SENIOR QUANTITATIVE ENGINEER [RETAIL WEALTH] WHAT IS THE OPPORTUNITY? This position is responsible for developing logic-intensive components of the digital wealth management platform. Works on computational libraries, as well as API services that interact with those libraries and other parts of the platform. The core focus for the position will be on implementing software used in portfolio optimization, Monte Carlo simulations, trading algorithms, financial health scores, and probability assessment models used in developing a wealth management platform. WHAT WILL YOU DO?
- Develop software for quantitative and portfolio management using Python
- Design / test / maintain / improve the core trading and research applications being developed
- Develop code to extract data from various sources to support development of the models
- Collaborate with team on best practices
- Conduct research on portfolio optimization, perform back test and implement trading models
WHAT DO YOU NEED TO SUCCEED? Required Qualifications
Master's Degree or equivalent experience5+ years of software development in a quantitative finance area3+ years of professional experience building large scale applications / API's in PythonAdditional Qualifications
Master's degree in Economics, Finance, Mathematics, Computer Science, Statistics or other relevant discipline. PhD preferred7+ years of relevant experience in a quantitative finance areaStrong knowledge of quantitative concepts, including applied statisticsExperience using analytics libraries and frameworks such TensorFlow, Scikit, NumPyFamiliarity with and ability to apply the following concepts to solve data problems; natural language processing, machine learning, conceptual modelling, statistical analysis, predictive modelling and hypothesis testingStrong problem-solving skillsKnowledge of (or interest in) personal finance / economicsExperience with algorithm design or developmentExperience working with RESTful APIsExperience with Python API frameworks like Django, FlaskExperience with containerization is a big plusExperience in financial services preferredExperience developing financial models in behavioral finance or wealth managementWHAT'S IN IT FOR YOU? Compensation Starting base salary : $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and / or commissions.
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including :
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagementGet a more detailed look at our Benefits and Perks.
ABOUT US Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled. #CA-AP #LI-AP