Quant Analyst (PhD Required) (Full-Time)

TEKsystems; Jersey City (NJ); Hybrid; USD 115,000 - 145,000; Full time

Benefits offered by this job

Health insurance

401(k) retirement plan

Paid Time Off

Employee Assistance Program (EAP)

Job summary

TEKsystems in Jersey City, NJ is seeking a PhD-level quantitative professional to develop and enhance capital and loss forecasting models, aligning with Basel market risk requirements under the Fundamental Review of the Trading Book.

The role focuses on building robust models, documenting methods for internal and regulatory purposes, and communicating complex concepts clearly within a dynamic bank team; hybrid work arrangement offered.

Qualifications

• PhD in a numerical discipline (e.g., statistics, mathematics, physics, or engineering).
• Experience in developing, documenting, and maintaining numerical models for loss forecasting or capital requirements.
• Proven ability to communicate complex technical concepts clearly.
• Experience with SAS, R, and either C++ or Python for modeling.
• Ability to analyze large financial data sets and understand credit products (loans, bonds, derivatives).

Responsibilities

• Develop and implement new models or enhance existing models.
• Maintain and develop loss forecasting and capital models.
• Seek out work and enhance current models/processes.
• Produce clear and coherent technical documentation for internal and regulatory purposes.

Skills

Statistics

Econometrics

Probability Theory

Communication of complex concepts

Education

PhD in numerical discipline (Statistics / Mathematics / Physics / Engineering)

Tools

SAS

R

C++

Python

Job description

Description

Overview of Role: The role will involve the development and enhancement of capital and loss forecasting models within the bank, with a particular focus on the achieving compliance with the Basel committee market risk requirements outlined as part of the Fundamental Review of the Trading Book. This is a high-profile area and presents a challenging and intellectually stimulating role in a dynamic team that is used to delivering in a timely manner to many different constituents of the bank.

Responsibilities

• Developing and implementing new models or enhance existing models
• Maintaining & developing loss forecasting and capital models
• Seeking out work and enhancing current models/processes
• Producing clear and coherent technical documentation for internal and regulatory purposes

Competencies

• Qualified PhD level in a numerical discipline (e.g. Statistics, Mathematics, Physics or Engineering)
• Experience in developing, documenting & maintaining numerical models for purposes of loss forecasting or calculating capital requirements
• Demonstrates consistent attention to detail
• Proven ability to communicate complex technical concepts clearly

Essential Skills

• Technical skills: Statistics, Probability Theory, Econometrics
• IT skills: Prior experience of using both statistical modeling tools (e.g. SAS, R) and development experience in either C++ or Python
• Documentation: Ability to clearly document quantitative models and evidence technical modeling choices
• Data analysis and interpretation. Experience of interpreting and manipulating large financial data sets
• A Practical knowledge of credit products including loans, bonds and credit derivatives

Nice to have

• Practical experience of quantitative model documentation using of LaTex or similar mathematical typesetting packages

Job Type & Location

This is a Permanent position based out of Jersey City, NJ.

Pay And Benefits

The pay range for this position is $115000.00 - $145000.00/yr.

Individual compensation offered for this position within this range will depend on many factors, including qualifications, skills, relevant experience, job knowledge, geographic location, internal equity, and other pertinent job-related factors.

Health & Wellness Medical, dental, and vision insurance Prescription drug coverage Telehealth services Mental health counseling and support programs Health Savings Account (HSA) and Flexible Spending Accounts (FSA), where eligible Wellness programs, including incentives and wellness credits for eligible employees Retirement & Financial Benefits 401(k) retirement plan with company matching contributions Access to Merrill retirement and investment resources Employee stock purchase opportunities and equity programs for eligible populations Financial planning resources and education tools Paid Time Off Vacation time Holidays Sick time Parental leave (maternity, paternity, adoption support) Bereavement leave Military leave and other leave programs Family & Life Benefits Life insurance Disability insurance (short-term and long-term) Fertility, adoption, and family-building assistance Backup childcare and eldercare resources (subject to program availability) Employee Assistance Program (EAP)

Workplace Type

This is a hybrid position in Jersey City,NJ.

Application Deadline

This position is anticipated to close on Sep 29, 2026.

About TEKsystems

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.

The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

About TEKsystems And TEKsystems Global Services

We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands‑on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.

The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.

San Francisco Fair Chance Ordinance: Pursuant to the San Francisco Fair Chance Ordinance, for all positions located in the city and county of San Francisco, we will consider for employment qualified applicants with arrest and conviction records.

Massachusetts Lie Detector: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall subject to criminal penalties and civil liability.

Use of Artificial Intelligence (AI): We may use Artificial Intelligence (AI) to support parts of our hiring process, including selecting, screening, and evaluating candidate. AI helps assess applications, and final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may review using AI tools.