We are seeking an experienced and highly analytical FX Quantitative Researcher to join our FICC Quantitative Research team, based in London. This manager-level role is focused on improving the robustness, tradability, and representativeness of FX benchmarks through deep empirical research and methodological enhancement/evolution.
Role Overview
The successful candidate will drive FX quantitative research initiatives aimed at reducing benchmark susceptibility to manipulation and enhancing and evolving methodological design, consistent with market microstructure dynamics. Leveraging the successful candidates deep understanding of FX market microstructure and pricing dynamics, you will support internal capital markets teams, FX product teams and engage with external WM ecosystem stakeholders to ensure the benchmarks remain fit for purpose in evolving and fast-moving market conditions. Furthermore, the role requires driving thought leadership and research content relevant to FX markets and the unique WM ecosystem.
Responsibilities
- Conduct empirical research on FX benchmark design and pricing behaviour across over 150 currency pairs and Forwards/NDFs
- Identify and validate methodological improvements to enhance tradability, representativeness, and manipulation resilience
- Provide technical oversight to FX market surveillance teams and collaborate on the design of monitoring frameworks
- Work in close collaboration with internal quant and capital markets teams, as well as external stakeholders, including bank algo trading teams to drive methodological enhancements and to thought leadership
- Present research findings to internal decision-makers, regulators, and sophisticated institutional benchmark consumers
- Explore AI-driven techniques to augment traditional quantitative analysis
- Work directly with high-frequency FX data, build research tools, and support infrastructure development
Qualifications
- PhD or advanced degree in econometrics, mathematics, statistics, or a related quantitative discipline
- Strong publication record, preferably in areas related to FX market microstructure, FX price formation, high frequency trading or pricing models
- Proficiency in Python and C/C++, with experience working with large datasets
- Familiarity with FX instruments including spot, forwards, NDFs, swaps, and options
- Comfortable working with raw and high-frequency data from platforms such as EBS, LSEG D&A
- Experience building or enhancing research and surveillance infrastructure
- Strong communication skills and ability to engage with both technical and non-technical audiences
Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you.
LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth.
Our purpose is the foundation on which our culture is built. Our values of
Integrity, Partnership,
Excellence and
Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions.
Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce.
We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs.
You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering.
LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives.
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