Senior Quantitative Analyst

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Job description

Are You Ready to Explore A World of Possibilities?
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.

Pay and Benefits:

Competitive compensation, including base pay and annual incentive
Comprehensive health and life insurance and well-being benefits, based on location
Retirement benefits
Paid Time Off and other leave of absence
Flexible/Hybrid Work Arrangements
Sign on bonus available for a limited time

Why You'll Love This Job:
The Senior Quantitative Analyst will support the Director of Quality Control and work closely with the validation team within MVC group to perform quality control testing over the validation work performed by the validators to ensure the validation work is up to the standards as defined by DTCC Model Risk Management policy, Model Validation Procedures and regulatory requirements. This position will also have frequent interactions with multiple internal and external stakeholders such as Quant groups, Product Risk, IT, Management, Clients, Internal Audit and our Regulators. Successful candidate is encouraged to quickly achieve a comprehensive understanding of DTCC's businesses and be able to apply industry best practices to DTCC's business context.

Your Responsibilities:

Perform quality control testing on the validation work to ensure the compliance with internal and external requirements
Enforce DTCC model documentation standards across the firm and identify gaps and build action plans to remediate the gaps
Perform data review and control and act as liaison between the validation team and Data Integrity team to set up monitoring thresholds
Present quality control and data review results and resolutions to Model Risk Governance Council (MRGC)
Interface with auditors and regulators on the quality control aspect of model validation and data review
Any other ad hoc analyses, reviews and validations

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

Talents Needed For Success:

3 years of related experience minimum
Master's degree in Finance/Mathematics/Engineering required, PhD a strong plus
High level of computer literacy, ability to work effectively with Matlab, SQL ,R, Python or C++
Broad expertise in quantitative finance on valuation models (curve building methodologies, term structure models, option models, credit models), and risk management models and methodologies (Greeks, VaR, back testing, stress testing).
Experience and expert knowledge on VaR modeling and VaR model back testing methodologies
Strong mathematical background, especially in probability theory, stochastic processes, and PDE's.
Econometric modeling and applied statistics skills (i.e. estimation, time series modeling, Monte Carlo simulation techniques, etc.)
Excellent written and verbal communication and presentation skills, ability to communicate quantitative concepts to financial professionals
Familiarity with the regulatory requirements in terms of model risk management (SR11-7) and SEC Covered Clearing Agency Standards

**NOTE: This role is open to all DTCC Locations: Dallas, Tampa, Jersey City, Boston**

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of 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 essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.