Senior Quantitative Analyst

Are You Ready to Explore a World of Possibilities?

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Join our DTCC family, and you’ll grow your expertise and become the best version of you. As you embark on a new journey, 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.

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Pay and Benefits:

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n- Competitive compensation, including base pay and generous annual incentive target n- Comprehensive health and life insurance and well-being benefits effective day 1 - no waiting period means no out-of-pocket expense for COBRA n- Retirement benefits - 401K & DTCC funded pension plan n- Paid Time Off and other leave of absence - 25 days of PTO (accrued throughout the year) + 10 paid holidays n- Flexible/Hybrid Work Arrangements – We collaborate in the office on Tuesday & Wednesday n

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Why You’ll Love This Job:
The Senior Quantitative Analyst will work on enhancing the Backtesting program across all CCPs and DTC, which may consist of: a) governance and control; b) design, implement, and maintain Backtesting system; c) BT methodology changes. The incumbent will also work on model performance monitoring program enhancement and come up with innovative ideas to unify the model performance monitoring with Back test.  

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Your Primary Responsibilities:

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n- Perform Backtest and work on its enhancement. n- Work closely with quant groups and risk managers to proactively identify model issues and provide suggestions and solutions to enhancing the model performance monitoring and Backtest. n- Perform ad hoc model performance analysis and deficiency driver analysis for Backtest. n- Be accountable for the Backtest program. Review and sign off on the numbers that are used for generating management and regulatory reports. n- Design the benchmark/alternative models for performance monitoring and Backtest purposes. n- Interact with auditors and regulators during examinations. n

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**NOTE: The responsibilities of this role are not limited to the details above. **

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Talents Needed for Success:

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n- A Ph.D. or a Master’s degree in quantitative finance, economics, or other quantitative fields. A Ph.D. is preferred n- 3-5 years of relative experience, ideally in risk analytics, model validation or front office quant modeling n- Prior experience on quantitative modeling is preferred and should have a general knowledge about the financial market, products, risk metrics and VaR modeling /back testing approaches n- Strong programing skills in languages such as SQL, Python, R, SAS, Access, VBA, etc. Knowing C++ is a plus n- Must have excellent oral and written communication skills, interpersonal skills and must be able to work in an efficient and organized way, both independently and under pressure n- Motivated and have a sense of accountability and ownership. Proactively think of solutions and resolve problems n

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Who We Are:

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DTCC is the heart of the post-trade market infrastructure for the global financial services industry. From 21 locations all over the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, growing visibility, and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. In 2020, DTCC’s subsidiaries processed securities transactions valued at more than U.S. $2.3 quadrillion.

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We are an equal opportunity employer and value diversity at our company. We do not discriminate based on 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.

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