Quantitative Analytics Research Group - Associate ...

The McGraw-Hill Companies is one of the worlds leading providers of information services and publishers of educational, business and professional informationStandard & Poors, a subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the worlds foremost provider of independent credit ratings, indices, risk evaluation, investment research and data.  With offices in 23 countries and markets, Standard & Poors is an essential part of the worlds financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions.  For more information, please visit www.standardandpoors.com.
 
Standard & Poors Risk Solutions develops and markets credit risk management solutions that enable our clients to make better, and more informed credit decisions. As part of our suite of solutions, we offer quantitative risk models that calculate probability of default and loss given default for non-retail credit exposures. The Standard & Poors Quantitative Analytics Research Group supports the development and analytical support of the quantitative model solutions offered by Risk Solutions. Within this group we are offering the following opportunity:

 
This business is actively seeking an Associate Director/ Director to support existing and help to develop new quantitative analytical models that are offered to the market by Risk Solutions.  This individual will be responsible for hands on support and maintenance of existing models, and for the development of new quantitative models as prioritized by the Risk Solutions management. The individual will work closely with the Risk Solutions quantitative models product management team to prioritize and coordinate activities. The responsibilities of this position include the following:
         Development and retraining of new and existing quantitative models using appropriate methodologies
         Working with the product management team to respond to client inquiries when appropriate
         Participating in discussions with prospective clients when necessary
         Coordinating across the S&P Quantitative Analytics Research Group to ensure the latest analytic developments are communicated to Risk Solutions management
         Coordinating across the S&P Quantitative Analytics Research Group to ensure model development and enhancement efforts are performed within the standards and expectations of the group and Standard & Poors
 
Selected individual will be expected to implement models in MATLAB or C++, and within an agreed upon timeframe, will be responsible for producing deliverables that have verifiable output and will perform due diligence checks. This position requires regular interaction with internal and external clients to explain results or analytical approaches behind each model. It also requires communicating complex concepts to a wide audience to maximize efficiencies.
 
We are an equal opportunity employer

• Advanced degree in Financial Engineering or Quantitative Finance, a Ph.D in either discipline or another quantitative discipline, such as mathematics, physics, or engineering is highly desirable
• 2 to 5 years of financial modeling experience, with strong preference for credit modeling experience
• Advanced quantitative skills
• In-depth knowledge of financial instruments
• Excellent programming skills, ideally in MATLAB
• Knowledge of SQL and experience in databases such as Oracle, Sybase, or Access would be beneficial
• Excellent writing skills (a writing sample will be requested)
• Excellent communication and interpersonal skills
• Must be a self-starter, able to work independently, able to overcome obstacles, and think creatively
• Experience in single obligor credit modeling is highly desired