Quantitative Developer - Securitized Products

Quantitative Developer - Securitized Products

Clearwater Analytics | Location : NY

About Clearwater Analytics

Clearwater Analytics is the leading SaaS platform for investment accounting, risk, and performance. We serve some of the world's largest insurance companies, hedge funds, asset managers, and institutional investors. We deliver decision-ready risk analytics that bring clarity and insight to multi-asset portfolios-highlighting exposures, sensitivities, scenarios, and performance drivers.

The Role

As a Securitized Products Quantitative Developer, you will play a critical role within the Quant team, helping to enhance and expand our structured products coverage across ABS, CLO, MBS, CMBS, and related asset classes. You will work closely with cross-functional teams of developers and interact directly with clients to deliver solutions focused on valuation accuracy, risk analytics, and cash flow modeling. Your contributions will drive the continuous improvement of our platform's structured products capabilities - from model development through production deployment.

What You'll Do

• Develop and maintain pricing libraries and analytical models for securitized products including ABS, CLO, MBS, CMBS, and other structured credit instruments

• Build, extend, and maintain frameworks within the platform supporting securitized product lifecycle management, including cash flow generation, prepayment modeling, credit enhancement structures, and tranche-level analytics

• Implement and maintain risk analytics covering interest rate sensitivities (DV01, duration, convexity), spread risk, scenario analysis, and stress testing across structured product portfolios

• Design and develop models for prepayment, default, and loss severity - calibrated to market conventions and client-specific requirements

• Identify and advocate for new models and design patterns necessary for the continuous improvement of an evolving infrastructure to support all clients

• Produce high-quality documentation targeting both technical and non-technical audiences, supporting and expanding engineering solutions

What We're Looking For

• 1–3 years of experience in quantitative development with a focus on securitized or structured products

• Strong understanding of structured product mechanics - deal structures, waterfall logic, cash flow prioritization, credit enhancement, and tranche-level risk

• Familiarity with prepayment models (e.g., PSA, CPR) and credit risk frameworks applicable to ABS, MBS, CMBS, and CLO structures

• Experience developing production-quality code, preferably in Python, with a strong software engineering foundation

• Strong problem-solving and communication skills - ability to convey technical topics clearly to both technical and non-technical audiences

What Will Make You Stand Out

• Experience in a front office or structured products development role supporting valuation, risk analytics, or portfolio analytics for securitized products

• Hands-on experience building or maintaining pricing and risk systems in a production environment

• Familiarity with relevant market data sources (Bloomberg, Intex, Trepp, MSCI, or similar) and structured product reference data

• Experience with interest rate modeling (e.g., Hull-White, short rate models) as it applies to structured product valuation

• Prior experience working directly with clients to customize platforms, integrate models, or develop technical solutions

What We Offer

• Business casual atmosphere in a flexible working environment

• Team-focused culture that promotes innovation and ownership

• Access to cutting-edge investment reporting technology and expertise

• Defined and undefined career pathways allowing you to grow your own way

• Competitive medical, dental, vision, and life insurance benefits

• Maternity and paternity leave

• Personal Time Off and Volunteer Time Off to give back to the community

• RSUs as well as employee stock purchase plan and 401K with match

• Work from anywhere 3 weeks out of the year

• Work from home Fridays