What are the responsibilities and job description for the Junior Quantitative Developer position at Parallel Consulting?
Junior Quant Developer - Fixed Income / Model Optimization
Background
We are partnering with a Portfolio Manager at a leading investment management firm that is looking to add a Junior Quant Developer to the team. The role focuses on enhancing fixed income models and optimizing infrastructure to improve model development efficiency and ensure the robustness of business-critical applications.
Responsibilities
- Implement business strategies and model enhancements into a production-level C model.
- Restructure and modernize legacy code infrastructure (C ) to increase maintainability and adaptability, improving development speed.
- Optimize existing software tools and create new ones to streamline model validation and execution, enabling faster and more accessible result reporting for end-users.
- Contribute to the transition of on-premises environments to the cloud, including data migration, integration of analysis tools, and model platform (e.g., HPC on cloud).
- Convert existing standalone tools (Excel, Windows Form UI) to web-based applications for improved portability and accessibility across machines.
- Perform risk analysis of the existing portfolio and evaluate mark-to-market and go-forward IRR.
Requirements
- Bachelor's degree in a quantitative discipline (e.g., Computer Science, Engineering, Mathematics, Physics).
- Strong scientific programming skills, with a particular focus on C (knowledge of Python and SQL is a plus).
- Basic knowledge in Fixed Income and financial models would be advantageous.
- Experience in optimizing code for production environments.
- Ability to work collaboratively with a cross-functional team, including research and development teams.
- Excellent problem-solving skills and attention to detail.
Location: New York City
Compensation: $150-200k TC (Base Bonus)
Salary : $100,000 - $140,000