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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $160K - $210K

MassMutual ranks at 100 in the 2022 Fortune 500 list of the largest United States corporations by total revenue. The company has revenues of $10.7 billion and assets under management of $312 billion (as of 2022). The company employs more than 7,000 in the United States, and a total of 10,614 internationally

Lead Investment Quantitative Developer

New York, New York

Investment Management
Job IDR14949

As an Investment Quantitative Developer, the ideal candidate will draw on their extensive background in financial models and software development principles to help architect technology solutions for a fast-paced market-driven environment. A background in fixed income and equity instrument modeling will help you in working closely with quantitative strategists, subject matter experts, and other development resources to research and build features, components, and analytics for a new analytical platform in development in Investment Management that aims to better assess and mitigate Market Risk in the context of our General Investment Account. This role requires both Python and SQL programming ability and comfort with emerging cloud-based technologies. You will work in a fast-paced, innovative and collaborative environment to build MassMutual’s market analytics infrastructure and other exciting technology directives. In addition to building applications and analytics infrastructure, the candidate will support applications already built by the team, understand them and be able to debug when issues arise.

The Impact:

The quantitative developer’s primary responsibility is to own and advance the back-end tools needed to manage Market Risk, especially in relation to our assets and liabilities. To do this, the role has accountability for performing the following:

  • Research, architect, design, and build cutting edge technology solutions to support Portfolio Managers in Asset Liability Management
  • Leverage cloud solutions and implement web applications, tools, and APIs
  • Develop and provide unit, integration, and regression tests for platform stability and business continuity
  • Own and undertake broader special research and development projects in support of Asset Liability Management, and hedging of tail risk exposures
  • Collaborate with colleagues in other departments of MassMutual for modelling and analytics builds
  • Build and support functionality and applications in support of the current Market Risk build out as well as support for day to day hedging of portfolio
  • Own and support already built functionality and applications which track portfolio risk, and provide guidance for Asset Liability Management
  • Own and support new and existing functionality for back testing and analysis of trade ideas involving various market factors, which will result in better risk hedging and taking advantages of market opportunities

The Minimum Qualifications

  • At least 10 years of background/understanding of financial instruments, rate risk, equity instruments and equity risk
  • Experience at an investment firm in a market setting
  • Strong Python coding background
  • Proclivity for automation
  • Code management and testing
  • Degree in STEM
  • Experience developing code
  • Experience developing analytics models for valuation and risk calculations across market instruments

The Ideal Qualifications

  • Ability to work and develop code in a group setting, where multiple developers build parts of the same process
  • Working knowledge of financial rate instruments, rate risk, equity instruments and equity risk
  • Key technologies: Python, SQL, Excel, Git, AWS, and related tools and open-source packages
  • Ability to work unsupervised on projects and tasks supporting the Market Risk build-out and day to day portfolio management tasks
  • Ability to take ownership of developed code, be able to make decisions on best approach and defend those decisions

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

MassMutual will accept applications on an ongoing basis until such time as a candidate has been offered employment.

Salary Range: $159,800.00-$209,700.00