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MassMutual · 3 days ago

Quantitative Risk Developer

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

8+ years exp

MassMutual is seeking a highly motivated and collaborative risk professional to join their Credit Risk Management team. The role involves leading quantitative model implementation, development, and analysis to enhance the analytical and reporting capabilities of Enterprise Risk Management.

FinanceFinancial ServicesInsuranceLife InsuranceRetirement

H1B Sponsor Likely

Responsibilities

Implement, develop and enhance ERM’s analytical capabilities related to credit/market risk across a wide range of fixed income asset classes

Building on MassMutual’s current approach, assist in developing and syndicating a comprehensive framework for measuring portfolio credit & market risk, that considers different accounting and capital regimes, including asset and liability impacts, with a particular emphasis on economic capital

Automate and expand the use of Moody’s credit risk tools in place today and build risk- reward framework

Use of Python/ SQL. Also, use of spreadsheets and VBA to prototype and analyze data including data investigation/cleanup

Strengthen ERM’s use and development of tools and analytics to support derivatives counterparty risk, portfolio concentration risk & stress testing capabilities

Mentor junior quantitative analysts

Scope and implement modeling, including building out requirements where not yet fully defined or understood

The right candidate will be agile, accountable and resilient in driving initiatives and the results

Qualification

Quantitative risk modelingPythonSQLObject-oriented programmingData analysisModel developmentAnalytical mindsetMentoringCollaborationCommunication

Required

Bachelors degree in Computer Science, Financial Engineering, Mathematics, Physics, Engineering or similar quantitative discipline

Minimum 8 years of relevant work experience with 5 years in investment (credit/market) quantitative risk analytics OR 5 years of relevant work experience in investment (credit/ market) quantitative risk analytics combined with graduate studies

5+ years of experience with expertise in Python, SQL and development skills in object-oriented programming

5+ years of experience with strong quantitative model development & implementation skills and ability to validate/understand and explain analytical results

5+ years of experience in quantitative risk modeling across a wide range of asset classes

3+ years of experience with ability to engage with operational work in production environment with IT developers/solution architects in maintaining infrastructure

5+ years of experience with quantitative and programming skills in a hands-on setting to deliver new functionality

Preferred

7+ years of relevant work experience in investment (credit/market) quantitative risk analytics is desirable

Advanced degree in Computer Science, Financial Engineering, Mathematics, Physics, Engineering or similar quantitative discipline is preferred

Knowledge and experience working with derivatives and hedging risk management

Experience in using Moody's Analytics credit risk tools is desirable

Experience in CECL compliant portfolio credit models

Experience applying machine learning techniques in the financial industry is desirable

Software development using GitHub and Docker, adhering to enterprise standards and best practices ensuring models are validated and governed

Previous experience working on liability-driven investing projects within an insurance company is desirable

Benefits

Regular meetings with the Quantitative teams within ERM, Investment management & ETX project teams

Focused one-on-one meetings with your manager

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

Company

MassMutual

Glassdoor3.9

MassMutual is a mutual life insurance company that provides investment management and trust services.

Founded in 1851

Springfield, Massachusetts, USA

5001-10000 employees

https://www.massmutual.com/

H1B Sponsorship

MassMutual has a track record of offering H1B sponsorships. Please note that this does not guarantee sponsorship for this specific role. Below presents additional info for your reference. (Data Powered by US Department of Labor)

Distribution of Different Job Fields Receiving Sponsorship

Represents job field similar to this job

Trends of Total Sponsorships

2025 (96)

2024 (94)

2023 (66)

2022 (115)

2021 (121)

2020 (73)