Senior Quantitative Developer, Securitized Products

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

Quantitative Developer - Securitized Products Clearwater Analytics | Location : NY

About Clearwater Analytics Clearwater Analytics is the leading SaaS platform for investment accounting, risk, and performance. We serve some of the world's largest insurance companies, hedge funds, asset managers, and institutional investors. We deliver decision-ready risk analytics that bring clarity and insight to multi-asset portfolios-highlighting exposures, sensitivities, scenarios, and performance drivers.

The Role

As a Securitized Products Quantitative Developer, you will play a critical role within the Quant team, helping to enhance and expand our structured products coverage across ABS, CLO, MBS, CMBS, and related asset classes. You will work closely with cross-functional teams of developers and interact directly with clients to deliver solutions focused on valuation accuracy, risk analytics, and cash flow modeling. Your contributions will drive the continuous improvement of our platform's structured products capabilities - from model development through production deployment.

What You'll Do

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 frameworks within the platform supporting securitized product lifecycle management, including cash flow generation, prepayment modeling, credit enhancement structures, and tranche-level analytics.

Implement and maintain risk analytics covering interest rate sensitivities (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-specific requirements.

Identify and advocate for new models and design patterns necessary for the continuous improvement of an evolving infrastructure to support all clients.

Produce high-quality documentation targeting both technical and non-technical audiences, supporting and expanding engineering solutions.

What We're Looking For

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, credit enhancement, and tranche-level risk.

Familiarity with prepayment models (e.g., PSA, CPR) and credit risk frameworks applicable to ABS, MBS, CMBS, and CLO structures.

Experience developing production-quality code, preferably in Python, with a strong software engineering foundation.

Strong problem-solving and communication skills - ability to convey technical topics clearly to both technical and non-technical audiences.

What Will Make You Stand Out

Experience in a front office or structured products development role supporting valuation, risk analytics, or portfolio analytics for securitized products.

Hands-on experience building or maintaining pricing and risk systems in a production environment.

Familiarity with relevant market data sources (Bloomberg, Intex, Trepp, MSCI, or similar) and structured product reference data.

Experience with interest rate modeling (e.g., Hull-White, short rate models) as it applies to structured product valuation.

Prior experience working directly with clients to customize platforms, integrate models, or develop technical solutions.

What We Offer

Business casual atmosphere in a flexible working environment.

Team-focused culture that promotes innovation and ownership.

Access to cutting-edge investment reporting technology and expertise.

Defined and undefined career pathways allowing you to grow your own way.

Competitive medical, dental, vision, and life insurance benefits Maternity and paternity leave Personal Time Off and Volunteer Time Off to give back to the community RSUs as well as employee stock purchase plan and 401K with match Work from anywhere 3 weeks out of the year Work from home Fridays Salary Range 156,400.00 - 210,841.00 USD Annual This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits.

Salary Range $156,400.00 - $210,841.00 This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits. Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.

Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.

Thank you for your interest in a career with Clearwater! Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry’s most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater’s single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at www.clearwateranalytics.com.

Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. We are dedicated to building a diverse, inclusive and authentic workplace, so if you’re excited about this role but your past experience doesn’t align perfectly with the job description, we encourage you to still apply! You may be just what we're looking for.