Financial Industry Regulatory Authority, Inc. Principal Quantitative Analyst, Advanced Analytics- New York, NY in New York, New York
Title: Principal Quantitative Analyst, Advanced Analytics- New York, NY Location: null Other Locations: null
We Work to Protect Investors. Join our Team. The Financial Industry Regulatory Authority (FINRA) is seeking a well-qualified individual for our Principal Quantitative Analyst- Advanced Analytics opening in New York, NY . To be considered for this position, please submit your resume through our career site at www.finra.org/careers – no phone calls, please. Job Summary: Leverage data analytics to effectively examine and conduct surveillance of market participants in mainly Broker-Dealer space. ADAU staff will support the examination and surveillance efforts by closely aligning with internal FINRA teams. We will also build tools based on needs identified during our field work and interaction with the rest of FINRA staff. Essential Job Functions:
Serve as the lead quantitative research analyst working with the FINRA staff in building sophisticated models, determining proper empirical methodology, organizing data collection, writing unique programs, preparing written reports, and summarizing the results of analytic studies in formal and informal presentations.
Design and develop more advanced predictive models and risk analytics utilizing data collected by FINRA from its members.
Participate in examinations of broker-dealers, conducting interviews of compliance professionals and quantitative/modeling experts at the firms, designing document requests to elicit information about registrant’s products and strategies and supporting the enforcement staff in investigating and litigating cases arising out of exam referrals in the above areas.
Work with business unit leaders to understand business data requirements and translate them into predicative models.
Conduct research in areas such as the application of financial engineering methodologies and employment of financial theory and applied mathematics, as well as computation and the practice of programming and suggest departmental process improvements where applicable.
Develop state-of-the-art software tools to collect, and analyze large volumes of structured and/or unstructured data.
Analyze large volumes of financial data from different instruments and sources for back-testing and validation of models, algorithms, and strategies.
Develop and present authoritative reports based on the evaluation and interpretation of studies in the assigned area of financial engineering.
Required: Candidate must possess an advanced degree in Engineering, mathematics, statistics, computer science, actuarial science, economics or related technical field. Preferred: Doctorate degree in: financial engineering, computational or mathematical finance, computer science, statistics or related field. Strong background in machine learning, hypothesis testing, regression analysis, statistics, or probability at the graduate school level or higher, as well as experience creating predictive analytics with noisy data. Background in text analytics, news aggregation and natural language processing.
At least 4 years of experience and knowledge in the field of quantitative research and the specialized area of financial engineering, data science, or risk analytics as it relates to the securities industry. Knowledge of predictive model development and oversight.
Knowledge of financial engineering to develop, maintain and/or validate models used for forecasting, valuation, instrument and strategy selection, portfolio construction, and risk management covering a wide range of financial instruments, including equities, fixed income, currencies, futures, commodities, and/or derivatives.
Strong knowledge of advanced statistical methods, Bayesian learning techniques, pattern recognition and outlier detection algorithms, and predictive modeling methods including decision trees and random forest approaches.
Experience in utilizing sophisticated models and products for managing risks in portfolio construction, trade decision, and execution and hedging, including multi-factor models such as BARRA; risk management metrics and methods such as VaR and stress testing models, valuation and pricing, and model sensitivity and risk statistics.
Must be comfortable working and communicating both orally and in writing with a variety of people with varying skill and knowledge levels.
Must be a self-starter and be able to handle multiple tasks independently and under tight deadlines. Work Conditions
Regular office conditions; some travel may be required. The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.
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In addition to a competitive salary, comprehensive health and welfare benefits, and incentive compensation, FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.
Important Information FINRA’s Code of Conduct imposes restrictions on employees’ investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code’s investment and securities account restrictions , and new employees must comply with those investment restrictions—including disposing of any security issued by a company on FINRA’s Prohibited Company List or obtaining a written waiver from their Executive Vice President—by the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.
As standard practice, employees must also execute FINRA’s Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company’s policy on nepotism.
About FINRA FINRA is an independent, non-governmental regulator for all securities firms doing business with the public in the United States. FINRA works to protect investors and maintain market integrity in a public-private partnership with the Securities and Exchange Commission (SEC), while also benefiting from the SEC’s oversight. In its role as investor guardian, FINRA is informed, but not influenced, by the industry that it regulates. FINRA’s independent regulation plays a critical role in America’s financial system–all at no cost to taxpayers.
FINRA touches virtually every aspect of the securities business—from registering and educating industry participants to examining securities firms; writing rules; enforcing those rules and the federal securities laws; informing and educating the investing public; providing trade reporting and other industry utilities; and administering the largest dispute resolution forum for investors and registered firms. FINRA uses technology powerful enough to look across markets and detect potential abuses. Using a variety of data gathering techniques, we work to detect insider trading and any strategies firms or individuals use to gain an unfair advantage.
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Find out more about us and how we work—and view our current openings—at www.finra.org/careers. Search Firm Representatives Please be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.
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