Job Description

Hawksworth UK is actively seeking a highly skilled and experienced Quantitative Analyst to join a premier quantitative research team in London. This is a technical, model-focused role requiring a deep mastery of XVA (Exotic Valuation Adjustment) and high-performance C++ implementation. The successful candidate will sit within the XVACCR, Collateral, and Credit Quantitative Research group, a team dedicated to engineering innovative solutions for counterparty risk and scarce resource management.

You will be responsible for the full lifecycle of quantitative modeling—from theoretical design to production-level implementation. The role demands a robust understanding of computer science principles to ensure that complex risk engines are both accurate and computationally efficient. As a Model Quant, you will act as a critical resource for internal stakeholders, including XVA trading desks, regulatory risk departments, and collateral management teams.

Core Responsibilities

Model Development: Design and engineer advanced quantitative models for XVA pricing, Counterparty Credit Risk (CCR), and Credit derivatives.
Technical Implementation: Author high-quality, efficient C++ code to integrate these models into the firm’s global pricing and risk libraries.
Stakeholder Engagement: Collaborate with the XVA and Scarce Resources desks to provide real-time pricing and modeling support.
Regulatory Compliance: Support the Risk department with Internal and Regulatory CCR, Accounting XVA, and SIMM (Standard Initial Margin Model) requirements.
Collateral Optimization: Develop solutions for the Collateral desk regarding discounting, SIMM, and Initial Margin Value Adjustment (IMVA) with Central Counterparties (CCPs).

Key Requirements

Professional Experience: 2 to 8+ years of experience in a quantitative analyst or quantitative model role within a top-tier financial institution.
Programming Mastery: Expert-level C++ skills with a proven track record of model implementation.
Domain Expertise: Strong functional knowledge of XVA, Counterparty Risk, and Collateral.
Theoretical Background: Solid understanding of quantitative finance, stochastic calculus, and computer science fundamentals.
Education: An advanced degree (MSc or PhD) in a quantitative discipline (Mathematics, Physics, Engineering, or Computer Science).

Job Data Table

Category	Details
Company Name	Hawksworth UK
Location	London, United Kingdom
Locality	City of London (Hybrid)
Country	United Kingdom
City	London
Region	Europe
Job Type	Full-time
Salaries	£125,000+ Base (£108K–£150K range)
Experience Level	Experienced (2–8+ years)
Travel	Minimal
Language	English
Benefits	Hybrid work (3 days on-site), competitive bonus, pension

Skills & Competency Table

Key Skill	Level
C++ Implementation	Expert
XVA Modeling	Expert
Counterparty Credit Risk (CCR)	Expert
Computer Science Fundamentals	Advanced
SIMM & Collateral Analytics	Advanced
Stochastic Calculus	Advanced

Salaries Pay Calculator Table

Annual Base Salary	Bonus (Est. 20–50%)	Total Compensation	Notes
£125,000	£25,000	£150,000	Baseline for mid-level (3-4 years) XVA quants.
£140,000	£56,000	£196,000	Median for experienced VP-level specialists.
£150,000+	£75,000+	£225,000+	Upper-tier for 8+ years experience/SME level.

Job Summary

This London-based role focuses on XVA, CCR, and Collateral modeling within a specialized quantitative research team. You will use expert C++ skills to implement pricing and risk models, supporting XVA trading desks and regulatory risk departments. It requires 2-8+ years of experience and a deep understanding of financial engineering.

5 FAQs

What is the office attendance policy? The role follows a hybrid model with 3 days per week required on-site in London.
Is XVA experience mandatory? Strong XVA functional knowledge is highly preferred, as it is the core mandate of the team.
What is the primary programming language? High-performance C++ is the primary language for all implementation and modeling.
Who are the primary clients for the team? You will interact with XVA trading desks, Risk departments, and Collateral management teams.
What is the salary range? The base salary starts at £125,000, with a full range of £108,000 to £150,000 per year.

Expert Analysis

In 2026, XVA desks are the most critical profit centers for banks, managing the “cost of doing business.” For a Quant, success now requires moving beyond simple CVA into MVA (Margin Valuation Adjustment) and KVA (Capital Valuation Adjustment) . Mastering Adjoint Algorithmic Differentiation (AAD) in C++ is the ultimate edge for high-speed sensitivity calculation.

Location & Logistics Guide

The role is located in the City of London , the world’s primary hub for complex derivatives and XVA management. With a 3-day on-site requirement, employees can live within the Greater London area or the Home Counties, utilizing the Elizabeth Line or National Rail for efficient commuting to the financial district. Wikipedia URL:https://en.wikipedia.org/wiki/London

Career Path

An experienced XVA Quant typically progresses to Lead Quant , Head of Risk Methodology , or Managing Director of Quantitative Research. Given the deep technical and regulatory exposure, many also pivot into Systematic Trading or take senior roles within FinTech/Risk-as-a-Service providers specializing in margin optimization.

To apply for this job please visit talents.studysmarter.co.uk.