Quant Analyst (Counterparty Credit Risk Experience)

TEKsystems
$55.00 - $75.00 / hr
life insurance, sick time, 401(k), retirement plan
United States, New Jersey, Jersey City
Mar 06, 2025
Overview of the Role - As a Quantitative Developer 1 your main responsibilities will involve: * Development, testing, documentation, and maintenance of counterparty credit risk models: these will include risk factor simulation models, pricing models, aggregation models as well as backtesting methodology * Support of the counterparty credit risk platform, including investigation and resolution of model-related system issues and practical quantitative support to model users * Improvements to model development infrastructure, such as test harnesses, support utilities, visualization tools * Partner with internal groups including Capital, Risk, Technology, Model Risk Management and Market Risk Management on model enhancement, performance testing and documentation to remediate internal and external requirements * Prepare developmental evidence and document to support internal and external exams * Identifying common themes across global markets along with improvement initiatives * Communicating the results of this analysis to all model stakeholders including risk management, model development, model risk, management, and our regulators * Supporting model development in confirming remediation of model issues prior to their being taken live * Driving incremental improvement to our model performance assessment tool set across all business areas Required Education, Skills, and Experience * Master's degree or PhD required in Mathematics, Statistics, Physics, or related field. * Experience with mathematically sophisticated financial modelling, preferably in counterparty credit risk or XVA * Ability to express technical concepts clearly in written and spoken English * Programming skills: key languages are C++ and Python; a solid understanding of sound software development principles * Up-to-date knowledge of industry trends and developments, a commercial instinct, and an understanding of sound risk management principles * Good written and oral communication, interpersonal and organizational skills and ability to build andmaintain relationships with personnel across areas and regions * Ability to multitask with excellent time management skills * Sense of focus and rigor in the completion of deliverables * Pro-active behavior with capacity to seize initiative Pay and Benefits The pay range for this position is $55.00 - $75.00/hr. Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to specific elections, plan, or program terms. If eligible, the benefits available for this temporary role may include the following: * Medical, dental & vision * Critical Illness, Accident, and Hospital * 401(k) Retirement Plan - Pre-tax and Roth post-tax contributions available * Life Insurance (Voluntary Life & AD&D for the employee and dependents) * Short and long-term disability * Health Spending Account (HSA) * Transportation benefits * Employee Assistance Program * Time Off/Leave (PTO, Vacation or Sick Leave) Workplace Type This is a hybrid position in Jersey City,NJ. Application Deadline This position is anticipated to close on Mar 19, 2025. About TEKsystems: We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company. The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.