Cross‑Margin Quantitative Model Developer

Randstad Strategic Accounts is looking for a business professional with a knowledge and proficiency working in the banking industry. We have a role that we are looking to fill for a contract position with a top tier bank in the financial industry. If you are interested in becoming part of a team where you can contribute to drive both personal and organizational goals, this may be the right fit for you! For further information on the role, and job responsibilities, please read and apply below!  

salary: $70 - $80 per hour
shift: First
work hours: 8 AM - 5 PM
education: Bachelors

Responsibilities

• Modeling & Quantitative Analysis
• Develop, enhance, and maintain counterparty 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• Improve or replace outdated models using modern stochastic and capital markets modeling techniques.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
• Technical Development
  • 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 SQL expertise.
• Cross‑Functional Collaboration
  • 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.
• Operational Readiness
  • 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.

Skills

• Developer
• Business Analysis
• Quantitative Analysis
• Modeling
• Counterparty Credit Risk

Qualifications

• Years of experience: 5 years
• Experience level: Experienced

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Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

At Randstad, we welcome people of all abilities and want to ensure that our hiring and interview process meets the needs of all applicants. If you require a reasonable accommodation to make your application or interview experience a great one, please contact View email address on randstadusa.com.

Pay offered to a successful candidate will be based on several factors including the candidate's education, work experience, work location, specific job duties, certifications, etc. In addition, Randstad offers a comprehensive benefits package, including: medical, prescription, dental, vision, AD&D, and life insurance offerings, short-term disability, and a 401K plan (all benefits are based on eligibility).

This posting is open for thirty (30) days.