More than 30 years ago, E*TRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.
E*TRADE seeks a motivated self-starter for a high-profile position in the Market Risk Group. This position will focus on developing models used for Market Risk management and Balance Sheet Stress Testing.
Prior experience developing relationships between macro-economic factors and deposit balances, MBS prepayments (single family and multi-family), and consumer credit defaults. Knowledge of financial products is essential, including a detailed understanding of term structure modeling, fixed income mathematics and cash flow modeling techniques.
Responsible for development, maintenance and enhancement of quantitative/analytic models and applications in support of the firm's market risk management effort
Enhance risk analytics in interest rate risk and credit risk using PCA, VaR, and stochastic modeling techniques
Develop code to incorporate models into PolyPaths
Preparation of developmental evidence and document to support internal and external inquiries
Partner with various internal groups including Treasury, Risk, and Model Risk Management to provide model transparency and enhance analytics capability
Applies advanced knowledge to produce advanced analytical material for discussions with cross functional teams to understand complex business objectives and influence investment decisions
MS or PhD in relevant quantitative and finance fields (finance, statistics, economics, etc)
10+ years' work experience in fixed income quantitative modeling role
Working knowledge of time series methods, panel data analysis and Monte Carlo simulation
Understanding of how quantitative methods can be applied to finance and banking
Non-maturity deposit modeling experience
Experience with PolyPaths, BlackRock, Intex and Trepp
Strong verbal/written communication and project management skills
Ability to manage and mentor junior staff
We offer a competitive and comprehensive benefits package. Please visit https://www.etradecareers.com/why-work-at-etrade/employee-benefits/ to learn more about the opportunities.
E*TRADE Financial is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable law.