Senior Financial Engineer

Senior Financial Engineer

Algorithmics

The Company

Algorithmics is the world’s leading provider of enterprise risk solutions. Financial organizations from around the world use Algorithmics’ software, analytics and advisory services to help them make risk-aware business decisions, maximize shareholder value, and meet regulatory requirements. Supported by a global team of risk experts based in all major financial centers, Algorithmics offers proven, award-winning solutions for market, credit and operational risk, as well as collateral and capital management. Algorithmics is a member of the Fitch Group.

The Role

The role has a strong focus on financial instrument modelling, scenario based analysis, and standard risk methodologies. Experience and comfort with these techniques is important. Knowledge of the regulatory environment and requirements for banks, insurance and asset management firms (e.g. Solvency II, BASEL, APRA etc.) is a plus.

Confident, experienced client interaction at a senior level is a very important part of the role. 

Involvement will be required at all stages of project implementations, from definition through to acceptance testing while working within a multi-disciplinary team of integration engineers, project managers and other financial engineers.   

Responsibilities

?Defining client functional requirements. These include reporting, pricing, calibration, optimization, scenario analysis. This includes consulting with clients to understand risk best practices and methodologies and formulate proposals of creative solutions for addressing functional gaps.

?As part of deployment, define and build instrument modelling specifications, scenario methodologies, reporting.  Liaise with clients to ensure full acceptance of all results via validation exercises as required.

?Presentations to clients and internal audiences on Algorithmics functionality.

?Provision of guidance and mentoring for new team members and junior Financial Engineers.

The role is largely based at Algorithmics’ Frankfurt office.  Short-term travel can be expected to client sites in the EMEA region, as well as occasional visits to the London and head office in Toronto.

Competencies and Skills

?Solid understanding of financial economics, financial mathematics, and statistics. Topics of expertise required include derivative pricing, stochastic calculus, interest rate models, optimization, credit risk models, and regulatory requirements.

?Strong practical knowledge of investment markets, financial market conventions, and risk management practices. Previous risk analysis experience highly desirable.

?Strong and proven investigation and problem solving skills. Algorithmics clients face complex real world challenges and versatility in problem solving across domains is needed.

?Strong presentation and communication skills; the role requires delivering complex presentations to varied audiences ranging from quantitative experts and technology consultants to senior management of financial institutions. Business level proficiency in other languages is beneficial.

?Familiarity and comfort with a technical environment involving Unix, shell and Perl Scripting, Java and C++ language development and Oracle database infrastructure.

?Experience in consulting or client services role is a plus.

?Willingness and ability to travel is highly desirable

?Fluency in English German

Education

?University degree in the field of Economics, Finance, Mathematics, Statistics or other quantitative discipline.

?Advanced degree in Financial Engineering or Mathematical Finance highly desirable.

?CFA, PRMIA or FRM designation(s) beneficial.

Work Experience

?Related financial industry experience working in a collaborative, team-oriented environment. 

Algorithmics Inc. is an equal opportunity employer.  It is Algorithmics’ policy to recruit and select applicants for employment solely on the basis of their qualifications, with emphasis on selecting the best-qualified person for the job.  Algorithmics does not discriminate against applicants based on race, color, religion, sex, sexual orientation, national origin, or disability or any other status or condition protected by applicable law.

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