Senior Quant Engineer – Capital Market Technologies
swissQuant Group provides quantitative services, consultancy, and products for financial and industrial clients, including a number of global Fortune 500 companies. Our business edge originates from the effective translation of Intelligent Technology into measurable, bottom-line client value. swissQuant Group is a privately held company incorporated in 2005 as a spin-off of ETH Zürich.
Your role
As a Senior Quant Engineer, you will have responsibility for researching, developing, validating and maintaining quantitative risk models and associated IT infrastructure, with a particular focus on risk models for Central Counterparties (CCPs). Topics will vary greatly depending on live projects but will mainly revolve around margin methodologies (e.g. SPAN, VaR/ES-based initial margin), default fund sizing, stress testing, backtesting and model validation frameworks, drawing on techniques from quantitative finance and statistical learning (machine learning).
You will
- Design, build and deliver robust and production quality models and code within a unified library
- Lead the systematic review, independent validation and on-going assessment of existing models in line with EMIR, CPMI-IOSCO PFMI and equivalent regulatory standards
- Liaise with senior stakeholders to ensure that the model meets their requirements and ensure that they agree with the modelling assumptions and understand the associated risks
- Deliver high quality documentation, validation reports and presentations to support and maintain model and library use
- You will work on the development of cutting-edge methodologies and technologies for major international clients
Your tasks will include designing, prototyping, and testing quantitative risk models applied to capital markets in a real-world context. It may also include presenting your work and ideas to people with a diverse spectrum of experience and domain knowledge. You will also engage and participate in all phases of transformation of a quantitative idea into a final product or service, from the Proof-of-Concept to client deliverables. Work is done both in a client project context as well as internal innovation / research tasks. This requires a high level of hard and soft skills which you will contribute as a team member. Your personal success will depend equally on your ability to conceptualize and develop state-of- the-art models as well as your ability to function well within a team. Given the seniority of the role, you will also mentor junior team members and help shape the team's technical direction.
Stakeholder Management / Leadership
- Drive and challenge discussion of modelling options with senior stakeholders
- Lead the gathering and documentation of model requirements
- Communication of model development progress, including attendance at regular working groups and escalation of risk and issues to senior stakeholders
- Communication and explanation of model results to stakeholders
Decision-making and Problem Solving
- Ability to convert business and regulatory objectives into technical modelling solutions
- Data analysis for trends and signal extraction
- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, enterprise wide risk mitigation guidance and internal swissQuant policies and standards
You bring
- Post graduate degree in a highly quantitative discipline
- 5+ years of relevant industry experience in quantitative risk modelling within capital markets
- Excellent communication skills. Fluency in English, German is a plus
- Able to deliver to tight deadlines on quantitative projects
- Able to work in a highly dynamic environment
- Python (preferred), R or MATLAB advanced proficiency (Java is a plus)
- Good understanding of statistical and econometric modelling techniques – e.g. time series analysis, regression models and various estimation techniques, machine learning
Preferred
- PhD in a highly quantitative discipline
- Hands-on experience with CCP risk models, initial margin methodologies (SPAN, FHS), default fund and stress testing frameworks
- Familiarity with EMIR, CPMI-IOSCO PFMI, and CCP regulatory reporting
- Experience in designing, developing and independently validating statistical, econometric and machine learning models.
- Experience in analyzing large volumes of data including cleaning and subsequent pattern identification and clustering
- Knowledge of financial markets and products
- Experience with trading or clearing software (Murex, Front Arena, FIS, Calypso)
- Experience with Digital Assets (Tokens, Blockchain, Web3)
swissQuant Group is a fast paced and dynamic company. We offer room for growth and a high level of personal responsibility in a challenging environment. As a successful candidate, you will join a project team and take an active part targeting clients and aligning our product offering with real client needs and future industry trends.
Interested? Please upload your cover letter, CV and reference letters in PDF format (please compress in 1 attachment).
Only direct applications are considered
swissQuant is an equal opportunity employer and we are committed to providing a workplace free from discrimination.
Decisions related to hiring are made fairly, and we provide equal employment opportunities to all qualified candidates and employees. All applicants will be considered for employment without attention to race, colour, religion, sex, sexual orientation, gender identity, national origin, or disability status.
