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Financial Engineering Jobs in New York (NOW HIRING)

MerQube Inc

Financial Engineer

Manhattan, NY · On-site

$110K - $140K/yr

Reporting to the Financial Engineering Manager, you will play a crucial role in modeling, creating, backtesting, and launching cutting-edge index strategies primarily focused on options. Key ...

MerQube Inc

Financial Engineer

New York, NY · On-site

$110K - $140K/yr

Reporting to the Financial Engineering Manager, you will play a crucial role in modeling, creating, backtesting, and launching cutting-edge index strategies primarily focused on options. Key ...

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Financial Engineering information

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$83.1K

$121.2K

$148.8K

How much do financial engineering jobs pay per year?

As of Sep 4, 2026, the average yearly pay for financial engineering in New York is $121,232.00, according to ZipRecruiter salary data. Most workers in this role earn between $109,400.00 and $136,200.00 per year, depending on experience, location, and employer.

What is financial engineering?

Financial engineering is the application of mathematical techniques, computer science, and statistical methods to solve problems and create innovative solutions in finance. Professionals in this field develop new financial products, manage risk, and optimize investment strategies using quantitative models. Financial engineers often work in banks, investment firms, hedge funds, or financial technology companies, helping organizations manage complex financial systems and products. The discipline combines finance, mathematics, statistics, and programming to address challenges in areas like derivatives pricing, risk management, and portfolio optimization.

What are some common challenges faced by financial engineers when implementing quantitative models in real-world financial institutions?

Financial engineers often encounter challenges such as aligning complex quantitative models with existing IT infrastructure and ensuring the models comply with regulatory requirements. Additionally, translating theoretical models into practical, scalable solutions that can handle large volumes of real-time data requires close collaboration with software developers and risk managers. Effective communication with non-technical stakeholders is also crucial, as financial engineers must explain model assumptions and results to decision-makers from diverse backgrounds.

What are the key skills and qualifications needed to thrive as a financial engineer, and why are they important?

To thrive as a Financial Engineer, you need a strong background in quantitative analysis, mathematics, programming, and finance, typically supported by a relevant degree such as financial engineering, mathematics, or computer science. Expertise in programming languages like Python, R, or C++, as well as familiarity with financial modeling software and risk management systems, is essential. Strong problem-solving, analytical thinking, and communication skills set top performers apart in this role. These skills are crucial for designing innovative financial products, managing complex risks, and translating quantitative insights into actionable business strategies.

What is the difference between Financial Engineering vs Quantitative Analyst?

AspectFinancial EngineeringQuantitative Analyst
Required CredentialsDegree in Financial Engineering, Mathematics, or related fields; often certifications like CQFDegree in Finance, Mathematics, or Statistics; certifications like CFA or CQF are common
Work EnvironmentFinancial institutions, hedge funds, investment banks; focus on product development and risk managementTrading desks, asset management firms; focus on data analysis and model development
Employer & Industry UsageUsed in risk management, derivatives pricing, and structured productsUsed in trading strategies, portfolio management, and risk assessment

Financial Engineering and Quantitative Analysts often share similar educational backgrounds and work in related financial sectors. While Financial Engineers focus on creating financial products and managing risks through complex models, Quantitative Analysts primarily analyze data to inform trading and investment decisions. Both roles require strong quantitative skills and often overlap in financial institutions.

What is the work of a financial engineer?

A financial engineer develops mathematical models and uses quantitative techniques to analyze and manage financial risks, design trading strategies, and create financial products. They often work with programming tools like Python or C++ and require strong skills in mathematics, finance, and computer science. Their work supports decision-making in investment banks, hedge funds, and financial institutions.

What jobs do financial engineers get?

Financial engineers typically work as quantitative analysts, risk managers, derivatives traders, or financial modelers in banking, investment firms, hedge funds, and insurance companies. They use skills in mathematics, programming, and financial theory to develop models and strategies for trading, risk assessment, and asset management.

What are popular job titles related to Financial Engineering jobs in New York?

