Quantitative Analyst

The Quantitative Analyst will play a central role in supporting the analytical, modelling and research capabilities of the DMO's Research & Analysis Team.

Working at the intersection of economics, finance, and statistics, the analyst will develop and maintain models related to the bond market, interest rates, and broader macroeconomic trends.

The role involves designing and conducting empirical research, analysing large datasets, and producing rigorous insights to inform both internal discussions and external communications.

The successful candidate will combine strong problem-solving abilities and meticulous attention to detail with a solid grounding in coding, statistical techniques, and macroeconomic or financial modelling.

Key Responsibilities:

• Contribute to the research work that the team undertakes as part of the DMO's annual remit advice for HM Treasury.
• Conduct analysis and quantitative research to help inform the DMO's operations and policy initiatives.
• Contribute to the forecasting work that the DMO undertakes for fiscal events on behalf of the Office for Budget Responsibility.
• Assist in the specification and testing of enhancements to the DMO's operational systems, analytical tools and models, including its portfolio simulation tool, yield curve model, and pricing models.
• Manipulate and analyse multiple datasets for the evaluation of auctions and bond syndications.
• Respond to technical queries from external stakeholders.

Person Specification:

• A degree (1st or 2:1) in a numerical discipline (e.g. maths, physics, statistics, engineering, etc.) or quantitative finance as well as either a postgraduate degree in a numerical discipline or relevant work experience in an analytical role.
• Proficiency in one programming language ideally Python and/or Matlab, as well as MS Excel.
• Knowledge of financial markets and economics.
• Ability to manipulate and analyse complex data from a wide range of sources.
• Experience of using mathematical and statistical techniques for problem solving.
• Ability to communicate complex financial concepts clearly to both technical and non-technical audiences.

Benefits:

• Salary of £45,000 - £55,000 per year
• UK Debt Management Office contributes £13,036 towards being a member of the Civil Service Defined Benefit Pension scheme
• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%