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New York, NY

Quantitative Risk Developer (Hybrid)

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Quantitative Risk Developer

Capital & Investment Risk Management Team


New York, NY or Boston, MA (Hybrid)

The Opportunity

As a Quantitative Risk Developer within the Capital & Investment Risk Management team you will be involved with quantitative model implementation, development, and analysis. The ideal candidate will join a quant team to enhance ERM’s analytical and reporting capabilities, by expanding the use of existing models as well as designing and developing new tools and risk frameworks.

You will work with capital, credit, market and portfolio risk teams, and ERM more broadly. This is an excellent opportunity to collaborate with the portfolio managers, asset managers, traders and analysts for the general account (through the CIO’s organization) and MassMutual’s asset management subsidiaries; and enterprise technology (including data science) teams. 

The Team

The Capital & Investment Risk Management team is responsible for the identification, measurement and analysis of MassMutual’s portfolio, credit and capital risks. The team recommends risk management strategies and equips senior leadership with information they need to take advantage of opportunities and mitigate risks. Members of the team bring expertise and experience across a range of risk measurement and management disciplines, focused continuous improvement and development and business acumen.

The Impact

  • Implement, develop and enhance ERM’s analytical capabilities related to credit/market risk across a wide range of fixed income asset classes.
  • Building on MassMutual’s current approach, assist in developing and syndicating a comprehensive framework for measuring portfolio credit & market risk, that considers different accounting and capital regimes, including asset and liability impacts, with a particular emphasis on economic capital
  • Automate and expand the use of Moody’s credit risk tools in place today and build risk- reward optimization
  • Use of Python/ SQL. Also use of spreadsheets and VBA to do prototyping and analyze data
  • Strengthen ERM’s use and development of tools and analytics to support derivatives counterparty risk & portfolio concentration risk
  • Mentor junior quantitative analysts
  • Expand use of economic scenario generators to support market, credit and capital risk analysis, and stress and scenario testing.
  • You will scope and implement modeling, including building out requirements where not yet fully defined or understood. You will be agile, accountable and resilient in driving results

The Minimum Qualifications

  • Minimum 5+ years of relevant work experience in investment (credit/market) quantitative risk analytics
  • Moderate to high level skills in Python and SQL and development skills
  • Strong quantitative model development & implementation skills and ability to validate analytical results
  • Experience in quantitative risk modeling across a wide range of asset classes
  • Advanced degree in a quantitative discipline
  • Desire to use your quantitative and programming skills in a hands-on setting to deliver new functionality

The Ideal Qualifications

  • 7+ years of Quantitative work experience is desirable
  • Master’s degree or PhD in Computer Science, Financial Engineering, Mathematics, Physics, engineering or similar quantitative discipline is preferred
  • Knowledge and experience working with derivatives and hedging risk management
  • Experience in using Moody’s Analytics credit risk tools is desirable
  • Previous experience working on liability driven investing projects within an insurance company is desirable
  • Experience applying machine learning techniques in the financial industry is desirable

What to Expect as Part of MassMutual and the Team

  • Regular meetings with the Quantitative teams within ERM, Investment management & ETX project teams
  • Focused one-on-one meetings with your manager
  • Access to mentorship opportunities
  • Networking opportunities including access to Asian, Hispanic/ Latinx, African American, women, LGBTQ, Veteran and disability-focused Business Resource Groups
  • Access to learning content on Degreed and other informational platforms
  • Your ethics and integrity will be valued by a company with a string and stable ethical business with industry leading pay and benefits


MassMutual is an Equal Employment Opportunity employer Minority/Female/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply. Note: Veterans are welcome to apply, regardless of their discharge status.
If you need an accommodation to complete the application process, please contact us and share the specifics of the assistance you need.

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What are MassMutual Perks + Benefits

MassMutual Benefits Overview

At MassMutual, employees have the opportunity to earn a competitive salary and bonus, enroll in an
array of benefits, and participate in programs and services that support healthy lifestyles, assist them
in building financial security for themselves and their families and help them live well-balanced lives.

Volunteer in local community
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift, Matching Time and Volunteer Time Off Programs.
Partners with nonprofits
Every year, MassMutual and the MassMutual Foundation invest more than $20 million focused on advancing economic opportunity.
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Employees can either attend the in-person all-hands meeting, watch live via Zoom, or watch the recording. All employees are invited to submit questions.
Employee awards
Flexible work schedule
Flexible work arrangements, including telecommuting, are available in many departments across the company.
Remote work program
In addition to two remote days per week, MassMutual offers employees four full remote weeks of their choice per year.
Documented equal pay policy
Dedicated diversity and inclusion staff
Highly diverse management team
More than half of our Board of Directors are comprised of women and people of color, making it one of the most diverse groups in the industry.
Mandated unconscious bias training
Diversity manifesto
Diversity employee resource groups
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
A health care flexible spending account (FSA) allows employees to save money on a before-tax basis for eligible medical, dental and vision expenses, subject to IRS limits.
Disability insurance
For details on short term and long term disability insurance please visit
Dental insurance
Basic Dental covers preventive and basic restorative care; Major Dental covers all that Basic covers, plus restorations and orthodontia (limits apply).
Vision insurance
Health insurance
To learn more about our Health and Welfare Benefits please visit:
Life insurance
For more information about our Life Insurance Benefits please visit:
Pet insurance
Wellness programs
Team workouts
Mental health benefits
Transgender health care benefits
Wellness days
Abortion travel benefits
Our general medical travel benefit covers abortion-related travel.
Financial & Retirement
In addition to our 401(k), MassMutual a cash balance plan that provides an account-based pension benefit based on accruals of pay credits and interest credits.
401(K) matching
Performance bonus
Charitable contribution matching
Every action supporting a common cause is meaningful, and our employees make a difference in their own communities through our Matching Gift and Matching Time Programs.
Pay transparency
Child Care & Parental Leave Benefits
Childcare benefits
Dependent care flexible spending account to allow you to set aside before tax dollars to pay for certain eligible child care expenses.
Generous parental leave
Leave for birth mothers of 18 weeks of fully paid leave. Non-birth mothers, fathers and adoptive parents eight weeks of fully paid parental leave.
Family medical leave
Caregiver leave: Up to two weeks paid leave to care for a loved one. Bereavement Leave: 15 days of paid time off to grieve the loss of a loved one with the employee defining who the loved one is.
Adoption Assistance
Company sponsored family events
MassMutual offers many opportunities for family events, from group volunteer experiences and chances to attend Red Sox games to business resource group-sponsored outings like annual pride parades.
Fertility benefits
Vacation & Time Off Benefits
Generous PTO
Paid holidays: 9 fixed and 1 floating. Vacation: starts at 19 vacation and personal days per calendar year, with increases at 5-year service intervals.
Paid volunteer time
Three days of paid time off is available to employees annually to give back to their communities, by sharing their time and talent with a cause close to their heart.
Paid holidays
Paid sick days
Occasional illness: up to 5 days per calendar year.
Flexible time off
Floating holidays
Bereavement leave benefits
Hardship benefits
320 hours of caregiver leave to take of loved ones when it matters most.
Office Perks
Commuter benefits
Free daily meals
Free snacks and drinks
Some meals provided
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
MassMutual's wellness wallet is a stipend available to all employees, and can be used for myriad wellness-related purchases, including home-office purchases.
Meditation space
Mother's room
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education stipend
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
Personal development training
Virtual coaching services

Additional Perks + Benefits

To learn more about our comprehensive benefits please visit:

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