Cross‑Margin Quantitative Model Developer

Job Title: Cross-Margin Quantitative Model Developer – Hiring FAST!
Industry: Finance
Location: Charlotte, NC
Pay Rate: $80-101HR on W2 Only –
NO C2C
Setting: Hybrid Required (Remote is NOT an Option)
Duration: 12+ months
Job : 247878

• Python (expert level) – ability to build, structure, and maintain quant libraries.
• Experience using AI-assisted coding tools (Copilot or similar).
• SQL expertise – ability to query and manipulate large datasets.
• Strong numerical skills and experience with stochastic modeling and capital markets models.
• Ability to derive mathematical formulas and implement them programmatically.
• Strong understanding of cross‑margining concepts in prime brokerage or derivatives clearing.
• Ability to identify and correct model gaps, inconsistencies, or legacy issues.
• Solid foundation in probability, statistics, and stochastic processes.

• Experience in prime brokerage or margin methodology design.
• Prior work with counter party credit exposure models (e.g., PFE, EE, EAD).
• Familiarity with equities, commodities, energy, and structured derivative products.

• Develop, enhance, and maintain counter party credit risk models related to cross‑margin methodologies.
• Derive analytical formulas, validate assumptions, and identify gaps in existing implementations.
• Improve or replace outdated models using modern stochastic and capital markets modeling techniques.
• Support modeling across a range of complex financial products, including:
  • Equity swaps
  • Metals
  • Energy derivatives
  • Convertible bonds
• Lead the build‑out and integration of Python-based quantitative libraries to support model development and validation activities.
• Produce robust prototype models and partner with technology teams to transition them into production.
• Utilize generative AI development tools (e.g., Copilot) to increase coding efficiency and automation.
• Collaborate on database queries using strong SQL expertise.
• Communicate clearly with model owners, business partners, technology teams, auditors, and project managers.
• Help translate business requirements into quant/model specifications and documentation.
• Provide coaching and technical guidance to junior team members on both modeling and cross‑margin concepts.
• Respond quickly to urgent model requests driven by high-impact cross‑margin exposures in the CIB business.
• Ensure timely delivery of model enhancements, documentation, and validations.