For Financial Engineering jobs in New York, the most frequently searched job titles are:

What job categories do people searching Financial Engineering jobs in New York look for?

The top searched job categories for Financial Engineering jobs in New York are:

What cities in New York are hiring for Financial Engineering jobs?

Cities in New York with the most Financial Engineering job openings:

Financial Engineering jobs near you
Infographic showing various Financial Engineering job openings in New York as of August 2026, with employment types broken down into 100% Full Time. Highlights an 33% In-person, and 67% Hybrid job distribution, with an average salary of $121,232 per year, or $58.3 per hour.

Financial Engineering Faculty Fellow

New York University

New York, NY • On-site

$70K - $110K/yr

Full-time

Re-posted 28 days ago

New York University rating

8.5

Company rating: 8.5 out of 10

Based on 47 frontline employees who took The Breakroom Quiz

82nd of 629 rated colleges and universities

Job description

Description
The Department of Finance and Risk Engineering at the NYU Tandon School of Engineering invites applications for a one year Faculty Fellow position to start on September 1, 2025.
We are seeking candidates in all areas of mathematics applied to financial engineering and decision modeling within the context of economics and finance. Areas of interest include, but are not limited to, stochastic analysis, optimization, control and game theory, statistics, and data science.
Qualifications
Candidates should hold a Ph.D. in applied mathematics or a closely related field, with demonstrated knowledge of contemporary challenges in financial engineering and decision modeling. The position includes a light teaching load, offering valuable teaching experience within the department. Applicants are expected to show strong potential for excellence in both research and teaching.
Application Instructions
Please submit the following materials through the "Apply Now" button.
  • Cover letter
  • Current CV
  • Research Statement
  • Recent teaching evaluations (if available)
  • Names and contact information for three references.
  • (For searches that request letters from Interfolio directly at application time) Referees will be automatically contacted to upload confidential letters of reference in the Interfolio System.

We will review applications beginning on April 20 and will continue until we fill the position. We encourage you to submit early. Should you have any questions please contact Professor Nizar Touzi, Nizar.touzi@nyu.edu.
Additional Information
In compliance with NYC's Pay Transparency Act, the annual salary range is $70,000 - $110,000 for the Faculty Fellowship position. New York University considers factors such as (but not limited to) scope and responsibilities of the position, candidate's work experience, education/training, key skills, internal peer equity, as well as market and organizational considerations when extending an offer.
About Us
New York University (NYU) is one of the top private universities in the United States with an unparalleled network of global campuses and academic centers. NYU's Tandon School of Engineering, located in the heart of Brooklyn, dates back to 1854, the founding year of both the New York University School of Civil Engineering and Architecture and the Brooklyn Collegiate and Polytechnic Institute. Backed by an historic commitment of $1 billion and under the new leadership of Juan de Pablo as the University's Executive Vice President for Global Science and Technology and Tandon's Executive Dean, the Engineering School is entering an exciting new phase to recruit world-class faculty conducting groundbreaking basic and applied research in key areas. We are home to a community of renowned faculty and undergraduate and graduate students united in a mission to understand and create technology that powers cities, enables worldwide communication, fights climate change, and builds healthier, safer, and more equitable real and digital worlds. The school's culture centers on encouraging rigorous, interdisciplinary collaboration and research; fostering inclusivity, entrepreneurial thinking, and diverse perspectives; and creating innovative and accessible pathways for lifelong learning in STEM.

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About New York University

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Since its founding in 1831, NYU has been an innovator in higher education, reaching out to an emerging middle class, embracing an urban identity and professional focus, and promoting a global vision that informs its 20 schools and colleges. Today, that trailblazing spirit makes NYU one of the most prominent and respected research universities in the world, featuring top-ranked academic programs and accepting fewer than one in eight undergraduates. Anchored in New York City and with degree-granting campuses in Abu Dhabi and Shanghai as well as 12 study away sites throughout the world, NYU is a leader in global education, with more international students and more students studying abroad than any other US university.

Industry

Colleges, universities, and professional schools

Company size

10,000+ Employees

Headquarters location

New York, NY, US

Year founded

1831

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