Vice President Quantitative Developer/Researcher

Company: Phaxis LLC
Location: Jersey City
Posted on: January 27, 2023

Job Description:

VICE PRESIDENT QUANTITATIVE DEVELOPER/RESEARCHER AT A GLOBAL FINANCIAL INSTITUTION
Base Salary is $170K to $190K (based upon location, candidate & experience)
Incredible Organization with Excellent Benefits!

Leading Global Financial Institution is looking for an experienced quantitative research/development professional to join its organization as an Vice President Quantitative Developer/Researcher within the firm's Risk Management & Compliance Area where the culture is all about thinking outside the box, challenging the status quo, and striving to be best-in-class. In this role, he/she will be part of our Core Implementation Frameworks Team in Jersey City, NJ or Plano, TX to work on the build out of the firm's new Wholesale Credit Risk Model Platform. The Core Implementation team focuses on the design, implementation, delivery, and support of high-performance risk calculation engines that deploy models for the firms Wholesale Credit Stress (CCAR, ICAAP, Risk Appetite) and Loan loss reserves (CECL, IFRS9) calculations used for Risk Management.

Quantitative Research (QR) is an expert quantitative modeling group in the firm, as well as a leader in financial engineering, data analytics, statistical modeling, and portfolio management. As a global team, QR partners with traders, marketers and risk managers across all products and regions, contributes to sales and client interaction, product innovation, valuation and risk management, inventory and portfolio optimization, electronic trading and market making, and appropriate financial risk controls.

In addition, we are providing on job training, intensive internal classroom training, and online courses, all given by our experienced quants. Through the diversity of the businesses, it supports and the variety of functions that it is responsible for, Quantitative Research group provides unique growth opportunities for you to develop your abilities and your career.

MINIMUM SKILLS, EXPERIENCE AND QUALIFICATIONS

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• Bachelor's or Master's Degree in Computer Science, Data Analytics or equivalent discipline
  
• Demonstrate strong quantitative and problem-solving skills as well as software development skills
  
• Very interested in the application of software and high-performance computing solutions to finance and risk management
  
• Demonstrate strong proficiency in code design and programming skills in Python
  
• Experience with improving performance of software applications
  
• Proficient with tools and methods of exploratory data analysis, visualization and modeling in Python e.g., pandas, scipy, sklearn, and Jupyter
  
• Good at communicating concepts and ideas, also via documentation, and you are keen to defend their validity and tailor messages to different audiences
  
• Attentive to detail and easily adaptable
  
• Enthusiastic about knowledge sharing and collaboration
  
  
  ADDITIONAL SKILLS, EXPERIENCE AND QUALIFICATIONS
  The following additional items will be considered but are not required for this role:
  
  
  • 
    
  • Advanced degree (PhD, MSc or equivalent) in Computer Science, Engineering, Mathematics, Physics, etc.
    
  • Experience with implementing Quantitative Software Frameworks in Finance
    
  • Focused on robust testing practices and test-driven development
    
  • Orientation towards careful system and solution design and implementation
    
    
    RESPONSIBILITIES & DUTIES
    You will contribute to the development of the firm's Wholesale Credit risk platform used for risk management and stress testing. Specifically, you will have the chance to:
    
    
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    • Play a key role in the design, architecture and implementation of the firm's next generation stress and risk models platform for Wholesale Credit alongside our Technology and Business partner teams
      
    • Design and develop software that implements risk valuation models and work on their delivery to systems and applications
      
    • Design and develop flexible, extendible, and highly performant software frameworks and related tools that efficiently integrates pricing and forecast models into the platform
      
    • Design efficient numerical algorithms and implementing high performance computing solutions
      
    • Implement software frameworks and tools that support the development of models, back-testing and any other analytics infrastructure required for model development
      
    • Work with technology and the business to support the implementation, release, and integration of models into the risk platform
      
    • Serve as the release Client - working with team members to understand changes, communicating with stakeholders, packaging risk model software into releases, and driving the delivery from testing through to production
      

Keywords: Phaxis LLC, Jersey City , Vice President Quantitative Developer/Researcher, Executive , Jersey City, New Jersey