Lead Quantitative Researcher - Alternatives Risk

As part of FactSet's Analytics & Trading Middle Office Solutions Unit our Risk Quantitative Research and Development team (Risk QRD) is responsible for researching and developing FactSet's in-house factor based multi-asset class (MAC) risk models. That includes linear factor modeling, risk factors multivariate distribution fitting and Monte Carlo simulation, Full-valuation MAC risk modeling, among others. This is a global team that consists of self-motivated, articulate and highly skilled professionals. A unique blend of people with strong quantitative and technical skills.

In order to make an application, simply read through the following job description and make sure to attach relevant documents.

Our team is the source of both new and existing in-house risk models which means what we build has downstream consequences for many other systems and teams, including but not limited to : software engineering, product development, model validation, strategy, and sales.

The factor models in MC MAC risk model include public equity, private equity, corporates, commodities, inflation-linked, municipals, and mortgages. The models are being constantly improved based on internal research, recent advances in the risk modeling, changing market environments, and the feedback from our clients and the users of the risk model. The factor models are developed in python and then supported by our team.

Responsibilities :

As Lead quantitative researcher on this team, you will be required to :

research and execute on factor risk models pipeline for FDS MAC Risk solution with focus on alternatives, including private credit, direct real estate, private equity, hedge funds.

ensure high quality risk models through use of extensive model testing and documentation

review the current versions of the models and perform in-depth research aligned with the established market industry standards and the recent trends in both academic and practical studies

prototype and implement in python the respective next generation of the given sub-model

work closely with marketing and the research director to write, publish, and promote research papers and insight articles

transfer knowledge on the respective models to internal and external stakeholders

provide guidance on model usage and interpretation of results

Being successful on this team is not possible without a willingness to participate and communicate.

Requirements :

Masters in Financial Engineering, Math, Computer Science or closely related field

7 years of experience in quantitative risk modeling and / or quantitative portfolio management working at an asset manager, hedge fund or similar software provider

Solid understanding of the risk drivers in the various asset classes.

Very strong quantitative research and software development skills using Python, C , Java or R

Strong leadership, communication, and interpersonal skills

Detail-oriented with the ability to see the big picture

Enthusiasm, strong sense of initiative and projects ownership capacity

Willingness to travel for client visits and speaking engagements

Agile, action-oriented, quick thinker : you can deliver preliminary results fast by making simplifying assumptions, and take time to dive deeper if our business priorities allow and if the problem demands more scientific rigor

Highly Desired :

Experience in building market risk models for alternative investments

Algorithms development, optimizing and scaling up time consuming code

Familiarity with Git, Git branching, repository management

We offer :

A place in the team developing our own world-class risk solutions where everyone's contributions to the team and product success are visible and the product, passion and hard work is recognized and valued.

A friendly business casual atmosphere in a workplace that consists of diverse talents and working environment driven by challenges, recognition, and rewards. Nice office location and compensation package as well as flexible working hours and hybrid work model are also included.

Apply today and become part of the successful FactSet Risk Quantitative Research and Development Team!

The budgeted amount range for this position in New York City is $200,000 - $260,000

FactSet is a financial data and software company headquartered in Norwalk, CT, with offices in 48 locations worldwide. As a global financial information and analytics provider, FactSet helps the world's best investment professionals outperform. More than 170,000 users across 7000 clients stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. As of August 2023, the annual subscription value reached $2.2 billion.

What's In It For You :

Flexible work accommodations. Choose to work remotely, in person, or in a hybrid set-up

The opportunity to join a growing firm with a proven track record of success for over 40 years, made up of thoughtful, innovative minds that value collaboration and welcome your new ideas to the table

Mentorship and growth opportunities from senior employees

Career progression planning and a focus on career development, complete with dedicated time each month for conference attendance, online learning seminars, and networking

A robust social community dedicated to volunteerism, intramural sports, and team-building events

Business resource groups that align with our DE&I strategy, designed to cultivate an inclusive environment for all

Learn more about our benefits here .

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We are here to support you! If you have taken time out of the workforce and are looking to return, we encourage you to apply and chat with our recruiters about our available support to help you relaunch your career.

At FactSet, we celebrate diversity of thought, experience, and perspective. We are committed to disrupting bias and a transparent hiring process. All qualified applicants will be considered for employment regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. FactSet participates in E-Verify.

FactSet is an Equal Opportunity Employer - M / F / Veteran / Disability / Sexual Orientation / Gender Identity

At FactSet, we celebrate diversity of thought, experience, and perspective. We are committed to disrupting bias and a transparent hiring process. All qualified applicants will be considered for employment regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. FactSet participates in E-Verify

FactSet is an Equal Opportunity Employer - M / F / Veteran / Disability / Sexual Orientation / Gender Identity

VEVRAA Federal ContractorRequest Priority Protected Veteran & Disabled Referrals for all of our locations within the stateThe EEO is the Law poster is available here.FactSet Research Systems Inc. endeavors to make our website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Jennifer Passeck, Lead Recruiting Specialist, Human Resources at 1 (203) 810-2472 or recruiting@factset.com.Equal Opportunity Employment PolicyIt is the policy of FactSet Research Systems Inc. ("FactSet") to provide equal employment and advancement opportunities to all qualified employees and applicants for employment regardless of their race, color, religion, sex, age, sexual orientation, gender identity or expression, national origin, physical or mental disability, genetic information, protected veteran status, pregnancy, military or military reserve obligations, or any other class or status protected by law. This policy applies to all policies and procedures related to recruitment, hiring, training, promotion, compensation, benefits, transfer, discharge, and other terms and conditions of employment. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status. If you have questions concerning this policy, please contact the Human Resources department at 1 (203) 810-1000.PDN-9e12b651-6dab-49d1-a0c2-91068d53bd7d

Salary : $200,000 - $260,000