Quant Analyst (PhD Required) (Full-Time)

TEKsystems; United States; Hybrid; USD 90,000 - 150,000; Full time

Job summary

TEKsystems seeks a Quantitative Finance Analyst to develop and enhance capital and loss forecasting models, focusing on Basel market risk requirements. This high-profile role operates in a fast-paced team delivering to multiple stakeholders.

You will work on model development, documentation, and regulatory reporting, leveraging SAS/R and C++/Python to handle large financial datasets and credit products. Jersey City, hybrid work, salary $90k–$150k.

Qualifications

• PhD in a numerical field (Statistics/Mathematics/Physics/Engineering) is required.
• Experience developing, documenting, and maintaining numerical models for loss forecasting or capital requirements.
• Strong attention to detail with ability to communicate complex concepts clearly.
• Solid grounding in Statistics, Probability Theory, and Econometrics.
• Experience using SAS, R and programming in C++ or Python.

Responsibilities

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

Skills

PhD level

Model development

Loss forecasting

Capital models

Communication

Statistics

Econometrics

Education

PhD in numerical discipline

Tools

SAS

R

C++

Python

Job description

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

As a Quantitative Finance Analyst your main responsibilities will involve:

• 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 $90000.00 - $150000.00/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 & WellnessMedical, dental, and vision insurancePrescription drug coverageTelehealth servicesMental health counseling and support programsHealth Savings Account (HSA) and Flexible Spending Accounts (FSA), where eligibleWellness programs, including incentives and wellness credits for eligible employeesRetirement & Financial Benefits401(k) retirement plan with company matching contributionsAccess to Merrill retirement and investment resourcesEmployee stock purchase opportunities and equity programs for eligible populationsFinancial planning resources and education toolsPaid Time OffVacation timeHolidaysSick timeParental leave (maternity, paternity, adoption support)Bereavement leaveMilitary leave and other leave programsFamily & Life BenefitsLife insuranceDisability insurance (short-term and long-term)Fertility, adoption, and family-building assistanceBackup 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 28, 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 be 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 sourcing, screening, and evaluating candidates. AI helps assess applications and qualifications, but final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may be reviewed using AI tools.