What are the responsibilities and job description for the Quantitative Risk Management Consultant position at Chamberlain Advisors?
Title: Quantitative Risk Management Consultant
Location: NYC, NY – 5 days in office, possibly 1 day WFH
Duration & Type: 12 Month Contract to Start
Compensation: Competitive W2 Hourly Rate ($54 - $55), 401K, Access to Healthcare and Dental Insurance Plan of Choice (Benefit Plans can be requested at time of submission to client)
Chamberlain Advisors is seeking a Quantitative Risk Management Consultant to support day-to-day activities within a Clearing and Risk Management organization. This role partners closely with Quantitative Risk and IT teams to support the development, analysis, testing, and validation of margin and risk models across multiple asset classes. The consultant will play a critical role in ensuring the quality, accuracy, and reliability of quantitative risk models through rigorous testing, historical data validation, back-testing, and code release validation. This position requires strong independent problem-solving skills, a deep quantitative background, and the ability to deliver high-quality results in a regulated, fast-paced environment. Click apply now to join the Chamberlain experience!
What You’ll Be Accountable For
Mixing powerful thinking and cutting-edge technology, our client is where the world comes to manage risk. Offering the widest range of global benchmark products across all major asset classes. They have created a marketplace for buyers and sellers bringing together individuals, companies, and institutions that need to manage risk. Our client works to serve as the counterparty to every trade that happens in our markets, to protect the integrity of our markets, and to virtually eliminate third-party credit risk. They are more than a marketplace, they are a team of groundbreakers, problem solvers, and difference makers.
Why Work with Chamberlain?
Chamberlain Advisors is a veteran-owned business that provides human capital solutions across a wide range of industries and engagement types. Chamberlain candidates benefit from our unique hiring and interviewing process which has been designed to increase the likelihood that they will be successful in their job searches. This is achieved through our 5-step recruitment process, ensuring a top-of-the-line candidate experience. Find out what makes us different; apply to Chamberlain today.
Equal Opportunity Employer
Chamberlain Advisors provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, Chamberlain Advisors complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Chamberlain Advisors expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of Chamberlain Advisors' employees to perform their job duties may result in discipline up to and including discharge.
Location: NYC, NY – 5 days in office, possibly 1 day WFH
Duration & Type: 12 Month Contract to Start
Compensation: Competitive W2 Hourly Rate ($54 - $55), 401K, Access to Healthcare and Dental Insurance Plan of Choice (Benefit Plans can be requested at time of submission to client)
Chamberlain Advisors is seeking a Quantitative Risk Management Consultant to support day-to-day activities within a Clearing and Risk Management organization. This role partners closely with Quantitative Risk and IT teams to support the development, analysis, testing, and validation of margin and risk models across multiple asset classes. The consultant will play a critical role in ensuring the quality, accuracy, and reliability of quantitative risk models through rigorous testing, historical data validation, back-testing, and code release validation. This position requires strong independent problem-solving skills, a deep quantitative background, and the ability to deliver high-quality results in a regulated, fast-paced environment. Click apply now to join the Chamberlain experience!
What You’ll Be Accountable For
- Execute code release testing for quantitative risk systems and models across scheduled releases.
- Perform historical data validation to ensure accuracy and completeness of model inputs.
- Validate margin models, stress testing frameworks, and portfolio-level risk calculations.
- Conduct portfolio back-testing and analyze model performance under historical and stressed scenarios.
- Collaborate with Quantitative Risk and IT teams to identify, research, and resolve model or data issues.
- Independently analyze complex problems, formulate solutions, and implement corrective actions.
- Produce clear, thorough documentation of testing methodologies, findings, and outcomes.
- Ensure testing results meet internal quality standards and regulatory expectations.
- Master’s in Computer Science, Financial Engineering, Financial Mathematics, Mathematics, Physics, or a related discipline.
- Strong quantitative and analytical background.
- Excellent programming, communication, and documentation skills.
- Knowledge of financial markets.
- Knowledge in advanced quantitative risk modeling and knowledge of statistical models in risk management preferred.
- Knowledge in advanced derivatives modeling and knowledge of volatility models preferred.
- Experience with programming languages such as C /C#, R, VBA, and SQL is also required.
- Preference will be given to candidates who can demonstrate the best practices in developing risk models like Historical VaR, Monte Carlo VaR, Multi-Factor Risk Models, Stressed VaR, Liquidity Risk models, etc.
Mixing powerful thinking and cutting-edge technology, our client is where the world comes to manage risk. Offering the widest range of global benchmark products across all major asset classes. They have created a marketplace for buyers and sellers bringing together individuals, companies, and institutions that need to manage risk. Our client works to serve as the counterparty to every trade that happens in our markets, to protect the integrity of our markets, and to virtually eliminate third-party credit risk. They are more than a marketplace, they are a team of groundbreakers, problem solvers, and difference makers.
Why Work with Chamberlain?
Chamberlain Advisors is a veteran-owned business that provides human capital solutions across a wide range of industries and engagement types. Chamberlain candidates benefit from our unique hiring and interviewing process which has been designed to increase the likelihood that they will be successful in their job searches. This is achieved through our 5-step recruitment process, ensuring a top-of-the-line candidate experience. Find out what makes us different; apply to Chamberlain today.
Equal Opportunity Employer
Chamberlain Advisors provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal law requirements, Chamberlain Advisors complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
Chamberlain Advisors expressly prohibits any form of workplace harassment based on race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, genetic information, disability, or veteran status. Improper interference with the ability of Chamberlain Advisors' employees to perform their job duties may result in discipline up to and including discharge.
Salary : $54 - $55