Quantitative Risk Engineer

Tata Consultancy Services; Jersey City (NJ); On-site; USD 100,000 - 125,000; Full time

Benefits offered by this job

Discretionary Annual Incentive

Comprehensive Medical Coverage

401K Plan

Certification & Training Reimbursement

Job summary

Tata Consultancy Services Limited in New Jersey is seeking a Senior Quantitative Developer to join the risk analytics team focused on Fixed Income risk platforms. You will work with traders, desk quants, risk managers, and finance users to enhance analytics, validate calculations, and resolve unexplained risk movements.

Candidates should have 10+ years in quantitative development or capital markets risk, strong Python (NumPy) skills, and deep knowledge of fixed income products and yield curve

Qualifications

• 10+ years in Quantitative Development, Risk Analytics, Front Office Risk Technology, or Capital Markets Risk Platforms.
• Strong knowledge of Fixed Income products, including Government Bonds and TRS.
• Strong understanding of risk calculations, bond pricing, yield curves, DV01/PV01, funding risk, and stress testing.
• Advanced Python development with Python, NumPy, data analysis, and numerical modeling.
• Experience reconciling outputs across risk systems, platforms, and finance calculations.
• Experience interacting with traders, desk quants, risk managers, and finance users.
• Knowledge of risk attribution, explainability, and analytics frameworks.
• Exposure to enterprise risk platforms and front-office tech environments.
• Enhance and support a Fixed Income and Financing Risk Platform for Repo risk analytics.

Responsibilities

• Investigate risk, valuation, and exposure discrepancies across systems.
• Reconcile outputs between risk systems, trading platforms, and finance calculations.
• Perform root cause analysis of incorrect risk and valuation results.
• Analyze market data changes and yield curve movements on risk calculations.
• Collaborate with traders and risk teams to explain and resolve risk issues.
• Develop and enhance risk analytics, attribution, and explainability capabilities.
• Validate risk and valuation calculations to ensure accuracy.
• Support production issues, testing, and platform improvements.

Skills

Quantitative dev

Risk analytics

Front office risk

Capital markets risk

Python

NumPy

Data analysis

Numerical modeling

Root cause analysis

Stakeholder management

Communication

Tools

Quartz

Job description

• 10+ years of experience in Quantitative Development, Risk Analytics, Front Office Risk Technology, or Capital Markets Risk Platforms.
• Strong knowledge of Fixed Income products, including:
  • Government Bonds
  • Total Return Swaps (TRS)
• Strong understanding of:
  • Risk calculations and exposure measurement
  • Bond pricing and yield curve analytics
  • Interest rate sensitivity (DV01/PV01)
  • Funding and financing risk
  • Scenario analysis and stress testing
• Advanced Python development skills with expertise in:
  • Python
  • NumPy
  • Data analysis and numerical modeling
• Strong analytical, troubleshooting, and root cause analysis skills.
• Experience investigating risk, valuation, and exposure discrepancies.
• Ability to reconcile outputs across risk systems, trading platforms, and finance calculations.
• Strong understanding of market data, curves, trade lifecycle events, and their impact on risk calculations.
• Experience working directly with traders, desk quants, risk managers, and finance users.
• Excellent communication and stakeholder management skills.
• Good to Have Skills * Experience with Quartz or similar front-office risk and analytics platforms.
• Experience in Capital Markets, Fixed Income Trading, or Financing businesses.
• Knowledge of risk attribution, explainability, and quantitative analytics frameworks.
• Exposure to enterprise risk platforms and front-office technology environments.
• Enhance and support a Fixed Income and Financing Risk Platform focused on Repo business and risk analytics.
• Investigate unexplained risk, valuation, and exposure movements across trading and risk systems.
• Perform reconciliation between risk systems, trading platforms, and finance calculations.
• Conduct root cause analysis of incorrect or unexpected risk and valuation results.
• Analyze the impact of market data changes, yield curve movements, trade amendments, and booking issues on risk calculations.
• Work closely with traders, desk quants, risk managers, and finance teams to explain and resolve risk-related issues.
• Develop and enhance risk analytics, attribution, and explainability capabilities.
• Validate and challenge risk and valuation calculations to ensure analytical accuracy.
• Debug complex calculation issues across multiple systems and data sources.
• Design and implement analytical solutions using quantitative and risk domain expertise.
• Support production issues, troubleshooting, testing, and continuous platform improvements.

TCS Employee Benefits Summary:

• Discretionary Annual Incentive.
• Comprehensive Medical Coverage: Medical & Health, Dental & Vision, Disability Planning & Insurance, Pet Insurance Plans.
• Family Support: Maternal & Parental Leaves.
• Insurance Options: Auto & Home Insurance, Identity Theft Protection.
• Convenience & Professio nal Growth: Commuter Benefits & Certification & Training Reimbursement.
• Time Off: Vacation, Time Off, Sick Leave & Holidays.
• Legal & Financial Assistance: Legal Assistance, 401K Plan, Performance Bonus, College Fund, Student Loan Refinancing.

Salary Range: $100,000 - $125,000 a year