Senior Quant Analyst - Fixed Income

Senior Quant Analyst - Public Credit

Location: London (Hybrid 50%)

Full Time – 35 hours

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Who are Just?

We help people achieve a better later life. That’s our purpose and it’s the reason we exist. We are a fast-growing FTSE 250 company helping customers enjoy the retirement they deserve. We do this through a variety of market leading, award-winning products and services, delivered by a diverse team of over 1,400 purpose-led colleagues who genuinely put the customer at the heart of everything we do.

This is a brilliant time to join our business. We are on an exciting growth journey to become the UK’s most loved retirement expert.

Purpose

The Public Credit (PC) team sits within Just Group’s investment function. Its mandate is to (1) deploy capital into the PC markets received from new Bulk Annuity and Individual Annuity policies and (2) evaluate the PC portfolio’s risk profile (credit, liquidity, and responsible investing) and seek sustainable capital generation via back book optimisation.

The PC Quant Senior Analyst is a new role within the PC team and aligns to the newly formed PC Quantitative pillar that supports the PC Trading & PM Pillar to meet the team’s mandate.

The role will be working closely with PC Quant manager to drive the technological enhancements to PC capabilities to enable more systematic

(1) evaluation of investment opportunities / risks and

(2) portfolio optimisation.

This will require strong collaboration with the PC Portfolio Managers and Traders to ensure enhancements meet commercial needs of the front office. Moreover a critical part of the role is idea generation; bringing new analytical techniques to enhance the team’s origination and optimisation capabilities.

Additionally, the individual will work closely with wider teams [ALM, Investment Actuarial and Capital Management] in Just to ensure PC models are optimal within the wider Just technological eco system

Skills & Knowledge

Essential:

• Excellent analytical capabilities with the ability to sense check numbers, perform quick “back of the envelope” calculations and build intuition over results
• Strong team player and presenter
• Good programming capabilities; preferably in Python and VBA [2+ years of demonstrable experience]
• Good understanding of statistical analysis and machine learning
• Good knowledge of fixed income products and associated financial market dynamics

Desirable:

• Working understanding of Defined Benefit pension schemes and/or Solvency II for Life Insurers
• Previous experience in creating/validating pricing, risk and analytical models in an enterprise analytical platform
• Front-Office experience working in a fast-paced environment
• Good understanding of API/SQL/databases

Experience

• Several years experience in quantitative modelling and analysis, preferably with a focus in fixed income and more specifically Investment Grade credit
• Several years of demonstrable experience in Programming capabilities
• Experience in investment
• Proactive and entrepreneurial mindset
• Detailed orientated and diligent in work deliveries
• Strong focus on self-development
• Strong work ethic with a mentality to go above and beyond the status quo

Qualifications

Essential for the role

• University Degree or ideally Masters’ Degree in Mathematics, Statistics, Finance, Engineering, Physics, or a related quantitative field

Desirable

• CQF or similar
• CFA or similar

Company Benefits

• A competitive Salary, Pension Scheme and Life Assurance
• Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
• Private Medical Cover and Income Protection, just in case
• A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
• Opportunity to progress within your career both in-role and within the company
• FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
• A variety of Employee Funded Benefits available to you via our Online Benefits Portal
• Plus, several additional purchase options available for you and your loved ones

Why Just?

At Just you’ll have the opportunity to develop your career, whilst making a difference to the lives of those around you. You’ll be part of a company with a strong and distinctive culture - we’re ambitious, curious and collaborative – and every decision we make centres around being Just and delivering the best outcomes for our customers.

We’re committed to building a more sustainable business, and we’re working hard to make progress against our Net Zero targets. We're reducing our reliance on fossil fuels in our offices, switching to more sustainable sources of energy and we're investing more of our money in green and social assets.

Valuing diversity of thought and fostering a sense of belonging is critical to our business success, driving innovation and balanced decision making. Our work on DEIB (Diversity, Equity, Inclusion and Belonging) aims to deliver a brilliant employee experience underpinned by a sense of belonging, where our people feel proud to work at Just. We remain committed to our publicly disclosed HM Treasury Women in Finance Charter and Race at Work Charter targets and support a wide range of employee network and events, championing issues including intergenerational working, social mobility and neurodiversity.

Be Bold. Be Brilliant. Be Just.

At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail.