This major Hedge Fund is looking for a leading quant analyst to join their hugely successful Front office quant modelling team covering agency and non-agency mortgages at their head-offices in New York. The successful individual will be offered exceptional training in order to fast track them to Managerial positions (dependent upon candidate aspirations). The candidate will be covering all Mortgage products (ABS/MBS/CMBS/RMBS) and will be expected (given the opportunity to) create, develop and follow through new models, so if you are looking for a hands-on opportunity, this is the perfect role for you.
Responsibilities of the Mortgage Quant Analyst role:
-Candidate will be analysing and benchmarking current models, and be given the opportunity to build their own models, which will be largely used by the trading desk.
-Stress testing current models and identifying any potential risks that might affect the trading products.
-Managing all risk scenarios by planning solutions in advance.
-Supporting and assisting all senior traders, working closely with them on a day-to-day basis.
Requirements for the Mortgage Quant Analyst role:
-Extensive experience with Mortgage products, as this is a senior hire – candidates are expected to hit the ground running.
-Credible academic background required with AT LEAST a Masters in a Finance related degree, but those with a PhD are at an advantage.
-Previous experience in an investment bank is required.
-Strong programming skills in i.e. C++, VBA, Intex etc....
-Good knowledge of statistics and at least one statistical package such as R/Splus, SAS, Stata, etc
-Excellent level of Financial Mathematics i.e. stochastic calculus, PDE modelling, binomial trees, time series analysis etc.
-Experience manipulating large datasets such as Loan Performance and trustee/servicer data including data cleaning
This Hedge Fund has an exceptional team with outstanding opportunities, which offers a generous salary.
To apply for this Front Office Mortgage Quant Analyst role please click the apply button or call 2122097310