Clearwater Analytics (CWAN) Logo

Clearwater Analytics (CWAN)

Quantitative Financial Analyst I

Posted 6 Days Ago
Hybrid
Boise, ID
Entry level
Hybrid
Boise, ID
Entry level
Build, test, and maintain financial models, calculation libraries, data pipelines, and internal tools using Python, SQL, and Excel. Implement quantitative methods such as Monte Carlo simulations, solvers, interpolation, and statistical models. Perform model validation and regression testing, research financial data, document methodologies, and communicate quantitative findings to technical and non-technical stakeholders. This early-career role offers mentorship and requires no prior professional experience.
The summary above was generated by AI

Job Summary: 

The Quantitative Developer builds, tests, and maintains the financial models, calculation libraries, and data pipelines that power Clearwater’s analytics. This is an early-career opening intended for candidates completing a master’s program in a quantitative field. Quantitative Developers learn Clearwater’s financial models and data model, implement calculations as tested and reviewed code alongside software engineering teams, and grow into ownership of a domain over time. The role blends applied quantitative finance with hands-on software development, and no prior professional experience is required — we expect strong programming fundamentals and a solid quantitative foundation, and will teach the rest. 

 

Responsibilities: 

 

  • Assist senior Quantitative Developers and Quantitative Financial Analysts in researching and implementing new calculations as part of larger projects. 

  • Write clear, tested Python that follows team standards, and contribute to the shared libraries and internal tooling used across the team through the normal code review process. 

  • Accurately replicate existing mathematical models in Excel and Python, including client analytics tie-outs. 

  • Perform acceptance, regression, and integration testing of financial models using the existing automated testing frameworks. 

  • Write, read, and edit SQL queries to extract security, position, and market data for model inputs, validation, and ad-hoc analysis. 

  • Implement numerical and statistical methods — Monte Carlo simulation, solvers and root-finding, interpolation — under the direction of more senior team members. 

  • Build and maintain components of the data pipelines that source, normalize, and validate data consumed by financial models. 

  • Research and learn the data model for your domain, including the data consumed and produced by the code base. 

  • Assist operations teams in understanding how data inputs impact calculations, and assist developers in analyzing unexpected regressions for a code change. 

  • Identify and build small automations, including the effective use of AI-assisted development tools, to simplify recurring analytical, validation, and documentation work. 

  • Proactively update internal documentation to reflect new features and calculation methodology. 

  • Answer questions within your domain about calculation methodology for internal stakeholders, and communicate findings clearly to non-technical audiences. 

  • Build domain knowledge continuously, and stay current with quantitative analysis techniques and software engineering practice. 

Requirements: 

  • Master’s degree, completed or to be completed before the start date, in Financial Engineering, Finance, Economics, Engineering, Mathematics, Statistics, Physics, Computer Science, or a similar quantitative field 

  • No prior professional experience required 

  • Demonstrated programming ability in Python — evidenced through coursework, thesis work, internships, or personal projects — including writing reusable functions and modules, working with structured data, and implementing financial or mathematical calculations 

  • Strong quantitative foundation including probability, statistics, linear algebra, and numerical methods 

  • Foundational understanding of financial markets, instruments, and investment strategies 

  • Strong written and verbal communication skills, including the ability to explain quantitative work to non-technical audiences 

  • Receptive to direction and feedback, and willing to escalate roadblocks early 

Desired Experience or Skills: 

  • Exposure to SQL and relational databases 

  • Familiarity with version control (Git) and collaborative software development workflows 

  • Internship, co-op, or research experience in financial services, fintech, or quantitative research 

  • Coursework or research in Fixed Income Securities and Risk Analytics, including cash flow analysis, OAS, duration and convexity 

  • Coursework or research in Stochastic Modeling of Financial Markets 

  • Interest rate modeling (e.g., Hull-White, HJM, LIBOR Market Model) and model calibration 

  • Exposure to Derivatives Pricing Models and computing Implied Volatility 

  • Proficiency with scientific Python libraries (NumPy, pandas, SciPy) 

  • Experience building data pipelines that source and normalize data from multiple systems or vendors 

  • Advanced Excel modelling 

  • Effective use of AI coding assistants and LLM-based tooling within a development workflow 

  • Familiarity with automated testing frameworks and the software development process, i.e. Agile 

  • Progress toward or completion of the CFA, FRM, or CQF 

Clearwater Analytics (CWAN) New York, New York, USA Office

1 Rockefeller Plaza Floor 27, New York, NY, United States, 10020

Similar Jobs at Clearwater Analytics (CWAN)

Yesterday
Hybrid
Mid level
Mid level
Fintech • Software • Financial Services
Process semi-monthly US and monthly UK payroll accurately and on schedule. Review timekeeping, employee changes, deductions, garnishments, benefits, taxes, and payroll compliance. Respond to employee pay inquiries, process adjustments, support payroll audits and month-end/year-end close, prepare required forms, and recommend process improvements while safeguarding confidential information.
Top Skills: ExcelWorkday
Internship
Fintech • Software • Financial Services
Supports investment portfolio reconciliation by comparing external data with an internal reconciliation system, updating reports, investigating discrepancies, communicating with stakeholders, and completing assigned learning projects. The role develops foundational knowledge of financial reconciliation, accounting concepts, securities, reporting, and investment technology under mentorship.
Top Skills: ExcelMS OfficePivot TablesSumifVBAVlookup
Internship
Fintech • Software • Financial Services
Supports investment portfolio reconciliation by comparing external data with an internal reconciliation system, reviewing reporting data, investigating discrepancies, and communicating updates. The intern learns financial reconciliation, reporting, investment concepts, and internal tools while assisting with client, data-provider, and stakeholder relationships. Responsibilities include meeting daily deadlines, documenting work, completing learning projects, and identifying product innovation opportunities. No prior professional experience is required; candidates should be pursuing a relevant bachelor's degree and have basic finance knowledge and Excel skills.
Top Skills: ExcelMS OfficeVBA

What you need to know about the NYC Tech Scene

As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.

Key Facts About NYC Tech

  • Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
  • Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
  • Key Industries: Artificial intelligence, Fintech
  • Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
  • Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
  • Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account