The Top 7 Places Where Quantitative Analysts Work in Poland Today
Up until the late 2000s there were hardly any quantitative analysts working in Poland. The role has certainly gained in popularity since the opening of international capital markets across Central Eastern Europe. Some call them the Rockstars of Wall Street. Others call them financial mathematicians. In Poland they are widely known as Quantitative Analysts. They work with and model equities, fixed income, risk, ESG, and other financial instruments.
In Poland there were a handful of equities analysts who also worked as quantitative analysts (or quants) back at the end of the 2000s. There was a certain fund called Arka with a team located in Poznan. The returns that clients received were impressive. They were mainly returns from Polish bonds and equities. Today there is a small team located in Poznan and Warsaw at Santander TFI that continue the legacy.
There were investment banks located in Poland from the 1990s. Some of them appeared as early as 1991 when the Polish Stock Exchange was reopened. But to say that the role of a quant was popular before 2015 would not be true.
The Shared Services recruiting Capital Markets specialists in Poland
By 2012 companies like RBS (today NatWest), Citi, UBS, Credit Suisse, and HSBC had already started some sort of shared service operations in Poland. At this stage they were mainly looking for people to help with processes such as KYC or accounting. It was really only in 2015 that the role of quant came onto the radar. HSBC advertised the first roles in April of 2015. Credit Suisse started earlier, but it was still a challenge. The roles at HSBC were to be based out of Krakow, Credit Suisse was sourcing for Wroclaw. But most quants were in Warsaw and a handful in Poznan at this stage.
Franklin Templeton had worked this out early on. Locating their service centre in Poznan back in 2007. Today the landscape has evolved. Other players have entered the Polish market and some, like Credit Suisse, have been absorbed by others.
The List, Location and Description of Individual Companies
Companies Employing more than 80 Quants in Poland:
HSBC, Krakow
Independent Model Review, Credit Risk Models, Quantitative Risk & Valuation, Product Control, Market Risk, Stress Testing are some of the roles that quants cover here. HSBC is one of the largest employers in Krakow today and has focused its teams in Poland’s second city.
UBS, Wroclaw, and Krakow
Climate Risk Model Developers, Stress Testing Risk Models, Scenario Data, US Mortgage Models, Model Validation are some of the roles that quants cover here. The Credit Suisse quant teams from Wroclaw are in the process of transferring to UBS which already had an office in Wroclaw.
ING Hubs, Katowice, and Warsaw
Credit Risk Modelling Specialists, Market Risk Specialists, Model Validation, these are some of the roles that quants are sourced for at ING Hubs. The centre is part of the global ING group, for which it provides comprehensive IT and operational services.
BNY Mellon, Wroclaw
Enterprise Risk Models, Stress Testing, Data Management, Market Risk are some of the roles that quants work on at BNY. The financial institution has been growing its presence in Wroclaw for over 5 years now.
Citi, Warsaw
Credit Risk Rating Analytics, Counterparty Credit Modelling, Stress Testing, Quantitative Treasury, Model Calibration are some of the roles that quants cover here. Citi is one of the oldest centres in Poland. There is also an office in Budapest, Hungary where Citi hires similar roles.
NatWest Group, Warsaw
Credit Counterparty Risk Models, Model Validation, Market Risk are some of the works that quants do at NatWest Group in Warsaw. Previously known as ABN Amro and then RBS, NatWest Group is a British bank today.
State Street, Krakow, and Gdansk.
Sometimes mentioned online as State Street Global Advisors, but State Street is one of the largest asset managers in the world and has also got divisions like Charles River Associates. Quants here work on projects such as Model Validation, Market Risk, and generally tasks related to fund performance for hedge funds.
Companies Employing Less than 100 Quants in Poland:
PwC, Gdansk
Nordea, Gdansk
OANDA, Krakow
Superfund Technologies, Krakow
Chatham Financial, Krakow
IG Group, Krakow
Syberry, Krakow
Commerzbank, Lodz
Franklin Templeton, Poznan
JP Morgan, Warsaw
Goldman Sachs, Warsaw
Standard Chartered, Warsaw
Allianz Group, Wroclaw
CRISIL, Wroclaw
Innocap, Wroclaw
Who are the Recruitment Firms looking for Quants in Poland today?
When Credit Suisse posted it’s first quant vacancy in 2012 the market in Poland wasn’t ready. Michael Page and a few of the top executive search firms might have had a clue as to what this new demand was. But even the seasoned pros were taken by surprise.
Over the last 12 years many companies have tried to help the financial institutions looking for quants in Poland. Hays has had some successes; HRK has tried too. Devire, Antal, and a handful of others have tried too.
From 2015 there has been one recruitment business in Poland that has stood out. Verita HR has almost continually been recruiting quants for a total of 9 years. At least 60 quants have been deployed to financial institutions in Poland by the Warsaw and Krakow based recruitment company.
Find out how Klaudia Archimowicz and the HR Project Co-ordinators at Verita HR do it. Find out how they communicate with quants. What they send them to help them know more about the quant market in Poland. And most importantly, why Verita HR is the best positioned recruitment business to help your financial institution source quants in Poland today.
#QuantitativeAnalysts #Poland #FinancialInstitutions #Recruitment #VeritaHR #Quants
Disclaimer: Data was collated with the assistance of LinkedIn and all details were correct as of day of publishing.
Content at Verita HR News is brought to you in collaboration with the editorial team at Magazyn Rekruter. Magazyn Rekruter, a brand within Verita HR Group in Poland, is the longest standing recruitment and human resources industry magazine in Central Eastern Europe. The first issue was published in March 2010. Find out more at: Portal Branży HR i Biznesu (magazynrekruter.pl)
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