Investment Quantitative Developer, Quantitative Credit

Quantitative Research and Development (R&D)

Full-Time, Boston MA or NY, NY (Hybrid)

• We are hiring for either our Boston, MA or NY, NY office locations in a Hybrid setting where you will be onsite 2 days per week.

The Opportunity

As a Quantitative Developer, the ideal candidate will have an understanding of option greeks and a wide range of assets including equity and interest rate derivatives. The candidate will work closely with portfolio managers and strategists to research, develop, and evaluate hedging ideas to improve the performance of Variable Annuity hedging program. This role will require a significant amount of programming in Python and SQL.

In addition, you will work with the R&D engineering team to extend and further build out the capabilities of the larger ALM platform. The effort entails updating and migrating the models and analytics to a cloud-based platform in order to maximize efficiency, scale, and performance. To achieve these goals, we are seeking qualified candidates with strong programming skills and trading desk operations experience to join our Quantitative Research and Development (R&D) team.

The Team

Within R&D, you will have numerous opportunities to learn, develop, and apply new skills and technologies as result of our continually evolving business and market environments. Our relatively flat and collaborative structure within Investment Management will encourage and provide you with direct access to our senior leadership team.

The Impact

Responsibilities

• Develop new tools, analytics, and capabilities

• Provide and ensure operations coverage and business continuity at all times in support of the Annuities, Macro Equity, and Foreign Exchange hedging programs

• Modify and enhance production processes to improve performance while minimize operational downtime

• Liaise and collaborate with stakeholders to provide reporting and analytics

• Collaborate with colleagues in other areas of MassMutual to audit and validate models, controls, and processes

• Troubleshoot and patch application and platform issues

• Provide research and development support as-needed

The Minimum Qualifications

• Bachelors degree

• 4+ years of relevant work experience, or advanced/graduate degree with strong internships

• Programming proficiency in Python, SQL, and VBA

• Strong understanding of currency, equity, and interest rate derivatives and their use in asset liability management

• Familiarity with annuity products

• Moderate understanding of life insurance products

The Ideal Qualifications

• Advanced degree preferably in Math, Statistics, Computer Science, Quantitative Finance, or Engineering

• Experience in a trading desk operations setting in Investment Department

• CFA/FSA/FRM

• Strong communications skills

What to Expect as Part of MassMutual and the Team

• Regular meetings with the Quantitative Credit Team
• Focused one-on-one meetings with your manager
• Access to mentorship opportunities
• 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

#LI-CR37

MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.

If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

Offers of employment are contingent on the completion of satisfactory references, background investigation, and (if applicable) any federal securities law requirements/FINRA regulations (including fingerprinting) and/or passing of a drug screening.