Talent.com
Quantitative Risk Developer
Quantitative Risk DeveloperMassMutual • Boston, MA, US
Quantitative Risk Developer

Quantitative Risk Developer

MassMutual • Boston, MA, US
9 hours ago
Job type
  • Full-time
Job description

The Opportunity

This is an exciting opportunity for a highly motivated and collaborative risk professional with strong quantitative and development expertise to join the Credit Risk Management team within the Capital and Investment Risk Management team and the broader Enterprise Risk Management division.

As a quantitative risk developer within the Capital & Investment Risk Management team , you will be responsible for leading quantitative model implementation, development, and analysis. The ideal candidate will join a quant team to enhance Enterprise Risk Management ( ERM ) 's analytical and reporting capabilities, by expanding the use of existing models as well as designing and developing new tools and risk frameworks.

You will work with capital, credit, market and portfolio risk teams, and ERM more broadly. This is an excellent opportunity to collaborate with risk, investment and finance, and enterprise technology (including data science) teams.

The Team

The Capital & Investment Risk team brings together a diverse team of experts across capital markets, risk management, actuarial, and quantitative disciplines that works together to deliver analysis and recommendations related to the management of credit, market, liquidity and capital risk, consistent with the enterprise risk appetite framework for which the team is also responsible.

The team continues to be successful in driving improvements in tools, technology and processes, for more consistent risk analysis and reporting, and enabling greater opportunities for scale and efficiency within ERM and with stakeholders in Investment Management and Finance.

The Impact

  • In this role, you will play a critical part in ensuring company's credit risks are effectively identified, measured and mitigated, by bringing your deep analytical expertise and strong understanding of credit risk / investment risk modeling, data and infrastructure.
  • Your work will help shape robust, data-driven decision-making across risk and investment areas and influence MassMutual's evolving business strategy and operating environment.
  • You will partner with your peers in driving improvements in tools, technology and processes, for more consistent risk analysis and reporting, and enabling greater opportunities for scale and efficiency within ERM and with stakeholders in Investment Management and Finance.
  • There is a strong emphasis on innovation, with growing opportunity to apply AI-driven techniques and scalable data solutions to drive more forward-looking, efficient risk analytics that embrace emerging technologies.
  • The key to success in this role is a sharp analytical mindset, the ability to translate complex risk metrics into actionable insights, and a strong partnership approach with stakeholders across risk, investment management, finance, and technology.

Notable responsibilities include :

  • Implement, develop and enhance ERM's analytical capabilities related to credit / market risk across a wide range of fixed income asset classes
  • Building on MassMutual's current approach, assist in developing and syndicating a comprehensive framework for measuring portfolio credit & market risk, that considers different accounting and capital regimes, including asset and liability impacts, with a particular emphasis on economic capital
  • Automate and expand the use of Moody's credit risk tools in place today and build risk- reward framework
  • Use of Python / SQL. Also, use of spreadsheets and VBA to prototype and analyze data including data investigation / cleanup
  • Strengthen ERM's use and development of tools and analytics to support derivatives counterparty risk, portfolio concentration risk & stress testing capabilities
  • Mentor junior quantitative analysts
  • Scope and implement modeling, including building out requirements where not yet fully defined or understood.
  • The right candidate will be agile, accountable and resilient in driving initiatives and the results
  • The Minimum Qualifications

  • Bachelors degree in Computer Science, Financial Engineering, Mathematics, Physics, Engineering or similar quantitative discipline
  • Minimum 8 years of relevant work experience with 5 years in investment (credit / market) quantitative risk analytics OR 5 years of relevant work experience in investment (credit / market) quantitative risk analytics combined with graduate studies
  • 5+ years of experience with expertise in Python, SQL and development skills in object-oriented programing
  • 5+ years of experience with strong quantitative model development & implementation skills and ability to validate / understand and explain analytical results
  • 5+ years of experience in quantitative risk modeling across a wide range of asset classes
  • 3+ years of experience with ability to engage with operational work in production environment with IT developers / solution architects in maintaining infrastructure
  • 5+ years of experience with quantitative and programming skills in a hands-on setting to deliver new functionality
  • The Ideal Qualifications

