Quantitative Associate Job Description

Quantitative Associate Job Description

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Quantitative associate provides statistical and methodological consultation on special statistical methodology or on complex statistical, scientific and regulatory issues to statisticians and mentors and supports statisticians in using Bayesian statistics;.

Quantitative Associate Duties & Responsibilities

To write an effective quantitative associate job description, begin by listing detailed duties, responsibilities and expectations. We have included quantitative associate job description templates that you can modify and use.

Sample responsibilities for this position include:

Produce, compile and distribute analytical insights and recommendations from various data sources for multiple levels of end-users
Participate in hands-on review of tools, documentation, process, and data to assess business requirements and conceptual and financial soundness of the implementations, compliance with rules and best practices
Develop new quantitative models and maintain existing ones along with other analysts in NY to analyse financial markets and signal turning points which would inform investment decisions
Responsible to analyse Central and Eastern European economies, Poland, Czech, Hungary, and suggest sovereign bond and currency positioning
Support senior investors in order to identify key opportunities across markets and implement trades across a wide range of portfolios
Liaise with the QR model developers, model managers, risk management, business
Work with risk team on investment portfolio performance / risk and characteristics of funds and Separate Accounts
Develop and implement alternative model benchmarks and compare the outcome of various models
Research, develop and implement mathematical mortgage models for application to whole loan positions held by an FDIC insured bank
Co-ordinate with internal risk management as part of the process of submitting mortgage models for vetting and use in the bank’s risk framework

Quantitative Associate Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Quantitative Associate

List any licenses or certifications required by the position: CFA, FRM, PRM, SQL, SAS, CQF

Education for Quantitative Associate

Typically a job would require a certain level of education.

Employers hiring for the quantitative associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Statistics, Mathematics, Finance, Engineering, Economics, Computer Science, Physics, Education, Quantitative Finance, Math

Skills for Quantitative Associate

Desired skills for quantitative associate include:

SAS
Advanced statistical/econometric analysis software
Statistics/econometrics
Credit decisions models
Similar tool programming
Statistical tools and modelling techniques
Basel/CRD IV
Bond markets and conventions helpful
Commercial credit policies
Commodities

Desired experience for quantitative associate includes:

Bachelors degree in Finance, Information Systems or related quantitative field is required
Roles at this level typically require a university or college degree
Bachelor's Degree in Statistics, Economics, Mathematics, Industrial Engineering, Operations Research, or another related field of study
Master's Degree or Doctorate in Statistics, Economics, Mathematics, Industrial Engineering, Operations Research, or another related field of study
2+ years experience in credit risk modeling
Two to five years of financial industry experience

Quantitative Associate Examples

1

Quantitative Associate Job Description

Job Description Example
Our company is hiring for a quantitative associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for quantitative associate
  • Provide independent review and validation of financial models including derivatives, capital, stress test and risk models
  • Communicate/coordinate well with Senior Management, and colleagues in other departments
  • Research, develop and implement mathematical mortgage models
  • Support the modeling requirements for the regulatory group preparing CCAR filings
  • Participate in the process of submitting mortgage models for vetting and use in the bank’s risk framework
  • Cover quantitative fixed-income research, performance and risk analysis, and related reporting demands to assist both quantitative portfolio management and fundamental investment approaches
  • Work on quantitative model portfolio construction, strategy trials, and maintenance projects
  • Develop quantitative support to conduct investment research, assist portfolio actions and implementation of quant based model
  • Participate in daily investment activities with responsibilities including cash inflow/ outflow analysis, and performance risk return monitoring for Fixed Income quantitative mandates
  • Develop and implement miscellaneous tools to support trading and risk management activities
Qualifications for quantitative associate
  • Development of simulation models for credit risk computation
  • Understanding of options pricing theory
  • Advanced mathematics required for financial modeling
  • Knowledge of data sources is a plus (Bloomberg, Datastream, Factset)
  • Ability to rapidly connect with existing analytical infrastructure, including other teams/individuals, and tools
  • Experience in the development, use and maintenance of sophisticated analytical tools and software is preferred
2

Quantitative Associate Job Description

Job Description Example
Our company is growing rapidly and is looking for a quantitative associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for quantitative associate
  • Provide general day-to-day quantitative support to the trading desk
  • Assist with the pricing of new products and feasibility of modelling approaches
  • Co-ordinate with GMO and GRM as part of the process of submitting front office developed models for vetting and use in the bank’s risk framework
  • Provide technical expertise on capital, margin, and other matters relating to quantitative risk management and collateral disputes
  • Perform validation on conceptual model assessment and implementation, input data validation, back testing and benchmark testing
  • Identify model limitations and evaluate the materiality
  • Assist the team in providing guidance to Members regarding improvements in model design, implementation, output reporting, documentation and governance
  • Evaluate model changes upon notification by Member firms, perform testing on the changes, update the documentation and reconfirm model approval
  • Assist in the ongoing monitoring of Members' use of approved capital and margin models
  • Generating data extracts for use in statistical analysis
Qualifications for quantitative associate
  • High degree of initiative and ability to drive results
  • Experience with insurance products preferred
  • Advanced understanding of market, credit and liquidity risk
  • Experience in pricing complex derivatives and performing advanced statistical analysis on underlying risk factors (returns’ distribution, volatility, correlations)
  • Preference will be given to candidate with experience in developing risk models like Historical VaR, Monte Carlo VaR, Multi-Factor Risk Models, Stressed VaR, Liquidity Risk models
  • The candidate should also be well trained in probability theory, stochastic processes, and have experience providing theoretical justifications of Risk Models they have developed
3

