Randstad Quantitative Developer in Jersey City, New Jersey

Quantitative Developer

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job details:

  • location:Jersey City, NJ

  • salary:$75 - $90 per hour

  • date posted:Thursday, September 7, 2017

  • job type:Contract

  • reference:575120

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description

Job Description

Responsible for independently conducting quantitative analytics and complex modeling projects. Leads efforts in development of new models, analytic processes or system approaches. Creates documentation for all activities and may work with technology staff in design of any system to run models developed. Incumbents possess excellent quantitative/analytic skills and are able to influence strategic direction, as well as develop tactical plans.

The qualified candidate will join a team of analysts in the risk management group and will be responsible for the independent review and validation of all Mathematical/Statistical models used by the front office Global Markets organizations.

The qualified candidate will work cross-functionally to enforce current model risk control procedures and apply experience and skills to subject the models to effective challenge. The qualified candidate will also function as a subject matter expert to provide technical consultation and management for policy/procedure revisions/update.

Key requirements:

  • Strong and diversified quantitative skills

  • Working knowledge of the main asset classes available on the market(equities, fixed-income securities, options)

  • Working knowledge of derivative financial instruments and the numerical methods used to price them

  • Working knowledge of stochastic processes and stochastic calculus/integration

  • Working knowledge of optimization techniques, regression techniques, Value at Risk, and Monte Carlo simulation

  • Hands-on experience in the design, implementation and testing of financial/pricing models

  • Ability to understand and communicate clearly and effectively at all levels

  • Ability to learn and adapt in an unexplored field, if necessary

  • Team player attitude

Qualifications

Required Skills:

  1. Strong programming skills in either C++/C#/Java, VBA, Matlab, Python, and SAS

  2. Bachelors or Masters degree in STEM related fields

  3. 3+ years of relevant hands-on modeling / testing experience

  4. Technical curiosity and interest in learning new skills