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Job Information
Job Opening ID
ZR_2033_JOB
Industry
Trading Operations
Job Type
Full time
Date Opened
18/04/2025
City
Cyberjaya
Country
Malaysia
At Deriv, you'll be at the forefront of ensuring the integrity and reliability of the financial models that power our extensive derivatives trading platform. As a Quantitative Analyst specialising in model validation, you'll tackle the exciting challenge of scrutinising and validating sophisticated pricing models across more than 220 derivative instruments that serve over 3 million customers generating 200+ million trades monthly. Your analytical skills will directly impact our ability to innovate rapidly while maintaining the highest standards of risk management in a fast-paced environment where new complex products are constantly in development.
On a given day, you will:
- Conduct rigorous validation of pricing model methodologies, data feeds, and markup adjustments through proprietary testing frameworks
- Design and execute experiments comparing model predictions against actual outcomes or benchmark models
- Develop and monitor performance metrics that drive risk management decisions and business growth
- Collaborate closely with the Quants team to refine model risk policies and control procedures
- Identify edge cases and potential vulnerabilities in existing models
- Translate complex quantitative findings into clear, actionable insights for business stakeholders
- Create and maintain comprehensive documentation for business continuity purposes
- Build independent validation tools that strengthen our model governance framework
You may enjoy working with us if you:
- Thrive in a fast-paced environment where innovation is constant and new challenges emerge daily
- Find satisfaction in discovering the limitations of complex systems and improving them
- Enjoy bridging the gap between theoretical models and practical business applications
- Are naturally curious and detail-oriented, with a passion for uncovering edge cases
- Value clear communication and can explain complex concepts to diverse audiences
- Appreciate being part of a team that directly influences the reliability of financial products used by millions
We would love to work with you if you:
- Possess deep understanding of derivatives pricing (e.g., Black‑Scholes, Monte Carlo, trees), including payoff structures, Greeks and calibration techniques
- Have strong mathematical foundations in probability theory, stochastic processes, numerical methods, and statistical testing
- Demonstrate expertise in Python for data manipulation, numerical computing (NumPy/SciPy), model implementation and test automation
- Are comfortable with SQL and data‑warehouse technologies for validating feed data
- Can effectively prioritise competing requests while maintaining attention to detail
- Have industry experience in derivatives pricing or model validation (though exceptional fresh graduates with strong quantitative backgrounds are also encouraged to apply)
- Bring a proactive approach to designing creative validation tests and identifying potential issues before they impact our customers
Benefits:
We pay competitive salaries based on your skills, qualifications, experience and market rates. Additionally, you'll be eligible for an annual bonus based on individual and company performance.
When you join Deriv, you will be supported in growing your career in our company. You can expect to have a personalised Learning and Development programme as well as the costs covered for relevant professional development and education related to advancing your career at Deriv.
You'll be part of our Cyberjaya office, home to 600 talented professionals driving innovation in online trading. Our purpose-built, five-storey building enhances collaboration and creativity, leveraging cutting-edge AI and no-code/low-code platforms to push boundaries. You'll join a vibrant workplace where weekly knowledge-sharing sessions, cross-functional collaborations, and cultural celebrations create an engaging atmosphere. You'll work in a stimulating, high-tech environment featuring modern conference rooms, a fully-furnished gym, and barista-made coffee, all designed to keep you motivated and inspired.
At Deriv, we merge technology, automation, and creativity to shape the future. Join our global team and help us serve over two million traders worldwide.
Our culture is unique, and we live by our values and leadership principles, so it's worth learning more about Deriv's culture.
Ready to apply your quantitative expertise to real-world financial challenges? If you're passionate about model validation and eager to contribute to a platform handling millions of trades monthly, we want to hear from you. Join us in building the mathematical foundations that enable reliable, innovative trading experiences for customers worldwide.
Deriv is an equal opportunity employer committed to diversity and inclusion. We take pride in our Great Place to Work and IIP Platinum certifications, which reflect our commitment to creating an exceptional work environment. Join us and help build the future of online trading while working alongside top talent from over 80 nationalities.