Quantitative Analyst

Mindlance; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

A leading consulting firm in Toronto seeks a Quantitative Analyst for a 12+ month contract. The role involves designing and implementing product models with a focus on securitized products. Candidates should have a Ph.D or Master's in a quantitative field and 5-9 years of industry experience. Proficiency in Python and strong analytical skills are essential. This position offers an inclusive workplace committed to equitable hiring practices.

Qualifications

• 5-9 years of relevant industry experience.
• Solid knowledge of financial instruments and derivatives.
• Knowledge on QRM, PolyPaths and Intex is a plus.

Responsibilities

• Design and implement rate and spread product models.
• Assist traders and risk managers in understanding models.
• Prepare model documentation and validation submissions.

Skills

Analytical skills

Self-motivated learner

Programming in Python

Knowledge of financial instruments

Education

Ph.D or Master’s degree in quantitative areas

Tools

Python

C++

C#

Job description

Job Title: Quantitative Analyst

Location: Toronto, ON (Onsite)

Duration: 12+ Months

Daily Responsibilities

This role will be involved in designing, implementing, testing, and rolling out the rate and spread product models in the current and future analytical environment, with a heavy emphasis on the securitized products. The daily work also includes assisting the traders, risk managers, and product controllers to understand the models and interpret the outputs, preparing the model documentation and validation submissions, as well as tracking the model performance.

Must Have Skills

• Ph.D or Master’s degree in one of quantitative areas such as mathematics, statistics, physics or computer science
• 5-9 years of relevant industry experience
• Solid knowledge of financial instruments and derivatives, such as securitized products, bonds, IR swaps, futures, and options, as well as related pricing and risk management models
• Excellent analytical skills
• A fast and self-motivated learner who takes the ownership of the projects and deadlines
• Proficient in at least one of the programming languages such as Python (preferred), C++, and C#.
• Knowledge on QRM, PolyPaths and Intex is a plus.

Nice to have Skills

• Broad knowledge of financial markets and regulations is good to have.
• Experience in asset liability management is helpful.

Mindlance is an equal opportunity employer. We are committed to inclusive, equitable, barrier-free recruitment and selection processes, and work environment in accordance with the Accessibility for Ontarians with Disabilities Act (AODA). We will be happy to work with applicants requesting accommodation at any stage of the hiring process.