NFA is purpose-driven. We safeguard the integrity of the derivatives markets, protect investors and ensure that our Members meet their regulatory obligations. We take pride in our work; maintain a conviction to do the right thing; empower each other; and support our community. Envision your career in a place where performing critical regulatory work within the financial industry is as significant as the passionate and talented individuals with whom you work.

Job Title: Quantitative Associates

Location: Various and unanticipated worksites throughout the U.S. (HQ: Chicago, IL)

Job Type: Full-Time

JOB DESCRIPTION

Quantitative Associates for various and unanticipated worksites throughout the U.S. (HQ: Chicago, IL). Validate and approve financial quantitative models, including internal capital and margin models. Provide technical expertise on capital, margin, and other matters relating to quantitative risk management and collateral disputes. Implement programs to assess models and ensure compliance with NFA rules and CFTC requirements, including initial margin models and capital models. Execute regulatory oversight problems to regulate ongoing model performance. Represent and promote NFA’s educational initiatives by interacting with NFA members, industry representatives and other outside organizations. Evaluate industry and understand industry trends. Technical environment: Model development, model risk management and model performance monitoring for pricing or risk models, including assessment of model's conceptual soundness, accuracy of implementation, and model assumptions; Risk management statistical tools (probability theory and statistical inference, time series analysis, statistical distributions and statistical tests, linear algebra, and matrix computations) and Monte Carlo simulation; Specialized knowledge in operational risk, liquidity risk, and corporate treasury for BAU, CCAR and ICAAP usage; Model performance testing (backtesting, stress testing, scenario analysis, sensitivity analysis, and calibration tests); Derivative products across various asset classes, underlying products and markets, pricing/risk models and valuation methods; Coding/scripting language (Slang, Python).

JOB REQUIREMENTS

Master’s degree in Mathematical/Computational Finance, Mathematics, Statistics or related quantitative field plus 2 years of experience with financial quantitative analysis required. Required skills: Model development, model risk management and model performance monitoring for pricing or risk models, including assessment of model's conceptual soundness, accuracy of implementation, and model assumptions; Risk management statistical tools (probability theory and statistical inference, time series analysis, statistical distributions and statistical tests, linear algebra, and matrix computations) and Monte Carlo simulation; Specialized knowledge in operational risk, liquidity risk, and corporate treasury for BAU, CCAR and ICAAP usage; Model performance testing (backtesting, stress testing, scenario analysis, sensitivity analysis, and calibration tests); Derivative products across various asset classes, underlying products and markets, pricing/risk models and valuation methods; Coding/scripting language (Slang, Python). Telecommuting permitted. $122,762-190,100/yr

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status.