Quantitative Developer/Analyst, Weather & Energy - Job Opportunity at Swiss Re

London, United Kingdom
Full-time
Mid-level
Posted: May 22, 2025
Hybrid
GBP 70,000 - 90,000 per year based on London market rates for quantitative developers with similar experience requirements

Benefits

Hybrid work model with 3 days office presence
Global work environment with international exposure
Career development in quantitative finance
Work-life balance through flexible scheduling
Industry-leading professional development opportunities

Key Responsibilities

Develop and maintain IT infrastructure for derivative contract pricing and valuation
Lead portfolio steering and product development initiatives
Drive risk analysis and governance implementations
Collaborate with stakeholders to develop technical solutions
Manage reporting and KPI tracking systems

Requirements

Education

Master's degree in a quantitative science (data, computer, engineering, mathematics incl. statistics, economics)

Experience

3 years object-oriented programming experience

Required Skills

Python R C++ SQL (PostgreSQL) Oracle SQL Servers Windows and Linux/Unix environments Shell scripting Windows PowerShell Excel English communication Statistical analysis Large dataset processing
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Sauge AI Market Intelligence

Industry Trends

Integration of climate risk analytics with traditional financial instruments is driving demand for quantitative professionals who can bridge weather data and financial modeling Growing emphasis on ESG and climate-related financial products is creating new opportunities in weather derivatives Increased adoption of cloud computing and big data analytics in climate risk assessment is reshaping technical requirements

Role Significance

Typically part of a specialized team of 5-8 quantitative professionals within a larger risk management department
Mid-level position with significant technical responsibility and potential for growth into senior quantitative roles

Key Projects

Development of weather derivative pricing models Implementation of risk assessment frameworks Creation of automated trading and risk management systems Integration of climate data analytics with financial modeling platforms

Success Factors

Strong foundation in both financial mathematics and software development Ability to bridge technical implementation with business requirements Experience with large-scale data processing and analysis Understanding of weather and energy market dynamics

Market Demand

High demand with growing trajectory due to increased focus on climate risk management in financial markets and expanding weather derivatives market

Important Skills

Critical Skills

Programming skills (Python, R, C++) are essential for developing and maintaining complex pricing models Database expertise is crucial for handling large-scale weather and market data Statistical analysis capabilities are fundamental for risk assessment and model development

Beneficial Skills

Cloud computing experience provides advantage in handling distributed computing needs Knowledge of weather and energy markets enhances ability to understand business context Experience with financial derivatives adds value to product development

Unique Aspects

Rare combination of weather risk analysis and financial engineering
Direct exposure to emerging climate finance markets
Opportunity to work with cutting-edge weather risk modeling techniques

Career Growth

2-3 years in role before advancement opportunity, with potential fast-track based on performance and market conditions

Potential Next Roles

Senior Quantitative Developer Quantitative Trading Manager Head of Weather Derivatives Risk Analytics Director

Company Overview

Swiss Re

Swiss Re is a global leader in reinsurance and insurance-based risk transfer, with particular strength in innovative financial solutions for climate and energy risks

Top-tier reinsurance provider with significant market share in weather and energy derivatives
London office serves as a key hub for European operations with strong connection to global markets
Professional environment emphasizing technical excellence and innovation, with strong support for professional development and work-life balance
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