Quantitative Associate
About the Role
The Quantitative Associate reports to the Co-Director of the Applied Integrated Quant (Applied IQ) team and assists in providing quantitative support to fundamentally driven investment processes and portfolio management teams within the firm.
In response to the ever-increasing complexity of capital markets and Loomis’ investment philosophy to a disciplined investment processes, the Applied IQ team has taken the initiative to build quantitative investment tools to support and enhance the firm’s fundamental research capabilities and portfolio management capabilities. The position requires knowledge of the various credit (and some equity) strategies managed at the firm, and the underlying investment processes utilized to select stocks/issuers and build portfolios. The Quantitative Associate will act as a key liaison between the Applied IQ team and various fundamental investment product teams, conducting research to support bottoms up and some top down investment processes in a systematic/quantitative fashion.
The Associate will play a key role in early-stage model development and day-to-day operations, which entails structuring the core components of the quantitative models, building technology infrastructure to facilitate daily production, designing various reporting tools for model risk management and performance attribution.
The position requires both strong quantitative/technical skills and effective written and oral communication skills. Although quantitative in nature, this individual is also expected to have a pragmatic, resourceful and strong problem solving approach to help solve big picture challenges. The individual will work closely with the Applied IQ team as well as other investment teams across the firm.
About the Team
The Applied IQ team is a stand-alone team within Loomis’ Investment Management department that works consultatively and collaboratively with investment teams throughout the firm to provide support and enhance and refine investment processes. The team is based in Boston, MA and is comprised of 9 individuals. Including the Head Applied IQ, 2 Co Directors and 6 Quant Analysts.
Job Responsibilities
- Partner with investment teams to integrate quantitative tools into their investment processes
- Improve, maintain, run and distribute results of various credit valuation models.
- Contribute to the development of economic regime forecasts, default risk forecasts, risk premium forecast, expected credit returns.
- Contribute to back testing relative value models.
- Contribute to various research projects in risk modeling
- Work with senior quantitative analysts to support their research efforts
- Follow newly published academic papers and industry trends to explore new product ideas
- Maintain code, database and documentation for relevant production processes
- Practical approach to problem solving and ability to blend quantitative models with fundamental ideas
Qualifications & Education Requirements
- BS in Computer Science, Engineering, or degree in a quantitatively driven and technical field
- 1–2 years of work experience in related fields desirable but not required; but will strongly consider relevant internship experience
- A broad knowledge on general capital markets theory and practice and knowledge of fixed income instruments helpful, but not required
- Ability to understand and conduct research on fundamental investment approaches.
- Strong technical, problem solving and programming skills are required. Strong command of Python, SQL, VBA, Excel required; MATLAB (desirable but not required)
- Excellent communication skills
- Self-driven, highly accountable, resourceful and independent thinker; ability to take initiative to conduct independent research with limited or no guidance.
- Strong ability to effectively communicate quantitative topics and concepts in common language and ability to distill complex problems
- Curious and entrepreneurial mindset
- Ability to “think outside the box” and to approach quantitative problems from a unique perspective
- Team orientation and the ability to build widespread credibility with a proactive and open-minded attitude
Autres détails
- Famille d'emplois Investments
- Fonction professionnelle Quantitative Analysis
- 1 Financial Center, Boston, MA 02111, États-Unis