Securitized Products Quant Developer: Valuation & Risk

Clearwater Analytics; New York (NY); On-site; USD 156,000 - 211,000; Full time

Benefits offered by this job

Health insurance

Vision insurance

Dental insurance

401(k) with match

Paid time off (PTO)

Parental leave

Medical leave

Short-term disability (STD)

Long-term disability (LTD)

Employee stock purchase plan

RSUs

Work from anywhere 3 weeks/year

Job summary

Clearwater Analytics, a leading SaaS platform for investment accounting and risk, seeks a Securitized Products Quantitative Developer in NY. You will enhance coverage of ABS, CLO, MBS, CMBS and related assets, delivering valuation accuracy and cash-flow modeling within a collaborative cross-functional team.

You will develop pricing libraries, risk analytics, and production-quality Python code, while working directly with clients to tailor solutions and improve infrastructure for a growing

Qualifications

• 1–3 years of experience in quantitative development with a focus on securitized or structured products.
• Strong understanding of structured product mechanics - deal structures, waterfall logic, cash flow prioritization.
• Experience developing production-quality Python code and strong software engineering foundations.

Responsibilities

• Develop and maintain pricing libraries and analytical models for securitized products including ABS, CLO, MBS, CMBS, and other structured credit instruments.
• Build, extend, and maintain platform frameworks supporting securitized product lifecycle management, including cash flow generation, prepayment modeling, credit enhancement structures, and tranche-level analytics.
• Implement and maintain risk analytics covering DV01, duration, convexity, spread risk, scenario analysis, and stress testing across structured product portfolios.
• Design and develop models for prepayment, default, and loss severity calibrated to market conventions and client needs.
• Identify and advocate for new models and patterns to continuously improve infrastructure for all clients.
• Produce high-quality documentation for both technical and non-technical audiences.

Skills

Quantitative development

Securitized/structured products

Python programming

Cash flow modeling

Risk analytics

Communication skills

Job description

Clearwater Analytics, a leading SaaS platform for investment accounting and risk, seeks a Securitized Products Quantitative Developer in NY. You will enhance coverage of ABS, CLO, MBS, CMBS and related assets, delivering valuation accuracy and cash-flow modeling within a collaborative cross-functional team.

You will develop pricing libraries, risk analytics, and production-quality Python code, while working directly with clients to tailor solutions and improve infrastructure for a growing