Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks a Quantitative Risk Analyst with a strong background in systematic trading to join the global Risk and Trading Supervision team.

Responsibilities

Analyzing firm portfolios to identify market risks and performance drivers; expanding the current risk infrastructure to facilitate efficient risk management and ensure comprehensive coverage of firm risk exposures
Supporting risk managers and team members on topics such as risk limit usage, firm and portfolio risk exposures, tail risks, and forward-looking risk events
Developing new models (factor models) for risk analysis, performance analysis (P&L explain, performance statistics), enhancement of value-at-risk models and stress calculations on cross-asset products
Ad-hoc analysis on specific trades & advising on risk scaling
Helping design and prototype risk analytics and reports for portfolios of diverse products and strategies
Collaborating closely with the technology team to deploy prototypes to production; continuously enhancing reports and systems areas when necessary
Working with other departments to strengthen data integration, develop reports, and produce collaborative analysis for management

Qualifications

At least 1 to 3 years of work experience in market risk or trading in Equities, Macro, Fixed Income, FX, or Credit
Masters or PhD degree with a strong academic record required. An advanced STEM degree highly preferred
Solid product knowledge & analytical rigor in terms of pricing models, risk sensitivities, and best practices for risk aggregation in a portfolio context
Expertise working with large data sets & databases
Strong Python and SQL skills
Experience with pricing functions packages (i.e., QuantLib)
Knowledge of MSCI/RiskMetrics/Barra is beneficial
Excellent communication skills
The ability to multitask and collaborate with team members to deliver on deadlines in a fast-paced environment

Anticipated annual base salary range $130,000 - 175,000, plus eligible for discretionary bonus

Benefits

Tower’s dual offices and garden roof decks are located in TriBeCa and SoHo, neighborhoods in downtown Manhattan. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the premium the firm places on quality of life. Benefits include:

Competitive salary and performance-based bonuses
401(k) with company matching
5 weeks of paid vacation per year plus 9 paid holidays
Free breakfast, lunch, and snacks on a daily basis
Reimbursement for health and wellness expenses
Free events and workshops
Donation matching program

Tower Research Capital is an equal opportunity employer.