Java- Quant Developer - Statistical Modeling

The Cypress Group; New York (NY); On-site; USD 180,000 - 265,000; Full time

Job summary

An innovative firm is seeking a talented Quantitative Developer to join a specialized team focused on credit modeling and algorithm optimization. This role offers the chance to work on a P&L-owning trading desk, where you'll develop advanced trading algorithms and collaborate with elite professionals in the field. With responsibilities that include coding, testing, and enhancing algorithmic strategies, you'll have the opportunity to make a significant impact on trading success. If you're passionate about financial markets and eager to drive innovation, this is the perfect opportunity for you.

Qualifications

• 4+ years of experience on a trading desk is required.
• Strong expertise in core Java and system optimization is essential.

Responsibilities

• Develop and implement advanced credit modeling and trading algorithms using core Java.
• Collaborate with traders and quants to optimize trading systems.

Skills

Core Java

Multithreaded Programming

Problem-Solving Skills

Financial Market Knowledge

Tools

Kafka

KDB

Portfolio Management Systems

E-Trading Platforms

Job description

Java- Quant Developer - Statistical Modeling

This role offers an exciting opportunity to join a specialized team focused on credit modeling and algorithm optimization within a trading desk that directly owns its P&L.

Base pay range

$180,000.00/yr - $265,000.00/yr

Additional compensation types

Annual Bonus

Job Title:

Quantitative Developer – Credit Modeling Desk

Location:

Midtown, New York City (Onsite)

Type:

Full-Time

Compensation:

• Senior Vice President (SRVP): Up to $250K base + $150K bonus
• Vice President (VP): Up to $220K base + bonus
• Assistant Vice President (AVP): Up to $165K base + bonus

Overview:

Join an elite 8-person statistical modeling team on a trading desk that plays a pivotal role in developing and executing strategies that drive trading success, focusing on credit modeling and advanced algorithms.

Key Responsibilities:

• Develop and implement advanced credit modeling and trading algorithms using core Java.
• Collaborate with traders, quants, and developers to optimize and scale trading systems.
• Code, test, and enhance algorithmic strategies, ensuring performance and reliability during the first 6–12 months.
• Progress into creating models and contributing to trading strategies as proficiency develops.
• Utilize technologies such as Kafka, KDB, and multithreaded programming for data handling and performance optimization.
• Support the team in managing the trading desk’s P&L by delivering impactful solutions.

Qualifications:

• 4+ years of experience on a trading desk.
• Strong expertise in core Java, including multithreaded programming and system optimization.
• Experience with Portfolio Management Systems, ETFs, or Credit Modeling.
• Hands-on experience with e-trading platforms, especially in credit or rates markets.
• Proficiency with Kafka and KDB is highly desirable.
• Self-motivated with excellent problem-solving skills and strong financial market knowledge.

Preferred Skills:

• Experience in statistical modeling teams or quantitative trading desks.
• Familiarity with Python for rapid prototyping.
• Knowledge of fixed-income markets and credit trading strategies.

Why Join Us?

• Work on a P&L-owning trading desk with high-impact responsibilities.
• Collaborate with an elite team on cutting-edge credit modeling and algorithm optimization.
• Clear career growth into model creation and trading roles.
• Competitive pay, dynamic environment, and direct market exposure.

If you're a talented developer eager to transition into quantitative development or advance your career in trading and modeling, apply now and be part of a team driving innovation in finance.