Investment Risk Consultant

We are looking for Investment Risk Consultant for our client in New York, NY / Bostom, MA

Job Title: Investment Risk Consultant

Job Location: New York, NY / Bostom, MA

Job Type: Contract

Job Description:

Pay Range: $60hr - $65hr

Responsibilities:

• Assist the efforts to implement, develop, and enhance ERM’s analytical capabilities related to credit/market risk across a wide range of fixed income asset classes, derivatives, and equity.
• Data investigation/cleanup. Support projects in building processes which are not always quantitative which will support the quantitative frameworks. 
• Building on company's current approach, assist in developing and syndicating a comprehensive framework for measuring portfolio credit & market risk, that considers different accounting and capital regimes, including asset and liability impacts, with a particular emphasis on economic capital.
• Build meaningful reports by asset class and comprehensive level, collaborating with the quant development and IT/engineering teams.
• Use of Python/ SQL. Also, use of spreadsheets and VBA to do prototyping and analyze data.
• Expand the use of Moody’s credit risk tools in place at MassMutual today.
• Candidate will scope and implement modeling, including building out requirements where not yet fully defined or understood. 
• Candidate will be agile, accountable, and resilient in driving results.

Skills:

• Minimum 5 years of relevant work experience in investment (credit/market) quantitative risk analytics REQUIRED.
• Experience in quantitative risk modeling, analysis and the business applications across a wide range of asset classes, preferably structured finance, other fixed income equity and derivatives required.
• Moderate level skills in Python and SQL required.
• Detailed oriented and work to find solutions in highly collaborative environment
• Desire to use your quantitative and programming skills in a hands-on setting to deliver new functionality.
• 5-7 or plus years of relevant work experience is desirable.
• Bachelor’s degree or a Master’s degree in Computer Science, Financial Engineering, Mathematics, Physics, engineering, or similar quantitative discipline is preferred.
• Quantitative model development & implementation skills and ability to validate analytical results required.
• Knowledge and experience working with derivatives and hedging risk management.
• Experience in using Moody’s Analytics credit risk tools is desirable.
• Previous experience working on liability driven investing projects within an insurance company is desirable.
• Experience applying machine learning techniques in the financial industry is desirable.

Education:

• Bachelors degree required. 
• Master’s degree in Computer Science, Financial Engineering, Mathematics, Physics, Engineering, or similar quantitative discipline is preferred.
•  Graduate degree in a quantitative discipline preferred.