Securitized Products Quant Developer - Valuation & Risk

Clearwater Analytics, LLC; New York (NY); Hybrid; USD 156,400 - 210,841; Full time

Benefits offered by this job

Flexible work options

Team-focused culture

Cutting-edge technology

Medical/dental/vision/life insurance

Maternity/Paternity leave

RSUs and 401(k) with match

Work-from-anywhere + 3 in-office days

Job summary

Clearwater Analytics in New York is seeking a Quantitative Developer for Securitized Products to expand pricing libraries and risk analytics across ABS, CLO, MBS, CMBS. You will work with cross-functional teams to deliver valuation accuracy from model development to production deployment.

The role emphasizes strong Python coding, production quality, and ability to translate complex cash-flow structures into robust models, with collaboration across clients and internal stakeholders.

Qualifications

• 1–3 years of quantitative development experience with a focus on securitized or structured products.
• Strong understanding of structured product mechanics (deal structures, waterfall logic, cash-flow prioritization, credit enhancement, tranche-level risk).
• Familiarity with prepayment models (PSA, CPR) and credit risk frameworks for ABS, MBS, CMBS, and CLO.
• Experience developing production-quality code, preferably in Python, with strong software-engineering fundamentals.

Responsibilities

• Develop and maintain pricing libraries and analytical models for securitized products.
• Build, extend, and maintain frameworks for lifecycle management, including cash flow generation, prepayment modeling, credit enhancement structures, and tranche-level analytics.
• Implement risk analytics covering interest-rate sensitivities (DV01, duration, convexity), spread risk, scenario analysis, and stress testing across structured product portfolios.
• Design and develop prepayment, default, and loss severity models calibrated to market conventions and client requirements.
• Advocate for new models and design patterns, and produce high-quality documentation for technical and non-technical audiences.

Skills

Quantitative development

Python programming

Structured products knowledge

Communication skills

Tools

Bloomberg data

Intex data

Trepp data

MSCI data

Job description

Clearwater Analytics in New York is seeking a Quantitative Developer for Securitized Products to expand pricing libraries and risk analytics across ABS, CLO, MBS, CMBS. You will work with cross-functional teams to deliver valuation accuracy from model development to production deployment.

The role emphasizes strong Python coding, production quality, and ability to translate complex cash-flow structures into robust models, with collaboration across clients and internal stakeholders.