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

401(k)

PTO

Parental leave

Medical leave

Work from anywhere 3 weeks a year

Work from home Fridays

Job summary

Clearwater Analytics seeks a Senior Quantitative Developer for Securitized Products in New York. You will develop pricing libraries, risk analytics, and cash flow models for ABS, CLO, MBS, and CMBS, working with cross-functional teams and clients to deliver robust valuation capabilities.

You will implement and maintain risk analytics (DV01, duration, convexity, scenario analysis) and design prepayment/default models, contributing to production-grade systems and documentation for both technical

Qualifications

• Proficient Python development with production-quality code.
• Strong understanding of securitized products mechanics and waterfall logic.
• Experience with cash flow modeling and risk analytics for ABS/MBS/CLO.
• Familiarity with PSA/CPR prepayment modeling and credit risk frameworks.
• Ability to communicate complex topics to technical and non-technical audiences.

Responsibilities

• Develop and maintain pricing libraries and models for securitized products (ABS, CLO, MBS, CMBS).
• Build and extend platform frameworks for securitized product lifecycle management and analytics.
• Implement risk analytics covering DV01, duration, convexity, spread risk, and stress testing.
• Design models for prepayment, default, and loss severity calibrated to market conventions.
• Collaborate with cross-functional teams and interact with clients to tailor solutions and document work.

Skills

Python

Structured products

Cash flow modeling

PSA/CPR

Client interaction

Front office exposure

Tools

Bloomberg

Intex

Trepp

MSCI

Job description

## Senior Quantitative Developer, Securitized ProductsApply: Office - New York: Full time: Posted Today: End Date: November 26, 2026 (30+ days left to apply): R7282-1**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* Work from anywhere 3 weeks out of the year* Work from home Fridays **Salary Range**156,400.00 - 210,841.00 USD AnnualThis 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.**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.*