Senior Quantitative Analyst Senior Quantitative Analyst …

Options Clearing Corporation
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Options Clearing Corporation
in Chicago, IL, United States
Permanent, Full time
Be the first to apply
Competitive
Senior Quantitative Analyst
Sr. Quantitative Analyst - QRM Chicago - 125 S Franklin/en-US/careers/job/Chicago---125-S-Franklin/Sr-Quantitative-Analyst---QRM_REQ-1510/apply

Summary:

Reporting to the VP in Quantitative Risk Management (QRM), the senior analyst will work closely with the other quantitative analysts, business users and IT colleagues to implement models for pricing and comprehensive stress testing methodology of complex financial derivatives, as well as support and enhance existing systems in that domain.

Essential Duties and Responsibilities:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.

  • Develop pricing and risk analytic models and tools to support risk management
  • Develop high-performance numerical algorithms, conforming to the high reliability and availability standards of the organization
  • Review models and algorithms of other team members
  • Write quantitative, systems and review documentation, including executive summaries for business users and management
  • Implement algorithms in Matlab, Java or other relevant software language.
  • Work collaboratively with other members of FRM, as well as MVG/AD/QA for the review and implementation of models.

Supervisory Responsibilities:

NA

Qualifications:

The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Graduate degree in a quantitative field such as statistics, financial engineering, quantitative finance, computer science, physics, mathematics, economics .
  • Strong knowledge on financial derivatives in general, equity derivative products and their pricing models in particular.
  • Quantitative skills across derivatives valuation, risk factor identification, risk modeling, scenario analysis and stress testing.
  • 2-5 years of financial industry experience is preferable
  • In-depth knowledge of statistical methods and data mining techniques.
  • Preference given to candidates with strong knowledge in asset classes like equities, interest rates, volatility, commodities, and foreign currencies.
  • Excellent oral and written communication skills; excellent in technical writing
  • Strong problem solving skills

Technical Skills:

  • Broad knowledge across: financial modeling (pricing and simulation), financial econometrics, derivative instruments across asset classes, numerical methods, mathematical programming, risk management, stress testing, with specialist expertise in several of these areas.
  • Quantitative scripting language such as Matlab, R, Python
  • Experience of one or more statistical and econometric packages
  • Development experience in Java or similar language is desirable

Education and/or Experience:

  • Master degree or higher (prefer PhD) in Finance, Economics or a quantitative field such as physics possessing strong quantitative, analytical and problem solving skills with 2-5 years of practical experience in financial risk modeling/analytics and stress testing methodology.

Certificates or Licenses:

N/A

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If you are called in for an interview, a representative from OCC will contact you to set up a date, time, and location.

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OCC is an Equal Opportunity Employer

Posted 3 Days AgoFull timeREQ-1510

OCC is the world's largest equity derivatives clearing organization and the foundation for secure markets. Founded in 1973, OCC operates under the jurisdiction of both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. Named 2016 Clearinghouse of the Year - The Americas by FOW Magazine and 2016 Clearinghouse of the Year by Global Investor/ISF Magazine, OCC now provides central counterparty (CCP) clearing and settlement services to 20 exchanges and trading platforms for options, financial futures, security futures, and securities lending transactions. More information about OCC is available at www.theocc.com.

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