Overview
We are seeking a profile for the Markets area, specifically supporting the FX (Foreign Exchange) and Options (vanilla & exotic) desks. The program follows an agile delivery model, working closely with Trading and Quant teams, combining strong technical and functional expertise to ensure high-quality deliverables aligned across all geographies.
As an FX Analyst, you will own the definition and analysis of business requirements, driving robust, scalable solutions within a consolidated agile team. This is an exciting opportunity to build and evolve capabilities that keep the FX and Options business competitive. The role blends technical knowledge (in-house valuation architecture, market data integration, distributed pricing) and deep functional expertise in linear and non-linear FX and Options instruments and their pricing.
Core responsibilities:
* Gather, structure, and prioritize business requirements from Trading, Quants and other teams (FX Cash & Options).
* Document end-to-end trade lifecycle: capture, pricing, booking, risk, lifecycle events (fixings, expiries, exercises, barrier monitoring).
* Analyze and classify errors from logs (MxML Exchange, pricing engines, market data loaders).
* Execute and document recovery procedures (reprocessing, feed replay, lifecycle event resynchronization).
* Align pricing models with internal architecture (Black-Scholes, Local Vol, Stochastic Vol: Heston/SABR; smile/skew treatment; correlation and forward points).
* Partner with Quants to integrate pricing engines and market data (FX forward curves, interest rate curves, volatility surfaces, correlation matrices).
* Produce and validate functional specifications for enhancements (risk views, Greeks, scenario analytics, P&L explain).
* Coordinate UAT including edge cases for exotics (knock-in/out, digitals, touch, quanto, multiasset).
* Escalate issues to Murex support when beyond internal scope.
Your technical competencies
* Murex technical knowledge: Services and other technical modules.
* Murex Flexible API / MxML Exchange
* Scripting (Python / Shell (bash), Unix) for log parsing and diagnostic utilities.
* Basic SQL for consistency queries (trades, market data snapshots)
* Technical Skills Optional but valuable:
* Technical knowledge about parallel computing and evaluation (AWS/Azure)
* Jira / Confluence (requirements & incident management).
* Log & monitoring tools (Grafana, Elastic, Kibana)
* Support valuation tests and model comparisons4
Functional knowledge
* FX Products: Spot, Forward, FX Swap, NDF, NDS, multi-leg structures.
* Vanilla Options: European/American, implied volatility, smile dynamics.
* Exotic Options: Barrier (Up/Down In/Out), Digital, Touch/No-Touch, Asian, Cliquet, Quanto, Correlation, Structured combinations (Risk Reversals, Seagulls, Strangles, Straddles).
* Lifecycle events: fixings, premium, settlement, exercise windows, barrier observations.
* Greeks: Delta, Gamma, Vega, Theta, Rho, Vanna, Volga, Charm; intraday hedging implications.
* FX-specific risk: gap risk (barriers), correlation risk (quanto/multi-asset), carry and forward points, cross-currency parity impacts.
Behavioral traits
* Clear communication with both technical and non-technical stakeholders.
* Team Player and honest communication
* Value orientation: prioritize high impact deliverables (P&L / operational risk reduction).
* Structured analytical thinking: challenge assumptions; validate coherence across data, models, and outputs.
* Critical thinking, initiative, and proactive incident handling: anticipate dependencies, surface risks early, propose improvements before they become incidents; drive resolution without constant supervision.
* Proactive ownership and continuous improvement mindset.
* Collaboration across multicultural, multi region teams; adaptability to different communication styles.
Languages:
* English Fluent (minimum B2)
* Spanish will be a plus but not mandatory
WHO WE ARE
Our expertise
We provide high-impact consulting across five key domains:
* Quantitative Finance — Model design, implementation and validation.
* Risk & Regulatory — Risk frameworks and regulatory transformation.
* Data & AI — Data optimisation and AI adoption with strong governance.
* Digital & Technology — Cloud, engineering, automation and digital solutions.
* Transformation — Change management and large-scale delivery programmes.
Our commitment
Built on excellence, collaboration and innovation, Quanteam partners with clients to strengthen resilience, accelerate transformation and build future-ready capabilities.
Benefits & inclusion
We offer a competitive UK-aligned package, including:
* Competitive salary and performance bonus
* Private medical insurance, including mental health support
* Pension
* 25 days annual leave
* Schemes: Cycle to work, Perks at work, Home and tech
* Training and development opportunities
We are committed to a diverse and inclusive workplace where all individuals are respected and valued. We welcome applicants from every background and uphold equality across all characteristics. Diversity drives innovation and strengthens our ability to deliver exceptional results. Our aim is an environment where everyone can thrive and contribute to collective success.