• Address: New York, NY 10008 (map)
• Date Posted: 11/07/09
• Job Type: Full-time

Company Axelon Services Corp
Position Title IT Business Analyst (Level II)
Job Code 2891304
Job Location New York, NY -
Description



IT Business Analyst (Level II)

New York, NY

1 Year


Requirements

Master's or Ph.D from a quantitative discipline, such as Computational/Quantitative Finance (Preferred, but not required), Statistics, Engineering, Operations Research and Applied Sciences;

Good school a plus;

1-2 years experience in high pressure working environment. Ability to multitask;

Excellent Excel skills. Experiences with SQL a plus;

Basic knowledge of Fixed Income finance and option pricing. Knowledge of stochastic finance and credit derivative is a plus;

Good communication skills;

Excellent work ethic


Responsibilities


Risk Engine computes Risk, PL Explain and complex scenarios for BofA ML bond, credit derivatives and their interest rate derivatives hedges. The RE also feeds the general ledger. The numbers produced by this system are used by traders, risk managers and Middle Office personnel on a daily basis. The individual we are seeking will join a team of 4 with the following responsibilities:


Provide business analysis support to traders, risk managers, trading support personnel and PnL analyst; this includes explaining and justifying Risk, P/L Explain and GL numbers.

Work with Front Office, Quant and model validation team, and quantitative developers to support new credit derivative products and model valuation

Write requirements for enhancements to the Risk Engine and its reporting applications.

Drive software development forward on the RE development teams in order to hit delivery dates.

Ensure that the numbers produced by the RE are correct as the RE is enhanced and improved. Coordinate with offshore Quality Assurance team for the validation of RE valuation and various reports.

Assist Middle Office/business teams in system User Acceptance testing planning and execution.

Desired Skills:


Non-Tech Skills:



Start Date: ASAP
Emp. Type: Contract-to-Hire
# of Openings: 1
Location: New York, NY -
Overtime Pay: None
Job Number: 35810796 : JS09-08850
Date Posted: 11/5/2009

Axelon Services Corp

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116 John Street

Suite 1406

New York, NY 10038
Email: Send an email to Axelon.Services.6D3F8.69E57@mail.jobserve.com