[Job] Cross Asset Financial Engineer [Bloomberg]

Wolfram; New York (NY); On-site; USD 140,000 - 200,000; Full time

Job summary

Bloomberg L.P. is seeking a Financial Engineer to join a rapidly expanding team focused on bespoke derivatives valuation, risk analysis and client-facing model delivery.

You will work across asset classes with traders, sales and quants to provide pricing transparency and robust risk metrics. Ideal candidates hold a Master’s in a technical field (PhD a plus) and have 2+ years of experience in financial engineering, with strong coding skills in Matlab/Mathematica and familiarity with C/C++.

Qualifications

• Master’s degree in a technical area (Math, Physics or Engineering); PhD in mathematical finance a plus.
• 2+ years’ experience in financial engineering, structuring, or trading at a dealer or top financial institution.
• Cross-asset derivatives and market risk experience.
• Strong understanding of derivatives models, market conventions, vanilla/exotic options, and bespoke valuation/hedging practices.
• Excellent written and verbal communication; able to present to clients and colleagues.

Responsibilities

• Engage in a client-facing role with traders, sales, buy-side and internal stakeholders.
• Contribute to the development and use of pricing models and valuation tools across assets.
• Collaborate across reporting lines to deliver models, risk insights and valuation transparency to clients.

Skills

Communication

Cross-asset

Derivatives pricing

Analytical thinking

Education

Master's degree in Math/Physics/Engineering

PhD in mathematical finance a plus

Tools

Matlab

Mathematica

C/C++

Bloomberg

Job description

The Financial Engineering group (part of our Bloomberg Core OTC Derivatives/Structured Notes Product group) You will be joining a rapidly expanding specialized area of Bloomberg concentrates on offering premium structuring, valuation and risk services to our clients. You will be joining a rapidly expanding specialized team that provides cross asset flexible, customizable tools and models that illustrate valuation transparency to our clients.

Your familiarity with bespoke derivatives term sheets, and the industry standard valuation models and “street practices” used for security valuation and portfolio risk analysis will allow you to successfully contribute to the team. Valuation will rely heavily on the appropriate choice and use of pricing models (combined with appropriate adjustments when necessary). Understanding and intuitive skills to assess if model results are reasonable is essential.

As a member of the Financial Engineer team you will engage in a “client facing” role requiring you to have strong communication skills. Additionally, you will be working with various people from external clients (traders, sales, buy side, institutional investors), and internal sales specialists, to developers and quants.

Requirements:

• Master’s degree in a technical area (such as Math, Physics or Engineering), quantitative finance field required. PhD in mathematical finance a plus.
• Recent experience (minimum of two years) at a Dealer (or at other top financial institutions) in financial engineering, structuring, and/or trading
• Cross asset derivatives and market risk experience.
• Strong understanding of derivatives models including market conventions, vanilla/exotic options, and market practices regarding bespoke exotic valuation and hedging.
• Excellent written and verbal communication skills.
• Ability to articulate clearly in group presentations and in interactions with clients, via phone or face-to-face.
• Ability to work in a fast-paced, complex and cross-asset environment.
• Ability to work with multiple groups across reporting lines.

We’d love to see:

• Experience using Bloomberg, and other derivative pricing platforms
• Familiarity with financial libraries (C, C++) and mathematical packages such as Matlab or Mathematica