Junior Quantitative Researcher Job at Parallel Consulting, Miami, FL

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  • Parallel Consulting
  • Miami, FL

Job Description

Junior Quantitative Researcher - Mortgage/Credit Products

Background

We're partnering with the Head of Research and Quantitative Modeling at a top investment management firm expanding its mortgage modeling and research group.

Responsibilities

  • Develop and refine mortgage prepayment and default models to enhance predictive accuracy.
  • Conduct in-depth research and data analysis to uncover key drivers of loan performance.
  • Implement advanced modeling techniques to improve efficiency and forecasting.
  • Perform back-testing and performance analysis to optimize model outputs.
  • Communicate complex quantitative insights to portfolio managers and traders.
  • Collaborate with cross-functional teams to integrate research findings into risk and investment strategies.

Requirements

  • Bachelor’s degree in Finance, Economics, Mathematics, or a related quantitative field (high GPA from a top institution).
  • 1–5 years of relevant experience in data-driven research at a buy-side or sell-side firm.
  • Proficiency in Python and SQL.
  • Quantitative skills and knowledge of prepayment models would be valuable.
  • Excellent communication skills with an ability to collaborate with PM/Traders.

Location: Miami

Compensation: $150-200k TC (Base + Bonus)

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