Do you want to set up your multi-year research program and develop the next generation of the Ortec Finance economic scenario generator?
Do you want to contribute to society, not just by helping improve people’s savings and pensions, but also by researching on cutting edge modelling challenges?
If so, keep on reading, for we may be looking for you!
What will you do as Researcher Economic Modelling?As a Researcher Economic Modelling within the Scenario & Asset Valuation (SAV) solution, you are responsible for the development of the next generation of the Ortec Finance Economic Scenario Generator (OFS). The current OFS is a global model that integrates short, medium- and long-term investment horizons consistently across all asset classes and economies using our proprietary frequency domain methodology, combined with dynamic factor models. It provides realistic stochastic risk and return scenarios for all relevant time horizons and balance-sheet-level applications in a single calibration, bringing consistency and efficiency to enterprise-wide investment decision-making and risk management. Fueled by the ever-growing demand from our clients and regulators for clear (macro-economic) intuition and assumptions, the next generation OFS must be able to provide more intuition and to integrate climate change, while keeping the OFS’s unique strengths such as scalability and its frequency domain approach.
The development of the next generation OFS is a challenging task and requires research for multiple years. In the first year, you get to develop a multi-year research program, containing measurable deliverables and be validated with a few clients. To support the development of this research program, you should lay the necessary fundament in the first year, by understanding the OFS model set-up, the use cases of our clients, and figuring out when clients find the additional intuitiveness of the model sufficient for their purposes. If time allows, a first topic could already be explored in the first year if the research program is ready quickly. Given the applied nature of this research and the focus on generating client-ready innovations, writing publications will not be part of the plan or research goals. When the goals of the first year are achieved, the goal for the second year would be to complete the first major milestone of the research program.
You play a crucial role in the quality and fundamental innovation of the OFS for our clients and therefore contribute to the continued long-term success of Ortec Finance.
The Scenario & Asset Valuation (SAV) solutionSAV is end-to-end responsible for the innovation, calibration, software, and maintenance of our economic scenario generators and is in direct contact with its clients. The economic scenario generators are available as real-world scenarios for investment and risk management purposes, and as risk-neutral (or arbitrage free) scenarios for valuation purposes. The real-world economic scenario generator is the Ortec Finance Scenario set (OFS) which provides the valuations and risks of various asset classes in the present and future. The OFS creates real-world stochastic scenarios with a worldwide asset class coverage and provides the financial risk and return expectations for more than 600 risk-drivers for a short-, medium- and long-term horizon. The OFS is calibrated and analyzed with our Dynamic Scenario Generator (DSG) software. The risk-neutral economic scenario generator (RN-scenarios) enables actuaries and finance professionals to perform market-consistent valuations of optionality in insurance liabilities and of financial contingent claims more generally. The OFS, DSG and RN-scenarios are a cornerstone in the advisory services Ortec Finance provides to its clients and serves as a crucial input in the financial decision making for applications such as ALM and risk management for pension funds, insurance companies, asset managers, sovereign wealth funds and private wealth management all over the world. SAV is an innovative multidisciplinary group of about 25 persons with Quantitative Financial Analysts, Business Specialists and Quantitative and Software Developers.
What makes you our Researcher Economic Modelling?As a Researcher Economic Modelling you are a team player, result oriented and have a proactive attitude. You have and share creative ideas to combine different models/techniques. You really want to make a difference in this role! And of course, you recognize yourself in our core values.
Furthermore, our ideal candidate has:
- A strong background in econometrics, time series modelling, statistics, economics, and finance.
- At least graduated in a quantitative field such as Economics, Econometrics, Mathematics, Physics or Financial Engineering. A PhD degree is preferred.
- Preferably some relevant working experience in the quantitative field. For example, at a consultancy firm, insurance company or bank.
- Strong programming skills in preferably Python, or at least some other object-oriented programming language.
- Excellent communications skills in English, both written and orally.
The vacancy offers more than just a challengeWe offer you a challenging and rewarding role in a growing company, while being part of an inspirational global business with a lot of opportunities for personal and professional career development. And you will be part of an industry-leading global team, renowned for excellence!
The salary range is between €75.000 - €90.000 on yearly basis (including expected variable pay, fixed 13th month, holiday allowance), dependent on your role, competency profile and experience. In addition, we offer you excellent benefits, including:
- An open and informal work environment (Active staff association, annual ski trip, staff social events, annual summer and Christmas party and much more) with inspiring, smart and enthusiastic colleagues
- Opportunities to develop yourself with a training program as well as weekly research and knowledge meetings
- Hybrid working (Working from the office in Rotterdam or Amsterdam combining with working from home)
- The prospect of a permanent contract, because we strive for a long-term collaboration
- Fixed 13th month, 8% holiday allowance, participation in a bonus scheme (based on achieving pre-determined set of KPI’s, a bonus of 12% of the annual salary can be earned), participation in the pension scheme, commute and business travel allowance, working from home allowance, 27 vacation days and the possibility to buy more.
Who are we?Working at Ortec Finance means working somewhere else. It means working in a world where colleagues meet, gather knowledge and where likeminded peers are always willing to help each other. Where the organizational culture is friendly, flat and non-political.
Working at Ortec Finance also means working in a continuously innovating world where science, academics and mathematics dominate, since models are key in helping Ortec Finance’ clients with complex financial decisions. Because that’s what we love: giving our clients the best advice possible. Where the daily job is very in-dept, based on evidence and relevant for society. It means a job that matters. Where the learning curve is steep; we learn something new every single day. And we need to, because continuously innovation is key. Especially in a fin tech world. We don’t necessarily follow all conventions. Because yes, we are a bit rebellious too.
Ortec Finance is the leading provider of technology and solutions for risk and return management. It is our purpose to enable people to manage the complexity of investment decisions. We do this through delivering leading technologies and solutions for investment decision-making to financial institutions around the world. Our strength lies in an effective combination of advanced models, innovative technology and in-depth market knowledge. More at www.ortecfinance.com
More information or to apply?For more information regarding this position please contact Maruska John (Recruitment) at +31 10 700 5000. To apply, please use the application button to send us your CV and cover letter.
We hope to meet you soon!
- Experienced Professional
- Amsterdam/ Rotterdam