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Full-Time

Quantitative Developer

Fixed Income

Posted on 10/22/2024

Beacon Platform

Beacon Platform

51-200 employees

Integrated platform for trading and risk management

Data & Analytics
Financial Services

Compensation Overview

$175k - $200kAnnually

Mid

New York, NY, USA

Category
Quantitative Analysis
Quantitative Trading
Quantitative Finance
Software Engineering
Required Skills
Python
Requirements
  • 3+ years of experience in quantitative development, with a focus on financial products.
  • Familiarity with Credit Derivatives and Bonds
  • Strong understanding of Credit Derivatives, Bonds, and Fixed Income markets, including market conventions, deal structures, and pricing/risk management
  • Experience developing code in a production environment
  • Development Background in a high-level language, preferably with a few years of Python experience
  • Strong problem solving and communication skills, ability to convey technical topics to a diverse audience
Responsibilities
  • Develop and enhance models for valuation, risk, and trade lifecycle management, with a focus on Bonds, Credit Derivatives, and other Fixed Income markets.
  • Design, build, and maintain frameworks within the platform to support Fixed Income products, including lifecycle management, scenario analysis, cash flow generation, and reporting (e.g., P&L attribution).
  • Identify and advocate for new models and design patterns necessary for the continuous improvement of an evolving infrastructure to support all clients.

Beacon Platform offers an integrated platform for trading and risk management, specifically designed for clients in the capital markets sector, including financial institutions, asset managers, and trading firms. The platform unifies various products, data, analytics, and workflows, enabling clients to manage risk across all asset classes from a single interface. It operates on a software-as-a-service (SaaS) model, where clients pay a subscription fee to access the cloud-hosted platform, allowing for recurring revenue and a scalable environment for trading needs. Key features include integration with existing systems, tools for building and deploying trading applications, and customizable analytics. Additionally, Beacon provides consulting services to assist clients in developing strategies and seizing market opportunities. The goal of Beacon Platform is to help clients optimize their trading and risk management processes through data-driven decision making.

Company Stage

Series C

Total Funding

$94.6M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

7%

1 year growth

9%

2 year growth

-2%
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Simplify's Take

What believers are saying

  • Beacon.io's recent $56M Series C funding round indicates strong investor confidence and potential for growth.
  • The partnership with Trayport enhances Beacon's capabilities in the energy trading market, opening new revenue streams.
  • Recognition as the top Quant Management Framework by Chartis QuantTech50 highlights Beacon's industry leadership and innovation.

What critics are saying

  • The capital markets sector is highly competitive, requiring continuous innovation to maintain market position.
  • Frequent changes in executive leadership, such as the new President and European Head of Sales, could lead to strategic misalignments.

What makes Beacon Platform unique

  • Beacon.io offers a unified platform for trading and risk management, unlike competitors who often provide fragmented solutions.
  • Their SaaS model ensures scalable and controlled environments, providing a competitive edge over traditional on-premise systems.
  • Beacon.io's strong focus on data-driven decision making and customizable analytics sets it apart in the capital markets sector.

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Benefits

Medical Insurance

Paid time-off

401(k) match

Employee Referral Bonus

Volunteer Time-off Program

Wellness and wellbeing initiatives

Regular social events and parties

Commuter benefits