Quantitative Finance Manager Job Description
Quantitative finance manager
provides subject matter expertise on Counterparty Credit Capital initiatives related to CCAR, and Basel III.
Quantitative Finance Manager Duties & Responsibilities
To write an effective quantitative finance manager job description, begin by listing detailed duties, responsibilities and expectations. We have included quantitative finance manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Engaging professional in trading and risk management in frequent dialogue regarding portfolios, markets, positions, liquidity, funding, pricing, valuation
Institutes the quantitative modeling infrastructure, in terms of systems, environment, processes and procedures by providing guidance on selection of modeling and application development platform, architecture and design
Checks the conceptual soundness of the models, assess data quality and integrity model assumptions and review results for reasonableness while understanding the cause of variances between stress scenarios and portfolios
Coding ability in C++ and Python is a plus
Work closely with team members in New York, London and Hong Kong as part of our global team
Apply quantitative techniques and market intuition to perform analysis on often novel or unconventional trades
Advance existing initiatives on valuation modelling, market data collection, price generation and quality control
Maintain and develop several forecast models for new and existing Merchant relationships (partnering with LOB, Treasury, analytics, credit, loss forecasting)
Provide ad-hoc support to satisfy needs for business partners and Finance management
Ensure each portfolio has an up-to-date model of back-book/front-book assumptions with current working assumptions on portfolio run-off and losses (if applicable)
Quantitative Finance Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Quantitative Finance Manager
Typically a job would require a certain level of education.
Employers hiring for the quantitative finance manager job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Statistics, Finance, Physics, Mathematics, Economics, Education, Math, Engineering, Quantitative Finance, Industrial Engineering
Skills for Quantitative Finance Manager
Desired skills for quantitative finance manager include:
SAS
SQL
R
Microsoft Office Excel
Rate and credit modeling
Matlab
Optimization solvers
Banking products and services
Basel II
Basel III and CCAR
Desired experience for quantitative finance manager includes:
Advance degree in quantitative fields such as statistics, financial engineering, physics, mathematics, computer science
Significant engagement management business, practice, and people development
Data management experience (e.g., extracting, aggregating and structuring large volumes of data, ) in the context of analytics
Management of quantitative analysts responsible for the development, testing, documentation and installation of retail capital models (probability of default, loss given default and exposure at default)
Support for maintenance and ongoing monitoring, including investigation and resolution of MRM issued required actions and threshold breaches observed during monitoring cycles
Improvements to model development infrastructure, such as development systems, data diagnostics and documentation tools
Quantitative Finance Manager Examples
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Quantitative Finance Manager Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of quantitative finance manager. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for quantitative finance manager
- Run multiple economic scenarios based on stress-factors
- Used to challenge status quo in a proactive and effective manner
- Can do’ attitude that translates into pragmatic solutions
- Ability to lead execution of projects and work with other teams
- Lead efforts in development and execution of consumer risk models, analytic processes or system approaches
- Independently conduct quantitative analytics and complex modeling projects
Qualifications for quantitative finance manager
- 3+ years of managing quantitative teams
- Documentation using Microsoft Office products and LaTeX
- Up-to-date knowledge of industry trends and developments, consumer lending, and an understanding of sound risk management principles
- PhD or Master's degree in quantitative fields such as statistics, financial engineering, physics, mathematics, computer science, etc
- In-depth understanding of standard market and counterparty risk measurement models
- Advanced programming skills in Python, C++
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Quantitative Finance Manager Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of quantitative finance manager. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for quantitative finance manager
- Strong academic background in econometrics or statistics (M.S
- Strong skills/intuition in Economics and Finance
- Experience with financial markets, and banking
- Places value on process automation with an eye for reproducibility of results
- Experience working with Unix/Linux environment
- Minimum of 3+ years of experience as a Financial Mgr/Analyst
Qualifications for quantitative finance manager
- Create documentation for all activities and may work with technology staff in design of any system to run models developed
- Apply analytical tools to assess risks to enterprise under stress, to design optimal strategies around pricing and originations, and to create integrated frameworks to assess interest revenues, non-interest revenues and credit losses in a consistent fashion
- Improve model development infrastructure, such as development systems, data diagnostics and documentation tools
- 10+ years of quantitative development or modeling experience
- 10+ years of working experience with financial market data process development including modeling, backtesting, attribution and documentation
- Ability to coach junior analysts and act as a functional team lead