Senior Data Scientist, Wise
Quantitative Researcher, Markets and Foreign Exchange
ÂŁ85-115k
1-5 days a week in office
Money without borders
Job no longer available
Money without borders
1001+ employees
Job no longer available
ÂŁ85-115k
1-5 days a week in office
1001+ employees
Company mission
We’re on a mission. And it’s money without borders. Instant, convenient, transparent and — eventually — free.
Role
Who you are
- Strong Python knowledge. Ability to read through code, especially Java. Demonstrable experience collaborating with engineers
- Strong knowledge in at least a few of the following areas: statistics, machine learning, linear algebra, optimisation
- A good understanding of FX market fundamentals and risk management methods and techniques, including VaR/sVAR, EVT/ES, PFE, XFA and Monte Carlo methods
- A strong product mindset with the ability to work in a cross-functional and cross-team environment
- Good communication skills and ability to get the point across to non-technical individuals
- Strong problem solving skills with the ability to help refine problem statements and figure out how to solve them
Desirable
- Experience in interest rate and cashflow modelling, derivatives pricing (including exotic options), behavioural models
- Real FX trading experience (especially with algorithms)
- Experience with building and maintaining backtesting engines and quantifying backtesting output using standard industry metrics (e.g. Sharpe, Sortino)
What the job involves
- We are seeking a talented Markets Data Scientist (Quantitative researcher) with expertise in FX risk modelling to join our dynamic Treasury team.
- This role focuses on driving our FX risk and pricing models and optimising their impact on our trading strategies
- As part of the team, you’ll be at the forefront of designing, implementing, and refining models that manage foreign exchange (FX) risk, optimising the effectiveness of hedging strategies, supporting pricing, and influencing decision-making processes across the organisation.
- Your mission is to help us assess and manage our risks in real time, and help us keep lowering our prices and keep our market risk capital requirements scalable
- FX Risk modelling and analysis
- Develop and maintain advanced FX risk models, leveraging cutting-edge quantitative techniques to assess and manage FX risks (scenario modelling, stress testing, BAU risk metrics)
- Perform back-testing and calibration of models to ensure accuracy, robustness, and regulatory compliance
- Collaborate with engineering teams to implement models within the risk and trading platforms, ensuring scalability and operational efficiency
- Develop bespoke models and analyses in preparation for market stress events and new product launches
- Customer-centric insights
- Conduct in-depth quantitative analysis to support pricing strategies and deliver insights on FX impacts on customer portfolios and products
- Model customer behaviour under various FX and market scenarios, informing decisions that maximise customer value and minimise risk
- Proactively monitor and assess the customer impact of FX fluctuations, recommending risk mitigation strategies that align with customer needs and regulatory standards
- Collaborative strategy development
- Work closely with FX dealers to integrate model findings into real-time risk management and FX hedging strategies underpinned by customer behaviour models across a multi-region portfolio of products and currencies, including many exotics
- Partner with product and operational teams to translate complex FX risk scenarios into actionable insights for customer-focused solutions
- Document and present model results and risk assessments to senior stakeholders, controllers and the Risk team (the second line of defence). Explain complex concepts and propose strategies that align with the company’s risk appetite and business objectives
Salary benchmarks
Our take
Wise started when the two founders realised they would be better off trading Estonian kroons for British pounds (and vice versa) between themselves rather than going through banks. That was back in 2011, and they've since grown Wise into one of Europe's most successful tech businesses, exchanging billions of currency every month.
Wise rapidly grew by solving a significant problem for customers, who lost too much money to banks when exchanging currency. They've attracted investment from some of the best investors in the world, from Andreesen Horowitz to Index Ventures and even Richard Branson.
The challenge for Wise will be maintaining their edge and brand power in a market that's becoming increasingly crowded with new entrants (like Revolut and Monzo) and incumbents (traditional banks) trying to catch up. To do so, the company is ramping up its digital and marketing strategies, as well as pushing for further development of its existing products.
Freddie
Company Specialist at Welcome to the Jungle
Insights
38% employee growth in 12 months
Company
Employee endorsements
Flexible working
"I'm trusted to do my work regardless of whether I'm in the office or working from my spare room. Our mobile wiser scheme gives us the opportunity to..."
Funding (last 2 of 7 rounds)
Nov 2017
$280m
SERIES E
May 2016
$25.7m
SERIES D
Total funding: $396.1m
Company benefits
- Medical Insurance
- Health and Wellbeing Discounts
- 25 days holiday (excl. bank holidays) + 3 Me Days
- RSUs (Restricted Stock Units)
- 6 Week Paid Sabbatical
- Mobile Wiser - work remote for up to 90 days a year 🛫
- Parental Leave
- Pension and Retirement Plans
- Plus Many More!
Company values
- This isn’t just a job, we’re a revolution
- We get it done
- Customers > team > ego
- No drama. Good karma.
Company HQ
London, UK
Articles
Leadership
Taavet Hinrikus
(Chairman)Previously Director of Strategy for Skype.
Kristo Käärmann
(CEO)Previously a Consultant at PwC and Manager at Deloitte.
People progressing
Joined as Banking Lead, promoted to Head of Banking after 2 years, then again to Global Head of Banking.
Diversity, Equity & Inclusion at Wise
- Communities and safe spaces (Employee Resource Groups) – led by our Wisers so people can share experiences and information, support each other and connect on shared values
- Wise Cultural Calendar – a programme to learn and celebrate the wide range of cultures, traditions, backgrounds, and global experiences we have here at Wise. Example programmes include Pride Summer and Black History Month
- Our teams continue to set and drive their own bespoke objectives, holding themselves accountable and making sure they focus efforts where they can have the most impact
- We’re excited to partner with InChorus to collect ongoing data on our culture and enable teams to track their progress
- DEI development and training — We’re building our capability and getting everyone on the same page about DEI. Our new training programme will help new joiners and all Wisers know what DEI looks like day-to-day and how they can play their part
- Global policy review — We’re working with an external advisor to provide detailed feedback on best practices in policies by end January
- Disability inclusion – We’re building resources and support for Wisers and candidates with disabilities. Our goals is to offer practical information and support to ensure that Wise remains an inclusive environment for those impacted by a disability
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