Quantitative Analyst

Team/Role Overview

The Markets Quantitative Analysis Department (MQA), a division of Global Markets, develops and delivers analytical models for pricing securities and managing risk across the Markets’ businesses. This encompasses everything from mathematical research and model derivation to coding, testing, documentation for formal validation, and final delivery to trading desks and technology systems.

The MQA Centre of Excellence in Budapest is crucial for developing core tools, processes, and analytics, excelling in current global financial technologies. We actively integrate and leverage advanced AI tools into our daily workflows to drive innovation, enhance efficiency, and unlock deeper insights.

Within the MQA Centre of Excellence, Quantitative Analysts partner with global teams to solve complex, real-life financial mathematics problems through proficient coding (e.g., in C++ and Python), with the support of quant developers, to meet current and future business demands.

What you will do

Build and develop pricing models, hedging and trading strategies

Develop and maintain the in-house C++ and Python pricing libraries

Advance the quantitative toolbox by developing new technologies, algorithms and numerical techniques

Contribute to the general efficiency improvement and optimization of the analytical libraries

Work on Business-driven, Regulatory and Governance based projects across a range of the asset classes. Communicate across various divisions e.g. Trading, Technology and Risk Management

Collaborate with Quant Developer and IT teams to integrate analytic libraries

What we need from you

Excellent verbal and written English

PhD / MSc in Mathematics, Physics, Engineering, Finance, Economics, Computer Science, or similar

Previous experience working with quantitative models is an advantage

Understanding of financial markets theory and practice

Good command of Python programming language; C++ is an advantage

Ability to work in a team and to work well under pressure in a Front Office environment

Outstanding analytical and problem-solving skills, thorough and detailed approach to accuracy

What we can offer you

By joining Citi Hungary, you will not only be part of a business casual workplace with a hybrid working model (up to 2 days working at home per week), but also receive a competitive compensation package and enjoy a whole host of additional benefits that support you (and your family) to be well, live well and save well:

Cafeteria Program

Home Office Allowance (for colleagues working in hybrid work models)

Paid Parental Leave Program (maternity and paternity leave)

Private Medical Care Program and onsite medical rooms at our offices

Pension Plan Contribution to voluntary pension fund

Group Life Insurance

Employee Assistance Program

Access to a wide variety of learning and development programs, online course libraries and upskilling platforms, such as Udemy and Degreed

Flexible work arrangements to support you in managing work - life balance

Career progression opportunities across geographies and business lines

Socially active employee communities with diverse networking

opportunities

Alongside these benefits Citi is committed to ensuring our workplace is where everyone feels comfortable coming to work as their whole self every day.  We want the best talent around the world to be energized to join us, motivated to stay, and empowered to thrive.

Sounds like Citi has everything you need? Then apply to discover the true extent of your capabilities.

Job Family Group

Institutional Trading

Job Family

Quantitative Analysis

Time Type

Full time

Primary Location Full Time Salary Range

Ft14,750,000.00 - Ft19,200,000.00

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

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