Senior Quantitative Analyst

The Depository Trust & Clearing Corporation
Jerseycity, NJ
14 Mar 2025

Vacancy expired!

Are You Ready to Explore A World of Possibilities? Join our DTCC family, and you'll grow your expertise and become the best version of you. As you embark on a new path, you'll be supported and surrounded by other professionals as you learn new skills, advance your career, and see the impact of your efforts every day.

Pay and Benefits:
  • Competitive compensation, including base pay and annual incentive
  • Comprehensive health and life insurance and well-being benefits, based on location
  • Retirement benefits
  • Paid Time Off and other leave of absence

  • Flexible/Hybrid Work Arrangements

  • Can be based out of Boston, MA, Jersey City, NJ, McLean, VA, Dallas, TX or Tampa, FL

Why You'll Love This Job: The Associate Director, Senior Quantitative Analyst will is a vital and contributing member of the model validation team within the Model Risk Management (MRM) department: responsible for all aspects of MRM activities including governance, reporting, model inventory, model validation and model performance oversight.

Your Primary Responsibilities:
  • Perform hands-on validations and reviews, write quality model validation reports
  • Work with the model owner, model developer and model user on all issues of model validation and issue resolution.
  • Prepare model validation and review presentations to the Model Risk Governance Council ("MRGC") meetings for model approval, model issue tracking and resolution.
  • Present model validation and review results and finding resolutions to the Model Risk Governance Council ("MRGC")
  • Challenge the model performance and methodologies at monthly MRreview meeting
  • Perform ad hoc analysis to identify model limitations and performance issues and recommend remediations.

Talents Needed for Success:
  • 3-5 years of related experience, ideally in model validation, risk analytics or front office quant modeling
  • A Ph.D. or a master's degree in quantitative finance, economics, or other quantitative fields. A Ph.D. is preferred
  • Familiar with banking, financial institutions, financial instruments, and markets.
  • Broad expertise in quantitative finance on valuation models (curve building methodologies, term structure models, option models, credit models), and risk management models and methodologies (Greeks, VaR, back testing, stress testing).
  • Experience and expert knowledge on VaR modeling and VaR model back testing methodologies
  • Strong mathematical background, especially in probability theory, stochastic processes, and PDE's.
  • Econometric modeling and applied statistics skills (i.e., estimation, time series modeling, Monte Carlo simulation techniques, etc.)
  • High level of digital literacy, ability to work optimally with MATLAB, Excel (VBA), SQL, R, Python or C
  • Excellent written and verbal communication and presentation skills, ability to communicate quantitative concepts to financial professionals
  • Knowledge of prepayment modeling, MBS pricing and risks is a plus.
  • Knowledge and experience on data science and Machine Learning technics/languages is desired.
  • SEC Covered Clearing Agency Standards

Who We Are: With over 45 years of experience, DTCC is the best-in-class post-trade market infrastructure for the global financial services industry. From operating facilities, data centers and offices in 16 countries, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, growing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2018, DTCC's subsidiaries processed securities transactions valued at more than U.S. $1.85 quadrillion. Its depository provides custody and asset servicing for securities issues from 170 countries and territories valued at U.S. $52.2 trillion. DTCC's Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes over 14 billion messages annually. To learn more, please visit us at or connect with us on LinkedIn , Twitter , YouTube and Facebook. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

About Us

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry's needs and we're working to continually improve the world's most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you'll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It's the chance to make a difference at a company that's truly one of a kind.

Learn more about Clearance and Settlement by clicking here .

About the Team

Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.
  • ID: #49468186
  • State: New Jersey Jerseycity 07310 Jerseycity USA
  • City: Jerseycity
  • Salary: USD TBD TBD
  • Job type: Permanent
  • Showed: 2023-03-14
  • Deadline: 2023-05-12
  • Category: Et cetera