AssociateVice President Inflation Quant | SCIB

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Santander Corporate & Investment Banking (SCIB) is Santanders global division that supports some of the worlds most complex and sophisticated corporate and institutional clients offering customised services and value-added wholesale products to best meet their needs.

The Front Office Quant area is in charge of the development of the pricing and risk models as well as the pricing tools for Sales and trading teams. As part of the Linear Rates & Inflation Products Quants team the focus of this position will be on the development of the pricing libraries for inflation models as well as the curves library.

We are looking for a talented and motivated Inflation Quantitative Analyst to join our Quantitative Products team. The successful candidate will focus on the development implementation and maintenance of pricing analytics and curve construction frameworks for inflation products with a particular emphasis inflation options caps/floors and volatility products. This is a high-impact role working at the intersection of research technology and trading.

About you.

You will be a commercially minded quant who enjoys working close to the trading desk. You combine strong mathematical modelling skills with practical implementation ability and a clear understanding of how models are used in production trading environments.

You should be comfortable balancing model sophistication with robustness explainability and performance. You will be proactive collaborative and able to work effectively with traders structurers developers risk managers and model validation teams.

You will play a key role in designing building and maintaining models and analytics for inflation derivatives trading.

The difference youll make:

• Designing developing and maintaining models and analytics for inflation derivatives including inflation revenue swaps year-on-year swaps LPI swaps caps/floors and inflation-linked optionality

• Developing and enhancing inflation curve construction methodologies including bootstrapping interpolation extrapolation and seasonality-adjusted curves

• Building and improving analytics for pricing risk calibration and scenario analytics for inflation and rates products

• Supporting the development of pricing and/or calibration models for inflation options inflation cap/floor markets and related volatility analytics

• Working closely with inflation traders structurers and risk managers to ensure models and curves are accurate robust performant and fit for purpose

• Implementing and testing new models within production analytics libraries using Python C and/or Rust

• Monitoring and improving the performance stability and accuracy of existing analytics resolving production issues in a timely manner

• Producing clear model documentation and presenting methodology assumptions and results to traders senior quants and model risk stakeholders

• Staying current with academic literature market practice and regulatory expectations in inflation modelling calibration and pricing

What youll bring:

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. Were enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge skills and abilities essential for success in this role.

• Extensive quantitative experience gained in a bank asset manager hedge fund or similar financial markets environment with direct exposure to inflation products

• Professional quant experience with options modelling ideally in a front-office or trading-aligned environment

• A higher qualification in Financial Mathematics Engineering Applied Mathematics Physics Computer Science or relevant mathematical based degree

• Excellent knowledge of interest rate and inflation derivatives modelling ideally with experience in inflation options inflation caps/floors or related rates volatility products

• Experience in inflation/rates curve construction bootstrapping interpolation seasonality adjustments and calibration techniques

• Excellent programming skills in Python and/or C are essential with deep experience in numerical libraries (e.g. NumPy SciPy pandas)

• Familiarity with model validation processes model documentation and regulatory requirements relating to model risk

• Experience with automated testing CI/CD pipelines and version control such as Git

• Well-developed communication skills with the ability to explain complex modelling concepts clearly to both technical and non-technical stakeholders

It would also be useful to have:

• PhD in Financial Math Engineering Applied Mathematics Physics Computer Science or relevant mathematical based discipline

• Hands-on experience with products such as YoY swaps revenue swaps LPI swaps caps/floors and options.

• Knowledge of real-money inflation markets (linkers breakevens) in addition to derivatives

• Professional experience with inflation volatility modelling smile/skew modelling calibration frameworks or hybrid rates/inflation models

• Professional experience with a compiled language (Rust or C) for performance-critical analytics

• Familiarity with production quant libraries and large-scale analytics platforms

What else you need to know:

This role is based at our offices in Triton Square London located within easy walking distance from Warren Street and Euston.

We want our people to thrive at work and home and also be able to deliver the best outcomes for our customers and to help each other develop.

Equal Opportunities.

Santander is proud of being an organization where there are equal opportunities regardless of age gender disability civil status race religion or sexual orientation. We are committed to providing an inclusive and accessible application process for all candidates.

How well reward you.

Your contribution matters and its recognised. You can expect a fair competitive reward package that reflects the impact you create and the value you deliver.

As well as a competitive salary youll enjoy a benefits package that you can tailor to your needs.

• Eligible for a discretionary performance-related annual bonus.

• We put 8% of salary into your pension even if you dont contribute yourself. Well pay in up to 12.5% of salary if you contribute as well and you can take some of our contribution in cash if you prefer.

• 30 days holiday plus bank holidays which increases to 31 days after 5yrs service with the option to purchase up to 5 contractual days per year.

• Company funded individual private medical insurance.

• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family dental insurance and health assessments.

• Protection for you and your family with company-funded death-in-service benefit and income protection insurance and the option to take advantage of discounted rates for additional life assurance and critical illness cover.

• Share in Santanders success by saving or investing inour shareplans.

Learn more about our benefits and family friendly policies

What to do next:-

If this sounds like a role youre interested in then please apply.