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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. Details below.

Lead Quant Credit Strategist

New York, New York

Investment Management
Job IDR14821

The Opportunity
As a quant strategist, you’ll be responsible for providing quantamental insights on MassMutual’s commercial real estate loan book, leveraging both third party tools and proprietary models. The role overtime will grow to even greater responsibility in shaping MassMutual’s investment allocation and strategy.

The Team
The immediate team is composed of quantitative developers and strategists with proclivity for solving both technical and business problems. The team is part of the larger R&D group within Investment Management overseeing the General Investment Account. The team is very hands-on and proactive about engaging new ideas and challenges.

The Impact

  • Provide analytic and investment insights on MassMutual’s commercial mortgage loan (CML) book in addition to other illiquid and private assets
  • Drive value-add, thought leadership in quant credit and high impact projects to enhance and protect net investment income
  • Work closely with our Commercial Real Estate Investment Team and other stakeholders in managing MassMutual’s CML book
  • Develop and productionize statistical models for risk assessment and asset performance forecasting
  • Introduce quantitative overlay for underwriting loans and mortgages
  • Curate and leverage alternative data to provide investment insights and impute missing/stale data
  • Support workouts as needed
  • Create ad hoc financial statement models for valuation and pricing
  • Provide climate risk assessment for CML
  • Lead CECL CML calculations

The Minimum Qualifications

  • 10+ years working in financial services as quant strategist
  • Holds a bachelor’s in a technical field
  • Advanced capability in developing and applying statistical and economic models especially with imbalanced data
  • Excellent communication skills explaining complicated quantitative concepts to nontechnical stakeholders and influencing portfolio managers
  • Experience in providing requirements to developers and managing project from development to production
  • Python scripting proficiency
  • Knowledge of Capital Markets

The Ideal Qualifications

  • Holds a master’s degree in financial engineering, statistics, machine learning, econometrics or similar disciplines
  • Relevant certifications: CQF, CFA (Chartered Financial Analyst), CAA (Chartered Asset Allocator), ARPM, FRM (Financial Risk Manager), PRM, or CAIA (Chartered Alternative Investment Analyst)
  • Experience in quant credit ideally in illiquid and private assets
  • Understanding of macroeconomic impacts on real estate
  • Knowledge of Python’s analytic and statistical modeling package ecosystem

#LI-IZ1

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