  • 7+ years of relevant work experience in investment (credit / market) quantitative risk analytics is desirable
  • Advanced degree in Computer Science, Financial Engineering, Mathematics, Physics, Engineering or similar quantitative discipline is preferred
  • Knowledge and experience working with derivatives and hedging risk management
  • Experience in using Moody's Analytics credit risk tools is desirable.
  • Experience in CECL compliant portfolio credit models
  • Experience applying machine learning techniques in the financial industry is desirable
  • Software development using GitHub and Docker , adhering to enterprise standards and best practices ensuring models are validated and governed
  • Previous experience working on liability-driven investing projects within an insurance company is desirable
  • What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Quantitative teams within ERM, Investment management & ETX project teams
  • Focused one-on-one meetings with your manager
  • Networking opportunities including access to Asian, Hispanic / Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a string and stable ethical business with industry leading pay and benefits
  • #LI-ST1

    MassMutual is an equal employment opportunity employer. We welcome all persons to apply.

    If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

    California residents : For detailed information about your rights under the California Consumer Privacy Act (CCPA), please visit our California Consumer Privacy Act Disclosures (protecting-your-information / privacy-policy / california-consumer-privacy-act) page.

    Create a job alert for this search

    Quantitative Developer • Boston, MA, US

    Related jobs
    AI Writing Reviewer - Remote

    AI Writing Reviewer - Remote

    Outlier • Brockton, MA, United States
    Remote
    Full-time
    Earn up to $15 / hour + performance bonuses.Outlier, a platform owned and operated by Scale AI, is looking for.If you're passionate about improving models and excited by the future of AI, this is you...Show more
    Last updated: 9 days ago • Promoted
    Operational Assurance Analyst

    Operational Assurance Analyst

    Needham Bank • Wellesley, MA, United States
    Full-time +1
    Operational Assurance Analyst .The Operational Assurance Analyst will assist in executing quality assurance reviews to provide oversight and monitoring of high-risk activities, including but not...Show more
    Last updated: 30+ days ago • Promoted
    CRNA Auditor​

    CRNA Auditor​

    Yale New Haven Health • Cumberland Hill, RI, United States
    Full-time
    To be part of our organization, every employee should understand and share in the YNHHS Vision, support our Mission, and live our Values. These values - integrity, patient-centered, respect, account...Show more
    Last updated: 16 days ago • Promoted
    Construction Risk Manager

    Construction Risk Manager

    USPRO • Bridgewater, MA, United States
    Full-time
    The Construction Risk Manager is responsible for developing, administering, and improving the company’s risk management and insurance programs. This includes contract risk review, insurance complian...Show more
    Last updated: 30+ days ago • Promoted
    Remote AI Content Reviewer

    Remote AI Content Reviewer

    Outlier • Pawtucket, RI, United States
    Remote
    Full-time
    Earn up to $15 / hour + performance bonuses.Outlier, a platform owned and operated by Scale AI, is looking for.If you're passionate about improving models and excited by the future of AI, this is you...Show more
    Last updated: 9 days ago • Promoted
    Business Intelligence Developer

    Business Intelligence Developer

    Kelmar • Wakefield, MA, United States
    Full-time
    The Business Intelligence Developer will report to, and work closely with other developers across multiple projects to help create custom and complex reports, dashboards and other visualizations us...Show more
    Last updated: 30+ days ago • Promoted
    Controller

    Controller

    Jobot • Rockland, MA, US
    Permanent
    Controller - / $$$ / + Bonus Opportunities - Great Benefits & Great Culture.This Jobot Job is hosted by : Scott Dennis.Are you a fit? Easy Apply now by clicking the "Apply Now" button and sending us...Show more
    Last updated: 30+ days ago • Promoted
    Remote Content QA Reviewer

