Senior Quantitative Analyst

Senior Quantitative Analyst

Website Depository Trust & Clearing Corporation (DTCC)

Job Description

Are you ready to explore a world of possibilities?

Join our DTCC family, and you’ll grow your expertise and become the best version of you. As you embark on a new journey, you’ll tackle challenges with flexibility and grace, learning new skills and advancing your career while having the time of your life.

Why You’ll Love This Job:The Senior quantitative analyst will support the Director of Quality Control and work closely with the validation team within MVC group to perform quality control testing over the validation work performed by the validators to ensure the validation work is up to the standards as defined by DTCC Model Risk Management policy, Model Validation Procedures and regulatory requirements. This position will also have frequent interactions with multiple internal and external stakeholders such as Quant groups, Product Risk, IT, Management, Clients, Internal Audit and our Regulators. Successful candidate is encouraged to quickly achieve a comprehensive understanding of DTCC’s businesses and be able to apply industry best practices to DTCC’s business context.

Your Responsibilities:

  • Perform quality control testing on the validation work to ensure the compliance with internal and external requirements
  • Enforce DTCC model documentation standards across the firm and identify gaps and build action plans to remediate the gaps
  • Perform data review and control and act as liaison between the validation team and Data Integrity team to set up monitoring thresholds
  • Present quality control and data review results and resolutions to Model Risk Governance Council (“MRGC”)
  • Interface with auditors and regulators on the quality control aspect of model validation and data review
  • Any other ad hoc analyses, reviews and validations


**NOTE: The Primary Responsibilities of this role are not limited to the details above. **

  Talents Needed For Success:

  • 7 years of related experience minimum
  • Bachelor’s degree preferred with Masters or equivalent
  • Broad expertise in quantitative finance on valuation models (curve building methodologies, term structure models, option models, credit models), and risk management models and methodologies (Greeks, VaR, back testing, stress testing).
  • Knowledge of prepayment modeling, MBS pricing and risks is a plus.
  • Experience and expert knowledge on VaR modeling and VaR model back testing methodologies
  • Strong mathematical background, especially in probability theory, stochastic processes, and PDE’s.
  • Econometric modeling and applied statistics skills (i.e. estimation, time series modeling, Monte Carlo simulation techniques, etc.)
  • High level of computer literacy, ability to work effectively with Matlab, Excel(VBA), SQL ,R, Python or C++
  • Excellent written and verbal communication and presentation skills, ability to communicate quantitative concepts to financial professionals
  • Must have excellent interpersonal skills and can work in an efficient and organized way.
  • Ability to work independently and under pressure.
  • Ideally the incumbent should be familiar with the regulatory requirements in terms of model risk management (SR11-7) and SEC Covered Clearing Agency Standards

 We offer top class training and development for you to be an asset in our organization!

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

About Us 

DTCC safeguards the financial markets and helps them run efficiently, in times of prosperity and crisis. We are uniquely positioned at the center of global trading activity, processing over 100 million financial transactions every day, pioneering industry-wide, post-trade solutions and maintaining multiple data and operating centers worldwide. From where we stand, we can anticipate the industry’s needs and we’re working to continually improve the world’s most resilient, secure and efficient market infrastructure. Our employees are driven to deliver innovative technologies that improve efficiency, lower cost and bring stability and certainty to the post-trade lifecycle.
Our work environment favors openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork. When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.

About the Team

Our Risk Management teams work to protect the safety and soundness of our systems and are responsible for identifying, managing, measuring and mitigating a spectrum of key risk types including credit, market, liquidity, systemic, operational and technology in all existing and new products, activities, processes and systems.

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