Job#: 3028716 Job Description: Quantitative Analyst
Location: Jersey City, New Jersey (Hybrid onsite 3 days/week and remote 2 days/week)
Employment Type: Long term contract with option to convert perm
Role Overview
We are seeking a Quantitative Analyst to join a team responsible for market risk models. This role involves performing analysis on fixed income products such as treasury bonds, futures, and agency mortgage-backed securities. The position focuses on risk calculations for settlement and clearance,
not front-office trading or portfolio strategy. Key Responsibilities
- Maintain and enhance in-house fixed income risk models for back office.
- Analyze fixed income products including treasury bonds and mortgage-backed securities.
- Utilize existing functions and data to conduct analytics and test margin calculations.
- Design and produce model performance metrics and reports for internal users and external supervisors.
- Independently format and validate analysis results to ensure quality and accuracy.
- Support risk calculations related to settlement and clearance activities.
Required Qualifications
Education: A Master's degree or higher in a quantitative field of study is required.
Experience: A minimum of 5 years of professional experience is required, with at least 3 years of hands-on experience in quantitative modeling/research, plus a deep understanding of fixed income, back office, and market risk. Experience in modeling for VaR or market risk is a strong fit.
Technical Skills: Fluency in Python for modeling, statistics, and data cleaning, using libraries such as Pandas and NumPy, is required. Basic SQL skills for querying databases like Snowflake are also necessary. Experience with treasury bond or mortgage-backed securities (MBS) is required.
Preferred Qualifications
- Knowledge of treasury securities and/or mortgage-backed securities pricing and VaR modeling is a significant advantage.
- Familiarity with other high-level programming languages such as C++ or Java.
Compensation & Benefits
The pay rate for this position ranges from $70.00 to $85.00 per hour. Specific compensation will be determined based on experience, qualifications, and other relevant factors.
Company Overview
Our organization is a leader in providing post-trade market infrastructure for the global financial services industry. The Fixed Income Clearing Corporation (FICC), a subsidiary, offers clearing, settlement, and risk-management services for the U.S. Government securities and mortgage-backed securities markets, enhancing efficiency, transparency, and stability.
We are an equal opportunity employer. We do not discriminate or allow discrimination on the basis of race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), age, sexual orientation, gender identity, national origin, ancestry, citizenship, genetic information, registered domestic partner status, marital status, disability, status as a crime victim, protected veteran status, political affiliation, union membership, or any other characteristic protected by law. We will consider qualified applicants with criminal histories in a manner consistent with the requirements of applicable law.
Apex uses a virtual recruiter as part of the application process. Click for more details.
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Apex Systems is a world-class IT services company that serves thousands of clients across the globe. When you join Apex, you become part of a team that values innovation, collaboration, and continuous learning. We offer quality career resources, training, certifications, development opportunities, and a comprehensive benefits package. Our commitment to excellence is reflected in many awards, including ClearlyRated's Best of Staffing in Talent Satisfaction in the United States and Great Place to Work in the United Kingdom and Mexico. Apex uses a virtual recruiter as part of the application process. Click for more details.
Apex Benefits Overview: Apex offers a range of supplemental benefits, including medical, dental, vision, life, disability, and other insurance plans that offer an optional layer of financial protection. We offer an ESPP (employee stock purchase program) and a 401K program which allows you to contribute typically within 30 days of starting, with a company match after 12 months of tenure. Apex also offers a HSA (Health Savings Account on the HDHP plan), a SupportLinc Employee Assistance Program (EAP) with up to 8 free counseling sessions, a corporate discount savings program and other discounts. In terms of professional development, Apex hosts an on-demand training program, provides access to certification prep and a library of technical and leadership courses/books/seminars once you have 6+ months of tenure, and certification discounts and other perks to associations that include CompTIA and IIBA. Apex has a dedicated customer service team for our Consultants that can address questions around benefits and other resources, as well as a certified Career Coach. You can access a full list of our benefits, programs, support teams and resources within our 'Welcome Packet' as well, which an Apex team member can provide.
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