Quant Analyst; PhD

Position: Quant Analyst (PhD Required) (Full-Time)
The role will involve the development and enhancement of capital and loss forecasting models within the bank, with a particular focus onthe achieving compliance with the Basel committee market risk requirements outlined as part of the Fundamental Review of the Trading Book. This is ahigh-profile area and presents a challenging and intellectually stimulating role in a dynamic team that is used to delivering in a timely manner to many different constituents of the bank.

Responsibilities:
As a Quantitative Finance Analyst your main responsibilities will involve:
• Developing and implementing new models or enhance existing models
• Maintaining & developing loss forecasting and capital models
• Seeking out work and enhancing current models/processes
• Producing clear and coherent technical documentation for internal and regulatory purposes

Competencies:

Qualified PhD level in a numerical discipline (e.g. Statistics, Mathematics, Physics or Engineering)
Experience in developing, documenting & maintaining numerical models for purposes of loss forecasting or calculating capital requirements Demonstrates consistent attention to detail

Proven ability to communicate complex technical concepts clearly Essential

Skills:

Technical skills:
Statistics, Probability Theory, EconometricsIT skills:
Prior experience of using both statistical modeling tools (e.g. SAS, R) and development experience in either C++ or Python Documentation:
Ability to clearly document quantitative models and evidence technical modeling choices Data analysis and interpretation.

Experience of interpreting and manipulating large financial data setsA Practical knowledge of credit products including loans, bonds and credit derivatives

Nice to have Practical experience of quantitative model documentation using of LaTex or similar mathematical typesetting packages  Job Type & Location This is a Permanent position based out of Jersey City, NJ.Pay and Benefits The pay range for this position is $90000.00 - $150000.00/yr. Individual compensation offered for this position within this range will depend on many factors, including qualifications, skills, relevant experience, job knowledge, geographic location, internal equity, and other pertinent job-related factors.

Health & Wellness
   Medical, dental, and vision insurance
   Prescription drug coverage
   Telehealth services
   Mental health counseling and support programs
   Health Savings Account (HSA) and Flexible Spending Accounts (FSA), where eligible
   Wellness programs, including incentives and wellness credits for eligible employees
   Retirement & Financial Benefits
   401(k) retirement plan with company matching contributions
   Access to Merrill retirement and investment resources
   Employee stock purchase opportunities and equity programs for eligible populations
   Financial planning resources and education tools
   Paid Time Off
   Vacation time
   Holidays
   Sick time
   Parental leave (maternity, paternity, adoption support)
   Bereavement leave
   Military leave and other leave programs
   Family & Life Benefits
   Life insurance
   Disability insurance (short-term and long-term)
   Fertility, adoption, and family-building assistance
   Backup childcare and eldercare resources (subject to program availability)
   Employee Assistance Program (EAP)
Workplace Type This is a hybrid position in Jersey City,NJ.Final date to receive applications

This position is anticipated to close on Sep 28, 2026.About TEKsystems

We're partners in transformation. We help clients activate ideas and solutions to take advantage of a new world of opportunity. We are a team of 80,000 strong, working with over 6,000 clients, including 80% of the Fortune 500, across North America, Europe and Asia. As an…