More than 30 years ago, E*TRADE pioneered the online brokerage industry by executing the first-ever electronic individual investor trade. While the landscape of our industry has changed dramatically, our culture of innovation and drive to make online trading accessible to everyone continues to drive us forward. We believe in challenging the status quo, fostering an environment of curiosity and learning, and, above all, putting our customers first.
The position will be within the Market/Interest Rate Risk group and will support various quantitative responsibilities, such as mortgage prepayment modeling and bank deposit modeling; data gathering and cleaning, econometric model development for forecasting, execution of existing models.
•Apply statistical techniques, such as regression and simulation, for forecasting in accordance with the industry best practices
•Support model risk and audit function in validation of the forecasting models and methods
•Perform internal validation of models developed by team mates
•As required, implement statistical algorithms and techniques in software independently (will be expected to use Matlab, Python and R)
•Learn tools and techniques used by Quantitative Analysis team
•A degree with a strong quantitative component, e.g. quantitative finance, economics, mathematics, statistics, physics, engineering
•2+ years of relevant experience
•Experience in mortgage prepayment modeling and bank deposits forecasting
•Strong programming skills along with experience in group software development.
•Hands on experience with MatLab, Python or R and SQL for data processing, visualization and statistical modeling.
•Experience working with large amounts of structure financial data and understanding the underlying work of various database systems (i.e., db2, Hadoop, mssql, etc.).
•Experience developing DLLs in C++ for existing platforms (e.g., The team is supporting add on models in PolyPaths).
•Strong foundation in statistics and applied mathematics, and ability to put it into practice
•Demonstrate interest in building a career in a financial industry.
•Must be comfortable using modern version control systems, such as GIT.
We offer a competitive and comprehensive benefits package. Please visit https://www.etradecareers.com/why-work-at-etrade/employee-benefits/ to learn more about the opportunities.
E*TRADE Financial is an Equal Opportunity Employer who encourages diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, age, disability, citizenship, marital status, sexual orientation, gender identity, military or protected veteran status, or any other characteristic protected by applicable law.