Quantitative Associate Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of quantitative associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for quantitative associate
  • Implementing and improving pricing and models used for traded products
  • Implementing and improving risk management of existing and new derivatives products
  • Providing and supporting the risk management tools for those products
  • Supporting and maintaining the trading system
  • Identify opportunities to improve trading efficiency through automation and analysis
  • Optimizing the existing code base for speed and efficiency
  • Participating in macroeconomic and financial scenario development
  • Implementing and documenting MET models
  • Developing econometric models
  • Applying statistical techniques to analyze portfolio risk taking
Qualifications for quantitative associate
  • Strong desire to understand customer insights and drive customer satisfaction
  • PhD or equivalent degree from top tier schools/programs in Math, Math Finance, Physics, Computer Science or Engineering
  • Knowledge or experience in multifactor equity or risk modeling, including multi-factor models such as BARRA, APT, Northfield or Axioma
  • Experience with Bloomberg, Thompson-Reuters, Compustat, Worldscope
  • Exceptional programming skills in C++ with ability in code design and optimization, memory management, and parallel computing on internal or cloud computing grid
  • Strong quantitative skills and qualitative analysis capabilities
4

Quantitative Associate Job Description

Job Description Example
Our company is looking to fill the role of quantitative associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for quantitative associate
  • Performing validation on conceptual model assessment and implementation, input data validation, back testing and benchmark testing
  • Identifying model limitations and evaluating the materiality
  • Assisting the team in providing guidance to members regarding improvements in model design, implementation, output reporting, documentation and governance
  • Evaluating model changes upon notification by member firms
  • Assisting in the ongoing monitoring of members' use of approved capital and margin models as a technical expert
  • Providing ongoing assistance to the Risk Management team with due diligence inquiries involving collateral disputes
  • Assist in managing promotional campaign effectiveness measurements
  • Assist in strategic value-added analyses and A/B testing around marketing campaigns, tactic and audience optimization, tactic effectiveness and core business metrics
  • Assist in the building of statistical/econometric models - Estimate average ROI and historical contributions to business via marketing/promotion efforts, while balancing for competitive/external factors
  • Deliver concise, compelling, data and insight driven business recommendations to clients and internal leaders on where and how modified business decisions could lead to improved business performance
Qualifications for quantitative associate
  • Minimum of 4 years pre-MBA business experience, preferably in Consumer Marketing, Brand Management or Digital Marketing
  • Experience ongoing Model Performance Monitoring and P&L attribution
  • Work on projects that involve complex methodology development, statistical analysis and execution
  • Build effective partnerships with key stakeholders within and outside QRA
  • Over time, develop expertise in JPMC products, services and clients, and become a subject matter expert in multiple Compliance-related functions
  • Proven record to work in a fast-paced, deadline-driven, diverse environment, preferably across geographies
5

Quantitative Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of quantitative associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for quantitative associate
  • Understand complex onsite data collection methods for marketing campaign performance, and ability to improve processes to better support analysis objectives
  • Help implement data tracking specifications for web analytic deployments across client projects
  • Assisting with survey design
  • PhD degree in accounting (new graduate or recent graduate)
  • Research quantitative methods and approaches to solving problems in the lines of work of the lab, prototyping solutions, and partnering with development teams and technology for their implementation
  • Deeply understand current forecasting models and the way they are used for analysis, identifying opportunities for improvement of the existing process– with particular emphasis in the introduction of new quantitative methods rooted in machine learning
  • Document innovations for intellectual property filing and model review, where applicable
  • Engaging a group of senior leaders in the US to drive decisions for JPMC Corporate Compliance
  • Develop and update expected return models
  • Perform market microstructure and execution research
Qualifications for quantitative associate
  • Development of models and simulations for stress testing regimes and guidelines requested by US and UK regulators
  • First year MBA students with a concentration in marketing or related discipline
  • Have prior experience demonstrating ownership of end-to-end project deliverables
  • Ability to handle multiple projects/work streams with minimal oversight
  • Developing mathematical models for systematic quantitative trading strategies, for example, Index Arbitrage, Statistical Arbitrage and Market Making
  • Experienced professional with proven judgment and abilities as a quantitative analyst

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