Quantitative Financial Engineer, Parameta Solutions

The TP ICAP Group is a world leading provider of market infrastructure. Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions. Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world's leading provider of OTC data, and an award winning all-to-all trading platform. Founded in London in 1866, the Group operates from more than 60 offices in 27 countries.

We are 5,200 people strong. We work as one to achieve our vision of being the world's most trusted, innovative, liquidity and data solutions specialist. Parameta SolutionsParameta Solutions is the Data & Analytics division of TP ICAP Group.

The business provides clients with unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmark and indices, and pre and post-trade analytics. Its post-trade solutions offering helps market participants control their counterparty and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services. The Data & Analytics division includes the following brands: Tullett Prebon Information, PVM Data Services, ICAP Information and Burton-Taylor Consulting.

Role OverviewThe Quantitative Financial Engineer within the Parameta Solutions Risk Team is a highly dynamic role focused on developing innovative risk data solutions that align with client needs and company strategy. This role is unique as it spans the entire product lifecycle, requiring close collaboration with product managers, developers, data scientists, and quantitative analysts to drive product development, strategy, and market adoption. The ideal candidate will bring strong expertise in financial instruments and OTC markets, hands-on quantitative skills, and technical proficiency to support product innovation.

This is a strategic, cross-functional role that bridges product, analytics, and engineering, making it an excellent opportunity for someone passionate about risk solutions in financial markets. Role ResponsibilitiesProduct Development & StrategySupport the Head of Risk Data Products and Senior Product Managers in designing risk and valuation solutions following Parameta Solutions' Go-to-Market methodology. Take ownership of validated product ideas, defining their commercial strategy, technical requirements, and operational workflows.

Collaborate with internal and external stakeholders to ensure timely execution of product roadmaps. Work closely with the Quantitative and Data Science teams within Parameta Solutions and TP ICAP Group to build and enhance best-in-class risk products. Product Innovation & EnhancementDrive the onboarding of new financial instruments and data sets into existing risk products.

Research and suggest new product ideas, conducting feasibility studies and proof of concepts (PoCs). Perform and supervise testing and validation of risk models, ensuring alignment with market conventions. Support the design and implementation of cross-asset risk solutions, integrating new methodologies where applicable.

Technical & Data AnalysisUtilize Python, SQL, and database management skills to extract and analyse data for risk product development. Work with Numerix and other third-party analytics tools to refine risk model outputs. Assess pricing model output both qualitatively and quantitatively, identifying necessary adjustments and enhancements.

Stakeholder Collaboration & CommunicationServe as a bridge between technical teams and commercial functions, articulating complex risk concepts in a clear, actionable manner. Prepare and deliver presentations for internal stakeholders and clients, ensuring alignment on product capabilities and benefits. Maintain comprehensive documentation on products, processes, and enhancements.

Train and support operations teams and sales teams on new product implementations. Experience / CompetencesEssentialMaster's degree in Mathematics, Physics, Engineering, Quantitative Finance, or a related technical field. Cross-asset derivatives and market risk expertise, with deep understanding of OTC markets.

Proven working knowledge of derivative pricing models, including vanilla & exotic options pricing. Market conventions for bespoke valuation & hedging strategies. Experience assessing and validating risk model outputs, including necessary adjustments.

Product management experience: Demonstrated ability to manage the full product lifecycle (from idea to market launch). Technical proficiency in Python and SQL for data extraction and analysis. Technical proficiency with Numerix and other risk analytics platforms.

Microsoft Excel, Word, PowerPoint, and other presentation tools. Demonstrated communication skills, with ability to translate technical concepts for both technical and non-technical stakeholders. Ability to work across multiple teams and functions in a fast-paced, complex environment.

DesiredExperience in strategic alignment of risk products with business objectives. Exposure to machine learning or data science applications in financial risk. C development experience (a plus, but not required).

Experience integrating third-party risk solutions into proprietary platforms. Familiarity with real-time risk monitoring systems and how they impact trading workflows. Knowledge of electronic and algorithmic trading risks.

Experience with cloud-based financial data platforms. Role Band & Level:Professional / 5#PARAMETA #LI-Hybrid #LI-MIDNot The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply.

You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities.

Your potential is what truly matters to us. Company StatementWe know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute.

TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. LocationPhilippines - A.T. Yuchengco Centre - Taguig City