Mortgage Quant: Pricing, Risk & Modeling

Socket.dev; New York (NY); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Health insurance

Tuition reimbursement

Accident and life insurance

Retirement savings plans

Job summary

BMO Financial Group’s Mortgage Quant role seeks an advanced quantitative professional to develop models and pricing tools for the mortgage trading desk in NY. You will build, maintain, and improve analytical models and help traders with daily pricing and risk management.

The role emphasizes strong mathematical background, software development in C++/Python, and effective communication with traders and risk teams.

Qualifications

• Advanced degree in a technical field (math, physics, statistics, engineering, CS).
• Broad knowledge of mortgage and asset-backed products is a strong plus.
• Software development experience in C++, Python.

Responsibilities

• Develop mathematical and computational methods for pricing deals and risk management; integrate models into MFL library and FO apps.
• Maintain existing models in the MFL library.
• Profile and investigate new models to improve performance.

Skills

C++

Python

Excel

Technical writing

Communication

Education

Advanced technical degree

Job description

BMO Financial Group’s Mortgage Quant role seeks an advanced quantitative professional to develop models and pricing tools for the mortgage trading desk in NY. You will build, maintain, and improve analytical models and help traders with daily pricing and risk management.

The role emphasizes strong mathematical background, software development in C++/Python, and effective communication with traders and risk teams.