Quantitative Developer

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Date: Aug 2, 2022

Location: New York, NY, US New York, NY, US

Company: New York Life Insurance Co

 

 

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.

 

 

The 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 work with senior members of the team to help and support with responsibilities over the company’s quantitative modeling and projection capabilities. Responsibilities will include designing and implementing both model and platform improvements, and ongoing production responsibilities. The role requires financial engineering, statistic, as well as strong coding skills. This role requires effective communication skills and close coordination with other members within the Asset Liability Management team, Enterprise Technology, and business stakeholders.   

 

This person will be part of the team that interacts closely with other areas such as Finance, Actuarial, Risk management and Investments, as well as the Business Unit areas regarding the quantitative modeling and investment strategy efforts. 

This role offers interested candidates the opportunity to learn both traditional and innovative methods for ALM & investment strategy development and to work on challenges and solutions that dominate leading-edge ALM discussion today.

 

Responsibilities 

  • Serve as the junior quantitative developer supporting the team in building new capabilities and maintain existing code infrastructure of our Asset Liability Modeling platform
  • Be part of the team that partners with sector specialists, investment accounting, asset data & research teams to support the expanding modeling capabilities of the company, that includes a broad spectrum of the investment universe ranging from corporate bonds and structured products to alternative investment and derivatives. The role provides exposure to broad spectrum of asset classes and modeling methodologies.
  • Support the research efforts focusing on new quantitative modeling methods.
  • Maintenance and enhance the automation of production processes, including generation of economic scenarios while improving the current modeling and valuation processes.

 

Qualifications 

  • Excellent programming skills in one of the languages Python / MATLAB / R / C++ / VB.Net / C# is required.
  • Familiarity with both relational and object databases is preferred.
  • Strong quantitative skills, with a Bachelor’s degree preferred in a technical field like Mathematics, Statistics, Computer Science, or Financial Engineering. Advanced graduate degree is preferred.
  • 2+ years of experience building, programming and implementing quantitative models.
  • Excellent communication required and strong technical writing skills is preferred.
  • Effective time management and project coordination skills, strong team player.

 

 Other Desired Skills  

  • 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.

 

 

 

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: 85828

 

 

 


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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