Junior Quantitative Specialist - Corporate & Investment banking - New York, New York, United States

Societe Generale

$80K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Master's degree in finance, Mathematics, or related field
  • 1+ years of experience in quantitative analysis or a related role
  • Strong quantitative and analytical skills
  • Programming skills in Python preferred
  • Knowledge of derivatives pricing and risk metrics

Responsibilities

  • Support senior quants in derivatives pricing model documentation and validation
  • Maintain and improve internal quant tools used by trading desks
  • Conduct periodic model performance monitoring including backtesting and benchmarking
  • Address client queries pertaining to UMR and SIMM calculations
  • Assist in creating a well-documented internal knowledge base
  • Provide support for trading tools locally in AMER
  • Develop expertise in pricing models, SIMM, regulatory frameworks, and margin models

Benefits

  • Eligible for annual discretionary bonus
  • 401(k) plan with company match
  • Comprehensive medical, dental, and vision coverage
  • Benefits for fertility, wellness, and student loan assistance
  • Support for commuter expenses
Full Job Description
ResponsibilitiesWe are seeking a Junior Quantitative Analyst to work along with the FIC and EQD quants in AMER. This is foundational role designed to build long-term depth, continuity and expertise within the team.The candidate will work closely with senior quants across derivatives pricing, margin models and pricing models monitoring (MRM), gradually taking ownership of key recurring items.Main ResponsibilitiesSupport senior quants in derivatives pricing model documentation and validation tasksHelp maintain and improve internal quant tools and scripts used for pre-trade by trading desks (both FIC and EQD)Perform periodic model performance monitoring: backtesting, benchmarking, and exception reporting in line with model risk management (MRM) policyAddress client queries related to UMR and SIMM calculationsAssist in building and maintaining a clean, well-documented knowledge base internally in ARDProvide support to trading on the ARD tools locally in AMER.Build expertise on pricing models, SIMM, regulatory frameworks, and margin modelsParticipate in documentation and process improvementProfile requiredProfile RequiredTechnical SkillsStrong quantitative and analytical skillsKnowledge of derivatives pricing and risk metricsProgramming skills (Python preferred)Experience1+ years of experience with strong academic backgroundExposure to pricing models, SIMM is a plusEducation Master's degree in finance, Mathematics, or related fieldCOMPENSATION:Base salary range does not include overtime pay, bonus and/or other benefits, where applicable. Actual base salary offer will vary based on skills and experience. The role is eligible for an annual discretionary bonus and includes a competitive benefits package including 401(k) plan with company match, medical/dental/vision, and other benefits for fertility, wellness, student loans and commuters.

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