Quantitative Associate

Department: OTC Derivatives Compliance

Location: New York, NY

Travel Requirements: Up to 20%

Job ID:  311

DIVERSITY & INCLUSION
NFA's culture supports all our employees to perform at the highest level, no matter the circumstances, and values an inclusive culture where all staff can thrive. Read more.

 

When you join NFA as a Quantitative Associate, you will gain unique insight into the global derivatives industry and its regulatory framework, utilizing your critical thinking, data analysis and risk assessment skills every day. 

Bring your analytical and innovative mindsets. Bring your thirst for knowledge and learning. Bring a healthy skepticism and an eye for detail.

Beginning your first day and throughout your career, you'll gain exceptional experiences, career-long and personalized learning and invaluable coaching and mentoring. We believe in nurturing talent to develop future NFA and industry leaders.

What you'll do:

You'll join a high-performing team of dedicated Model Validators who review technical papers and capital, margin and pricing models submitted by financial institutions. As a Quantitative Associate, you'll validate conceptual model assessments and implementation, input data validation and perform backtesting and benchmark testing. You'll support our important regulatory mission by identifying model limitations and evaluating their materiality. With your team, you'll provide guidance to financial institutions regarding improvements in model design, implementation, output reporting, documentation and governance.

What we’re looking for:

Team-oriented individuals thrive in this collaborative, analytical role. If you're eager to apply your quantitative abilities to serve a public good—supporting the integrity of the derivatives markets—and meet the qualifications below, we encourage you to apply to join our team as a Quantitative Associate.

  • Two or more years of experience in quantitative areas, model validation, risk management at a financial institution, commodity or energy firm or regulatory agency
  • Advanced degree in a quantitative field (e.g. mathematical finance, mathematics, statistics or related fields)
  • Detailed knowledge of OTC derivatives and underlying markets, pricing models, sensitivities, valuation methods and risk management measures
  • Excellent oral and written communication skills
  • Strong analytical, decision-making and problem-solving skills
  • Familiarity with capital requirements and model risk management preferred
  • Familiarity with Dodd-Frank regulations a plus

The salary range for the position is $130,000 - $175,000.


This position requires that you be fully vaccinated against COVID-19 by the date of hire. Proof of vaccination will be required as a condition of employment. In accordance with applicable law, NFA will assess on a case-by-case basis whether a reasonable accommodation can be provided to individuals who demonstrate that the vaccine cannot be administered due to medical or religious reasons.


 

WHY CHOOSE NFA?

We understand how important culture is to an organization, and we pursue a culture of excellence where every NFA employee, regardless of circumstances, can succeed. Our workforce respects and celebrates each employee's diversity, unique values and abilities, all of which mold our creative approach to regulation. Most importantly, we believe that our diverse, inclusive workforce makes NFA a friendly, supportive and enjoyable place to work.

MAKE OUR MISSION YOUR CAREER

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 diverse, passionate and talented individuals with whom you work.

Together, we will innovate regulation.

 

Benefits

Read about NFA's generous and flexible benefits package that allows employees to balance work and life.

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Our Culture

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Our People

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NFA Cares

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