What are the responsibilities and job description for the CrossMargin Quantitative Model Developer position at Experis?
Our client, a leading organization in the financial services industry, is seeking a CrossMargin Quantitative Model Developer to join their team. As a CrossMargin Quantitative Model Developer, you will be part of the Contingent Solutions - Counterparty Credit Risk Modeling department supporting crossmargining and counterparty credit risk modeling initiatives. The ideal candidate will demonstrate strong analytical skills, collaborative spirit, and a proactive approach, which will align successfully in the organization.
Job Title: CrossMargin Quantitative Model Developer
Location:Charlotte, NC
What's the Job?
About ManpowerGroup, Parent Company of: Manpower, Experis, Talent Solutions, and Jefferson Wells.
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, Talent Solutions, and Jefferson Wells – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2023 ManpowerGroup was named one of the World's Most Ethical Companies for the 14th year - all confirming our position as the brand of choice for in-demand talent.
Job Title: CrossMargin Quantitative Model Developer
Location:Charlotte, NC
What's the Job?
- Develop, enhance, and maintain counterparty credit risk models related to crossmargin methodologies.
- Derive analytical formulas, validate assumptions, and identify gaps in existing implementations.
- Improve or replace outdated models using modern stochastic and capital markets modeling techniques.
- Support modeling across a range of complex financial products, including equity swaps, metals, energy derivatives, and convertible bonds.
- Lead the buildout and integration of Python-based quantitative libraries to support model development and validation activities.
- 5 years of Quantitative Analytics experience, or equivalent demonstrated through work, training, military experience, or education.
- Expertise in Python programming, including building and maintaining quantitative libraries.
- Strong SQL skills for database querying and data manipulation.
- Deep understanding of crossmargining concepts within prime brokerage or derivatives clearing.
- Solid foundation in probability, statistics, and stochastic processes, with the ability to derive and implement mathematical formulas.
- Opportunity to work on high-impact, complex financial models within a dynamic team environment.
- Engagement with cutting-edge modeling techniques and AI-assisted coding tools like Copilot.
- Collaborative work environment supporting professional growth and technical development.
- Potential for contract extension based on project needs and performance.
- Work in a vibrant city with a hybrid work schedule, combining in-office and remote work flexibility.
About ManpowerGroup, Parent Company of: Manpower, Experis, Talent Solutions, and Jefferson Wells.
ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, Talent Solutions, and Jefferson Wells – creates substantial value for candidates and clients across more than 75 countries and territories and has done so for over 70 years. We are recognized consistently for our diversity - as a best place to work for Women, Inclusion, Equality and Disability and in 2023 ManpowerGroup was named one of the World's Most Ethical Companies for the 14th year - all confirming our position as the brand of choice for in-demand talent.