Quant Developer
- Location: Toronto, ON – Hybrid (4 days per week on-site and 1 day Work-From-Home (WFH)
- Pay Rate: $85.26/hr – $100.67/hr
- Contract Length: 6 Months with a possibility of extension
We at Raise are hiring a Quant Developer for one of our top clients. After establishing themselves as an industry leader, they’re now expanding their team to meet rising demand. We’re hiring right now; if you’re interested, apply below for your chance to join a great place to work.
Responsibilities:
- Developing and Maintaining risk applications to estimate profits & losses (P&Ls) using the strategic Big Data infrastructure (HDFS, Apache Spark (PySpark), etc.), includes:
- Understanding quantitative methodologies and business requirements.
- Designing and implementing solutions that fit into the overall strategic framework.
- Conducting testing to ensure the appropriateness of the implementations.
- Maintaining the implementation to incorporate user feedback as well as performance enhancements.
- Designing and executing the overall quant development framework
- Utilizing AI tools and emerging technologies to enhance productivity, streamline development processes, and improve code quality while maintaining compliance and accuracy standards.
- Contributing ideas and concerns, and escalating issues for tactical and strategic system solutions and business process improvement
- Providing effective User Acceptance Testing, ensuring the appropriate validation has occurred from Quantitative Risk Analytics and/or Model Risk
- Collaborating with IT teams to build out DevOps process to enable efficient product delivery
- Working with IT colleagues and other stakeholders to reach agreeable and effective solutions to complex technical problems
- Assisting with business process engineering, ensuring all processes are effective, efficient
- Assisting with training of team members as required
- Assisting with project reporting and status updates to senior management.
Must-have Skills:
- 5+ years of experience in capital markets, either in Market Risk, Middle Office / Product Control or Back Office.
- Working experience in application development in a financial institution
- Strong knowledge in Big Data development and toolsets (HDFS, PySpark, Spark Python, Scala, etc.)
- Solid understanding of IT practices and ability to manage and prioritize development tasks.
- Ability to clearly communicate highly technical concepts to business stakeholders.
- Results-oriented with the ability to work effectively under consistent time and workload pressures.
- Delivery-focused mentality and ability to work autonomously.
- Strong quantitative and analytical skills, with attention to detail.
- Solid knowledge of derivative pricing, market risk methodologies, systems and processes, and regulatory requirements.
- Experience with Agile framework and project management
- Experience with parallel computing
Nice-to-have Skils:
- Experience with financial market data across different asset classes
- Knowledge and skills in AI models and tools, such as Copilot, Agents, Model Context Protocol (MCP), Retrieval-Augmented Generation (RAG), Transformers, and similar emerging AI technologies.
Looking for meaningful work? We can help!
Raise is an established hiring firm with over 65 years of experience. We believe strongly in making the world a better place through work, which is why we’re a certified B Corporation and donate 10% of our profits to charity.
We strive to build teams that reflect the diversity of the communities we work in. We encourage all qualified applicants to apply, including people from traditionally underrepresented groups such as women, visible minorities, Indigenous peoples, people identifying as LGBTQ2SI, veterans, and people with visible/nonvisible disabilities.
We have a dedicated webpage for accommodations where you can learn more about what we offer and request accommodation: https://raise.jobs/accommodations/
In order to submit candidates for roles, our clients will sometimes require personal information to confirm the identity of applicants and their legal status to work. Raise will never ask you for personal or banking information unless you have been selected for a job. If you are ever unsure about the legitimacy of this or another job posting by Raise (or have any other questions), please contact us at +1 800-567-9675 or hello@raiserecruiting.com
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