Quantitative Risk Analyst

Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks a Quantitative Risk Analyst with a strong background in systematic trading to join the global Risk and Trading Supervision team.

Responsibilities

• Analyzing firm portfolios to identify market risks and performance drivers; expanding the current risk infrastructure to facilitate efficient risk management and ensure comprehensive coverage of firm risk exposures
• Supporting risk managers and team members on topics such as risk limit usage, firm and portfolio risk exposures, tail risks, and forward-looking risk events
• Developing new models (factor models) for risk analysis, performance analysis (P&L explain, performance statistics), enhancement of value-at-risk models and stress calculations on cross-asset products
• Ad-hoc analysis on specific trades & advising on risk scaling
• Helping design and prototype risk analytics and reports for portfolios of diverse products and strategies
• Collaborating closely with the technology team to deploy prototypes to production; continuously enhancing reports and systems areas when necessary
• Working with other departments to strengthen data integration, develop reports, and produce collaborative analysis for management

Qualifications

• At least 1 to 3 years of work experience in market risk or trading in Equities, Macro, Fixed Income, FX, or Credit
• Masters or PhD degree with a strong academic record required. An advanced STEM degree highly preferred
• Solid product knowledge & analytical rigor in terms of pricing models, risk sensitivities, and best practices for risk aggregation in a portfolio context
• Expertise working with large data sets & databases
• Strong Python and SQL skills
• Experience with pricing functions packages (i.e., QuantLib)
• Knowledge of MSCI/RiskMetrics/Barra is beneficial
• Excellent communication skills
• The ability to multitask and collaborate with team members to deliver on deadlines in a fast-paced environment

Anticipated annual base salary range $130,000 - 175,000, plus eligible for discretionary bonus

Benefits

Tower’s dual offices and garden roof decks are located in TriBeCa and SoHo, neighborhoods in downtown Manhattan. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

• Competitive salary and performance-based bonuses
• 401(k) with company matching
• 5 weeks of paid vacation per year plus 9 paid holidays
• Free breakfast, lunch, and snacks on a daily basis
• Reimbursement for health and wellness expenses
• Free events and workshops
• Donation matching program

Tower Research Capital is an equal opportunity employer.