Job Summary:
The Quantitative Financial Analyst (QFA) plays a crucial role in designing and testing financial models at Clearwater. They work with a diverse range of financial products and quantitative modeling techniques across various asset classes, encompassing risk metrics, amortization, and performance models. This role involves access to back-office pricing systems and validation libraries for benchmarking and model testing. The QFA conducts research on different financial models and suggests optimal solutions, effectively communicating and coordinating outcomes with relevant departments.
Responsibilities:
- Researches and develops mathematical models for advanced financial calculations.
- Develops, maintains, and executes test plans for financial models.
- Researches and analyzes various data to determine proper inputs for financial models.
- Performs hands-on testing of new financial products or enhancements to existing products.
- Should have IT work experience – conversant with software
- Should know how to read financial docs – like balance sheet, financial summary, financial statements.
- Defines complex scenarios and variations in data to adequately test the functionality.
- Monitors and investigates the automated test results.
- Submits defects in defect tracking system and retests and verifies these defects once they are fixed.
- Interacts with other Financial Subject Matter Experts (SMEs) and development teams to identify and refine requirements.
- Reviews and provides feedback on requirements, design, and scope documents.
- Assists with education and training regarding enhancements or newly created financial models.
- Assists developers in analyzing unexpected regressions for a code change.
- Understands the data model for their domain, including the data consumed and produced by the code base.
- Works with other teams to validate cross team changes.
- Builds productive internal/external working relationships.
- Verifies code changes that impact calculation methodologies within the projects they are working on.
- Performs Acceptance testing where appropriate.
Required Skills:
- Extremely strong quantitative skills and advanced mathematics.
- Should know how to read financial docs – like balance sheet, financial summary, financial statements.
- Strong computer skills, including proficiency in Microsoft Office.
- Excellent attention to detail and strong documentation skills.
- Outstanding verbal and written communication skills.
- Strong organizational and interpersonal skills.
- Exceptional problem-solving abilities.
- CFA Level 1
Education and Experience:
- Bachelor's/master's degree in finance, Economics, Engineering, Mathematics, or a related field.
- 2+ years of relevant experience.
- Experience in Performance Measurement Techniques including risk adjusted returns and alternative asset performance measurement methods.
- Experience in Fixed Income Securities and Risk Analytics including cash flow analysis, OAS, and numerical methods.
- Experience with Stochastic Modeling of Financial Markets.
- Experience in Derivatives Pricing Models and Computing Implied Volatility.
- SQL/Database experience.
- Should be BCom / MBA Finance.
Top Skills
What We Do
Clearwater Analytics is the leading provider of web-based investment portfolio accounting, reporting, and reconciliation services for institutional investors at thousands of organizations.
Clearwater aggregates, reconciles, and reports on more than $5.5 trillion in assets across thousands of accounts daily. Our clients include corporate treasuries, insurance companies, investment managers, banks, governments, and other institutional investors both in the United States and worldwide.
For more than a decade, we have leveraged web-based software and world-class client service to help clients such as American Family Insurance, Arch Capital, C.V. Starr & Co., Cisco, Facebook, Oracle, Selective Insurance, Sirius Group, Sompo International, Starbucks, WellCare Health Plans, Wilton Re, and many others, streamline their investment and accounting operations. Clearwater also works with hundreds of custodians, investment managers, dealers/brokers, and electronic trading portals who offer Clearwater to their many clients.
With global headquarters in Boise, Idaho, and offices in Edinburgh, London, New Delhi, New York, and Singapore, Clearwater sets the new global standard for investment portfolio reporting.
