Bracebridge Capital, LLC
Senior Quantitative Researcher – Risk System Lead
Bracebridge Capital, LLC, Boston, Massachusetts, us, 02298
Senior Quantitative Researcher – Risk System Lead
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Senior Quantitative Researcher – Risk System Lead
role at
Bracebridge Capital, LLC .
Bracebridge Capital, LLC is a leading alternative asset manager with approximately $12 billion of net assets under management. The firm pursues investment strategies primarily within the global fixed‑income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest‑rate, and foreign‑exchange markets. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds, and other institutional and high‑net‑worth investors. Approximately 160 employees operate from our office located in Boston’s historic Back Bay. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. We believe our firm’s greatest asset is the people who work here.
We are seeking a Senior Quantitative Researcher – Risk System Lead with substantial hands‑on experience building fixed‑income pricing and risk systems in C++. This is a senior, production‑focused quant role requiring deep familiarity with rates, credit, correlation, and ABS modeling, as well as risk system architecture. Candidates without direct, professional experience managing, developing, and maintaining fixed‑income analytics in production environments will not be considered.
The Risk System Lead will report to the Director of Research and will own all aspects of the firm’s daily risk process, collaborating with Portfolio Managers and Researchers across strategies.
Base Pay Range $200,000 / yr – $300,000 / yr
Base salary within the range will be determined by various factors including but not limited to the individual’s experience, skills, and qualifications.
Primary Responsibilities
Lead and manage the development/enhancement of the in‑house fixed‑income pricing platform used for portfolio and risk management
Develop a comprehensive understanding of and own the daily scenario‑based Risk System production process, including model development, data pipelines, database structure, C++ analytics, and report generation
Identify and explain sources of large daily sensitivity and scenario P/L changes and discrepancies
Build accountability‑based business process to monitor daily Risk System runs, utilizing Researchers and Quantitative Developers
Pinpoint issues with data and/or analytics and direct junior members of the group to resolve them
Implement and manage the changes and enhancements to the models, scenario definitions and other parts of the risk system to incorporate new state variables and risk factors
Collaborate with Portfolio Managers on pricing and scenario analysis for rates, credit, and ABS positions
Qualifications
MS or more advanced degree in Computational Finance/Financial Mathematics/Financial Engineering
Minimum 5 years of professional experience implementing fixed‑income pricing models for products in rates, credit, correlation and ABS space
Substantial experience with C++ programming, including responsibility for production and maintenance of fixed‑income analytics libraries
Proven track record in risk system architecture and scenario‑based portfolio analytics
Familiarity with complex fixed‑income instruments and valuation approaches, including loan portfolio pricing models, strongly preferred
Solid understanding of risk management concepts, including sensitivity analysis, stress testing, and P&L attribution
Demonstrated ability to communicate effectively with portfolio managers, traders, and quantitative teams
Proven ability to work independently and deliver results in a fast‑paced, collaborative research environment
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Research
Referrals increase your chances of interviewing at Bracebridge Capital, LLC by 2x.
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Senior Quantitative Researcher – Risk System Lead
role at
Bracebridge Capital, LLC .
Bracebridge Capital, LLC is a leading alternative asset manager with approximately $12 billion of net assets under management. The firm pursues investment strategies primarily within the global fixed‑income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest‑rate, and foreign‑exchange markets. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds, and other institutional and high‑net‑worth investors. Approximately 160 employees operate from our office located in Boston’s historic Back Bay. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. We believe our firm’s greatest asset is the people who work here.
We are seeking a Senior Quantitative Researcher – Risk System Lead with substantial hands‑on experience building fixed‑income pricing and risk systems in C++. This is a senior, production‑focused quant role requiring deep familiarity with rates, credit, correlation, and ABS modeling, as well as risk system architecture. Candidates without direct, professional experience managing, developing, and maintaining fixed‑income analytics in production environments will not be considered.
The Risk System Lead will report to the Director of Research and will own all aspects of the firm’s daily risk process, collaborating with Portfolio Managers and Researchers across strategies.
Base Pay Range $200,000 / yr – $300,000 / yr
Base salary within the range will be determined by various factors including but not limited to the individual’s experience, skills, and qualifications.
Primary Responsibilities
Lead and manage the development/enhancement of the in‑house fixed‑income pricing platform used for portfolio and risk management
Develop a comprehensive understanding of and own the daily scenario‑based Risk System production process, including model development, data pipelines, database structure, C++ analytics, and report generation
Identify and explain sources of large daily sensitivity and scenario P/L changes and discrepancies
Build accountability‑based business process to monitor daily Risk System runs, utilizing Researchers and Quantitative Developers
Pinpoint issues with data and/or analytics and direct junior members of the group to resolve them
Implement and manage the changes and enhancements to the models, scenario definitions and other parts of the risk system to incorporate new state variables and risk factors
Collaborate with Portfolio Managers on pricing and scenario analysis for rates, credit, and ABS positions
Qualifications
MS or more advanced degree in Computational Finance/Financial Mathematics/Financial Engineering
Minimum 5 years of professional experience implementing fixed‑income pricing models for products in rates, credit, correlation and ABS space
Substantial experience with C++ programming, including responsibility for production and maintenance of fixed‑income analytics libraries
Proven track record in risk system architecture and scenario‑based portfolio analytics
Familiarity with complex fixed‑income instruments and valuation approaches, including loan portfolio pricing models, strongly preferred
Solid understanding of risk management concepts, including sensitivity analysis, stress testing, and P&L attribution
Demonstrated ability to communicate effectively with portfolio managers, traders, and quantitative teams
Proven ability to work independently and deliver results in a fast‑paced, collaborative research environment
Seniority Level Mid‑Senior level
Employment Type Full‑time
Job Function Research
Referrals increase your chances of interviewing at Bracebridge Capital, LLC by 2x.
#J-18808-Ljbffr