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Full-Time

Quantitative Engineer II

Posted on 10/17/2024

dv01

dv01

51-200 employees

Data management and analytics for lending markets

Fintech
Social Impact
Financial Services

Compensation Overview

$135k - $150kAnnually

Mid

Remote in USA

Category
Asset Management
Financial Planning and Analysis (FP&A)
Risk Management
Finance & Banking
Required Skills
Python
R
SQL
Tableau
Scala
Data Analysis
Requirements
  • Knowledgeable with structured finance: You have extensive experience with structured finance, including securitizations and credit facility transactions.
  • Familiar with web application development: You have a good understanding of web technologies and are eager to build your skills in back-end development. You've worked on small projects or contributed to larger ones, gaining experience with APIs, databases, and creating simple, user-friendly interfaces. You're excited to learn more about building scalable applications and exploring how web development can integrate with complex data and financial systems.
  • Comfortable with programming: You’re fluent with at least one programming language, Scala or Python, and interested in developing your technical skills further.
  • Comfortable with large datasets: You are comfortable working with datasets containing millions of rows and hundreds of columns and can quickly slice and dice data using tools such as R, Python, Stata, SAS, Tableau, or SQL.
  • Detail-oriented: You are meticulous about getting the small details right, but also a big picture thinker capable of abstracting specifics into global patterns.
  • Forward-thinking: Proactive and innovative, with the ability to explore uncharted solutions and tackle challenges that don’t have predefined answers.
Responsibilities
  • Model complex structured finance transactions: You will extract deal structures from offering memorandums, trustee reports, and other legal documents and create programmatic representations of the deals.
  • Build out dv01’s structuring platform: You will leverage Scala/Python to engineer a structuring platform to enable the construction of complex transactions.
  • Enhance and go to market with dv01’s revolutionary on-demand reporting tool: Partner internally with Credit Facility Reporting team to further develop the client-facing on-demand borrowing base reporting tool.
  • Interact with a diverse team: We operate in a highly collaborative environment, which means you’ll interact with internal domain experts, product managers, engineers, and designers on a daily basis.
  • Be client-facing: You will work with customers across investment banks, hedge funds, and large banks to model transactions and develop the structuring platform.

dv01 offers a data management and analytics platform focused on the lending markets, providing insights into various loan types such as consumer unsecured loans and auto loans. The platform helps financial institutions analyze loan performance, track loans in forbearance, and generate reports on portfolio composition and ESG data. dv01 stands out by standardizing loan-level data and providing access through an SFTP server or hosted SQL database, which streamlines workflows for its clients. The company's goal is to enhance transparency and intelligence in lending, enabling clients to make informed, data-driven decisions.

Company Stage

M&A

Total Funding

$36.5M

Headquarters

New York City, New York

Founded

2014

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Simplify's Take

What believers are saying

  • The acquisition by Fitch Group provides dv01 with substantial resources and market credibility, potentially accelerating growth and innovation.
  • Strategic partnerships, such as with GoodLeap, expand dv01's influence in niche markets like solar asset-backed securities.
  • The launch of new benchmarks and reports, like the Prime Jumbo Benchmark and GeoEnriched Agency MBS Performance Report, showcases dv01's commitment to innovation and market leadership.

What critics are saying

  • Integration challenges post-acquisition by Fitch Group could lead to operational disruptions and cultural clashes.
  • The highly specialized nature of dv01's services may limit its market to a niche segment, potentially constraining growth.

What makes dv01 unique

  • dv01's focus on loan-level data across a wide range of loan types provides unparalleled transparency and intelligence, setting it apart from competitors who may offer more generalized data solutions.
  • The strategic collaboration with Fitch Ratings enhances dv01's credibility and market reach, particularly in the RMBS sector.
  • Their comprehensive suite of data management and analytics services, including ESG data analytics, caters to the growing demand for impact investment evaluation.

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