Financial Engineer

Job description / Role

Job Description

Competencies and Skills

- The Financial Engineer has a strong focus on financial instrument modeling, scenario based analysis, and standard risk methodologies. Experience and comfort with these techniques is important
- Knowledge of the regulatory environment and requirements for banks, insurance and asset management firms (e.g. Solvency II, BASEL, APRA etc.)
- Topics of expertise required include derivative pricing, stochastic calculus, interest rate models, optimization, credit risk models, and regulatory requirements
- Strong and proven investigation and problem solving skills
- Strong presentation and communication skills; the role requires delivering complex presentations to varied audiences ranging from quantitative experts and technology consultants to senior management of financial institutions
- Related financial industry experience working in a collaborative, team-oriented environment and experience in consulting or client services role is a plus
- Practical knowledge of investment markets, financial market conventions, and risk management practices. Previous risk analysis experience highly desirable
- Familiarity and comfort with a technical environment involving Unix, shell and Perl
- Scripting, Java and C++ language development and Oracle database infrastructure
- English: Fluent

Roles and Responsibilities

- Involvement will be required at all stages of project implementations, from definition through to acceptance testing while working within a multi-disciplinary team of integration engineers, project managers and other financial engineers
- Defining client functional requirements. These include reporting, pricing, calibration, optimization, scenario analysis. This includes consulting with clients to understand risk best practices and methodologies and formulate proposals of creative solutions for addressing functional gaps
- As part of deployment, define and build instrument modeling specifications, scenario methodologies, reporting. Liaise with clients to ensure full acceptance of all results via validation exercises as required

Requirements

Required Technical and Professional Expertise

Education

- University degree in the field of Economics, Finance, Mathematics, Statistics or other quantitative discipline
- Advanced degree in Financial Engineering or Mathematical Finance highly desirable.
- CFA, PRMIA or FRM designation(s) beneficial

EO Statement
IBM is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. IBM is also committed to compliance with all fair employment practices regarding citizenship and immigration status.

Preferred Education: Master's Degree Commissionable: No

About the Company

For more than six decades, IBM Middle East & Pakistan has played a vital role in shaping the information technology landscape of the region. Today, IBM is part of the region's technological fabric, solving real-world business and societal challenges, through its offices in UAE, Saudi Arabia, Qatar, Kuwait and Pakistan, and also a diversity of centers across the region.

Within the region, IBM currently has groundbreaking initiatives in cloud computing, analytics, mobile, security, as well as nanotechnology, eGovernment, healthcare and many more, collaborating with leading educational institutes and governments. IBM supports hundreds of clients to drive transformation through technology, contributes to regional research & development programs and has an active Corporate Service Corps (CSC) program.

Reinvention is a keyword in the company's history and, today, IBM is much more than a "hardware, software, services" company. IBM is now emerging as a cognitive solutions and cloud platform company.