Job Description

Our team We are the Trading team at Deriv. We develop the underlying risk and pricing models that drive our products and enable customers to trade on our platforms. We are central to the profitability and success of the company. We track the company's performance, mitigate risk, and provide useful, actionable insights that help us develop solid business strategies. Your role As a Senior Quantitative Analyst at Deriv, you will be involved in developing derivatives pricing, risk management models, and algorithms. You will play a key role in the future growth, profitability, and risk management of the company. Since all transactions on our platform are fully automated, you will ensure that our pricing and risk management algorithms are robust, considering critical factors such as real-time pricing parameters, data feed irregularities, and latencies. Your challenges

• Apply mathematical models to real-world scenarios.
• Solve complex and abstract mathematical problems to optimise pricing and manage risk.
• Analyse trading patterns to identify new market opportunities.
• Communicate effectively with other team members to understand the big picture of the organisation and its goals.
• Develop derivatives pricing, as well as risk management models and algorithms
• Review, develop, and enhance options pricing, volatility forecasts, and risk management programmes.
• Perform data mining using SQL databases and other analytical tools.
• Monitor website trading activity and minimise abuse.
• Generate periodic and special reports that summarise client trading trends.

What you have

• An advanced university degree in physics, financial engineering, or mathematics
• Knowledge of probability theory, stochastic calculus, numerical methods, Monte-Carlo simulation, differential equations, econometrics, derivatives pricing, and statistical modelling
• Experience in a programming language such as Python, R, and SQL
• Excellent spoken and written English communication skills

What's good to have

• Experience in using financial information sources such as Bloomberg and Reuters
• Knowledge of Perl

What we'll give you

• Market-based salary
• Annual performance bonus
• Medical insurance
• Housing and transportation allowance
• Casual dress code
• Work permit

About us We're Deriv. We're all about trading. We're the geeky upstarts who pioneered an industry. That was more than 20 years ago, and we're still going strong. Today, we work across continents and serve over a million traders from around the globe. Join us. Grow with us. Location DMCC, Dubai We are proud to announce that Deriv (DMCC) has been recognised as a Great Place to Work in the Middle East in March 2022, based on our employees' feedback on a Trust Index(TM) Survey. Our Dubai office is a Great Place to Work-Certified company.This certification is a badge of honour that validates the employee experience and the workplace culture we have built for our people.Established in 1992, Great Place to Work is the global authority on building, sustaining, and recognising high-trust, high-performing workplace cultures. Job Type: Full-time