Quantitative Developer
Quantitative Developer
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Job Description
EMPLOYER: Neuberger Berman Group LLC
TITLE: Quantitative Developer
LOCATION: Chicago IL (A telecommuting/hybrid work schedule may be permitted within a commutable distance from the worksite in accordance with company policies.)
DUTIES: Collaborate with portfolio managers quantitative analysts and technologists to develop and improve upon our proprietary trading models and strategies. Develop test and implement quantitative models for trading strategies using advanced statistical techniques and machine learning models. Deploy the models to production and partner with Application Service Delivery group who have accountability for Delivery & Service Management. Build suite of reports for the portfolio managers around the model signals. Collaborate with team of researchers developers and portfolio managers to improve methodology behind models code and infrastructure that support research with focus on alpha generation portfolio construction and implementation. Communicate complex quantitative concepts and their implications to non-technical team members. Continually develop knowledge of statistics quantitative modeling techniques programming and finance in collaboration with other team members.
REQTS: Must have a Bachelors degree or foreign equivalent in Financial Engineering Mathematics Statistics or a related field plus five (5) years of experience in the position offered as a Quantitative Analyst or a related position. Alternatively employer will accept a Masters degree or foreign equivalent in Financial Engineering Mathematics Statistics or a related field plus three (3) years of experience in the position offered as a Quantitative Analyst or a related position. Must have five (5) years (or three 3 years with a Masters) of experience with all of the following: Utilizing SQL C# and Microsoft Excel to automate data processing and enhance quant models; Applying probability statistical methods and algorithm optimization to enhance financial strategies implementation; Creating asset allocation and performance reports and visualizing results for portfolio managers; Performing data extraction transformation and loading processes to maintain data integrity and accuracy; Creating customized web APIs for portfolio managers to support data access and analysis; Analyzing and utilizing financial instruments including derivatives and fixed income securities to manage volatility and hedge against tail risks; and Collaborating with research team and trading teams to productionize derivative pricing servers.
HOURS: Full-Time; Mon-Fri (40 hrs/week)
SALARY: $138500 - $138500 per year
TO APPLY: Applicants should click Apply here or email resume to Neuberger Berman Recruiting team at and reference Job #Rin the subject line. EOE/M/F/D/V.
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Compensation Details
The salary range for this role is $138500-$138500. This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. This range is only applicable for jobs to be performed in the job posting location. An employees pay position within the salary range will be based on several factors including but limited to relevant education qualifications certifications experience skills seniority geographic location business sector performance shift travel requirements sales or revenue-based metrics market benchmarking data any collective bargaining agreements and business or organizational needs. This job is also eligible for a discretionary bonus which along with base salary and retirement contributions is part of our total comprehensive package. We offer a comprehensive package of benefits including paid time off medical/dental/vision insurance 401(k) life insurance and other benefits to eligible employees.Note: No amount of pay is considered to be wages or compensation until such amount is earned vested and determinable. The amount and availability of any bonus commission production or any other form of compensation that are allocable to a particular employee remains in the Companys sole discretion unless and until paid and may be modified at the Companys sole discretion consistent with the law.
Neuberger Berman is an equal opportunity employer. The Firm and its affiliates do not discriminate in employment because of race creed national origin religion age color sex marital status sexual orientation gender identity disability citizenship status or protected veteran status or any other characteristic protected by local state or federal laws rules or regulations. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process please contact .
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Employment Type
Full-Time
