What are the responsibilities and job description for the Quantitative Strategies Associate position at Cross River?
Who We Are
Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.
We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.
What We're Looking For
Work closely with members of the company's Quantitative Strategies Group (QSG) to build analytics, research asset performance and prototype new quantitative modeling methodologies for lending and credit products, such as ABS, Structured Credit, and Private Credit. Assist in conducting quantitative research by evaluating new methodologies and writing production-ready code. Develop analytical solutions and tools to support the Trade Desk with pricing requests and ad-hoc analysis for live deals. Help create reporting visualizations for different areas of the business and support alternative functions of the company by developing feasible and scalable quantitative solutions by using multiple data management and wrangling platforms like Excel, Python, SQL. Build and automate performance dashboards to help monitor and analyze multiple marketplace lending portfolios. Summarize portfolio performance via monthly reports that illustrate risk, return and quantitative insights across platforms. Support additional industry thematic research as required. Build quantitative models for company by utilizing knowledge of Financial Engineering concepts like Monte Carlo, Portfolio Optimization, Statistical Modeling (time series analysis, logistic regression, etc.) as well as supervised/unsupervised Machine Learning concepts. Build an understanding of the end-to-end life cycle of model development from ideation to implementation. Work closely with senior members of QSG, Portfolio Managers, and other stakeholders to help drive capital allocation decisions. Deliver portfolio management tools and data science products to help grow different organizational functions and facilitate due diligence and data requests from investors.
Requirements:
Salary: $130,000/year
Location: Fort Lee, NJ
Employer: Cross River Bank
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.
Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.
We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.
What We're Looking For
Work closely with members of the company's Quantitative Strategies Group (QSG) to build analytics, research asset performance and prototype new quantitative modeling methodologies for lending and credit products, such as ABS, Structured Credit, and Private Credit. Assist in conducting quantitative research by evaluating new methodologies and writing production-ready code. Develop analytical solutions and tools to support the Trade Desk with pricing requests and ad-hoc analysis for live deals. Help create reporting visualizations for different areas of the business and support alternative functions of the company by developing feasible and scalable quantitative solutions by using multiple data management and wrangling platforms like Excel, Python, SQL. Build and automate performance dashboards to help monitor and analyze multiple marketplace lending portfolios. Summarize portfolio performance via monthly reports that illustrate risk, return and quantitative insights across platforms. Support additional industry thematic research as required. Build quantitative models for company by utilizing knowledge of Financial Engineering concepts like Monte Carlo, Portfolio Optimization, Statistical Modeling (time series analysis, logistic regression, etc.) as well as supervised/unsupervised Machine Learning concepts. Build an understanding of the end-to-end life cycle of model development from ideation to implementation. Work closely with senior members of QSG, Portfolio Managers, and other stakeholders to help drive capital allocation decisions. Deliver portfolio management tools and data science products to help grow different organizational functions and facilitate due diligence and data requests from investors.
Requirements:
- Master’s Degree in Financial Engineering, Quantitative and Computational Finance, or Financial Mathematics and six (6) months of experience in job offered or six (6) months of product engineering/management experience working on equity portfolio fund products
Salary: $130,000/year
Location: Fort Lee, NJ
Employer: Cross River Bank
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.
Salary : $130,000
