Quantitative Trading & Research – Equity Derivatives Exotics - Associate
About The Position
The Quantitative Trading and Research (QTR) Equity Derivatives team is looking for a junior level quant to focus on exotic products. The objective is to drive and implement analytics, optimization, and modeling for Equity Exotic trading, with immediate focus on payoff development, risk management, and lifecycle modeling. As an Associate for the Quantitative Equity Derivatives Exotics team, you will make extensive use of quantitative techniques, including machine learning, to deliver end-to-end solutions for the business. This includes introducing a systematic framework to develop derivative products, strengthen risk and P&L control and facilitate lifecycle management, developing derivative pricing and lifecycle models, as well as identifying and monitoring associated model risks.
Requirements
- Master or PhD degree in a quantitative field from a top university.
- 1-3 years of experience in derivatives quantitative research.
- Strong programming skills in C++, Python and numerical packages.
- Experience with statistical analysis and machine learning.
- Experience with derivatives pricing models and equity derivatives products.
- Solid understanding of the application of Monte-Carlo simulation and finite-difference PDE in derivative pricing.
- Ability to communicate effectively with business stakeholders.
Nice To Haves
- Prior experience in a front-office quantitative research role.
- Experience or good knowledge in dependency-graph programming.
- Knowledge of risk management frameworks and regulatory requirements.
Responsibilities
- Develop a framework and key components to develop derivative products including life cycling and model validation, using dependency-graph programming and Python language.
- Model derivative products using C++ - Python hybrid programming to meet business requests.
- Drive payoff innovation using the product design framework and machine learning techniques.
- Streamline product review under the product design framework and provide clear model documentation to facilitate model approvals.
- Evaluate quantitative methodologies including identifying and monitoring model risks associated with derivative valuation models.
- Support trading activities by explaining model behavior, identifying major sources of risk in portfolios and carrying out scenario analyses.
Benefits
- comprehensive health care coverage
- on-site health and wellness centers
- a retirement savings plan
- backup childcare
- tuition reimbursement
- mental health support
- financial coaching
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
