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Form of workJob Description
Position: Quantitative Risk Management Consultant
Experience Level: Mid-senior
Experience Required: 5 Years
Education Level: Bachelor's degree
Job Function: Information Technology
Industry: Financial Services
Pay Rate: $70 per hour
Total Position: 1
Relocation Assistance: No
Visa Sponsorship Eligibility: No
Feedback from HM: Candidates who lack the quantitative background will not qualify for this role.
This role is Contract to Hire!
We are seeking a consultant to join the Quantitative Risk Management group (QRM), responsible for quantitative model development and performance assessment, including model performance monitoring (MPM) and backtesting (BT).
The consultant will provide support for the backtest and MPM processes. Specific Responsibilities:
- Design, develop, and maintain backtest models.
- Assist with backtest reporting and diagnostics.
- Aid in ad hoc model risk analyses as needed.
Qualifications:
- 5+ years of working experience with at least 3+ years of hands-on experience in quantitative models, research, with a strong understanding of VaR and backtesting, as well as statistical applications.
- Excellent communication skills, both oral and written.
- Strong interpersonal skills.
- Self-motivated and capable of working independently.
- Proficient in general knowledge of the financial market, products, risk management (such as VaR modeling), and risk metrics (such as backtesting).
- Solid programming skills in data processing languages like SQL and Python.
- A Master's degree in a quantitative field, preferably in applied economics, econometrics, statistics, or financial engineering; a PhD with a similar background is preferred.
