Quantitative Developer - Commodities

Senior Quant Developer - Commodities

Client: Leading Global Investment Bank

Location: London, Hybrid

Contract: 12 months extendable (Long term position)

About the Company

Our client is a major global financial institution with a strong presence across investment banking, commodities trading, and quantitative research. The organisation is known for its disciplined risk culture, high‑performance technology infrastructure, and commitment to innovation. Operating on integrated trading floors across key financial hubs, the firm fosters close collaboration between trading, sales, quants and technology teams to support complex derivatives businesses and cutting‑edge quantitative development.

Job Description The Commodities Quantitative Analytics team is seeking a highly experienced Senior Quant Developer to support and enhance the front‑office commodities business, primarily across energy and metals markets.

The role focuses on building, optimising and maintaining the C++ quantitative library used for pricing, analytics and modelling across both linear and non‑linear derivatives. The successful candidate will work closely with traders, structurers, IT and other front‑office teams directly on the trading floor, delivering pragmatic, production‑ready quantitative solutions under time‑critical conditions.

This position requires a hands‑on quant who is comfortable working under pressure, able to communicate clearly with non‑quants, and capable of producing robust, transparent and well‑documented code.

Key Responsibilities:

• Develop, extend and maintain the front‑office C++ quant library used for pricing and risk across commodities products.
• Design and implement models for energy, natural gas, power, carbon emissions, base metals, precious metals, and related derivatives.
• Contribute to the build‑out of a new Monte Carlo framework and advanced spread options modelling capabilities.
• Work closely with traders, sales, structuring and IT to deliver robust, transparent and production‑ready quantitative tools.
• Produce high‑quality C++ code suitable for real‑time production environments and manage urgent fixes when issues arise.
• Ensure models accurately reflect the characteristics and dynamics of commodities markets, including differences between OTC and listed products.
• Participate in cross‑functional discussions and communicate quantitative results and methodologies clearly.

Ideal Qualifications

• 10+ years quantitative development experience within front‑office environments (investment banks or hedge funds).
• Strong C++ development expertise with experience building high‑performance quantitative libraries.
• Deep understanding of commodities markets is highly desirable, particularly energy and metals; open to other asset class experience if there is a strong interest in a move to commodities.
• Knowledge of derivatives, including linear and non‑linear products, curves, strippers and volatility modelling.
• Ability to work pragmatically under pressure and deliver fast, reliable solutions to production issues.
• Engineering degree and a Master's in quantitative finance, financial engineering or a related discipline.
• Cross‑asset experience and a clear interest in commodities modelling, with the curiosity and adaptability to work across new products.