Quantitative Model Validation Engineer

Pay Rate: $95 per hour

Location: New York, NY

Work Mode: Hybrid (min. 3 days/week at the office)

Summary:

• The Model Validation team is responsible for independently validating and monitoring cross-asset models and analytics delivered by the company.

Responsibilities:

• Design and implement a validation framework to assess the performance of analytics produced by the company's quantitative libraries.
• Perform in-depth validation of quantitative models and evaluate them using relevant performance metrics.
• Design and implement a technical solution to validate and monitor financial models.
• Develop an understanding of the quantitative library and its key components.
• Produce clear, well-structured validation reports and present findings to internal collaborators.
• Define model testing strategies and document model methodologies and assumptions.
• Contribute to building and maintaining the automated tests framework.
• Apply strong knowledge of financial markets, including pricing conventions and valuation assumptions.
• Deliver high-quality insights and support with a strong customer-focused mindset.
• Solve complex analytical and technical problems with a high degree of independence.

Requirements:

• 5 years of solid understanding of quantitative models and methodologies, with the ability to critically assess and validate them.
• Strong proficiency in Python (good development practices) and experience with key data structures and libraries.
• Knowledge of financial markets, products, and pricing frameworks.
• Strong problem-solving skills and the ability to work on sophisticated model-related challenges.