Analyst / Senior Quantitative Analyst Job Description
Analyst / senior quantitative analyst
provides timely and accurate analysis and risk modeling of trading strategies, operational risk, and financial statements to determine credit worthiness.
Analyst / Senior Quantitative Analyst Duties & Responsibilities
To write an effective analyst / senior quantitative analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included analyst / senior quantitative analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Apply this understanding to the auditing of model governance, model development, model validation, and model use within various trading desks in Global Markets
Perform quantitative model testing, validation, and enhancement, stress and back testing for the counterparty credit risk exposure measurement models, including Monte Carlo simulation, pricing and valuation models, margining, netting and aggregation models
Produce written evaluations based on these audits
Periodically lead the team’s efforts for selected audits in Global Markets
Direct the efforts of the team and reading, commenting on, and revising team members’ contributions
Develop and enhance existing risk models design/prototype new models for commodities
Closely work with other teams within Credit Department to provide regular ongoing model performance assessments, rating analysis and override monitoring
Work on a team that enhances existing risk models designs/prototypes new models across different asset classes like OTC and Futures
Programming skills (especially C++) would be an advantage
The ability to work well in a team and with clients
Analyst / Senior Quantitative Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Analyst / Senior Quantitative Analyst
List any licenses or certifications required by the position: FRM, CFA, SAS, PRM, PMP, BSA/AML
Education for Analyst / Senior Quantitative Analyst
Typically a job would require a certain level of education.
Employers hiring for the analyst / senior quantitative analyst job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Statistics, Mathematics, Finance, Economics, Engineering, Physics, Computer Science, Science, Applied Mathematics, Education
Skills for Analyst / Senior Quantitative Analyst
Desired skills for analyst / senior quantitative analyst include:
Model governance processes and regulatory requirements for large US banks
Model performance measures
R
Python
SQL
Matlab
Machine learning
Financial instruments and financial risk management principles
Time series analysis
Statistical
Desired experience for analyst / senior quantitative analyst includes:
Solid understanding of fixed income and interest rate derivative products and excellent quantitative skills are required
Significant experience (2+) yrs
Design or selection of appropriate methodologies for probability of default (PD), loss given default (LGD) and exposure at default (EAD) parameter estimation
Assist in ensuring that data used for model development is reliable and robust
Provide portfolio impact analysis of any recommended changes
Responsible for full documentation of all phases of development and testing
Analyst / Senior Quantitative Analyst Examples
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Analyst / Senior Quantitative Analyst Job Description
Job Description Example
Our innovative and growing company is looking for an analyst / senior quantitative analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst / senior quantitative analyst
- Lead the application of mathematical and statistical methods to collect, organize, interpret, and summarize data in the course of the implementation or validation of quantitative models to value and measure risk on a wide arrange of business data
- Prepare detailed reports to senior management to be used in business decision making regarding the results of statistical analyses understandable by non-statisticians
- Actively seek solutions to improve material parts of the model
- Managing key relationships with trading floor risk managers and business
- Ensuring the interests of these areas are well understood and fairly presented
- Bringing broad context to internal prioritization discussions
- Investigating quantitative issues arising in existing regulatory and internal risk measures
- Gathering requirements for changes and enhancements of analytics in risk models
- Helping to establish the strategic context in which the Quantitative Solutions group functions, ensuring this context is informed by market practice
- Interface with internal and external stakeholders, including auditors and regulators
Qualifications for analyst / senior quantitative analyst
- Ensure all models are compliant and consistent with both external (Basel III) and internal policies and procedures
- Ensure that models are successfully implemented in the necessary production systems
- Participate in research and analysis of evolving industry best practices in parameter estimation and modeling
- Keep abreast of advances in credit risk analytics developments, products and applications by vendors, consultants, regulatory agencies
- Ad-hoc credit risk projects
- Demonstrate strong leadership and project management skills
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Analyst / Senior Quantitative Analyst Job Description
Job Description Example
Our growing company is looking for an analyst / senior quantitative analyst. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst / senior quantitative analyst
- Play a key role on derivatives pricing, , liaising on a project basis with the pricing specialists and the development team
- Perform BT and work on its enhancement
- Perform ad hoc model performance analysis and deficiency driver analysis for BT
- Manage the BT program
- Review and sign off on the numbers that are used for generating management and regulatory reports
- Design the benchmark/alternative models for performance monitoring and BT purposes
- Interact with auditors and regulators during examinations
- Ensure that in respect of all matters in your role, (including the planning and delivery of work), you understand and comply with all company policies, practices and statements relating to risk, compliance and confidentiality
- Applying quantitative techniques and market intuition to large, often novel or unconventional, datasets and cultivate areas of expertise along the way
- Produce high quality portfolio level analytics
Qualifications for analyst / senior quantitative analyst
- Participate in the design and implementation of ongoing monitoring/validation protocol for existing risk rating models and parameter estimates, including benchmarking of internal estimates with external models and/or data sources
