Senior Quantitative Developer

3 weeks ago


Jersey City, United States Vision Achievement Full time

Our client is a major player in the securities clearing infrastructure and advances industry-leading solutions that help secure and shape the future growth and development of the global financial marketplace. Standing at the center of global trading activity, they currently process trillions of dollars of securities transactions every day.

Based on recent changes in the regulations for Gap Risk and Value at Risk (VaR) methodologies, they have a contract position open for a senior quantitative developer in Jersey City. The role will be hourly paid on a W2 contractor basis. The contract may be extended depending on performance.

If you have the following essentials, then read on: 

  • Master's degree in a quantitative discipline
  • Five years + of experience in financial market risk management and quantitative modeling
  • Hands-on experience developing complex financial models
  • Strong knowledge of equity production, particularly with exchange-traded funds (ETFs) 
  • Proficiency with SQL; with knowledge of at least one high-level language such as R, Python, or Matlab

Job Summary:

Research and prototype risk model for newly issued exchange-traded funds (ETFs)
Extend the scope for the Hybrid VaR as a benchmark for existing VaR methodology
Assist in the National Securities Clearing Corp (NSCC) Mark to Market (MTM) passthrough effort
Facilitate specification of models and communicate with stakeholders such as Market Risk, and Risk Technology teams

Qualifications:

  • Master's degree in a quantitative discipline
  • Five years + of experience in financial market risk management and quantitative modeling
  • Hands-on experience developing complex financial models
  • Strong knowledge of equity production, particularly with exchange-traded funds (ETFs)
  • Proficiency with SQL; with knowledge of at least one high-level language such as R, Python, or Matlab
  • Ability to operate in a dynamic and highly evolving marketplace
  • Work collaboratively with in-house teams to manage risk, create efficiencies and reduce costs
  • Be able to contribute effectively and positively with a diverse workforce that is focused only on success within the organization 

Make a Difference:

Our client delivers resiliency, value, and expertise to its clients. They were built in partnership with the industry to provide stability and efficiency in the global capital markets. With a focus on exceptional service, they promise to advance solutions and next-level innovation.

NOTE: If you are an emerging talent in the quantitative modeling of risk in securities clearing and don't quite meet the five essential skills/experiences today, please submit your resume anyway as we expect additional roles to open in the future. 



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