Overview
We’re Phoenix Group, a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. We are FTSE 100 and focused on transitioning our portfolio to net zero by 2050. This role is a permanent position based in our London office with some travel to Phoenix offices. Flexible working arrangements (part-time, job-share, etc.) can be discussed during recruitment.
Job title: Quantitative Engineer
Location: London (with some travel to Phoenix offices)
Salary and benefits: £100,000 - £130,000 plus discretionary bonus, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days and more.
Closing Date: 21 October
Role context: The Quantitative Engineering team is a newly established function within Phoenix Asset Management, joining at a fast-paced, greenfield stage to embed quantitative tools across Phoenix. You will work with portfolio managers and actuaries to develop tools and models to optimize assets and risk and identify market opportunities.
Role and responsibilities
The role will require engagement with various teams across RSAM, Actuarial, Finance and Compliance to identify core quantitative capabilities that leverage our Python-based Beacon software platform. You will deliver quant tools, reports and applications that provide a single version of truth for analytics related to the asset management portfolio.
- Enable the Capital Markets Quant Engineering team to accelerate delivery by partnering with RSAM, Actuarial, Finance and Compliance to deliver tools, applications and reports
- Support better assessment and monitoring of risk
- Support robust valuations of assets and liabilities
- Provide end users with easy access to data, including through technical and user documentation
- Ensure outputs are accurate and reliable through automated tests and support for manual testing, user acceptance testing and Compliance model validation
- Understand derivative data, strategy, tooling and workflows to model and value derivative positions correctly
- Understand matching adjustment and BPA valuation processes and calculations
- Identify End User Compute (EUC) and models; design and implement end-to-end capabilities to improve or retire EUCs
- Continuously align deliverables with strategic initiatives to meet business objectives
- Enhance the Quant team framework under appropriate controls
- Collaborate with wider Quant Engineering to solve problems and remain approachable and flexible
What we are looking for
Personal attributes
- Pro-active, self-motivated, energetic with a “get things done” attitude
- Comfortable challenging the status quo and moving forward
- Strong analytical, quantitative and problem-solving skills
- Team player with excellent communication skills
Qualifications
- University degree or ideally Masters’ degree or higher in Mathematics, Statistics, Finance, Actuarial Science, Engineering, Physics, or a related quantitative field
Essential knowledge & experience
- Strong Python coding experience
- Derivatives modelling knowledge
- Track record of developing, executing and embedding new capabilities in fast-moving functions
Desirable
- Experience with Beacon, Athena, SecDB or similar
- Experience with Excel / VBA
- Knowledge of UK life insurance regulatory landscape including Solvency II
- Knowledge of IFRS accounting standard
- Cloud development experience (e.g. AWS / Azure)
- Knowledge of asset management and BPA business
- Familiarity with Software Development Lifecycle, controls, developing tests, and development best practices
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you. If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Find out more
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
