Syntricate Technologies

Quantitative Risk Model Developer

Syntricate Technologies • $145K *
US-AnywhereRemote in Tampa, FL
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Master's Degree with 2 years of experience or Bachelor's Degree with 4 years of experience.
  • Proficiency in programming languages such as Python, R, C++, and shell scripts.
  • Strong foundation in applied mathematics, statistics, and numerical methods.
  • Experience analyzing large and complex datasets.
  • Proven experience in developing and maintaining technical documentation for models and validation processes.
  • Experience in quantitative finance or a related field is preferred.
  • High proficiency in Microsoft Office, particularly Excel.
  • Demonstrable clear communication skills, both written and verbal.
  • Self-motivated and detail-oriented with project management skills.

Responsibilities

  • Develop and validate techniques for measuring and analyzing risk in counterparty credit models.
  • Conduct ongoing performance testing of counterparty credit risk models using various analytical methods.
  • Enhance backtesting procedures to comply with regulatory standards.
  • Prepare comprehensive technical validation documentation to meet regulatory and industry guidelines.
  • Present findings from model development and enhancements to senior management and regulators.
  • Support credit risk management by calculating portfolio-level counterparty exposures for risk management and regulatory requirements.
  • Create a unified library for automating model performance monitoring and coding quality assessment testing.
  • Develop tutorials and documentation for use within the quantitative risk team.

Benefits

  • Hybrid work model with three days onsite in Tampa, FL.
  • Long-term contract of 12+ months.
  • Opportunities for professional development and growth.
  • Access to advanced risk modeling tools and technologies.
Full Job Description
Quantitative Risk Model Developer
Tampa, FL (3 days onsite - Hybrid)
12+ Months
Web Cam Interview

$70/Hr on W2

Must Haves:
  • Master's Degree with 2 years of working experience or Bachelor's Degree with 4 years of working experience
  • Proficiency in programming language (e.g. Python, R, C++, shell scripts) is required
  • Solid knowledge in applied mathematics, statistics, numerical methods.
  • Experience in analyzing large and complex datasets.
  • Experience in developing and maintaining detailed technical documentation for models, model validation, project plans and processes.
  • Experience in quantitative finance or a related field preferred
  • Proficient in Microsoft Office with an emphasis on MS Excel
  • Consistently demonstrates clear and concise written and verbal communication skills
  • Self-motivated and detail oriented
  • Demonstrated project management and organizational skills and capability to handle multiple projects at one time.
Plusses:
  • Ph.D. degree in quantitative field (e.g. quantitative finance, finance engineering, economics, computer science, statistics, mathematics, engineering, etc.) with research experience in modeling and numerical simulation.
General Notes:
  • Solid programming background in Python
  • Statistics and numerical experience, hypothetical testing, and should be able to write/run code independently
  • Able to handle root cause analysis and work independently
Responsibilities
  • Develops, enhances, and validates the methods of measuring and analyzing risk and addresses deficiency of current counterparty credit risk models.
  • Performs rigorous ongoing model performance tests for all counterparty credit risk model production regularly by means of backtesting, impact analysis, statistical analysis, etc.
  • Enhances BAU backtesting to meet the regulatory guidelines.
  • Prepares detailed technical documentation report for validation purposes sufficient to meet regulatory guidelines and exceed industry standards.
  • Present key findings in model development and enhancement to senior management and supervisory authorities.
  • Support trading book credit risk management: calculate portfolio level counterparty exposure such as EPE, EAD, CVA, used for both internal risk management, regulatory capital calculation and stress testing.
  • Develops unified library package to automate the ongoing model performance monitoring and create related unit tests for coding quality assessment.
  • Develops tutorials and documentation for widespread library usage among quantitative risk team members and risk managers.

About Syntricate Technologies

Syntricate Technologies Careers

Joining Syntricate Technologies presents an unparalleled opportunity to advance a career in technology with a company at the forefront of digital innovation. Syntricate Technologies is renowned for its commitment to leadership, diversity, and leveraging technology to solve complex problems. This is where professionals come to not just seek job opportunities but to forge lasting careers in an environment that values growth and leadership.

Explore Career Opportunities

Syntricate Technologies is actively hiring and offers a variety of positions that cater to different skills and career aspirations. From entry-level roles to leadership positions, the potential for professional advancement is nearly limitless. Syntricate Technologies is not just a company; it's a place where talented individuals can thrive.

Innovation and Professional Growth

At Syntricate Technologies, innovation isn't just another buzzword—it's the cornerstone of the company culture. Employees are encouraged to push the boundaries of what is possible, bringing groundbreaking solutions to the table. With a team of dedicated professionals, Syntricate Technologies fosters a culture of continuous improvement and professional growth.

Diversity and Inclusion

Syntricate Technologies believes that diversity fuels innovation. With a commitment to creating a diverse and inclusive workplace, the company actively seeks to hire individuals from various backgrounds and experiences. Diversity training is integral, ensuring that all team members feel valued and understood.

Internship Programs and Employment Benefits

For those starting their careers, Syntricate Technologies offers robust internship programs that provide real-world experience and networking opportunities. Interns at Syntricate Technologies gain invaluable industry insights and professional skills that are crucial for future employment. Full-time employees enjoy a comprehensive benefits package that supports both their professional and personal lives. Benefits at Syntricate Technologies are designed to ensure employees are healthy, happy, and secure.

Applying for a Position

To apply for a position at Syntricate Technologies, candidates should prepare a resume that highlights relevant experience and skills. The interview process is designed to assess not only professional qualifications but also a candidate's fit within the company culture. Syntricate Technologies values curiosity, creativity, and a passion for technology.

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Learn more about Syntricate Technologies
Size
51 employees
Industry
Information Technology
* Ladders Estimates

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