INTERN - Risk Product Specialist

Numerix • New York, NY

13d • $17 • Onsite

About The Position

Since our founding in 1996, we have been at the vanguard of financial technology, providing groundbreaking expertise, quantitative analytics and software that redefine pricing and risk management in the financial markets. With the strategic acquisitions of FINCAD, PolyPaths and Kynex, Numerix has further strengthened its leadership position empowering financial institutions worldwide, to transform risk into opportunities with confidence. Reporting to the SVP, Market Risk and Counterparty Credit Risk Analytics , the Risk Product Specialist Intern will work within the Product and Engineering Group to help develop the next generation risk management product offerings for the financial markets industry, with a core focus on Market Risk and Counterparty Credit Risk. The role will entail working internally across business, research and development teams as well as externally with clients to determine product features and enhancements that will be commercially successful in providing solutions to capital markets participants.

Requirements

• Bachelor's degree in finance, mathematics, economics or related field.
• Strong analytical and communication skills are required, including a thorough understanding of how to interpret business needs and translate them into functional and technical requirements.
• Good understanding of market risk analytics and counterparty credit risk analytics including MtM, Greeks, Stress Testing, VaR, PFE and XVA.
• Intermediate coding skills are required with Python preferable.
• Familiarity with Product Structures, Curve Building, Pricing Models, Market and Reference Data.

Nice To Haves

• Masters in Quantitative Finance or MBA in Finance degree preferred
• FRM, PRM, CFA a plus.
• Familiarity with banking regulatory standards such as Basel III endgame/FRTB is a plus.
• Working knowledge of front office or middle office systems a plus: Bloomberg, Calypso, Murex, Misys, RiskMetrics, Calypso, Algorithmics.
• Knowledge of listed and OTC Cash and Derivative products including valuation models and methodologies.
• Exposure to multiple Asset Classes (FI, Commodities, Credit, Equities and FX) a plus.
• Good understanding of Derivative transaction life-cycle management from both a Front and Back Office perspective is a plus.
• Experience in the Financial Services industry a plus.
• Front or middle office experience at a sell-side institution, hedge fund or asset manager a plus.

Responsibilities

• Product Specialist: Work with Clients, Financial Engineers and R&D to analyze product gaps and enhancement requests, draft technical specifications and assist in prioritizing developmental efforts.
• Understand requirements using interviews, document analysis, requirements workshops, surveys, site visits, business process descriptions, use cases, scenarios, business analysis, tasks and workflow analysis.
• Critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from low-level information to a general understanding, and distinguish user requests from the underlying true needs.
• Pre- and post- sales Engineer: Serve as business and technical expert on pre-sales and post-sales projects as needed.
• Work may include serving as business and technical resource for active client implementations.
• Develop prototypes based on the aforementioned business analysis by leveraging, Numerix SDK, Python and other tools.
• Work cross functionally with various departments, our clients, as well as the entire Numerix organization as a member of a Risk team.

What This Job Offers

• Job Type: Part-time
• Career Level: Intern
• Number of Employees: 251-500 employees