Quant Structuring Analyst

Job Title: Junior Financial Engineer / Quant Structuring Analyst

Job Type: 12 Month FTC

Closing Date:  28th Feb 2025

Salary and benefits: £70,000 - £80,000 plus bonus, private medical cover 38 days annual leave, excellent pension, 12x salary life insurance, career breaks, income protection

Who are we?

We want to be the best place that any of our 6,800 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer our 12 million customers products across our market-leading brands, including Standard Life, SunLife and ReAssure, with c.£259 billion of assets under administration. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The role

We have an incredible new career opportunity to join us here at Phoenix Group as a Junior Financial Engineer / Quant Structuring Analyst to join ourStructuring Team , embedded within our solutions business.

Structuring is a newly established team within Phoenix whose mandate covers all investment product for which there is some capital component, spanning equities, fixed income, funds, credit and alternatives. We work alongside actuaries, portfolio managers, risk and proposition teams to develop investment solutions to meet the needs of end clients and wholesale partners. In addition to product development, the team is also responsible for creating sophisticated models for capital assessment, pricing, profitability monitoring and ongoing management of our propositions.

We are seeking a Quant Structuring Analyst to be part of this team – joining at this early stage, you will be working in a fast paced and greenfield environment to develop new strategies and products, and to help build on the foundations of the platform.

Key Responsibilities

• Support the development of new products, including systematic strategies and option-based structures across equities, funds, credit, rates, and alternatives in the context of insurance products.
• Assist in portfolio construction and development of hedging programs for new propositions
• Calibration and validation of in-house and third-party asset models used for real-world analysis and projections and risk-neutral pricing
• Maintain quantitative tools and models for the pricing, risk management, capital assessment and profitability monitoring of life insurance products, assets, and derivatives
• Build and implement new tools for the wider structuring team, that provide quantitative support in decision making, asset selection, deal structuring, and understanding/monitoring of risk
• Automation of current manual processes for the reprice, risk management, and profitability monitoring of existing products.
• Build relationships with key stakeholders to identify and solve complex quantitative problems, while being approachable and flexible

What are we looking for?

Personal Attributes

• Strong analytical, quantitative, and problem-solving skills
• A team player with excellent communication skills
• The ability to sense check numbers, perform quick “back of the envelope” calculations and build intuition over results
• Excellent communication skills and ability to build strong relationships
• A proactive, “get things done” attitude

Qualifications

• Advanced degree (Masters) or equivalent (e.g. FRM or CQF) in a quantitative subject (economics/econometrics, finance/computational finance, math, physics, engineering, etc.)
• Excellent communication skills: effective engagement with internal stakeholders across the Group and ability to simplify complex topics for delivery to different audiences.

Knowledge and Experience

Essential

• Experience building and maintaining quantitative models for pricing, portfolio construction and statistical analysis of derivative or systematic strategies designed to hedge risks and enhance returns
• Strong investment knowledge, across derivatives, equities, credit, interest rates and inflation
• Practical understanding of various concepts in financial engineering/quantitative finance, e.g., stochastic calculus, risk neutral/martingale methods, derivative pricing and risk, financial statistics / time-series modelling, Monte Carlo simulation, and optimisation algorithms
• Demonstrable expertise in programming with Python
• Advanced level of Excel

Desirable (but not essential)

• Prior exposure to work involving pension schemes and/or life insurance
• Knowledge of the UK insurance regulatory landscape including Solvency II and Matching Adjustment
• Capital modelling
• Knowledge of Solvency II and IFRS 7/19

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 about #LifeAtPhoenix

• Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
• Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us

Senior Managers Certification Regime (SMCR)

This role is covered by the Senior Managers & Certification Regime (SM&CR) as a certified role. Therefore, this role is subject to annual certification by Phoenix Group, as well as regulatory compliance standards. Anybody performing this role will be subject to:

• PRA Individual Conduct Standards
• FCA Senior Individual Conduct Rules

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