Lead Associate Principal, Quantitative Risk Management

Location: Chicago, United States; hybrid work with up to 2 days per week of remote work

Salary: $128,800–$230,200 per year, plus an annual discretionary incentive target of 8%–15%.

Company

hirify.global is a systemically important financial market utility providing clearing and settlement services for options, futures, and securities lending transactions.

What you will do

• Develop pricing, margin-risking, clearing-fund, and stress-testing models for financial products and derivatives.
• Design, implement, and maintain model prototypes, model libraries, and testing tools.
• Perform model performance testing, portfolio backtesting, margin impact analysis, and release testing.
• Review model algorithms, requirements, code quality, testing quality, and technical documentation.
• Build automated unit tests and reference models, support model-library integration, and troubleshoot production issues.
• Collaborate with quantitative analysts, risk managers, business users, validation specialists, and data and technology teams.

Requirements

• Master’s degree or equivalent in a quantitative field such as computer science, mathematics, physics, finance, or financial engineering.
• 5–7 years of experience in quantitative finance and/or model implementation and testing.
• Strong knowledge of derivatives pricing, stochastic calculus, statistics, probability, econometrics, time-series analysis, machine learning, numerical methods, optimization, Monte Carlo simulation, and finite differences.
• Advanced Java skills for enterprise-level model implementation and advanced Python skills for model development, prototyping, and database manipulation.
• Experience with SQL and databases, numerical or scientific-computing libraries, automated QA frameworks, Git, GitHub, Jenkins, build and deployment tools, and object-oriented design.
• Knowledge of risk-management methods and financial derivatives across equity, interest-rate, and commodity products; ability to challenge model methodologies and assumptions.

Nice to have

• Agile/Scrum experience.
• Non-relational databases, Big Data, cloud computing, or high-performance computing experience.
• Numerical optimizers such as NAG, MATLAB, or similar tools.
• FRM, CFA, or similar certification.
• PhD in a quantitative field.

Culture & Benefits

• Collaborative and supportive work environment focused on work-life balance and employee wellness.
• Tuition reimbursement and student loan repayment assistance.
• Technology stipend for remote work.
• Generous PTO and parental leave.
• 401(k) employer match and medical, dental, and vision benefits.

Hiring process

• Submit an application and resume through the hirify.global careers site.
• Receive confirmation that the application has been received.
• If selected, complete an interview arranged by an hirify.global representative.