The role will involve the development and enhancement of capital and loss forecasting models within the bank, with a particular focus on the achieving compliance with the Basel committee market risk requirements outlined as part of the Fundamental Review of the Trading Book. This is a high-profile area and presents a challenging and intellectually stimulating role in a dynamic team that is used to delivering in a timely manner to many different constituents of the bank.
Responsibilities
As a Quantitative Finance Analyst your main responsibilities will involve:
Developing and implementing new models or enhance existing models
Maintaining & developing loss forecasting and capital models
Seeking out work and enhancing current models/processes
Producing clear and coherent technical documentation for internal and regulatory purposes
Competencies
Qualified PhD level in a numerical discipline (e.g. Statistics, Mathematics, Physics or Engineering)
Experience in developing, documenting & maintaining numerical models for purposes of loss forecasting or calculating capital requirements
Demonstrates consistent attention to detail
Proven ability to communicate complex technical concepts clearly
Essential Skills
Technical skills: Statistics, Probability Theory, Econometrics
IT skills: Prior experience of using both statistical modeling tools (e.g. SAS, R) and development experience in either C++ or Python
Documentation: Ability to clearly document quantitative models and evidence technical modeling choices
Data analysis and interpretation. Experience of interpreting and manipulating large financial data sets
A Practical knowledge of credit products including loans, bonds and credit derivatives
Nice to have
Practical experience of quantitative model documentation using of LaTex or similar mathematical typesetting packages
Job Type & Location
This is a Permanent position based out of Jersey City, NJ.
Pay And Benefits
The pay range for this position is $115000.00 - $145000.00/yr.
Individual compensation offered for this position within this range will depend on many factors, including qualifications, skills, relevant experience, job knowledge, geographic location, internal equity, and other pertinent job-related factors.
Health & Wellness Medical, dental, and vision insurance Prescription drug coverage Telehealth services Mental health counseling and support programs Health Savings Account (HSA) and Flexible Spending Accounts (FSA), where eligible Wellness programs, including incentives and wellness credits for eligible employees Retirement & Financial Benefits 401(k) retirement plan with company matching contributions Access to Merrill retirement and investment resources Employee stock purchase opportunities and equity programs for eligible populations Financial planning resources and education tools Paid Time Off Vacation time Holidays Sick time Parental leave (maternity, paternity, adoption support) Bereavement leave Military leave and other leave programs Family & Life Benefits Life insurance Disability insurance (short-term and long-term) Fertility, adoption, and family-building assistance Backup childcare and eldercare resources (subject to program availability) Employee Assistance Program (EAP)
Workplace Type
This is a hybrid position in Jersey City,NJ.
Application Deadline
This position is anticipated to close on Sep 29, 2026.
About TEKsystems
We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an industry leader in Full-Stack Technology Services, Talent Services, and real-world application, we work with progressive leaders to drive change. That's the power of true partnership. TEKsystems is an Allegis Group company.
The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
About TEKsystems And TEKsystems Global Services
We’re a leading provider of business and technology services. We accelerate business transformation for our customers. Our expertise in strategy, design, execution and operations unlocks business value through a range of solutions. We’re a team of 80,000 strong, working with over 6,000 customers, including 80% of the Fortune 500 across North America, Europe and Asia, who partner with us for our scale, full-stack capabilities and speed. We’re strategic thinkers, hands-on collaborators, helping customers capitalize on change and master the momentum of technology. We’re building tomorrow by delivering business outcomes and making positive impacts in our global communities. TEKsystems and TEKsystems Global Services are Allegis Group companies. Learn more at TEKsystems.com.
The company is an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.
San Francisco Fair Chance Ordinance:
Pursuant to the San Francisco Fair Chance Ordinance, for all positions located in the city and county of San Francisco, we will consider for employment qualified applicants with arrest and conviction records.
Massachusetts Lie Detector:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Use of Artificial Intelligence (AI):
We may use Artificial Intelligence (AI) to support parts of our hiring process, including sourcing, screening, and evaluating candidates. AI helps assess applications and qualifications, but final decisions are made by our hiring team. By applying, you acknowledge and agree that your application may be reviewed using AI tools.