- PhD in a quantitative or computational filed (Finance, Math, Physics, Financial Engineering, Computer Science, ) is preferable
- Strong analytical, modeling, and database skills and experience required
- Monte Carlo Studies, Market Risk
- Phyton, Java, C, C++, C#
- Extensive experience in quantitative market risk measurement within an investment bank or other financial institution
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Analyst / Senior Quantitative Analyst Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of analyst / senior quantitative analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst / senior quantitative analyst
- Assisting and support the Development and Validation of Wholesale Credit Risk Models and Risk Reporting measurement tools
- Providing advice or statistical insight into risk models
- Responsible for developing bespoke portfolios to meet specific client needs
- Working with model governance teams to develop methods and metrics for ensuring all models continue to perform as expected and within ranges agreed to by internal model audit and model management committees
- Responsible for developing and executing all aspects of retail and/or wholesale PPNR models and for ensuring full compliance with regulatory and accounting requirements, while providing credible management direction to support business decisions
- Lead best practice modeling techniques, ensure comprehensive documentation and maintain best of class model monitoring and outcome analysis
- Collaborate with other Rogers departments and develop working relations within the company outside
- Assist the Head of Market Risk Analytics in managing day to day operations of the team
- The candidate will be exposed on a daily basis to the following topics
- Development of the credit risk models
Qualifications for analyst / senior quantitative analyst
- A higher degree in one of those areas or in finance or a professional qualification CFA, FRM, PRIMA would be an advantage
- Ability to work well in a team and building relationships
- PhD in a quantitative discipline such as Economics, Statistics, or Applied Mathematics, or MA/MS in a quantitative discipline with at least 3 years of experience in industry, consulting, government, or academic research
- Strong competency for the estimation and inference of econometric models
- Assisting in credit risk model builds for the purpose of risk rating, stress testing, and regulatory capital estimation across the retail bank
- Contributing to a team culture around autonomous working, ownership and accountability of quality deliverables and decreasing key person risk in business as usual activities
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Analyst / Senior Quantitative Analyst Job Description
Job Description Example
Our innovative and growing company is hiring for an analyst / senior quantitative analyst. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for analyst / senior quantitative analyst
- Perform data analyses ranging from Excel spreadsheets, and Tableau dashboards, to predictive modeling / segmentation modeling in SAS, SPSS, R, or Python
- Use AI/machine learning and advance analytical techniques to solve banking and financial problems such as default prediction, financial crime (fraud detection, anti-money laundering ,), consumer analytics, credit ratings, mortgages, credit score, sentiment analysis
- Efficient automation of large scale data analysis, model development and validation process
- Provide analytical support and serve as a statistics expert
- Support to ensure models meet regulatory and/or internal Group standards and where not, identify and plan actions to address issues
- Support reviewing output, identifying issues, proposing recommendations
- Support closing of actions and reporting within agreed timescales
- Responsible for all model documentation ensuring up to date and accurate
- Become subject matter experts on Basel and credit risk models and point of contact for all queries relating to models and data
- Responsible for overall quality and delivery to timescales of work to come out of team and work stream
Qualifications for analyst / senior quantitative analyst
- Embedding best practice monitoring and validation, including enhancing existing monitoring frameworks, focusing on automation, versioning, testing and documentation
- Preferable to have experience in quantitative modelling for a Leading Australian or International Financial Institution or Professional Services firm
- Expertise in risk modeling most of the traded assets classes
- Undergraduate degree in Mathematics, Statistics, Actuarial Science, Computer Science or Physics
- Strong theoretical and numerical background
- Strong background in data-driven statistical modeling, supervised learning and discriminative models
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Analyst / Senior Quantitative Analyst Job Description
Job Description Example
Our growing company is hiring for an analyst / senior quantitative analyst. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst / senior quantitative analyst
- Develop and maintain key relationships with external vendors on model validation and model implementation assumptions
- Assess vendors model risk management using the Model Risk Management Framework and ensure extra validation/assurance of the external model is undertaken
- Provide end-to-end project management support for A/B testing
- Experiment with new automated frameworks, tools & test evaluation methods
- Play integral role in the development of in-house A/B testing platform capabilities
- Collaborate with Analytics team on building sharable data tools, maintain documentation, and participate in deep-dives to understand drivers of success
- Partner with Product, Marketing & Engineering teams to provide analytical support on a variety of ad-hoc initiatives
- Leading the delivery of model based reviews and supporting documentation
- Assisting in extraction and analysis of portfolio specific MI , and in Capital Impact assessments for model changes
- Capturing process inefficiencies
Qualifications for analyst / senior quantitative analyst
- Software development experience is mandatory
- Knowledge of Big data and Hadoop
- Knowledge of professional software engineering practices, coding standards and object oriented programming
- Strong interest and ability to undertake applied research
- Expert knowledge of forecasting models
- Strong experience in building models to price consistently and coherently across related volatility products from basic ones (vanilla options and variance swaps) to more sophisticated ones (VIX futures, Options on Variances, VIX options options on ETFs and ETNs on VIX)