What are the responsibilities and job description for the Junior Quantitative Researcher position at Parallel Consulting?
Junior Quantitative Researcher - Mortgage/Credit Products
Background
We're partnering with the Head of Research and Quantitative Modeling at a top investment management firm expanding its mortgage modeling and research group.
Responsibilities
- Develop and refine mortgage prepayment and default models to enhance predictive accuracy.
- Conduct in-depth research and data analysis to uncover key drivers of loan performance.
- Implement advanced modeling techniques to improve efficiency and forecasting.
- Perform back-testing and performance analysis to optimize model outputs.
- Communicate complex quantitative insights to portfolio managers and traders.
- Collaborate with cross-functional teams to integrate research findings into risk and investment strategies.
Requirements
- Bachelor’s degree in Finance, Economics, Mathematics, or a related quantitative field (high GPA from a top institution).
- 1–5 years of relevant experience in data-driven research at a buy-side or sell-side firm.
- Proficiency in Python and SQL.
- Quantitative skills and knowledge of prepayment models would be valuable.
- Excellent communication skills with an ability to collaborate with PM/Traders.
Location: Miami
Compensation: $150-200k TC (Base Bonus)
Salary : $100,000 - $140,000
