Cross‑Margin Quantitative Model Developer at Confidential Charlotte, NC

Ellenco Estágios e Treinamentos; Charlotte (NC); On-site; USD 96,432 - 110,208; Full time

Benefits offered by this job

Medical insurance

Dental insurance

401K plan

Job summary

Randstad Strategic Accounts is hiring a business professional specialized in banking for a contract position with a leading bank. This role includes responsibilities in modeling and quantitative analysis, requiring a strong background in counterparty credit risk and technical development using Python.

Ideal candidates should possess at least 5 years of experience and a bachelor's degree, along with skills in SQL and cross-functional collaboration.

Comprehensive benefits including medical, dental, and 401K are offered based on eligibility.

Qualifications

• 5 years of experience in a related field.
• Experienced level in banking and finance.

Responsibilities

• Develop and maintain risk models for financial products.
• Lead integration of Python-based libraries for models.
• Communicate with stakeholders on model specifications.
• Respond to urgent model requests in cross-margin contexts.

Skills

Modeling

Quantitative Analysis

Business Analysis

Counterparty Credit Risk

Python Development

SQL Expertise

Education

Bachelor's degree

Job description

Randstad Strategic Accounts is looking for a business professional with a knowledge and proficiency working in the banking industry. We have a role that we are looking to fill for a contract position with a top tier bank in the financial industry. If you are interested in becoming part of a team where you can contribute to drive both personal and organizational goals, this may be the right fit for you!

Salary: $70 - $80 per hour

Shift: First

Work hours: 8 AM - 5 PM

Education: Bachelors

Responsibilities

Modeling & Quantitative Analysis

• Develop, enhance, and maintain counterparty credit risk models related to cross‑margin methodologies.
• Derive analytical formulas, validate assumptions, and identify gaps in existing implementations.
• Improve or replace outdated models using modern stochastic and capital markets modeling techniques.
• Support modeling across a range of complex financial products, including: Equity swaps, Metals, Energy derivatives, Convertible bonds.

Technical Development

• Lead the build‑out and integration of Python-based quantitative libraries to support model development and validation activities.
• Produce robust prototype models and partner with technology teams to transition them into production.
• Utilize generative AI development tools (e.g., Copilot) to increase coding efficiency and automation.
• Collaborate on database queries using SQL expertise.

Cross‑Functional Collaboration

• Communicate clearly with model owners, business partners, technology teams, auditors, and project managers.
• Help translate business requirements into quant/model specifications and documentation.
• Provide coaching and technical guidance to junior team members on both modeling and cross‑margin concepts.

Operational Readiness

• Respond quickly to urgent model requests driven by high‑impact cross‑margin exposures in the CIB business.
• Ensure timely delivery of model enhancements, documentation, and validations.

Skills

Developer Business Analysis Quantitative Analysis Modeling Counterparty Credit Risk

Qualifications

• Years of experience: 5 years
• Experience level: Experienced

Benefits

Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, work location, specific job duties, certifications, etc. The company offers a comprehensive benefits package including medical, prescription, dental, vision, AD&D, life insurance, short‑term disability, and a 401K plan (all benefits are based on eligibility).

Equal Opportunity Employer

Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status. At Randstad, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact [e-mail].