Quantitative Analyst in Chicago, IL at Signature Consultants

Date Posted: 2/12/2020

Job Snapshot

Job Description

Quantitative Analyst Summary;

Signature Consults has an opportunity for a Quantitative Analyst. Our client is seeking a candidate with a minimum of 2 years' experience working in a bank or financial services company. The group is responsible for the implementation of business processes and controls necessary to ensure the compliance of Uncleared Margin Rules (UMR). The current opening is for a contractor in Chicago, who will be responsible for driving strategic UMR initiatives, onboarding of new clients, compliance of new regulations, and enhancement of bank's infrastructure. A successful candidate will be someone who is technically sound and possesses strong understanding of financial markets. There also is an enterprise wide IBOR transition initiative that will replace existing IBOR index and funding curves with the risk free SOFR/ESTER. The key objective of this initiative is to replace discounting and index curves that currently used to valuate bank derivatives and loans due to IBOR decommission. QS is the business owner for several key processes like UMR and Risk Optimization. As part of this initiative QS will be responsible for providing regression and impact test, assessing exposure impacted, assisting hedging execution and driving the overall migration from legacy yield curves to new risk free curves.


  • Team is also responsible for supporting the trade compression and risk rebalancing routines for the Corporate Treasury desk with the establishment of business processes and controls needed to help the reduce capital and funding cost by reduction trade notional as well as Initial Margin.


  • Master's degree and Python scripting experience are must haves.

About Signature Consultants, LLC

Headquartered in Fort Lauderdale, Florida, Signature Consultants was established in 1997 with a singular focus: to provide clients and consultants with superior staffing solutions. For the ninth consecutive year, Signature was voted as one of the "Best Staffing Firms to Work For" and is now the 15th largest IT staffing firm in the United States (source: Staffing Industry Analysts). With 28 locations throughout North America, Signature annually deploys thousands of consultants to support, run, and manage their clients' technology needs. Signature offers IT staffing, consulting, managed solutions, and direct placement services. For more information on the company, please visit www.sigconsult.com. Signature Consultants is the parent company to Hunter Hollis and Madison Gunn.