Description
QUANT Developer Location: NYC/50% Hybrid Base Salary: $150,000 ish B (quarterly) and full benefits Client is a Financial Risk Management firm seeking a mid-to-senior level QUANT Developers, finance and risk management professionals to support business growth in areas including: regulatory compliance, market and credit risk, derivative pricing and margining, XVA and front office change for our investment banking, hedge fund, asset management and insurance clients. Client is a demanding and rewarding environment and ultimately a great place to work. Working for a smaller company means that staff can gain a wide variety of experience and there are no artificial restrictions to the speed of career progression. Job Description: The role is as quantitative developer able to independently analyse, understand and implement derivative and risk management models for one or more asset classes (equity, FX, rates, credit). The successful candidates will be interested in working within an innovative and entrepreneurial environment, where they will be expected to be involved in all aspects of the company from pre-sales to lead project roles. In these roles, they will work with our clients to create solutions by making use of the company's expertise in finance, financial engineering and technology, support project teams with their expertise and manage other consultants. They will also have the opportunity to contribute their knowledge and experience in our sales-informed internal research activities, where we are working with academia and other technology vendors. Skills and Required Experience: A master degree in a numerate subject such as Mathematics, Financial Mathematics, Physics, Engineering Understanding of numerical methods and basic asset pricing Experience in coding, preferably C++, and/or experience in C#, Java, R, Python and Matlab are all a plus. Excellent verbal and written communication skills. Client highly values candidates who are able to bring hybrid skills and apply these in a consultancy environment. Experience or knowledge in any of the below is therefore viewed very positively: Market risk, including VaR, Backtesting, Stress testing and Expected Shortfall. Model validation (market credit, pricing or liquidity). Trading book credit risk management, calculation methodology, PFE and XVA, Liquidity risk management, regulatory reporting, margining and collateral for bilateral and cleared derivatives. Bespoke or vendor trading / risk systems validation, development or management. Production- software implementation Prior experience in investment banking, trading or asset management environment Financial regulations, such as: Basel, Dodd-Frank, MiFID and FRTB . 2 of 2 Candidates would also be expected to: Be client facing with the ability to form and present clear and concise arguments, show excellent communication skills and produce professional quality business documentation. Develop pre-sales and team leadership skills over time, with the aim of progressing towards an SME or project management position. Be self-motivated and actively seek opportunities to grow and apply knowledge both individually and across the firm. Experience: Prior investment banking experience preferred but not essential. Experience in project management and/or production software implementation would be an advantage.
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