Quantitative Analyst

Job summary

The Quantitative Analyst will play a central role in supporting the analytical, modelling and research capabilities of the DMO’s Research & Analysis Team. This role offers a unique opportunity to contribute to the DMO’s core mandate by delivering high-quality quantitative analysis to support debt management policy, market operations, and strategic decision-making.

Working at the intersection of economics, finance, and statistics, the analyst will develop and maintain models related to the bond market, interest rates, and broader macroeconomic trends. The role involves designing and conducting empirical research, analysing large datasets, and producing rigorous insights to inform both internal discussions and external communications.

The successful candidate will combine strong problem-solving abilities and meticulous attention to detail with a solid grounding in coding, statistical techniques, and macroeconomic or financial modelling. They will be comfortable delivering high-quality analysis at pace when required, and will be encouraged to collaborate across teams, contribute to the DMO’s broader research agenda, and engage with senior stakeholders, including HM Treasury, by providing clear and impactful analysis.

Job description

Key Responsibilities/Accountabilities

1. Contribute to the research work that the team undertakes as part of the DMO’s annual remit advice for HM
Treasury.

2. Conduct analysis and quantitative research to help inform the DMO’s operations and policy initiatives.

3. Contribute to the forecasting work that the DMO undertakes for fiscal events on behalf of the Office for Budget Responsibility.

4. Assist in the specification and testing of enhancements to the DMO’s operational systems, analytical tools
and models, including its portfolio simulation tool, yield curve model, and pricing models.

5. Manipulate and analyse multiple datasets for the evaluation of auctions and bond syndications.

6. Respond to technical queries from external stakeholders.

Person specification

For this vacancy, we will use the Civil Service Success Profiles to assess you against the following Strengths,
Behaviours, Experience and Technical Skills:

- Technical [Lead criterion 1]: - A degree (1st or 2:1) in a numerical discipline (e.g. maths, physics, statistics, engineering, etc.) or quantitative finance as well as either a postgraduate degree in a numerical discipline or relevant work experience in an analytical role. [Lead criteria] We welcome current MSc students predicted to pass the course this academic year (2026-27). Please note you will be asked to provide evidence of this.

- Technical [Lead criterion 2]: Proficiency in one programming language ideally Python and/or Matlab, as well as MS Excel.

- Technical: Knowledge of financial markets and economics.

- Technical: Ability to manipulate and analyse complex data from a wide range of sources.

- Experience: Experience of using mathematical and statistical techniques for problem solving.

- Behaviour: Ability to communicate complex financial concepts clears to both technical and non-technical
audiences.

Qualifications

A degree (1st or 2:1) in a numerical discipline (e.g. maths, physics,
statistics, engineering, etc.) or quantitative finance as well as either a postgraduate degree in a numerical discipline or relevant work experience in an analytical role. [Lead criteria] We welcome current MSc students predicted to pass the course this academic year (2026-27). Please note you will be asked to provide evidence of this.

Behaviours

We'll assess you against these behaviours during the selection process:

• Seeing the Big Picture
• Making Effective Decisions
• Working Together
• Delivering at Pace
• Communicating and Influencing

We only ask for evidence of these behaviours on your application form:

• Communicating and Influencing

Technical skills

We'll assess you against these technical skills during the selection process:

• Proficiency in one programming language ideally Python and/or Matlab, as well as MS Excel.
• Knowledge of financial markets and economics
• Experience of using mathematical and statistical techniques for problem solving

Benefits

Alongside your salary of £45,000, UK Debt Management Office contributes £13,036 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance (opens in a new window) for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths, Experience and Technical skills.

To apply please submit a CV and provide examples against the criteria listed.

We are expecting to sift w/c 16th November with fist stage interviews taking place w/c 30th November and second stage w/c 7th December.

Candidates who are successful at the first stage of interviews will be asked to prepare a presentation for the second stage interview. The topic of the presentation will be provided prior to the interview be conducted.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window).People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window).The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see theCivil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

Apply and further information

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Kamara Ferdinand
• Email : Recruitment@dmo.gov.uk

Recruitment team

• Email : Recruitment@dmo.gov.uk

Attachments

Qunatitative Analyst job profile Opens in new window (pdf, 342kB)