Financial Engineering Positions - Boston, MA
Head of Financial Engineering - Boston, MA (30613)
Description and Role:
The Head of Financial Engineering is responsible for managing and directing all aspects of the company’s financial engineering and research. This person will play a vital role in establishing and extending the company’s global thought leadership with respect to risk management, portfolio construction and performance attribution.
This person will be actively involved in global market development and business development by serving as a quantitative, product and industry expert through published white papers and public speaking engagements.
In addition, this person will oversee a team of financial engineers that actively support sales, client service and implementation teams. The role also serves as a key member to define and direct the company’s global product strategy with respect to risk management and performance attribution. As such, this person will work closely with Product Management and Development.
Some travel is expected.
Specific Responsibilities:
The Head of Financial Engineering is personally responsible for serving as the company’s global quantitative expert, publishing white papers and applied research, speaking at industry and company sponsored events, and serving as liaison with the company’s quantitative strategic partners.
In addition, the Head of Financial Engineering will direct a team of financial engineers with responsibility for:
- Conducting applied research with our products to demonstrate key benefits and advantages.
- Directly participating in sales presentations to Chief Investment Officers, Heads of Risk Management, Heads of Quantitative Analysis and research units, and Portfolio Managers.
- Directing financial modeling development including specification and prototyping; evaluation and selection of financial modeling methodologies; review, selection, negotiation and implementation of third party financial modeling software, as appropriate.
- Producing functional designs and specifications for both internal research and development projects and for client and advanced user group sponsored projects
- Providing quantitative client support, and performing periodic fee-based consulting.
- Supporting Professional Services implementation consultants on quantitative subject matter and quantitative aspects of the company’s software applications.
- Cross-training select company staff from global locations as a means of staff development.
Requisite Skills and Experience:
The ideal candidate will have:
- Masters in quantitative discipline (mathematics, physics, statistics, economics, finance, financial engineering).
- 7 to 10+ plus years of financial engineering and financial industry experience.
- In-depth knowledge of a wide range of financial instruments (equity, fixed income, derivatives, credit derivatives, FX) particularly with respect to pricing, modeling, trading and market conventions, sensitivities, and risk characteristics.
- Strong knowledge of credit risk modeling, and default probability and correlation estimation techniques.
- Strong technical knowledge and experience including the ability to code in MATLAB, SPlus, C and C++, along with strong SQL skills.
- Risk management experience including factor models, Monte Carlo simulation, hedging, VaR.
- Ability to perform value-added research and to direct staff in their research efforts.
- Excellent communication and presentation skills.
- Excellent credentials, and the ability to command respect and establish a high degree of credibility to a diverse audience of sophisticated, quantitatively oriented clients and prospects.
The following are preferred:
- PhD in quantitative discipline.
- Track record of published research and speaking.
- Trading and/or portfolio management experience.
- Experience with portfolio construction and optimization.
- Hedge fund and/or alternatives strategies portfolio or risk management experience.
Salary Range is commensurate with experience but expected to be between 170-200K annual salary plus bonus and incentives.
Contact:
Keith Stockton (keith@kastockton.com)
www.kastockton.com
KA Stockton & Company/Financial Information Search
PO Box 588 - 104 Millbrook Road
Broadway, New Jersey 08808-0588
Senior Financial Engineer - Boston, MA (4061)
Description and Role:
Working directly for Head of Financial Engineering, this person will contribute to establishing and extending global thought leadership with respect to risk management, portfolio construction and performance attribution. The Senior Financial Engineer will work closely with clients to create and develop specifications or new analytic techniques and functionality.
The Senior Financial Engineer also has primary responsibility for managing and coordinating the implementation of all new pricing and analytic models. This aspect of the job includes specification development, prototyping, and close coordination with our development team in Melbourne, Australia, as well as clients and Professional Services consultants. The role includes methodology selection and theoretical justification, balanced against pragmatic trade-offs such as operational issues, computational speed and the quality, availability and timeliness of data required to utilize various models.
As needed, the Senior Financial Engineer will also conduct and/or participate in applied research and publication of white papers, participate in modeling portfolios for prospects, and presenting and explaining pricing and other analytics to prospects and clients.
Some travel may be required.
Specific Responsibilities:
The Senior Financial Engineer’s responsibilities include:
- Specification development for new pricing models and other analytic functionality from both client directed projects.
- Providing quantitative client support, and performing periodic fee-based consulting, as requested by clients.
- Conducting applied research with our products to demonstrate key benefits and advantages.
- Directly assisting our Pre-sales team in modeling and analyzing prospect portfolios.
- Participating as needed in presentations to prospects and clients to explain pricing, analytic approaches, and the results.
- Supporting Professional Services implementation consultants on quantitative subject matter and quantitative aspects of software.
- Cross-training select staff from global locations as a means of staff development.
Requisite Skills and Experience:
- Masters in quantitative discipline (mathematics, statistics, financial engineering, physics).
- 3 to 5 plus years of financial engineering experience or experience in/or supporting trading units.
- In-depth knowledge of instruments (equity, fixed income, derivatives, credit derivatives, FX) pricing, modeling, trading and risk.
- Strong technical knowledge and experience including the ability to code in MATLAB, SPlus, C and C++, along with strong SQL skills.
- Experience developing or supporting risk management capabilities including factor models, Monte Carlo simulation & hedging tools.
- Ability to perform value-added research and publish.
- Strong communication and presentation skills.
The following will be favorably considered:
- PhD in quantitative discipline.
- Strong knowledge of credit risk modeling, and default probability and correlation estimation techniques.
- Experience with portfolio measurement, portfolio construction and optimization.
- Trading and/or portfolio management experience.
Compensation:
Commensurate with experience and not to exceed a salary of $140,000 plus bonus
Contact:
Keith Stockton (keith@kastockton.com)
www.kastockton.com
KA Stockton & Company/Financial Information Search
PO Box 588 - 104 Millbrook Road
Broadway, New Jersey 08808-0588
posted by HDShea @ 12:09 PM
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