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Associate, Quant Analyst
Location:
New York, NY
Description:
Location Designation: Hybrid When you join New York Life, you're joining a company that values career development, collaboration, innovation, and inclusiveness. We want employees to feel proud about being part of a company that is committed to doing the right thing. You'll have the opportunity to grow your career while developing personally and professionally through various resources and programs. New York Life is a relationship-based company and appreciates how both virtual and in-person interactions support our culture. This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home. The Asset Liability Management (ALM) & Investment Strategy Team's mission at New York Life is to effectively partner with the business, finance, and asset management teams to research, develop, and implement Investment strategies that help meet business and financial objectives. These goals heavily depend on robust models and data. This role will have broad responsibilities over the company's quantitative modeling and projection capabilities. Responsibilities will include modeling of traditional and exotic fixed income and equity assets, modeling of insurance liabilities with embedded options, proxy modeling and optimization techniques, designing and implementing both model and platform improvements, and ongoing production responsibilities. The role requires strong mathematical and statistic, as well as coding skills. Also important is effective communication and close coordination with other members within the Asset Liability Management team, Enterprise Technology, and business stakeholders. This person will interact closely with other areas such as Finance, Actuarial, Risk management and Investments, as well as the Business Unit areas regarding quantitative modeling efforts. This role offers interested candidates the opportunity to learn methods for asset price modeling and forecasting, ALM & investment strategy development, and to work on challenges and solutions that dominate leading-edge ALM discussion today. KEY DUTIES & RESPONSIBILITIES: Serve as the quantitative researcher and developer to build new capabilities and maintain existing code infrastructure of our Asset Liability Modeling platform. Partner with sector specialists, investment accounting, asset data & research teams to expand the company's modeling capabilities, that includes a broad spectrum of the investment universe ranging from corporate bonds and structured products to alternative investment and derivatives. Research of new quantitative modeling methods for stochastic modeling of assets and liabilities with embedded optionality. Research and Development of novel Forecasting and Risk management models based on the latest developments in asset pricing and risk modeling theory. Maintenance and enhanced automation of production processes, including generation of economic scenarios. REQUIRED EDUCATION/TRAINING & EXPERIENCE: Strong quantitative skills, with an advanced degree in a technical field (Mathematics, Computer Science, Physics, Statistics, Financial Engineering, etc.). PhD in a quantitative filed is a strong plus. Excellent programming skills in objected oriented and procedural languages such as Python / MATLAB / R / C++ / VB.Net / C#. Familiarity with both relational and object databases Knowledge of numerical methods, familiarity with stochastic processes and Monte Carlo simulation techniques is a plus. Some experience building models, preferably targeted at financial instruments, insurance products or capital markets. Excellent communication and technical writing skills. Effective time management and project coordination skills to handle multiple projects. OTHER DESIRED SKILLS & CHARACTERISTICS: Ability to think outside the box. Ability to work independently as well as be a thought leader for others. Ability to work with tight deadlines and changing priorities and requirements. Ability to create effective partnerships with diverse roles and positions throughout the organization. This position is hybrid - Tuesday - Thursday in the New York Office and Monday and Friday work from home. #LI-VL1 #LI-HYBRID Salary range: $80,000-$102,500 Overtime eligible: Exempt Discretionary bonus eligible: Yes Sales bonus eligible: No Click here to learn more about our benefits . Starting salary is dependent upon several factors including previous work experience, specific industry experience, and/or skills required. Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation . We're proud that due to our mutuality, we operate in the best interests of our policy owners. We invite you to bring your talents to New York Life, so we can continue to help families and businesses "Be Good At Life." To learn more, please visit LinkedIn , our Newsroom and the Careers page of www.NewYorkLife.com . Job Requisition ID: 89720 Nearest Major Market: Manhattan Nearest Secondary Market: New York City Job Segment: Liability, Risk Management, R&D Engineer, .NET, Accounting, Insurance, Finance, Engineering, Technology Requisition #: 109838XXXX6ahf9io63
Company:
New York Life
Posted:
November 17 2023 on InsuranceJobs
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More About this Listing: Associate, Quant Analyst
Associate, Quant Analyst is a Jobs Analyst Job at New York Life located in New York NY. Find other listings like Associate, Quant Analyst by searching Oodle for Jobs Analyst Jobs.
Associate, Quant Analyst is a Jobs Analyst Job at New York Life located in New York NY. Find other listings like Associate, Quant Analyst by searching Oodle for Jobs Analyst Jobs.