Quantitative Finance Analyst
$89,800–$155,000 year
On-siteChicago, Illinois, United States or Jersey City, New Jersey, United States
Job Summary
Conduct quantitative risk modeling and analytics for market risk assessment and regulatory capital calculations, including Value at Risk and stress testing. Develop new models, analytic processes, and systems approaches while creating technical documentation and collaborating with Technology staff. Perform statistical analysis on large datasets to interpret results, verify market data and risk metrics, and support benchmarking and backtesting. Identify overages, analyze themes across global markets, and communicate findings to stakeholders and regulators. Partner with internal groups on model enhancement, performance testing, and remediation of model issues prior to live deployment.
Required Qualifications
- Master's degree in related field or equivalent work experience
- Advanced degree in quantitative fields such as Mathematics, Financial Mathematics/Engineering, Quantitative Finance, Statistics, Econometrics, Physics, computer science, or equivalent
- 2+ years of industry experience
- Programming skills, preferably in Python, or equivalent object-oriented programming
- Experience in or willingness to learn derivatives pricing and/or statistical analysis of financial data, time series information
- Shift: 1st shift (United States of America)
- Hours Per Week: 40
Desired Qualifications
- Experience in market risk models such as FRTB Standard Approach (SA), FRTB Internal Model Approach (IMA), Value at Risk (VaR), Risks Not in VaR (RNiV), and Stress Testing
- Attention to details and ability to analyze problems independently with intellectual curiosity
- Strong written and verbal communications
- Ability to deliver quality outcomes in a timely manner in a fast-paced environment
- Critical Thinking
- Quantitative Development
- Risk Analytics
- Risk Modeling
- Technical Documentation
- Adaptability
- Collaboration
- Problem Solving
- Risk Management
- Test Engineering
- Data Modeling
- Data and Trend Analysis
- Process Performance Measurement
- Research
- Written Communications
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