Quantitative Equity Analyst, Quantitative Investment Group recruitment
Position Description:
The Company
Wellington Management Company, LLP is one of the world's largest investment management firms. The company is headquartered in Boston with nine affiliate offices in the United States and around the world. With approximately $676 billion in assets under management, Wellington Management Company, LLP manages US, international and global equity, fixed income and multi-asset portfolios for institutional clients and mutual fund sponsors in 40 countries.
The Position
The Quantitative Investment Group is seeking to add a Quantitative Equity Analyst to its team. The group currently manages over $2 billion in equity assets across global markets in both long-only and absolute return strategies.
The Analyst will be responsible for assisting with the development and maintenance of the group's increasingly diverse suite of alpha sources and risk models which underlie their research and portfolio management activities. These models are mission-critical and central to the group's efforts to maintain a competitive investment advantage. The Analyst may also contribute to the group's technology infrastructure, consisting primarily of underlying relational databases and a large software base in the C# programming language. Additionally, the analyst will work with Wellington investors outside of the Quantitative Group, providing them with the group's insights and custom analyses.
The RD in the group involves both bottom-up stock selection using security level information, and more top-down, thematic ideas, using economic series and data from other asset classes. The research is rigorous and involves theory, empiricism, as well as intuition. Typical tools used in the research process include time-series and cross-sectional statistics, econometrics, optimization techniques, and stochastic simulation and machine learning.
As the Analyst gains an understanding of the alpha signals, risk management, and portfolio construction approaches of the Quantitative Investment Group, he/she will begin to lead some research initiatives and take a more active role in portfolio management.
Qualifications
Specific qualifications include:
•Strong academic record with an undergraduate or advanced degree in the sciences
•Experience with the modeling of financial markets utilizing backtests and simulation
•Expertise with probability, statistics, time-series and cross sectional analysis, especially with very large data sets
•Experience and aptitude with modern programming languages
•Strong attention to detail and analytical ability
•Effective communications skills, both written and oral
•High level of self motivation and a strong work ethic
•Ability to work well in a collaborative group environment with a 'can do' attitude