Senior Quantitative Engineer

Northern Trust Corp; Bengaluru; On-site; INR 3,000,000 - 7,000,000; Full time

Job summary

Northern Trust in Bengaluru, India, seeks a Senior Quantitative Engineer to design and develop the Quant platform for equity and fixed income research and trade signal generation. You will work in an Agile team to transform researchers' requirements into robust models and scalable code.

Responsibilities include collaborating with researchers, enforcing coding standards, reviewing peers, and delivering reliable quantitative tooling with Python, PySpark, and modern big data technologies.

Qualifications

• BS in Computer Science, Engineering, or Information Technology.
• 12+ years of progressive experience in software engineering and quantitative analysis.
• Strong analytical skills with large data sets and libraries like PySpark, Pandas, Polars, Cuml, etc.
• Strong domain skills – Quantitative Research, Statistics, Risk, Equity Portfolio Management.
• Expert knowledge in Python, PySpark, R, Java; Python/PySpark is must.
• Experience with Databricks or similar large-scale data platforms.
• Knowledge of ML algorithms to build signals from data.
• Experience with algorithms and data structures; TD/Unit testing discipline.

Responsibilities

• Work closely with existing business and research teams.
• Gather requirements from researchers and convert them to technical specs and develop models.
• Ensure code meets standards and is tested for the platform.
• Provide technical guidance to the development team.
• Own design and coding as per requirements and communicate status to the team.

Skills

Python

PySpark

R

Java

Big data analytics

Statistics

Time-series analysis

ML concepts

Data processing

Education

BS in Computer Science / Engineering / IT

Tools

Databricks

Pandas

Cuml

Polars

Job description

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions. Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide. With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Northern Trust is looking for a Senior Quantitative Engineer to join its Technology Development Centre in Bengaluru, India in the Investment Management team. This individual as part of an Agile development team, will be responsible for analysis, design and development of Quant platform that manages Equity and Fixed Income research and trade generation using various Quant methodologies.

Major Duties

• Work closely with existing business and research team
• Gather requirements from researchers and convert them to Tech specs and develop the models
• Ensure code meets standards and tested appropriate to the platform
• Provide technical guidance to the development team
• A team player with an ability to own the design and code as per requirement given.
• Communicate status (written and verbal) to project team and management
• Continuously looks for ways to improve the application’s stability, scalability and user experience
• Lead and work with developers to identify which interim solutions (e.g., tools, applications, reports, data structures, etc.) have matured sufficiently to transition to a production environment, and produce specifications for such solutions, enabling IT to elevate strategically targeted prototypes to production.
• Innovate and improve proprietary models and algorithms; design and deliver in terms of high reliability, resiliency and scalability
• Review existing excel based models and convert them to latest tech stack while generating required signals.
• Implement standards, processes, and tools for numerical library testing and code quality controls
• Review implementation of complex models and algorithms focusing on requirement verification and code quality.
• Conduct code review with peers and model developers and obtain their feedback.

Required Skills

• BS in Computer Science, Engineering, or Information Technology
• 12+ years of progressive experience in software engineering and quantitative analysis.
• Strong analytical skills; experience working with and analyzing large data sets, and using necessary libraries like PySpark, Pandas, Polars, Cuml, etc.
• Strong domain skills – Quantitative Research, Statistics, Risk, Equity Portfolio Management etc
• Expert knowledge in multiple programming language(s) - Python, PySpark, R, Java etc.
• Python / PySpark is must have expertise
• Working knowledge of one or more relevant big data cloud computation platform like Databricks
• Strong Test-Driven Development and desire to write simple, adaptive and iterative code
• A solid understanding of tradable financial instruments (securities, derivatives) and capital markets
• An advanced level of relevant mathematical knowledge e.g. statistics, time-series analysis, asset pricing theory, algorithms
• Experience with algorithms and data structures
• Understanding of ML algorithms to build signals from available datasets

Preferred/ Recommended Skills

• Experience of front office software development with an Asset Management, Hedge fund or Investment Bank
• Experience building containerized applications and deploying to public or private clouds, such as Microsoft Azure, Amazon Web Services (AWS) or similar providers.
• Experience of web based development and visualization technology for portraying large and complex data sets and relationships
• Working with Us As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.
• Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.
• Reasonable Accommodation Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [e-mail], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees. In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more. Looking for greater? You found it. A global financial leader with more than 22,000 employees in 23 locations worldwide, Northern Trust empowers our employees to achieve more than just business goals. Our focus on work-life balance, career mobility and unique opportunities are just a few of the reasons we’ve been named one of the world’s most admired companies.

Terms and Conditions

Candidate Privacy Notice California Applicant Privacy Notice Pay Transparency Nondiscrimination Provision (U.S) Transparency in Coverage Disclosure – North America Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), [phone] (Asia Pacific), 1800-425-0333 (India), [phone] (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

APAC/INDIA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

Canada EEO STATEMENT

Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

EMEA EEO STATEMENT

It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

USA EEO STATEMENT

It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status.