Quantitative Engineer

Phoenix Group

Flexible working is a core part of our employee offering and it's advertised as standard on all our job adverts, including being open to part-time (e.g. 4 day week @ 80% salary)

Only considering candidates eligible to work in London + 2 more, UK ⚠️

Salary and Benefits: Competitive (various roles available in the team) + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays, plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!

Job Type:  Permanent

Reporting To: Head of Quantitative Engineering

Location: This role will ideally be based in our London office, with time spent between home and the office, and some travel between our Phoenix offices (i.e. Edinburgh / Wythall). Please read about Phoenix Flex here

We are pleased to announce an incredible, new career opportunity to join us here at Phoenix Group as a Quantitative Engineer to join our Quantitative Engineering team within the Asset Management (AM) function. Joining at this early stage you will be working in a fast paced and greenfield environment to help establish the team and build the foundations of the platform.

Who are we?

We want to be the best place that any of our 7,800 colleagues have ever worked.

We’re the UK’s largest long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. 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.

Context – AM Quant Team

Quantitative Engineering is a newly established team within Phoenix Asset Management. Working side by side with our portfolio managers, actuaries, and structurers, Quants will develop tools and models that enable us to make informed decisions to optimize our assets and risk and identify market opportunities.

Key Responsibilities

  • Build and maintain quantitative tools and models for the pricing, risk management, and trading of life insurance products, assets and derivatives.
  • Build and implement new tools for the wider investment team, that provide quantitative support in decision making, asset selection, deal structuring, and understanding/monitoring of risk.
  • Support with idea generation to identify market opportunities to improve overall business performance.
  • Collaborate with other team members to identify and solve complex quantitative problems, while being approachable and flexible
  • Take ownership of platform issues that affect our delivery – escalating as necessary to achieve resolution
  • Improve existing tools and processes through automation, general code quality and efficiency, and test coverage.

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
  • A “get things done” attitude

Qualifications

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

Knowledge & Experience:

Essential

  • Python programming experience, at least 2+ years demonstrated experience
  • Beacon platform or similar e.g. Athena
  • Demonstrated experience in pension schemes and/or life insurance industry
  • Knowledge of the UK insurance regulatory landscape including Solvency II and Matching Adjustment
  • Experience with Excel / VBA

Desirable

  • Experience with SQL
  • Cloud development experience (e.g. AWS / Azure)
  • Some knowledge of investment and fixed income producs, for example derivatives, credit, interest rates and/or inflation would be valuable, but not essential
  • Familiarity with Software Development Lifecycle and development best practice

The ideal candidate will come from the life insurance / pensions industry and has worked in a professional Python development environment.

We want to hire the whole version of you.

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

Phoenix Groupthephoenixgroup.com

The UK's largest long-term savings and retirement business.

Working Week

Flexible working is a core part of our employee offering and it's advertised as standard on all our job adverts, including being open to part-time (e.g. 4 day week @ 80% salary)

  • Mon
  • Tue
  • Wed
  • Thu
  • 🏖️
    Fri

Our Vacation Policy

We offer 38 days annual leave including bank holidays, with the option to buy 5 additional days.

  • 38 days PTO
  • 52 unpaid Fridays
  • 90 days off per year

Remote Working Policy

We offer hybrid work with options to work from various UK offices.

Company Benefits

  • Health insurance
  • 401(k) company contribution
  • Transparent Salaries
  • Generous parental leave
  • Dentalcare
  • Equipment allowance
  • Life & Disability Insurance
  • Professional Development Budget
  • Mental Health Support

Our Team

We're a team of 8.2k across 19 departments:

  • business development
    123
  • finance
    105
  • consulting
    76
  • operations
    72
  • human resources
    58
  • engineering
    51
  • information technology
    50
  • accounting
    38
  • media and commmunication
    27
  • data science
    27
  • support
    22
  • +8 more teams

Desirable Skills and Experience

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