FX

Overview

Ph.D. Search and Selection are experts at the discreet hiring of FX (foreign exchange, treasury, money markets) staff at AVP/Associate Director to Managing Director level.  You will be a specialist in either

Regardless of grade only candidates who have experience at a major investment bank, market maker, broker asset manager or hedge fund will be considered.  In this section, you will find the necessary requirements that need to be fulfilled for each respective area:

Traders

We look for traders who have a demonstrable profitable 2+ year trading track record in either:

• Cash FX
• High Frequency Trading
• Volatility Trading
• FX Derivatives (Exchange linked or OTC)
• Futures and Options
• Statistical Arbitrage Trading
• Structured Products

Candidates should have a strong view on the market and why their trading techniques have been and will remain to be profitable.  Our clients have a combination of payment structures varying from base + bonus to base + % of profit to pure %.  We work for both the buy side and sell side.

All applications are treated with utmost discretion and confidentiality, we have opportunities in UK, Europe, Switzerland, Hong Kong, Singapore, Japan and New York.

To apply for trading roles please contact: traders@phdit.com   

Quants

You will be a PhD in mathematics, engineering, physics or economics with a strong background in dealing with large data sets and calculating past trends, current trends and forecasting future trends.  We look for people who have:

Technical Skills (at least 2 of the following)

S+	C++	Perl	Java	Fortan
R	Matlab	VBA/Excel	C#	Python

Modelling Skills (at least 5 of the following)

Asymptotic analysis	Girsanov's theorem	Log-normal distribution	Value at risk	Put–call parity (Arbitrage relationships for options)
Calculus	Itô's lemma	Quantile functions	Volatility	Intrinsic value, Time value
Copulas	Martingale representation theorem	Heat equation	ARCH model	Moneyness
Differential equations	Mathematical models	Radon–Nikodym derivative	GARCH model	Pricing models
Expected value	Numerical analysis	Log-normal distribution	Derivatives pricing	Black–Scholes model
Ergodic theory	Girsanov's theorem	Lévy process	The Brownian Motion Model of Financial Markets	Black model
Asymptotic analysis	Itô's lemma	Stochastic differential equations	Rational pricing assumptions	Binomial options model
Calculus	Partial differential equations	Stochastic volatility	Risk neutral valuation	Monte Carlo option model
Feynman–Kac formula	Probability	Numerical partial differential equations	Arbitrage-free pricing	Implied volatility, Volatility smile
Fourier transform	Probability distributions	Crank–Nicolson method	Futures contract pricing	SABR Volatility Model
Gaussian copulas	Binomial distribution	Finite difference method	ARCH model	Markov Switching Multifractal

We recruit 3 types of quants for FX. 

Desk Quants: these are predominantly suited to people who have the ability to work in a high pressure trading environment using mathematical and risk library models to price instruments for clients.

Library Quants: these are predominantly suited to people who like to test theories and have the time to run various simulations before publishing them to the library.

Risk Quants: these are predominantly suited to people who like to validate the market and credit risk possibilities of live trades. 

We recruit at all levels from junior AVP to MD’s.  You will have 2+ years experience within a major investment bank, market maker, broker asset manager or hedge fund.  .  You will be seeking to work with, contribute and learn from industry experts as you build your investment banking career.  All applications are treated with utmost discretion and we have opportunities in UK, Europe, Switzerland, Hong Kong, Singapore, Japan and New York.

To apply for quant roles please contact: quants@phdit.com   

Risk

We are looking for all levels of market and credit risk experts and occasionally operational risk. 

We recruit for FX experts in:

• Market Risk Analysts
• Credit Risk Analysts
• Risk Portfolio Analysts
• Risk change consultants
• Regulatory Risk

Our candidates should have expertise in at least 2 of the following risk principles

• VaR (value at risk)
• Liquidity,
• Counterparty,
• Volatility Risk
• Cost of funding trades, cost of re-financing trades
• CVA (credit valuation adjustments)
• PD (probability of default),
• LAD (Loss at Default),
• EAD (Exposure at default)

We have roles at major investment banks, market makers, brokers, asset managers, hedge funds and management consultancies. 

You will be seeking to work with, contribute and learn from industry experts as you build your investment banking career.  All applications are treated with utmost discretion and we have opportunities in UK, Europe, Switzerland, Hong Kong, Singapore, Japan and New York.

To apply for risk roles please contact: risk@phdit.com    

IT

We have roles at major investment banks, market makers, brokers, asset managers, hedge funds and management consultancies.    You will be a technical expert within FX front middle or back office in any of the following categories:

• Global Head
• Department Head
• Senior developer
• Development team leader,
• Infrastructure expert
• Database specialist
• IT architect
• Hands on project manager
• Senior business analyst

In all cases we look for all developers/team leaders/architects/infrastructure candidates to have expert hands on experience of at least of the following.

Development Skills

• Java (server side, multi threaded, J2SE, Swing)
• C++ (STL, Boost, multi-threaded)
• C# (3.0, 4.0, winforms, .Net)

Middleware

• CORBA
• Tibco
• Java
• C++

Databases

• Oracle
• Sybase
• SQL

Infrastructure

• Unix
• Linux
• Windows
• Networks
• Datacentres

We expect all department heads, BA’s and project managers do have a deep understanding of design, architecture and implementation using a combination of all the above technology. We will also expect that candidates have a hybrid skill-set where the can work on the design, implementation and support of the systems they develop. 

You will have 4+ years experience within a major investment bank, market maker, broker, asset manager or hedge fund.  In your career to date you will have designed trading systems that have added significant demonstrable value to the business in terms of capacity, latency, STP, complexity and globalisation. 

All candidate applications are treated with utmost discretion and we have opportunities in UK, Europe, Switzerland, Hong Kong, Singapore, Japan and New York.

To apply please contact: it@phdit.com   

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