A top UK financial instruments and Valuations house is looking for an experienced commodities product specialist to take the lead in building a valuations capability for derivatives on energy, base and precious metals, softs, indices and emissions. The valuations product teams specialize in building quantitative models for pricing vanilla and exotic derivatives across the major asset classes. This is already in place for credit, interest rate, equity and FX derivatives, so building out the commodity derivatives offering has become the major focus.



Responsibilities:

· Adding vanilla commodity derivatives fully into the existing valuation system over the next 12 months, which involves:



-assessing coverage and quality of data sources for most traded commodities across Europe and the US

-designing system analytics such as forward curves, volatility surfaces and pricing models

-building prototype models in Excel/VBA

-supervising the implementation and testing processes

-providing commodities expertise to the operational valuations teams

-managing one or two junior commodity pricing analysts



· Subsequently extending this commodity framework to price various exotics



· Meeting clients alongside the sales team as the commodities product specialist, to help grow revenues in this asset class



· Contributing to company-wide commodity initiatives via an internal working group



Qualifications:

· Financial markets experience, including within commodity derivatives (with an energy focus) gained within a bank or trading house

· Excellent analytical, quantitative and problem-solving abilities

· Solid practical and theoretical knowledge of mathematical finance: Stochastic Calculus, PDE’s, Stoch Vol, Monte Carlo etc.

· Proficiency using Excel and VBA

· Any experience managing or mentoring junior staff would be desirable

· Any previous commercial exposure or client-facing skills would be desirable

· Top academic background to PhD, DEA level in a highly quantitative subject: Mathematics, Physics, Financial Engineering.



To apply or for more information please contact quantexotic@selbyjennings.com, +44 (0) 207 019 4137

To apply: Contact: jobs@selbyjennings.com or 0207 019 4100

Selby Jennings is the foremost provider of recruitment solutions to global financial institutions across Europe, the US, Asia and the Middle East.

We work with a diverse range of clients, including investment banks, hedge funds and fund of funds, asset management, M&A, corporate finance and private equity financial consultancies and trading houses.

Covering both contingency and retained recruitment services, we offer our clients an industry leading marketing driven operation, as well as a search and selection service to ensure we access the best and most relevant pool of candidates for every assignment.

Please call a member of the team on 0207 019 4100 to find out more.