Quant Analyst – Rates

£850-900pd Inside IR35

5 days on site

London based

emagine is a high-end professional services consultancy and solutions firm specialising in providing business and technology services to the financial services sector, we power progress, solve challenges and deliver real results through tailored high-end consulting services and solutions.

We have created a culture of openness and integrity by building genuine and strong relationships and partnerships, enabling us to be uncompromising in our dedication in delivering the optimal service for our clients. Our commitment is not just towards our clients but we aim to foster a positive and equitable working environment with our consultants and colleagues which stems from our core values: Confident, Dedicated, Responsible, Genuine.

We are hiring a Quantitative Analyst with strong expertise in Rates products, including both Vanilla and Exotic instruments, to support the extension of functionality across their pricing and risk platforms. This role requires a blend of technical proficiency, quantitative intuition, and practical experience in curve construction and rates modelling. The successful consultant will work autonomously on high-impact projects, collaborating closely with senior stakeholders to deliver robust solutions.

Key Responsibilities

• Curve Construction & Enhancement

  • Improve curve stability and spreads across multiple markets.

  • Select appropriate instruments and methodologies for curve building with strong practical intuition.

  • Address deficiencies in existing models and ensure accurate calibration.

• Rates Modelling & Development

  • Contribute to modelling enhancements for inflation and complex rate structures.

  • Bridge gaps between theoretical models and observed market prices.

  • Integrate and reconcile data from multiple sources while respecting model integrity.

• Project Delivery

  • Lead development initiatives such as the Spreads Project (Jan) and other priority projects.

  • Adapt to evolving client demands and shifting priorities.

  • Operate with autonomy—define requirements, make decisions, and deliver solutions end-to-end.

• Product Coverage

  • Work across Swaptions, CMS, and other Rates derivatives, including exotics.

  • Understand volatility modelling and advanced option structures.

  • Provide practical insights beyond theoretical approaches.

Required Skills & Experience

• Technical Skills

  • Strong programming ability in C++ and Python.

  • Solid quantitative background with experience in Rates modelling, curve construction, and derivative pricing.

• Domain Expertise

  • Deep understanding of Rates products (Vanilla & Exotic), including Swaptions, CMS, and related instruments.

  • Practical experience in curve building and volatility modelling—not just theoretical knowledge.

• Professional Attributes

  • Ability to work independently and demonstrate flexibility in problem-solving.

  • Strong intuition for market practices and instrument selection.

  • Excellent communication skills to liaise with senior stakeholders and justify modelling choices.

Our People

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle, from strategy to implementation. This will provide you with a broad base of experience from which to build an outstanding career.

The ideal consultants will share our values and be aligned with our ways of working and as your career progresses, you can expect to work across all areas of the project lifecycle.

We pride ourselves on;

• Providing our people with a supportive culture, rooted in our values and driven by our purpose.

• Promoting a culture of inclusion, collaboration, well-being, and learning and development.

• Providing increased agility and flexibility within our hybrid working model

• Investing in employees’ growth through ongoing training and development

• Autonomy to take ownership of projects, making decisions and demonstrating individual expertise

• Providing an transparent performance and career management experience.

Our consultants are integral to delivering successful consulting engagements, addressing our clients’ most pressing business challenges, and build lasting value in disciplines such as:

• Solve sophisticated, ambiguous business, change and technology problems, bringing structure and meticulous analysis and planning, acting, and taking decisions with little strategic direction

• Build, develop and sustain trusted senior client relationships in the C-suite by remaining highly attuned to client needs

• Drive, enable and support the business, partnering with our leaders, clients, and consultants across our practices to take the best of emagine to our clients through opportunity identification/qualification, solution development/presentation

Interested?

At emagine, we are committed to building an international and diverse team by embracing our different backgrounds.

If you are up to the challenge and would like to find out more, get in touch with us immediately, our internal recruitment team is always keen to hear from dynamic individuals that are looking to further their career and explore their full potential. 

“emagine is an equal opportunity employer, and employment practices are based strictly on merit. It is the policy of the Company to give equal opportunity in employment regardless of sex, sexual orientation, marital status, race, age, disability, gender reassignment, pregnancy and maternity, religion or ethnic origin”