What are the responsibilities and job description for the Senior Quantitative Analyst position at LHH?
LHH Recruitment Solutions is seeking a Senior Quantitative Analyst at our top tier banking client in Jersey City, NJ. Working closely with the Market Risk Methodology, Line of Business Risk Managers, and Technology teams, the candidate will work to enhance our overall risk management capabilities and provide support for the implementation, testing, and rollout of VaR/S-VaR market risk models.
Senior Quantitative Analyst with 7-10 Years of Experience.
- Will be an analyst handling large date sets.
- Must have SQL and basic Python experience.
- Lead responsibilities for data governance of historical market data used in calculating Value at Risk (VaR), Stressed Value at Risk (SVaR), and other critical Market Risk metrics.
With a good working knowledge of market data infrastructure, data flows and market risk models, the candidate will be expected to play a significant role in the business design and risk system requirements, ensuring the completeness and accuracy of all market risk models.
A good understanding of the key risk drivers at product, business, and firm-wide levels is required. Additionally, a proven track record in the operational aspects of Market Risk, including design, testing, and monitoring of Market Risk processes. The ability to contact and communicate portfolio impact analysis on process changes and updates to Line of Business Risk Managers potential risks is required.
The candidate will liaise with Line of Business Risk Managers to provide market risk oversight, quantitative risk implications of regulatory changes, new product development etc. and enhance market risk models to reflect changes in the business environment. The role requires a flexible approach that can deal with problems that require pragmatic solutions and innovative thinking.
1) Master’s Degree (MBA/MS) or equivalent degree with emphasis in finance, economics, accounting, computer science, or quantitative disciplines with minimum 10 years work experience in the position offered or related
2) An advanced understanding of the mathematical principles underlier these risk models and how these principles are implemented and controlled in large scale risk systems is highly desirable
3) Experience in quantitative computer programming (Python, SQL) with practical application to financial time series, advanced desktop technology skills such as Excel and PowerPoint are a must
Equal Opportunity Statement
Equal Opportunity Employer/Veterans/Disabled
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Benefit offerings include medical, dental, vision, life insurance, short-term disability, additional voluntary benefits, EAP program, commuter benefits, and 401K plan. Our program provides employees the flexibility to choose the type of coverage that meets their individual needs.