

Career Progression

This role offers direct exposure to how positions are priced, risk-managed and executed. For candidates with strong commercial judgement and market insight, there is a genuine opportunity to progress into a risk-taking role.

Requirements

• 5+ years' experience at a bank, hedge fund or asset manager supporting Delta One or Equity Volatility strategies
• Strong Python skills
• Solid understanding of dividends, funding, forward pricing and options risk
• Strong commercial awareness and an ambition to move into a risk-taking role