Asset & Wealth Management - New York - Associate, External Product Specialists - 10243378

Job Duties

• Design, develop, and maintain complex financial mathematical models customized to clients’ specific situations utilizing advanced statistical and optimization methods.
• Serve as risk modeler for model validation purposes, including model validation, governance, and continuous model enhancements.
• Create highly customized analyses for clients considering their specific situation, asset allocation, and preferences.
• Guide business reporting for the wider team by designing and compiling appropriate performance metrics and communicating the results to senior stakeholders.
• Develop customized case studies using advanced quantitative financial and mathematical methods.
• Create tools for effectively monitoring portfolios and risk management of concentrated positions of equities.
• Work with the firm’s advisors and clients to deliver results of the analyses and communicate results of complex models using a business-appropriate language based on the clients’ varying technical backgrounds.
• Cook up with internal and external stakeholders to ensure high business and regulatory standards of the content created by the team.

Job Requirements

• A Master’s degree (U.S. or foreign equivalent) in Mathematics, Financial Mathematics, Quantitative & Computational Finance, or related field and one (1) year of experience in job offered or related role.
• A Bachelor’s degree (U.S. or foreign equivalent) in Mathematics, Financial Mathematics, Quantitative & Computational Finance, or related field and three (3) years of experience in job offered or related role.
• Prior employment must include one (1) year of experience (with a Master’s) OR three (3) years of experience (with a Bachelor’s) with:
• Full stack model development including data acquisition, ETL, model implementation, and reporting using scripting languages including Python;
• Quantitative methods including stochastic modeling, numerical optimization, and statistical theory, to select the appropriate methodologies for varying financial problem sets;
• Model Risk Management frameworks including model documentation standards, back-testing methodologies, and sensitivity analysis;
• Cook up with and communicating with cross-functional stakeholders, such as Technology, Risk, Compliance, to ensure adherence to established delivery standards;
• Translating business requirements into the model language and aligning model specifications with the defined business standards;
• Explaining mathematical models in a language appropriate for client audience.

Pay

Annual base salary for this New York, New York-based position is $113,000 - $187,000.