Job Description

Role Overview

Hawksworth is recruiting an Associate-level Quantitative Analyst for a leading quantitative research group in Central London. This role is tailored for an experienced professional with at least two years of tenure in the quantitative space, specifically focusing on XVA (Exotic Valuation Adjustments), Counterparty Credit Risk (CCR), and Collateral modeling. You will be part of a team that develops high-performance mathematical engines and innovative tools to manage the firm’s complex risk landscape.

The position offers a hybrid working structure, requiring three days on-site in Central London. As an Associate, you will operate at the intersection of financial engineering and high-end software development, sitting within the XVACCR, Collateral & Credit Quantitative Research unit. Your work will directly support high-stakes functions across Trading, Risk Management (RPC), and IT, ensuring the firm’s risk frameworks remain robust and regulation-compliant.

Key Responsibilities

Collateral Analytics: Engineer and implement pricing models and analytical tools for collateral management, with a focus on SIMM (Standard Initial Margin Model) and IMVA-CCP.
XVA Modelling: Design and maintain sophisticated mathematical tools and pricing models tailored for XVA-linked trading and risk activities.
Technical Implementation: Convert complex quantitative models into efficient, production-ready code, primarily using C++ and SQL.
Strategic Collaboration: Provide direct quantitative support and interact regularly with internal partners in Trading, IT, and Risk (RPC).
Numerical Research: Apply advanced numerical methods, including Monte Carlo simulations and optimization algorithms, to solve intricate valuation problems.
Process Enhancement: Contribute to the continuous refinement of quantitative research methodologies and the development of next-generation risk solutions.

Experience & Skills

Professional Background: Minimum of 2 years of experience as a Quantitative Analyst, ideally in a Front Office capacity (XVA, FX, or Equities).
Programming Mastery: High-level proficiency in C++ and SQL; Additional experience in C#, VBA, XML, or XSLT is beneficial.
Analytical Foundation: Deep understanding of numerical methods such as Monte Carlo simulations and sophisticated optimization algorithms.
Technical Versatility: Strong implementation skills with a primary focus on quantitative modeling rather than pure software development.
Educational Excellence: A robust academic background in a relevant quantitative discipline (Mathematics, Physics, or Financial Engineering).
Innovation Mindset: Exposure to machine learning applications in finance is considered highly advantageous for this role.

Job Data Table

Category	Details
Company Name	Hawksworth
Location	London, United Kingdom
Locality	Central London (Hybrid)
Country	United Kingdom
City	London
Region	Europe
Job Type	Full-time / Permanent
Salaries	Up to £110,000 + Bonus + Package
Experience Level	Associate (2+ Years)
Travel	Minimal
Language	English
Benefits	Hybrid work (3 days in-office), Bonus, Comprehensive Package

Skills & Competency Table

Key Skill	Level
C++ Programming	Expert
XVA / CCR Modeling	Expert
Monte Carlo Simulations	Advanced
SQL & Data Management	Advanced
Collateral (SIMM / IMVA)	Advanced
Machine Learning (Finance)	Intermediate (Advantageous)

Salaries Pay Calculator Table

Annual Base Salary	Bonus (Est. 20-40%)	Total Compensation	Notes
£90,000	£18,000	£108,000	Baseline for Associate level (2 yrs exp).
£100,000	£30,000	£130,000	Median for XVA specialist in London.
£110,000	£44,000+	£154,000+	Upper-tier for strong C++/Front Office background.

Job Summary

This Associate-level Quant role in Central London focuses on XVA, CCR, and Collateral modeling. You will build and implement pricing tools and risk models using C++ and SQL. Requires 2+ years of experience, strong numerical analysis skills (Monte Carlo), and a hybrid commitment of 3 days per week in-office.

5 FAQs

What is the hybrid working policy? The role requires 3 days in the Central London office and allows for 2 days working from home.
Is this a development or a research role? While strong implementation skills are required, the role is weighted more towards quantitative modeling than pure software development.
What specific XVA topics will I handle? You will work on XVA-linked activity, IMVA-CCP, SIMM, and Counterparty Credit Risk.
Is machine learning required? It is not mandatory, but exposure to machine learning in a financial context is considered a significant advantage.
What programming languages are essential? C++ and SQL are the primary requirements, with C#, VBA, and XML listed as secondary.

Expert Analysis

In 2026, XVA optimization has shifted towards MVA (Margin Valuation Adjustment) due to tightening capital rules. This Associate role is critical because banks are now integrating Adjoint Algorithmic Differentiation (AAD) to speed up XVA sensitivities. Mastery of C++ for these high-speed calculations is the ultimate career-making skill in today’s market.

Location & Logistics Guide

The role is based in Central London, the epicenter of the UK’s financial services industry. Working hybrid (3 days in-office) allows for professional networking in the Square Mile while providing work-life balance. Central London offers world-class transit connectivity via the Elizabeth Line and major Underground hubs. Wikipedia URL:https://en.wikipedia.org/wiki/London

Career Path

An Associate XVA Quant typically progresses to Senior Quantitative Analyst or VP of Risk Methodology . With deep exposure to Front Office trading and IT, this path often leads to Lead Quant Portfolio Manager roles or Head of Quantitative Research at a major investment bank or hedge fund.

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