Sr. Quantitative Model Developer - Economic Forecasting, SVP

$176,720 - $265,080/Yr

Hitec - New York, NY

Full-time - Senior

New York, NY

Merchant Wholesalers, Durable Goods

About the position

The Sr. Quantitative Model Developer is a strategic professional responsible for developing advanced economic models and conducting analytical research to support macroeconomic forecasting. This role requires a strong background in quantitative model development, excellent communication skills, and the ability to mentor junior developers. The position focuses on producing macroeconomic scenario forecasts and identifying modeling opportunities that yield measurable business results.

Responsibilities

• Lead model development efforts to build best-in-class models for a variety of macroeconomic concepts, such as GDP, unemployment, HPI, exchange rates, interest rates, credit spreads, etc.
• Conduct rigorous analytical research to identify causal drivers and to support methodological approaches.
• Serve as an expert resource with respect to econometrics and statistical testing.
• Provide guidance to junior model developers.
• Produce macroeconomic scenario forecasts for macroeconomic variables in firmwide regulatory related processes, such as CECL, CCAR and IFRS 9.
• Utilize Python to build and test statistical models. Write clean, efficient, and well-documented code.
• Communicate results to diverse audiences.
• Participate on teams to solve business problems.
• Identify modeling opportunities that yield measurable business results.

Requirements

• 4+ years of post-PhD work experience, or 5+ years of post-Masters work experience.
• Strong understanding of quantitative model development approaches, preferably obtained through model development experience at a peer financial institution.
• Experience as a lead model developer, including mentoring and guiding junior developers.
• Very strong knowledge of econometrics, with some knowledge of time series econometrics.
• Practical experience writing programs to build and test predictive models.
• Proficient in Python.
• Solid understanding of economic concepts.
• Consistently demonstrates clear and concise written and verbal communication skills.
• Self-motivated and detail oriented.
• Demonstrated project management and organizational skills and capability to handle multiple projects at one time.

Nice-to-haves

• Understanding of machine learning approaches like XGBoost.

Benefits

• Medical, dental & vision coverage
• 401(k)
• Life, accident, and disability insurance
• Wellness programs
• Paid time off packages including vacation, sick leave, and paid holidays