ISDA · 19 hours ago
Assistant Director, Quantitative Developer
New York, United States
Full-time
Onsite
Mid, Senior Level
5+ years expISDA is seeking a Quantitative Developer to join their team responsible for the ISDA Standard Initial Margin Model (SIMM®) and related analytics infrastructure. This role combines quantitative expertise with programming skills to deliver efficient solutions for margin calculation and risk analytics.
AssociationFinancial ServicesInsuranceRisk Management
Responsibilities
Develop and maintain quantitative libraries for risk calculations, including risk weights, correlations, and historical volatility ratios
Implement and optimize SIMM® methodology within proprietary and vendor platforms
Collect, validate, and aggregate market and risk data from multiple sources
Develop and maintain backtesting, benchmarking and performance monitoring frameworks to validate SIMM performance against historical P&L vectors
Build and enhance analytics platforms to support SIMM® processes and parameter recalibration
Collaborate with quantitative analysts, risk managers, and technology teams to ensure alignment and efficiency
Work closely with SIMM® team members and ISDA colleagues to enhance the quality and efficiency of SIMM-related processes
Qualification
Required
Strong programming skills in Python (mandatory), with experience in C++, Java, or similar languages
Proficiency in data handling and analysis using Pandas, NumPy, and SQL
Familiarity with cloud-based solutions and version control (Git)
Solid understanding of risk modeling, margin methodologies, and derivatives pricing
Knowledge of regulatory frameworks such as BCBS-IOSCO margin requirements and Standardized approach for regulatory capital (FRTB-SBA)
Master's degree (or equivalent) in Mathematics, Physics, Computer Science, or a related quantitative discipline
At least 5 years of experience in quantitative development within financial services
Demonstrated involvement in initial margin implementation programmes
Preferred
Prior experience in risk management, margin calculation, or derivatives analytics is highly desirable
Prior experience working within a consulting firm, or at a sell-side or buy-side financial institution
Company
ISDA
Since its founding in 1985, the International Swaps and Derivatives Association has worked to make over-the-counter (OTC) derivatives markets safe and efficient.
51-200 employees
H1B Sponsorship
ISDA 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
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Trends of Total Sponsorships
2025 (1)
2024 (1)
2023 (2)
2021 (2)
2020 (2)
Funding
Current Stage
Growth StageLeadership Team
Scott O'Malia
CEO
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