The Opportunity

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 Team

This position will be part of the Quantitative Research and Development (R&D) team within Investment Management. The team has a primary focus and responsibility for researching new ideas and strategies and for developing underlying technologies and analytics across MassMutual’s hedging programs. As part of R&D, you will have numerous opportunities to learn, develop, and apply new skills using the latest technologies within a continuously evolving business and market landscape. Our flat and collaborative environment and inclusive culture will encourage you to contribute ideas and participate in a wide range of initiatives across the department.

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

What to Expect as Part of MassMutual and the Team

Regular meetings with the Portfolio Management stakeholders and R&D team members
Focused one-on-one meetings with your manager
Access to mentorship opportunities
Networking opportunities including access to Asian, Hispanic/Latinx, African American, women, LGBTQ, veteran and disability-focused Business Resource Groups
Access to learning content on Degreed and other informational platforms
Your ethics and integrity will be valued by a company with a strong and stable ethical business with industry leading pay and benefits

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About MassMutual

We’ve been around since 1851. During our history, we’ve helped millions of people find financial freedom, offer financial protection, and plan for the future.

Today, we continue to develop meaningful relationships with our customers by building their trust, being knowledge problem solvers and always prioritizing their needs. MassMutual is guided by a single purpose: We help people secure their future and protect the ones they love. As a company owned by our policyowners, we are defined by mutuality and our vision to put customers first. It’s more than our company structure – it’s our way of life.

MassMutual was recognized as an Ethisphere 2020 World’s Most Ethical Company, a Top Place to Work in 2020 according to The Boston Globe and named among America’s Best Employers for Diversity according to Forbes 2020. MassMutual ranks No. 84 on the Fortune 500 list of largest companies.

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