Quantitative Analyst - FRTB

Grow your career with an innovative global bank in New York, NY as a Quantitative Analyst with a focus on FRTB. Contract role with strong possibility of extension. Will require working a hybrid schedule 3 days onsite per week.

Join one of the world's most renowned global banks and trusted brand with over 200 years of continuously evolving financial services worldwide. You will work alongside some of the smartest minds in the industry who are excited to share their knowledge and to learn from you.

Contract Duration: 4+ Months
Required Skills & Experience

• Master’s Degree or equivalent in STEM or other quantitative fields required (Mathematics, Statistics, Financial Engineering, Quantitative Finance etc.).
• 2+ years of Quantitative experience.
• Must have strong technical skills, proficiency in a computational language such as Python or R
• Experience with analyzing large and complex data sets.
• Good verbal and written communication skills.

Desired Skills & Experience

• PhD or 2nd Master’s degree, CPA or CFA preferred if lacking 2+ years of Quantitative experience.
• Familiarity with SQL and UNIX.

What You Will Be Doing

• Support market risk analytics projects in multiple areas, including FRTB (Fundamental Review of the Trading Book, the next generation of market risk regulatory framework) CCAR (Comprehensive Review of the Trading Book), and LIBOR transition.
• Develop market risk models critical for quantifying the market risk exposures of trading book and calculating regulatory capital.
• Collaborate with other teams including Risk IT to implement new models, resolve production issues and enhance existing implementation.
• Calibrate model parameters, perform variance analysis to explain the changes in model output due to parameter updates.
• Perform ongoing analysis of models, including back testing and profit attribution analysis (PAA).
• On a regular basis, engage market risk managers and businesses on analytics-related matters.
• Develop and maintain technical documentation.
• Support various tasks in response to regulatory and internal risk management requirements.

You will receive the following benefits:

• Medical Insurance - Four medical plans to choose from for you and your family
• Dental & Orthodontia Benefits
• Vision Benefits
• Health Savings Account (HSA)
• Health and Dependent Care Flexible Spending Accounts
• Voluntary Life Insurance, Long-Term & Short-Term Disability Insurance
• Hospital Indemnity Insurance
• 401(k) including match with pre and post-tax options
• Paid Sick Time Leave
• Legal and Identity Protection Plans
• Pre-tax Commuter Benefit
• 529 College Saver Plan

Motion Recruitment Partners (MRP) is an Equal Opportunity Employer. All applicants must be currently authorized to work on a full-time basis in the country for which they are applying, and no sponsorship is currently available. Accommodation will be provided in all parts of the hiring process as required under MRP’s Employment Accommodation policy. Applicants need to make their needs known in advance.