clearwateranalytics
Quantitative Developer - Securitized Products
Office - New York
Sponsorship not specified$156k-$211kDetected 8 days ago
PythonProduct ManagementAccountingValuationLoad TestingCommunicationProblem Solving
About the role
- As a Securitized Products Quantitative Developer, you will play a critical role within the Quant team, helping to enhance and expand our structured products coverage across ABS, CLO, MBS, CMBS, and related asset classes.
Responsibilities
- Develop and maintain pricing libraries and analytical models for securitized products including ABS, CLO, MBS, CMBS, and other structured credit instruments
- Build, extend, and maintain frameworks within the platform supporting securitized product lifecycle management, including cash flow generation, prepayment modeling, credit enhancement structures, and tranche-level analytics
- Implement and maintain risk analytics covering interest rate sensitivities (DV01, duration, convexity), spread risk, scenario analysis, and stress testing across structured product portfolios
- Design and develop models for prepayment, default, and loss severity - calibrated to market conventions and client-specific requirements
- Identify and advocate for new models and design patterns necessary for the continuous improvement of an evolving infrastructure to support all clients
- Experience developing production-quality code, preferably in Python, with a strong software engineering foundation
- Defined and undefined career pathways allowing you to grow your own way
Requirements
- 1-3 years of experience in quantitative development with a focus on securitized or structured products
- Strong understanding of structured product mechanics - deal structures, waterfall logic, cash flow prioritization, credit enhancement, and tranche-level risk
- Familiarity with prepayment models (e.g., PSA, CPR) and credit risk frameworks applicable to ABS, MBS, CMBS, and CLO structures
- Strong problem-solving and communication skills. ability to convey technical topics clearly to both technical and non-technical audiences
- Experience in a front office or structured products development role supporting valuation, risk analytics, or portfolio analytics for securitized products
- Familiarity with relevant market data sources (Bloomberg, Intex, Trepp, MSCI, or similar) and structured product reference data
- Experience with interest rate modeling (e.g., Hull-White, short rate models) as it applies to structured product valuation
- Access to cutting-edge investment reporting technology and expertise
Compensation
- $156,400.00 - $210,841.00 This is the pay range the Company believes it will pay for this position at the time of this posting.
- Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living).
- The Company reserves the right to modify this pay range at any time.
- 156,400.00 - 210,841.00 USD Annual
Benefits
- Business casual atmosphere in a flexible working environment
- Competitive medical, dental, vision, and life insurance benefits
- Maternity and paternity leave
- Personal Time Off and Volunteer Time Off to give back to the community
- RSUs as well as employee stock purchase plan and 401K with match
- For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits.
Company info
- What We're Looking For
- What Will Make You Stand Out
Equal opportunity
- Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer.
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