Associate Director - Fixed Income Bond Research

Locations : New York, NY, Boston, MA and Chicago, IL

Working Environment : Hybrid

FactSet is a financial data and software company headquartered in Norwalk, CT with offices in 48 locations worldwide. As a global provider of financial information and analytics, FactSet helps the world's best investment professionals outperform.

More than 170,000 users across 7000+ clients stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet's desktop analytics, mobile applications, and comprehensive data feeds.

As of August 2023, annual subscription value reached $2.2 billion.

Our fixed income research and development team consist of self-motivated, articulate and highly-skilled professionals. A unique blend of people with highly quantitative skillsets.

We are looking for a smart and highly motivated Associate Director (AD) to join us.

They will be responsible for

Leading a team of fixed income researchers who research and develop advanced quantitative models and concepts to build world class fixed income (bond) analytics for use predominantly in the Fixed Income Portfolio Analysis (FIPA) product - and elsewhere in the FactSet ecosystem.

Collaboration with other ADs in fixed income research (Derivatives, Risk, Structured Products), as well as global teams of quantitative developers, software engineers and product developers to better understand business requirements and deliver analytics to the clients.

Set the roadmap for fixed income bond analytics, taking into consideration client requests, product deficiencies and research that could help FactSet leapfrog our competitors.

Assist the team in the design of the solution using tools such as python, C++, Excel, Julia, etc., depending on the use case.

Assess the current implementation tools and processes and determine methods to optimize and streamline, with the goal of producing a more efficient model research process and ultimately a faster time to market.

Ownership of the various methods used to determine the price or spread of a bond, including trinomial tree, Monte Carlo, partial differential equations, etc.

Understanding stochastic interest rate models, such as the Hull-White model, market models, HJM models, and which are applicable to the various bond types.

Research models for all types of bonds (bankloans, municipal bonds, corporate bonds, high yield bonds, perpetual preferred equity, convertible bonds, contingent convertible bonds) and implement the industry standard.

When the industry standard is lacking, then develop new models that satisfy the FactSet workflows. Publish journal articles, whitepapers and product documentation illustrating the results from the research.

Job Requirements

10+ years working in fixed income.

Knowledge of FI markets and principles of quantitative modeling in finance

Strong knowledge of the fixed income analytics competitive environment

PhD or master's degree in financial engineering, S cience, T echnology, E ngineering or M athematics

Strong knowledge of stochastic calculus, probability theory, linear algebra, and numerical methods

Good programming skills, preferably using the languages Python, C++, or Java; knowledge of object-oriented paradigm is preferable.

Analytical thinking and problem solving

Natural curiosity and creativity

Strong verbal communication skills and works well in a team environment.

Agile, action-oriented, quick thinker : you can deliver preliminary results fast by making simplifying assumptions and take time to dive deeper if our business priorities allow and if the problem demands more scientific rigor.

Any of the following will be considered an advantage

Experience in the space of derivative modeling

Experience with modern portfolio theory

Algorithms development, optimizing and profiling code

Knowledge in SQL, preferably on MSSQL Server

Must be legally authorized to work in the United States without the need for employer sponsorship, now or at any time in the future .

The budgeted amount range for this position in New York City is $184,000 - $245,000

We offer

A friendly business casual atmosphere in a workplace that consists of diverse talents and working environment driven by challenges, recognition, and rewards.

Nice office location, competitive compensation package, flexible working hours, option for working remotely are also included.

What's In It For You :

Flexible work accommodations. Choose to work remotely, in person, or in a hybrid set-up

The opportunity to join a growing firm with a proven track record of success for over 40 years, made up of thoughtful, innovative minds that value collaboration and welcome your new ideas to the table

Mentorship and growth opportunities from senior employees

Career progression planning and a focus on career development, complete with dedicated time each month for conference attendance, online learning seminars, and networking

A robust social community dedicated to volunteerism, intramural sports, and team-building events

Business resource groups that align with our DE&I strategy , designed to cultivate an inclusive environment for all

Learn more about our benefits here .

Returning from a break?

We are here to support you! If you have taken time out of the workforce and are looking to return, we encourage you to apply and chat with our recruiters about our available support to help you relaunch your career.

At FactSet, we celebrate diversity of thought, experience, and perspective. We are committed to disrupting bias and a transparent hiring process.

All qualified applicants will be considered for employment regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status.

FactSet participates in E-Verify.

FactSet is an Equal Opportunity Employer - M / F / Veteran / Disability / Sexual Orientation / Gender Identity

At FactSet, we celebrate diversity of thought, experience, and perspective. We are committed to disrupting bias and a transparent hiring process.

All qualified applicants will be considered for employment regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status.

FactSet participates in E-Verify

FactSet is an Equal Opportunity Employer - M / F / Veteran / Disability / Sexual Orientation / Gender Identity

VEVRAA Federal ContractorRequest Priority Protected Veteran & Disabled Referrals for all of our locations within the stateThe EEO is the Law poster is available here .

FactSet Research Systems Inc. endeavors to make our website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact Jennifer Passeck, Lead Recruiting Specialist, Human Resources at +1 (203) 810-2472 or recruiting@factset.

com.Equal Opportunity Employment PolicyIt is the policy of FactSet Research Systems Inc. ("FactSet") to provide equal employment and advancement opportunities to all qualified employees and applicants for employment regardless of their race, color, religion, sex, age, sexual orientation, gender identity or expression, national origin, physical or mental disability, genetic information, protected veteran status, pregnancy, military or military reserve obligations, or any other class or status protected by law.

This policy applies to all policies and procedures related to recruitment, hiring, training, promotion, compensation, benefits, transfer, discharge, and other terms and conditions of employment.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability or protected veteran status.

If you have questions concerning this policy, please contact the Human Resources department at +1 (203) 810-1000.PDN-9c7e5eca-647d-4df4-8be0-9b97184b9f7f