The Hagan-Ricci Group (HRG)

Quantitative Research Specialists – NY Metro

Established Hedge Fund is seeking quantitative researchers with a passion for research to develop new and improve current proprietary quantitative trading strategies. Responsibilities include:

  • Perform statistical and economic research on financial data related to quantitative trading strategies in equities, credit, volatility or foreign exchange
  • Add features to proprietary research system to implement new research ideas
  • Drive research initiatives to develop proprietary quantitative trading strategies
  • Design research infrastructure for the purpose of conducting economic and statistical research

Requirements:

  • Ph.D. from top tier program in Finance, Economics, Operations Research or Financial Engineering is highly preferred.
  • 2-4 years of experience working with Credit and/or Volatility related products
  • Strong programming capability in MATLAB, Python or similar tools
  • Strong analytical and problem solving skills
  • Experience programming in MatLab or similar tools; Python experience a plus
  • Strong presentation skills and ability to discuss and explain involved concepts in finance and mathematics in both verbal and written form

Compensation $300-500K commensurate with experience. Must be eligible to work in the U.S.

Email MS Word attached resume in confidence to:

Reference BB54-QWAFAFEW, Quant Research Specialist on subject line.

Market Making Developer - NYC

HRG is seeking a high speed Market-Making Developer with exceptional technical skill-sets, especially C++. Responsibilities include the design and implementation of automated market making algorithms across various markets and asset classes. Liaise with internal and external entities in ensuring strategic flow of new applications and tools. Work on high development of internal trading engines.While previous experience within Options or Equities Market-Making would be a plus , exceptional coders from top non-finance institutions will also be considered.

Compensation $250,000 Must be eligible to work in the U.S.

Email MS Word attached resume in confidence to:

Reference DF162-QWAFAFEW, Market Making Developer on subject line.

Senior Quantitative Analyst, Model Validation – Boston

One of the top Asset Managers in the Boston area is looking for a Senior Quantitative Analyst to join their Enterprise Risk Management/Model Validation Team. The Model Validation Team focuses on quantitative risk management methodologies used to estimate and assess capital requirements for operational risk, credit risk, market risk, interest rate risk, economic risk and other risk types in support of both U.S. and international (Basel II) regulatory compliance, as well as other economic capital assessment and allocation goals.

The Senior Quantitative Analyst will participate in model validation to ensure model risks is correctly identified, assessed and captured by:

1)Assess model theory and assess model assumptions as well as consider model methods and potential options.

2)Test and confirm model results by using documented procedures for running the model(s).

3)Review code documentation for proper model implementation, including the possible simulation of results.

4)Work with data validation members and information technology professionals to determine model data integrity.

5)Perform model validation processes and performing independent model validation of significant models: asset pricing models, FX models, interest rate models, equity models, derivative models, credit portfolio management models, cash flow CDO valuation models, capital models, hedging models, operational risk models, credit risk models, market risk models and economic risk models.

6)Validate models to ensure the Model Risk does not exist.

7)Make recommendations and suggest improvements related to the applicability of the different models assessed in meeting their objectives.

Requirements:

  • PhD, in Finance, Economics or Math.
  • 6 plus years of work experience in a Financial Services Firm on a Model Validation Team.
  • Excellent quantitative modeling, analytical, research and programming skills (C++, SAS, MatLab).
  • Strong communication skills both verbal and written
  • Good project management skills, with the ability to work independently on multiple tasks and/or projects.
  • Knowledge of financial markets and products.
  • The candidate must be able to take initiative and meet deadlines.

Compensation $150-250K DOE Must be eligible to work in the U.S.

Email MS Word attached resume in confidence to:

Refer to RQ28-QWAFAFEW Model Validation Quant on subject line.