Financial Engineer

Job ID SWG-0615842 Job type Full-time Complementary Work country Canada Position type Professional Work city Toronto Posted 29-Oct-2013 Travel No travel Job area Software Development Business group IBM Software Group Job category Software Development & Support Business unit RiskAnalytics Job role Software Developer Job role skillset General Commissionable/Sales-Incentive jobs only No

Job description

12 months supplemental position reporting to the Manager of Validation in the Risk Analytics division of Business Analytics, you will be participating in exciting financial engineering activities relating to quantitative analysis of Financial Risk Management models. You will be involved in verifying our model implementation using independent applications tools (such as using Visual Basic, Matlab, C, C++, etc.) and knowledge of financial products to guarantee FE specs are correctly implemented and to assure the model accuracy. You will create technical document and validation benchmark for model verification and regression testing. You will work together with FE team, Model team, Documentation team and Research team to solve many challenging problems in the areas of Financial Risk Management. Your success will be measured by your ability to become a leader in this process, to effectively combine your creative approach with discipline required to assure the quality of model’s development and to effectively communicate with other members of the team. Responsibilities • Provide supports to Financial Engineering team, Models team and Documentation team to validate the financial risk analysis system requirements • Prepare detailed validation plans and create sample test cases to confirm proof of the model development • Cordinate with Financial Engineers and field offices to ensure test case baselines cover production requirements • Document model validation details • Investigate and identify implementation issues resulting from new enhancements Qulifications Education: Advanced degree in Financial Engineering, Risk Management, Mathematical Finance, Financial Economics, Statistics or equivalent Participation in or completion of CFA or FRM program or equivalent would be beneficial Competencies and Skills: • Knowledge of Financial Instruments and Modeling Theory, Financial Risk Management, Mathematics, Probability Theory, Statistics, Optimization • Knowledge of Basel Accord • Strong Oral and Written Communication Skills • Hands-on programming experience as validation/quantities analysis tools (Matlab or VBA or C or C++) • Strong analysis and problem-solving skills; ability to formalize and abstract problems • Creativity together with discipline, ability to work independently and as a part of a team • Enthusiasm for learning • Detail oriented • Team oriented • Positive Attitude • Ability to work under pressure and meet deadlines Work Experience: • 1-3 years of experience in the financial services industry covering risk management or related areas • Experience working in Algorithmics would be bonus

Required Bachelor's Degree At least 3 years experience in Knowledge of Financial Modeling Theory At least 2 years experience in Knowledge of Basel Accord At least 3 years experience in C++ programming (MatLab, VBA or C or C++) Certified in CRA or FRM English: Fluent

Preferred Master's Degree

IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.