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Quantitative Risk Analyst

Tower Research Capital
Quantitative Risk Analyst
New York, US
130,000 - 175,000
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Job Description

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.


  • 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


  • 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


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.

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