Associate, Financial Engineering, Research and Development

Msci-; Norman (OK); On-site; USD 84,000 - 109,000; Full time

Benefits offered by this job

Annual bonus

Flexible work arrangements

Learning opportunities

Global network

Inclusive culture

Job summary

MSCI, Inc. seeks an Associate in Financial Engineering, Research and Development in Norman, OK to analyze pricing and risk models for exotic derivatives, fixed income assets, credit derivatives, securitized products, and portfolio optimization.

The role involves VaR analysis, validation framework design, and development of processes for statistics, stress tests, and reporting, with collaboration across Risk Research and Analytics Development teams.

Qualifications

• Master's degree or foreign equivalent in Quantitative Finance or related field, and 3 years of experience.
• Experience with Matlab, Python, R, C++, and C# to design and develop validation tools for valuation and pricing models, stress testing frameworks, VaR and risk analysis.
• Experience pricing models across asset classes including bonds, equities, options, FX, rates, futures, and more to compute risk profiles.

Responsibilities

• Perform portfolio-level risk analysis, including VaR methodologies.
• Design and automate validation frameworks for scalable model validation.
• Develop validation processes and procedures for instruments, statistics, stress tests, and reporting.
• Build and maintain validation tools to ensure accuracy of analytics outputs.
• Collaborate with Risk Research and Analytics Development teams to review discrepancies and enhance test coverage.
• Ensure daily testing runs smoothly and coordinate with development teams to resolve issues.
• Apply Barra factor models to analyze portfolio risk under normal and stress conditions.
• Produce and review Barra factor reports to assess exposures and support model validation.

Skills

Matlab

Python

R

C++

C#

VaR analysis

Stress testing

Risk attribution

Pricing models

Education

Master's degree in Quantitative Finance or related field

Tools

Azure DevOps

Git

Oracle SQL

Job description

Your Team Responsibilities

MSCI, Inc. seeks Associate, Financial Engineering, Research and Development in Norman, OK to conduct analysis of pricing and risk models for exotic derivatives, fixed income asset classes, credit derivatives, securitized products, and portfolio optimization.

Your Key Responsibilities

Perform portfolio-level risk analysis, including Value-at-Risk (VaR) methodologies. Design and automate validation frameworks using state-of-the-art technologies to support scalable and repeatable model validation. Develop and implement validation processes and procedures for industry-adopted financial instruments, statistics, stress tests, and reporting. Build, maintain, and extend independent validation tools to ensure the accuracy and consistency of outputs produced by analytics engines. Analyze and expand regression testing to ensure comprehensive coverage across asset types and analytics metrics. Collaborate closely with Risk Research and Analytics Development teams on a day-to-day basis to review discrepancies between manual and regression results, clarify specifications, and enhance test coverage. Ensure all daily testing processes run smoothly and work with development teams to investigate and resolve issues as they arise. Apply Barra factor models to analyze asset and portfolio risk under both normal market conditions and stress scenarios. Incorporate new factor research into existing models to improve risk attribution and exposure analysis. Produce and review Barra factor reports to assess portfolio exposures and support ongoing model validation and risk analysis efforts.

Your skills and experience that will help you excel

REQUIREMENTS: Master's degree or foreign equivalent in Quantitative Finance or a related field and three (3) years of experience in the job offered or related occupation: Utilizing experience with Matlab, Python, R, C++, and C# to design and develop validation tools for valuation and pricing models, stress testing frameworks, Value-at-Risk (VaR) and Expected Shortfall analysis, risk attribution and factor-based risk analysis, and credit risk and sensitivity analysis including Greeks, duration, and convexity; Working with financial pricing and risk models across asset classes, including Generic Bonds, Equities, Equity Options, FX Forwards, Interest Rate Swaps, Futures, fund and Options, to price instruments and calculate comprehensive risk profiles for both cash and derivative products; Utilizing risk methodologies, including stress testing, historical and Monte Carlo simulations, to evaluate market risk for equities, fixed income instruments, and futures and options derivatives; Utilizing Agile development and testing practices, including Git-based version control systems to manage regression test codebases, automated testing tools, and regular updates of market data; Performing automated testing of analytics engines, including building and maintaining Azure DevOps pipelines to automatically execute large-scale XML-based valuation and risk queries; Working with relational databases and datasets, including using SQL including Oracle and SQL Server to query, analyze, and validate raw database records; understanding data ingestion pipelines and supporting data import/export workflows by connecting datasets to platform servers; Liaising across teams to troubleshoot issues including analyzing discrepancies, evaluating root causes, and continuously extending analytical regression tests to ensure complete and efficient coverage across all supported statistics and asset types. Telecommuting and/or working from home may be permissible pursuant to company policies. When not telecommuting, must report to work site.

About MSCI

What we offer you

• Salary range: $84,000 - $109,000 / year.Plus eligible for annual bonus.

• Transparent compensation schemes and comprehensive employee benefits, tailored to your location, ensuring your financial security, health, and overall wellbeing.

• Flexible working arrangements, advanced technology, and collaborative workspaces.

• A culture of high performance and innovation where we experiment with new ideas and take responsibility for achieving results.

• A global network of talented colleagues, who inspire, support, and share their expertise to innovate and deliver for our clients.

• Global Orientation program to kickstart your journey, followed by access to our Learning@MSCI platform, AI Learning Center , LinkedIn Learning Pro and tailored learning opportunities for ongoing skills development.

• Multi-directional career paths that offer professional growth and development through new challenges, internal mobility and expanded roles.

• We actively nurture an environment that builds a sense of inclusion belonging and connection, including eight Employee Resource Groups. All Abilities, Asian Support Network, Black Leadership Network, Climate Action Network, Hola! MSCI, Pride & Allies, Women in Tech, and Women's Leadership Forum.

At MSCI we are passionate about what we do, and we are inspired by our vision – to power better decisions. You'll be part of an industry-leading network of creative, curious, and entrepreneurial pioneers. This is a space where you can challenge yourself, set new standards and perform beyond expectations for yourself, our clients, and our industry.

MSCI strengthens global markets by connecting participants across the financial ecosystem with a common language. Our research-based data, analytics and indexes, supported by advanced technology, set standards for global investors and help our clients understand risks and opportunities so they can make better decisions and unlock innovation. We serve asset managers and owners, private-market sponsors and investors, hedge funds, wealth managers, banks, insurers and corporates.

MSCI Inc. is an equal opportunity employer. It is the policy of the firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, gender, gender identity, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy (including unlawful discrimination on the basis of a legally protected parental leave), veteran status, or any other characteristic protected by law. MSCI is also committed to working with and providing reasonable accommodations to individuals with disabilities. If you are an individual with a disability and would like to request a reasonable accommodation for any part of the application process, please email [e-mail] and indicate the specifics of the assistance needed. Please note, this e-mail is intended only for individuals who are requesting a reasonable workplace accommodation; it is not intended for other inquiries.