Associate, External Product Specialists (Quantitative Finance)

TL;DR

Associate, External Product Specialists (Quantitative Finance): Designing and maintaining complex financial mathematical models for clients with an accent on advanced statistical and optimization methods. Focus on building risk models, implementing ML and stochastic modeling, and communicating complex quantitative results to stakeholders.

Location: Onsite in New York, NY, United States

Salary: $113,000 - $187,000

Company

A leading global investment banking, securities, and investment management firm.

What you will do

• Design, develop, and maintain complex financial mathematical models using regression analysis, ML, and convex optimization.
• Act as a risk modeler for model validation, governance, and continuous enhancement.
• Create customized asset allocation and financial analyses for clients based on their specific situations and preferences.
• Develop tools for monitoring portfolios and managing risk for concentrated equity positions.
• Communicate complex quantitative findings to senior stakeholders and clients with varying technical backgrounds.
• Coordinate with Technology, Risk, and Compliance teams to ensure adherence to business and regulatory standards.

Requirements

• Master's degree in Mathematics, Quantitative Finance, or a related field with 1+ year of experience, OR a Bachelor's degree with 3+ years of experience.
• Experience in full-stack model development including data acquisition, ETL, and reporting using Python.
• Proficiency in quantitative methods, including stochastic modeling, numerical optimization, and statistical theory.
• Knowledge of Model Risk Management (MRM) frameworks, including documentation standards and back-testing.
• Ability to translate complex business requirements into mathematical model specifications.
• Must be based in New York, NY