Quantitative Research and Development Director

Reposted 2 Hours Ago
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Jersey City, NJ, USA
In-Office
Senior level
Financial Services
The Role
The role involves developing quantitative models for fixed income instruments, conducting empirical research, and managing large datasets to generate actionable insights while collaborating across teams.
Summary Generated by Built In
Are you ready to make an impact at DTCC?     

Do you want to work on innovative projects, collaborate with a dynamic and supportive team, and receive investment in your professional development? At DTCC, we are at the forefront of innovation in the financial markets. We are committed to helping our employees grow and succeed. We believe that you have the skills and drive to make a real impact. We foster a thriving internal community and are committed to creating a workplace that looks like the world that we serve.     

The Chief Client Office (CCO) is focused on providing a consistent Client Experience across all business lines and geographies, enabling enhanced Client Satisfaction, Revenue Growth and Business Line Success. The CCO function includes Sales, Partners, Relationship Management, Integration, Marketing & Communications and Sales Analytics & Operations.

Pay and Benefits:

  • Competitive compensation, including base pay and annual incentive
  • Comprehensive health and life insurance and well-being benefits, based on location
  • Pension / Retirement benefits
  • Paid Time Off and Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.
  • DTCC offers a flexible/hybrid model of 3 days onsite and 2 days remote (onsite Tuesdays, Wednesdays and a third day unique to each team or employee).

The Impact you will have in this role:     
The Director, Fixed Income Quantitative Research Analyst is a senior individual contributor and technical leader responsible for the development, validation, and deployment of quantitative models, analytics, and insights across fixed income markets. This role focuses on rates, credit, and structured products, leveraging market, reference, fundamental, and transactional data to generate actionable research for risk management, pricing, valuation, liquidity analysis, and market structure insights.

 

Your Primary Responsibilities:

Quantitative Research & Model Development

  • Design, develop, and maintain quantitative models for fixed income instruments, including government bonds, credit products, and derivatives
  • Conduct empirical research on pricing, valuation, liquidity, volatility, curve dynamics, and market microstructure
  • Develop factor models, relative value frameworks, and risk analytics relevant to fixed income portfolios and market participants

Data & Analytics Engineering

  • Work with large-scale market, reference, and transactional datasets, including yield curves, evaluated pricing, trade data, and reference data
  • Define data requirements, validation rules, and analytical methodologies to ensure robustness and reproducibility of research outputs

Production & Delivery

  • Translate research prototypes into production-ready analytical assets, including models, signals, and benchmarks
  • Partner with technology teams to operationalize models and analytics into platforms used for risk, surveillance, or market transparency

Leadership & Collaboration

  • Act as a subject matter expert in fixed income quantitative analytics, providing guidance to junior researchers and cross-functional partners such as product managers, product owners and engineering
  • Communicate research findings and model behavior clearly to technical and non-technical stakeholders

**NOTE: The Primary Responsibilities of this role are not limited to the details above. **


Qualifications:

  • Advanced degree in Quantitative Finance, Mathematics, Statistics, Economics, Engineering, or related field
  • Typically, 6–8+ years of experience in fixed income quantitative research, analytics, or model development
  • Strong programming skills in Python and SQL; experience with statistical and numerical methods
  • Deep understanding of fixed income markets, instruments, conventions, pricing, and risk metrics
  • (Preferred) Experience with production analytics, model validation, or regulatory-facing quantitative frameworks
  • (Preferred) Familiarity with large-scale data platforms and cloud-based analytical environments

The salary range is indicative for roles at the same level within DTCC across all US locations. Actual salary is determined based on the role, location, individual experience, skills, and other considerations. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
About Us
With over 50 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 20 locations around the world, DTCC, through its subsidiaries, automates, centralizes, and standardizes the processing of financial transactions, mitigating risk, increasing transparency, enhancing performance and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm innovates purposefully, simplifying the complexities of clearing, settlement, asset servicing, transaction processing, trade reporting and data services across asset classes, bringing enhanced resilience and soundness to existing financial markets while advancing the digital asset ecosystem. In 2024, DTCC’s subsidiaries processed securities transactions valued at U.S. $3.7 quadrillion and its depository subsidiary provided custody and asset servicing for securities issues from over 150 countries and territories valued at U.S. $99 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes more than 25 billion messages annually. To learn more, please visit us at www.dtcc.com or connect with us on LinkedIn, X, YouTube, Facebook and Instagram.

DTCC proudly supports Flexible Work Arrangements favoring openness and gives people freedom to do their jobs well, by encouraging diverse opinions and emphasizing teamwork.  When you join our team, you’ll have an opportunity to make meaningful contributions at a company that is recognized as a thought leader in both the financial services and technology industries. A DTCC career is more than a good way to earn a living. It’s the chance to make a difference at a company that’s truly one of a kind.

Learn more about Clearance and Settlement by clicking here.

About the TeamThe Chief Client Office (CCO) is focused on providing a consistent Client Experience across all business lines and geographies, enabling enhanced Client Satisfaction, Revenue Growth and Business Line Success.  The CCO function includes Sales, Partners, Relationship Management, Integration, Marketing & Communications and Sales Analytics & Operations.

Skills Required

  • Advanced degree in Quantitative Finance, Mathematics, Statistics, Economics, Engineering, or related field
  • 6-8+ years of experience in fixed income quantitative research, analytics, or model development
  • Strong programming skills in Python and SQL; experience with statistical and numerical methods
  • Deep understanding of fixed income markets, instruments, conventions, pricing, and risk metrics
  • (Preferred) Experience with production analytics, model validation, or regulatory-facing quantitative frameworks
  • (Preferred) Familiarity with large-scale data platforms and cloud-based analytical environments

The Depository Trust & Clearing Corporation (DTCC) Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about The Depository Trust & Clearing Corporation (DTCC) and has not been reviewed or approved by The Depository Trust & Clearing Corporation (DTCC).

  • Healthcare Strength Medical, dental, and vision coverage are comprehensive and include mental health support, in-network preventive care, and company-supported HSA/FSA options. Company HSA contributions plus life, AD&D, and disability coverage further reinforce depth of protection.
  • Retirement Support A 401(k) with company matching and references to pension-related benefits provide meaningful long-term savings support. Charitable contribution matching and financial-planning resources complement the core retirement offerings.
  • Parental & Family Support Generous parental leave, adoption assistance, childcare benefits, and dependent care FSAs indicate strong support for families. Back-up care and specialized family health programs are highlighted as part of the package.

The Depository Trust & Clearing Corporation (DTCC) Insights

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The Company
HQ: Jersey City, NJ
5,075 Employees
Year Founded: 1973

What We Do

With over 45 years of experience, DTCC is the premier post-trade market infrastructure for the global financial services industry. From 21 locations around the world, DTCC, through its subsidiaries, automates, centralizes and standardizes the processing of financial transactions, mitigating risk, increasing transparency and driving efficiency for thousands of broker/dealers, custodian banks and asset managers. Industry owned and governed, the firm simplifies the complexities of clearing, settlement, asset servicing, data management, data reporting and information services across asset classes, bringing increased security and soundness to financial markets. In 2021, DTCC’s subsidiaries processed securities transactions valued at nearly U.S. $2.4 quadrillion. Its depository provides custody and asset servicing for securities issues from 177 countries and territories valued at U.S. $87.1 trillion. DTCC’s Global Trade Repository service, through locally registered, licensed, or approved trade repositories, processes 16 billion messages annually. To learn more, please visit us at www.dtcc.com.

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