Exotics/Hybrids Pricing Quant

Role Overview

We have partnered with a fast-growing macro hedge fund with multiple billions in AUM and an exceptional track record to hire an Exotic Derivatives Pricing Quant. This role offers the opportunity to work in a highly dynamic and collaborative environment, reporting directly to the CIO and interfacing closely with senior team members across the firm.

The successful candidate will take ownership of the pricing and risk analytics for a diverse range of exotic derivatives, contributing meaningfully to a mature and evolving C++ analytics library.

The team values adaptability, intellectual rigor, and a pragmatic approach to problem solving. While there is a clear need for deep domain expertise in financial engineering and exotics pricing, the culture supports continuous learning, with responsibilities likely to evolve based on the individual`s skills and interests.

Key Responsibilities

• Design, implement, and maintain pricing and risk analytics for exotic options, including multi-asset hybrids, contingent payoffs, and related structures.
• Extend and improve the firm’s existing C++ analytics library, ensuring modularity, reliability, and performance for both vanilla and exotic instruments.
• Collaborate with portfolio managers to develop pricing solutions for new and bespoke products, including full lifecycle model implementation (specification, calibration, validation, and deployment).
• Own the end-to-end development of new pricing modules, including integration of data sources, model coding, testing, and documentation.
• Maintain and update existing vanilla rates analytics as needed, ensuring alignment with the evolving needs of the trading team.
• Contribute to a pragmatic, high-impact development process where 80/20 solutions are recognized and valued for rapid deployment.
• Partner with CIO, PMs, and other stakeholders to align development with strategic objectives and immediate business needs.
• Operate with a high degree of autonomy while also contributing to the team’s broader technical and trading initiatives.

Requirements & Qualifications

• 3–8 years of experience in quantitative development or financial engineering, ideally focused on exotic derivatives or structured products.
• Strong C++ programming skills, including experience working with or extending mature quant libraries (familiarity with QuantLib is advantageous).
• Proficiency in Python for analytics, testing, and auxiliary tools development.
• Solid understanding of financial mathematics, either through academic training or professional experience.
• Prior experience in the pricing of fixed income derivatives and hybrid structures; experience across rates, rates/equity, and rates/FX combinations is highly valued.
• Demonstrated ability to independently build pricing models and tools from scratch, including sourcing data and implementing complex models.
• Capacity to work dynamically across both independent and team projects, with excellent communication skills and an adaptable, solutions-oriented mindset.
• Experience in either a sell-side or buy-side environment is acceptable; however, candidates must demonstrate the ability to operate independently without heavily prescriptive guidance.
• A mindset oriented toward pragmatic solutions, recognizing when a robust 80% solution is appropriate under tight timelines.