Senior Quantitative Engineer

About Northern Trust

As a global leader in innovative wealth management, asset servicing, asset management and banking services, Northern Trust (Nasdaq: NTRS) is proud to guide the world’s most successful individuals, families, corporations and institutions.

Since 1889, we have aligned our efforts with our three guiding Principles That Endure: Service, Expertise, and Integrity. Together, they reflect the three cornerstones of business conduct which we strive to instill in our employees, whom we call partners, and to provide to our clients and the communities we serve worldwide.

With more than 135 years of financial experience and over 24,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Northern Trust is looking for a Senior Quantitative Engineer to join its Technology Development Centre in Bengaluru, India in the Investment Management team. This individual as part of an Agile development team, will be responsible for analysis, design and development of Quant platform that manages Equity and Fixed Income research and trade generation using various Quant methodologies.

Major Duties

Work closely with existing business and research team

Gather requirements from researchers and convert them to Tech specs and develop the models

Ensure code meets standards and tested appropriate to the platform

Provide technical guidance to the development team

A team player with an ability to own the design and code as per requirement given.

Communicate status (written and verbal) to project team and management

Continuously looks for ways to improve the application’s stability, scalability and user experience

Lead and work with developers to identify which interim solutions (e.g., tools, applications, reports, data structures, etc.) have matured sufficiently to transition to a production environment, and produce specifications for such solutions, enabling IT to elevate strategically targeted prototypes to production.

Innovate and improve proprietary models and algorithms; design and deliver in terms of high reliability, resiliency and scalability

Review existing excel based models and convert them to latest tech stack while generating required signals.

Implement standards, processes, and tools for numerical library testing and code quality controls

Review implementation of complex models and algorithms focusing on requirement verification and code quality. Conduct code review with peers and model developers and obtain their feedback.

Required Skills

BS in Computer Science, Engineering, or Information Technology

12+ years of progressive experience in software engineering and quantitative analysis.

Strong analytical skills; experience working with and analyzing large data sets, and using necessary libraries like PySpark, Pandas, Polars, Cuml, etc.

Strong domain skills – Quantitative Research, Statistics, Risk, Equity Portfolio Management etc

Expert knowledge in multiple programming language(s) - Python, PySpark, R, Java etc. Python / PySpark is must have expertise

Working knowledge of one or more relevant big data cloud computation platform like Databricks

Strong Test-Driven Development and desire to write simple, adaptive and iterative code

A solid understanding of tradable financial instruments (securities, derivatives) and capital markets

An advanced level of relevant mathematical knowledge e.g. statistics, time-series analysis, asset pricing theory, algorithms

Experience with algorithms and data structures

Understanding of ML algorithms to build signals from available datasets

Preferred/ Recommended Skills:

Experience of front office software development with an Asset Management, Hedge fund or Investment Bank

Experience building containerized applications and deploying to public or private clouds, such as Microsoft Azure, Amazon Web Services (AWS) or similar providers.

Experience of web based development and visualization technology for portraying large and complex data sets and relationships

Working with Us

As a Northern Trust partner, you will be part of a flexible and collaborative work culture, which has a strong history of financial strength and stability. Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to an inclusive workplace and assisting the communities we serve.

Philanthropy is deeply rooted in Northern Trust’s history and is an essential element of our culture. Employees around the world give their time and talent to work for the greater good of their communities.

Reasonable Accommodation

Northern Trust is committed to working with and providing adjustments to individuals with health conditions and disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at [email protected], or alternatively you can discuss your individual requirements with the recruiter you are working with.

About Our Bangalore Office

The Northern Trust Bangalore office, established in 2005, is home to over 5,600 employees.  In this stunning office space, we offer fantastic amenities which include our Arrival Hub - Jungle, the GameZone, and the Employee Experience Zone that appeal to both clients and employees. Learn more.