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Senior Quantitative Analyst, Model Performance Monitoring

In United States

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Senior Quantitative Analyst, Model Performance Monitoring   

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JOB TITLE:

Senior Quantitative Analyst, Model Performance Monitoring

JOB TYPE:

JOB SKILLS:

JOB LOCATION:

Jersey City Dallas, TX United States

JOB DESCRIPTION:

JOB DESCRIPTION: This Senior Quantitative Analyst in the Quantitative Risk Management department will be responsible for model development, model performance monitoring (MPM) and Backtesting (BT). This Associate Director will work on monitoring the performance of existing models and assist in enhancing the MPM program across all CCPs and DTC. RESPONSIBILITIES: Perform MPM and work on its enhancement. Work closely with model owners, backtest team and MPM team to proactively monitor the performance of current models, maintain and enhance the existing monitoring reports, assist in designing the model performance monitoring process as the new models get approved, identify, and raise model performance issues in a timely manner and provide suggestions and solutions to improve the model's performance. Perform ad-hoc model performance analysis Perform analytical analysis such as attribution analysis to explain stress testing risk metrics results Be accountable for the MPM program. Review the numbers that are used for generating management and regulatory reports. Assist Backtest team when required models QUALIFICATIONS: Minimum 3-5 years of relative experience, ideally in risk analytics, model validation, model performance monitoring or front office quantitative modeling. A Ph.D. or a master's degree in quantitative finance, economics, or other quantitative fields Prior experience on quantitative modeling is helpful and the candidate should have a general knowledge about the financial market, products, risk metrics and VaR modeling /back testing approaches. Strong programing skills in languages such as SQL, Python, R, SAS, Access, VBA, etc. Knowing C++ is a plus. Must have excellent oral and written communication skills, interpersonal skills and possess ability to work in an efficient and organized way, both independently and within a team. Motivated and have a sense of accountability and ownership. Proactively think of solutions and resolve problems. Ideally the incumbent should be familiar with the regulatory requirements in terms of model risk management (SR11-7, etc.) ABOUT Client:  Our client safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure, and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost, and bring stability and certainty to the post-trade lifecycle. Client proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A Client career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

Position Details

POSTED:

Sep 25, 2022

EMPLOYMENT:

INDUSTRY:

SNAPRECRUIT ID:

S16561728546145529

LOCATION:

United States

CITY:

Jersey City Dallas, TX

Job Origin:

OORWIN_ORGANIC_FEED

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Aug 19, 2017 9am-6pm
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JOB DESCRIPTION: This Senior Quantitative Analyst in the Quantitative Risk Management department will be responsible for model development, model performance monitoring (MPM) and Backtesting (BT). This Associate Director will work on monitoring the performance of existing models and assist in enhancing the MPM program across all CCPs and DTC. RESPONSIBILITIES: Perform MPM and work on its enhancement. Work closely with model owners, backtest team and MPM team to proactively monitor the performance of current models, maintain and enhance the existing monitoring reports, assist in designing the model performance monitoring process as the new models get approved, identify, and raise model performance issues in a timely manner and provide suggestions and solutions to improve the model's performance. Perform ad-hoc model performance analysis Perform analytical analysis such as attribution analysis to explain stress testing risk metrics results Be accountable for the MPM program. Review the numbers that are used for generating management and regulatory reports. Assist Backtest team when required models QUALIFICATIONS: Minimum 3-5 years of relative experience, ideally in risk analytics, model validation, model performance monitoring or front office quantitative modeling. A Ph.D. or a master's degree in quantitative finance, economics, or other quantitative fields Prior experience on quantitative modeling is helpful and the candidate should have a general knowledge about the financial market, products, risk metrics and VaR modeling /back testing approaches. Strong programing skills in languages such as SQL, Python, R, SAS, Access, VBA, etc. Knowing C++ is a plus. Must have excellent oral and written communication skills, interpersonal skills and possess ability to work in an efficient and organized way, both independently and within a team. Motivated and have a sense of accountability and ownership. Proactively think of solutions and resolve problems. Ideally the incumbent should be familiar with the regulatory requirements in terms of model risk management (SR11-7, etc.) ABOUT Client:  Our client safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure, and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost, and bring stability and certainty to the post-trade lifecycle. Client proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A Client career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.


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