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Quantitative Associate

Company: IBM
Location: Philadelphia
Posted on: January 17, 2020

Job Description:

IntroductionPromontory Financial Group seeks talented individuals at the Associate level to contribute to the firms global efforts to provide clients with solutions to challenging strategic, risk management, and regulatory compliance issues. We are seeking individuals to join our Quantitative Services Group, a growing team of specialists within Promontory who develop quantitative solutions to meet client needs. Travel and performance of work at client locations globally, for periods of time ranging from days to weeks, is typical.Your Role and Responsibilities

  • Play an active role in business development, client work, and other projects.
  • Develop statistical and econometric models to evaluate and predict the economic performance, market value, and risk of financial products, including residential mortgages, personal loans, credit cards, auto loans, commercial mortgages, secured and unsecured commercial loans, equity investments, fixed income products, and various derivatives (including interest rate swaps and foreign exchange options, etc.), as well as structured financial products based upon these assets.
  • Implement calculations related to regulatory capital requirements for large, complex financial institutions, including stress testing and risk-based capital requirements.
  • Construct and analyze large datasets to support the evaluation of financial institution compliance with supervisory requirements relating to consumer protection, anti-money laundering, fraud, and privacy.
  • Implement robust data sampling methods.
  • Produce clear reports describing quantitative analytics projects and their results, interpreting them for both technical and non-technical audiences and relating them directly to significant business issues both orally and in writing.
  • Perform other duties as assigned.Required Technical and Professional Expertise
    • Writing reports or articles and making presentations on technical quantitative modeling topics for non-technical audiences.
    • Statistical or econometric modeling using large, complex consumer or business datasets.
    • Developing quantitative models for risk and performance segmentation and measurement.
    • Statistical programming using tools such as MatLab, S+, or R.
    • Strong English writing skills, with the ability to construct well-founded, clear, and concise analyses and recommendations.
    • An ability to explain statistical and technical concepts to non-technicians.
    • An ability to work both independently and as a member of a team.
    • An ability to produce accurate work products under binding time constraints.
    • Excellent MS Word, Excel, Access, and PowerPoint skills.
    • Strong skills in statistics or econometrics.
    • Expertise with a statistical programming language such as R, S+, SAS, or MatLab, and ability to learn new programming languages quickly.
    • Knowledge of SQL use in big data.Preferred Technical and Professional Expertise
      • Applied econometric modeling of time series and panel data.
      • Quantitative economic modeling or quantitative finance.
      • Model development for the valuation of financial assets and liabilities.
      • Model validation.
      • SQL programming skills and experience with relational databases (e.g., Oracle, MS SQL, etc.).
      • Implementation of methods for exploratory data analysis.
      • Design of statistical samples and implementation of sampling methodologies.
      • Design and implementation of simulation or optimization models.
      • Programming and implementation of statistical algorithms in C/C++/JAVA.
      • Management consulting.About Business UnitIBM Industry Platforms provides a range of strategic technologies to remove much of the cost and complexity of delivering core business functions. By delivering artificial intelligence, analytics, security, blockchain and cloud technology as a service, and in a complete platform tailored to the needs of each industry, IBM helps clients become more customer-centric, balance costs and mitigate risk.Your Life @ IBMWhat matters to you when youre looking for your next career challenge?Maybe you want to get involved in work that really changes the world? What about somewhere with incredible and diverse career and development opportunities where you can truly discover your passion? Are you looking for a culture of openness, collaboration and trust where everyone has a voice? What about all of these? If so, then IBM could be your next career challenge. Join us, not to do something better, but to attempt things you never thought possible.Impact. Inclusion. Infinite Experiences. Do your best work ever.About IBMIBMs greatest invention is the IBMer. We believe that progress is made through progressive thinking, progressive leadership, progressive policy and progressive action. IBMers believe that the application of intelligence, reason and science can improve business, society and the human condition. Restlessly reinventing since 1911, we are the largest technology and consulting employer in the world, with more than 380,000 IBMers serving clients in 170 countries.Location StatementFor additional information about location requirements, please discuss with the recruiter following submission of your application.Being You @ IBMIBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

Keywords: IBM, Philadelphia , Quantitative Associate, Other , Philadelphia, Pennsylvania

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