Quantitative Developer - Securitized Products
TLDR
Develop pricing libraries and risk models for securitized products, expanding coverage across ABS, CLO, MBS, CMBS.
Quantitative Developer - Securitized Products
Clearwater Analytics | Location : NY
About Clearwater Analytics
Clearwater Analytics is the leading SaaS platform for investment accounting, risk, and performance. We serve some of the world's largest insurance companies, hedge funds, asset managers, and institutional investors. We deliver decision-ready risk analytics that bring clarity and insight to multi-asset portfolios-highlighting exposures, sensitivities, scenarios, and performance drivers.
The Role
As a Securitized Products Quantitative Developer, you will play a critical role within the Quant team, helping to enhance and expand our structured products coverage across ABS, CLO, MBS, CMBS, and related asset classes. You will work closely with cross-functional teams of developers and interact directly with clients to deliver solutions focused on valuation accuracy, risk analytics, and cash flow modeling. Your contributions will drive the continuous improvement of our platform's structured products capabilities - from model development through production deployment.
What You'll Do
Develop and maintain pricing libraries and analytical models for securitized products including ABS, CLO, MBS, CMBS, and other structured credit instruments
Build, extend, and maintain frameworks within the platform supporting securitized product lifecycle management, including cash flow generation, prepayment modeling, credit enhancement structures, and tranche-level analytics
Implement and maintain risk analytics covering interest rate sensitivities (DV01, duration, convexity), spread risk, scenario analysis, and stress testing across structured product portfolios
Design and develop models for prepayment, default, and loss severity - calibrated to market conventions and client-specific requirements
Identify and advocate for new models and design patterns necessary for the continuous improvement of an evolving infrastructure to support all clients
Produce high-quality documentation targeting both technical and non-technical audiences, supporting and expanding engineering solutions
What We're Looking For
1–3 years of experience in quantitative development with a focus on securitized or structured products
Strong understanding of structured product mechanics - deal structures, waterfall logic, cash flow prioritization, credit enhancement, and tranche-level risk
Familiarity with prepayment models (e.g., PSA, CPR) and credit risk frameworks applicable to ABS, MBS, CMBS, and CLO structures
Experience developing production-quality code, preferably in Python, with a strong software engineering foundation
Strong problem-solving and communication skills - ability to convey technical topics clearly to both technical and non-technical audiences
What Will Make You Stand Out
Experience in a front office or structured products development role supporting valuation, risk analytics, or portfolio analytics for securitized products
Hands-on experience building or maintaining pricing and risk systems in a production environment
Familiarity with relevant market data sources (Bloomberg, Intex, Trepp, MSCI, or similar) and structured product reference data
Experience with interest rate modeling (e.g., Hull-White, short rate models) as it applies to structured product valuation
Prior experience working directly with clients to customize platforms, integrate models, or develop technical solutions
What We Offer
Business casual atmosphere in a flexible working environment
Team-focused culture that promotes innovation and ownership
Access to cutting-edge investment reporting technology and expertise
Defined and undefined career pathways allowing you to grow your own way
Competitive medical, dental, vision, and life insurance benefits
Maternity and paternity leave
Personal Time Off and Volunteer Time Off to give back to the community
RSUs as well as employee stock purchase plan and 401K with match
Work from anywhere 3 weeks out of the year
Work from home Fridays
Salary Range
156,400.00 - 210,841.00 USD Annual
This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits. Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.
Salary Range
$156,400.00 - $210,841.00This is the pay range the Company believes it will pay for this position at the time of this posting. Consistent with applicable law, compensation will be determined based on relevant experience, other job-related qualifications/skills, and geographic location (to account for comparative cost of living). The Company reserves the right to modify this pay range at any time. For this role, benefits include: health/vision/dental insurance, 401(k), PTO, parental leave, and medical leave, STD/LTD insurance benefits. Clearwater Analytics is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.
Benefits
Equity Compensation
RSUs as well as employee stock purchase plan and 401K with match
Health Insurance
Competitive medical, dental, vision, and life insurance benefits
Paid Time Off
Personal Time Off and Volunteer Time Off to give back to the community
Remote-Friendly
Work from home Fridays
Clearwater Analytics offers a robust investment management platform that automates data aggregation, reconciliation, accounting, and reporting for investment professionals. Our cloud-native software empowers diverse organizations—from insurers to governments—to optimize their investment portfolios with timely, validated data and comprehensive analytics. With a firm footing in global markets and a focus on client-centric service, Clearwater is a trusted partner for thousands of clients managing trillions in assets.