Exotic Rates Quant (Front Office)
Overview
A leading European investment bank is looking to hire an experienced Exotic Rates Quant to join its Front Office team in Paris. This role sits directly on the trading floor and focuses on the development, implementation and delivery of pricing models for complex interest rate derivatives.
The team is looking for someone who combines strong modelling expertise with a hands-on, production-oriented mindset, working closely with traders and structurers to deliver robust, scalable solutions.
Responsibilities
- Develop and enhance pricing models for exotic interest rate derivatives (Bermudans, callable structures, CMS-linked products)
- Implement efficient, production-ready pricing frameworks used directly by trading
- Apply advanced numerical methods, including:
- Monte Carlo simulation
- Regression-based early exercise methods (e.g. Longstaff-Schwartz)
- Contribute to term structure modelling, including Forward/Market Models (FMM / LMM)
- Work on multi-curve frameworks (OIS discounting, €STR, convexity adjustments)
- Partner closely with trading and structuring teams to support pricing, hedging, and risk
- Continuously improve model performance, stability, and integration into production systems
Requirements
- Strong academic background in Mathematics, Physics, Engineering or related discipline
- Proven experience as a Front Office Rates Quant
- Solid understanding of interest rate derivatives, including exotics
- Hands-on experience in model development and implementation in production environments
- Strong knowledge of numerical methods (Monte Carlo essential)
- Good understanding of term structure models
- Experience with FMM / LMM frameworks is a strong advantage
- Programming skills in C++ and/or Python
- Ability to operate in a fast-paced, trading-facing environment
Why Join
- Direct exposure to Front Office trading and structuring
- Strong ownership of models in production, not just research
- Opportunity to work on complex exotic products across global rates markets
- Paris-based team with an international platform
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your CV and details on file so when we see similar roles or see skillsets that drive growth in organisations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your CV so you can be considered for roles that have yet to be created.
Yes, we help with CV and interview preparation. From customised support on how to optimise your CV to interview preparation and compensation negotiations, we advocate for you throughout your next career move.