Market Risk Analytics EQ (Convertible Bonds) – VP Level – London

LevelUp is recruiting on behalf of our client, a major full-service global investment bank and capital markets firm, for an experienced Equity Risk Quant to join the Equity Risk Analytics team at VP level in London. This is a highly specialised role with a strong emphasis on convertible bonds, supporting one of the Street’s leading equity derivatives and convertible franchises.

The successful candidate will play a pivotal role in enhancing risk analytics capabilities, building robust tools, and partnering closely with trading, risk management and quantitative development teams across the equity platform.

Key Responsibilities

• Lead the design and implementation of advanced risk analytics solutions with a primary focus on convertible bonds.
• Collaborate closely with Market Risk, Credit Risk, SIMM, and Quantitative Risk Development teams to ensure consistency and accuracy of risk measures across the equity derivatives platform.
• Partner directly with trading desks and risk managers to deeply understand complex product structures and deliver bespoke risk analytics tools.
• Develop and maintain Python-based libraries and applications supporting real-time and historical risk analysis, scenario generation, and stress testing.
• Drive enhancements to risk methodologies, including proxy modeling, time series construction, and sensitivity analysis for convertible and structured equity products.

Experience, Skills and Qualifications

• Master’s or PhD in Quantitative Finance, Mathematics, Physics, Computer Science, or a related quantitative discipline.
• Minimum of 3 years’ hands-on experience as a risk quant, with a clear and demonstrable focus on convertible bonds.
• Deep product knowledge of equity exotic derivatives, hybrid instruments, and advanced volatility modeling techniques.
• Strong Python programming skills with proven experience building and maintaining analytical libraries and risk tools.
• Excellent problem-solving abilities, meticulous attention to detail, and capacity to manage multiple priorities independently.
• Outstanding communication and interpersonal skills with a highly collaborative approach.

Preferred Qualifications

• Familiarity with Leversys and/or Kynex platforms is a significant advantage.
• Experience in volatility surface calibration, proxy methodology development, and time series modeling is highly desirable.
• Prior exposure to regulatory risk frameworks such as SIMM and FRTB is advantageous.

This is an outstanding opportunity for a specialised equity risk quant who thrives in a technical, product-focused environment and wants to make a material impact on risk analytics for a market-leading convertible and equity derivatives business.

Relevant experience gained at a leading investment bank, hedge fund, or quantitative-focused institution is highly valued. We are particularly interested in candidates who combine deep convertible bond expertise with strong Python development skills and a passion for delivering practical, high-quality risk solutions in partnership with the Front Office and broader risk organisation.