    Remote Content QA Reviewer

    Outlier • Brockton, MA, United States
    Remote
    Full-time
    Earn up to $15 / hour + performance bonuses.Outlier, a platform owned and operated by Scale AI, is looking for.If you're passionate about improving models and excited by the future of AI, this is you...Show more
    Last updated: 9 days ago • Promoted
    Director of Credit Risk

    Director of Credit Risk

    DataAnnotation • MA, United States
    Full-time +1
    Director of Credit Risk to train AI models.You will measure progress of AI chatbots, evaluate logic, and solve problems to improve model quality. The role requires senior financial reasoning (financ...Show more
    Last updated: 10 days ago • Promoted
    Quantitative Consultant

    Quantitative Consultant

    MassMutual • Boston, MA, US
    Full-time
    MassMutual is seeking a Quantitative Consultant to join our Product Modeling team within the Annuity Product Department.In this role, you will collaborate with cross-functional teams to define prod...Show more
    Last updated: 6 hours ago • Promoted • New!
    Remote Text Quality Evaluator

    Remote Text Quality Evaluator

    Outlier • Brockton, MA, United States
    Remote
    Full-time
    Earn up to $15 / hour + performance bonuses.Outlier, a platform owned and operated by Scale AI, is looking for.If you're passionate about improving models and excited by the future of AI, this is you...Show more
    Last updated: 9 days ago • Promoted
    Cyber Security and Data Protection analyst

    Cyber Security and Data Protection analyst

    Rose International • Andover, MA, US
    Full-time +1
    Cyber Security and Data Protection analyst.Hybrid (2-3 days onsite in a week).Estimated Duration (In months) : .Architect, Confluence, Cybersecurity, Designing, Modeling. Required Certifications / Licen...Show more
    Last updated: 6 days ago • Promoted
    Accounting Manager

    Accounting Manager

    CFS • Plymouth, MA, US
    Full-time
    Accounting Manager | Hospitality / Leisure.Posted by Creative Financial Staffing (CFS).Our client, a hospitality & leisure organization, seeks an. Oversee month-end close + reporting.Support budgeti...Show more
    Last updated: 14 days ago • Promoted
    Exciting Dermatologist Career in Gloucester, VA

    Exciting Dermatologist Career in Gloucester, VA

    Integrated Dermatology • Gloucester, US
    Full-time
    Join a thriving, full-service dermatology practice offering general, surgical, and cosmetic dermatology.Timothy Gardner, a Fort Sam Houston military trained dermatologist and Walter Reed Medical Ce...Show more
    Last updated: 30+ days ago • Promoted
    CRNA Researcher​

    CRNA Researcher​

    Yale New Haven Health • Valley Falls, RI, United States
    Full-time
    To be part of our organization, every employee should understand and share in the YNHHS Vision, support our Mission, and live our Values. These values - integrity, patient-centered, respect, account...Show more
    Last updated: 16 days ago • Promoted
    Quantitative Developer — Research Data Platform

    Quantitative Developer — Research Data Platform

    Arrowstreet Capital, Limited Partnership • Boston, MA, United States
    Full-time
    A systematic investment firm in Boston seeks a Quantitative Developer to join their Research team.Responsibilities include writing and maintaining Python and R code, enhancing the data science tech...Show more
    Last updated: 3 hours ago • Promoted • New!
    Securities Reconciliation Associate

    Securities Reconciliation Associate

    Kelmar • Wakefield, MA, United States
    Full-time
    The Securities Reconciliation Associate will be responsible for performing research and analysis related to client unclaimed property records. The Securities Reconciliation Associate will perform ta...Show more
    Last updated: 30+ days ago • Promoted
    Quality Control Microbiology Analyst II

    Quality Control Microbiology Analyst II

    Careers Integrated Resources Inc • Norton, MA, US
    Full-time
    Job Title : Quality Control Microbiology Analyst II.Duration : 6 Months+ (Possibilities of Extension).The Quality Control Microbiology Analyst II plays a role in supporting the department's efforts t...Show more
    Last updated: 26 days ago • Promoted