Financial Engineer

Financial Engineer

Location: Chicago, IL, Dallas, TX OR Jersey City, NJ

Work Arrangement: Hybrid – onsite 2-3 days per week, WFH 2-3 days per week

Position Summary:

This role is open with a financial services company, who is currently engaged in building new cutting-edge risk systems. The Financial Engineer will assist in backtesting, software verification, and the independent implementation of new flagship Risk Systems. The role will include the application of statistical and data analytic techniques to market and financial risk data.

Responsibilities:

1. Verify accuracy and reliability of the software implementation of the model.
2. Implement complex independent tests to validate the implementation of risk systems.
3. Implement risk analysis tools, such as back testing tools, to support ongoing monitoring.
4. Implement repeatable back testing suites for both new and existing models.
5. Implement independent models to benchmark production models.
6. Assess the quality of input and output data as well as parameters for the risk systems as well as between components of the risk systems.
7. Document testing activities.
8. Communicate with Model Risk Management and other departments about issues and concerns.
9. Create logical and innovative solutions to complex problems.
10. Complete all activities in accordance with strict business timelines.

Requirements:

1. 3+ years of experience doing fintech or financial services development.
2. Development experience in Java, R, C#, C++, C, or Python.
3. Previous experience with SQL databases, MS SQL Server Management Studio, and/or Squirrel.

Nice to have:

1. Exposure to options valuation theory and options markets.
2. Experience with Risk Management.
3. Degree in mathematical finance, econometrics, mathematics, statistics, physics, or engineering.