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Director of Quantitative Research Job
Date: Feb 28, 2010
Location: Boston, MA, US
Director of Quantitative Research - 0902900
Description
The Firm
Strategic Advisers, Inc. (SAI) is a registered investment adviser and wholly owned subsidiary of FMR LLC, providing discretionary and non-discretionary investment management services through Fidelity's retail and institutional distribution channels.
In addition to investment management, SAI specializes in investment risk management, portfolio analytics, asset/liability modeling, and internet investment planning tools for individual investors. Proprietary investment tools include Retirement Income Planner which formulates a customized plan for income in retirement and suggests specific steps to increase likelihood of having lifetime income, and Portfolio Review, which assesses the investment characteristics and risks of a client's portfolio, as well as analyzes possible portfolio strategies that clients model and select.
The Department
Headquartered in Boston, Massachusetts, SAI employs approximately 138 employees. SAI's team of investment professionals constructs and manages asset allocation portfolios for more than 225,000 accounts. To support these portfolios, the team researches and analyses over 2,400 funds, ETFs, and sub-advisors globally. SAI manages $55.2 billion in discretionary client assets and also serves as a non-discretionary advisor for $4.0 billion in assets.
As an investment management organization, Strategic Advisers has provided complete portfolio management services to Fidelity customers for over 19 years. SAI follows a proven, disciplined approach to investing assets according to asset allocation principles. Backed by the experience of its portfolio management and research teams, SAI's investing capabilities can be categorized in four primary components:
* Asset allocation
* Risk management
* Fundamental research
* Quantitative research
Strategic Advisers employs fundamental, quantitative, and hybrid investment approaches to managing money. At the core of Strategic Advisers' investment management and lifetime financial solutions is a dedicated research team. This team works closely with the portfolio management team, providing comprehensive research that helps guide investment selection.
Strategic Advisers believes superior investment performance depends on a sound partnership between fundamental and quantitative research teams. The fundamental team meets face-to-face with portfolio managers, and performs in-house analysis of numerous fundamental and quantitative factors, developed and improved in partnership with the quantitative research team. The majority of quantitative analysts are embedded on investment teams dedicated to different asset classes, working in partnership with portfolio managers and fundamental analysts. In addition there is a central quant team that works across the asset classes, principally on new initiatives. SAI relies on the quantitative research team to stay abreast of the state of the art in quantitative investment and risk management techniques, propose and test new approaches, and challenge existing risk management, asset allocation, manager selection, and portfolio construction methodologies to ensure we deliver superior risk-adjusted returns to shareholders.
The Position
Reporting to the Chief Investment Officer and working closely with the management team, investment professionals and technology team the Director of Quantitative Research (DOR) will lead and manage the quantitative research team for SAI. The DOR will lead and manage the eight person team of quantitative analysts. The expectation is that this individual will provide valuable coaching to the team of analysts and will drive project management for initiatives and deliver on critical projects. He/she will be a trusted source of information and insights to the organization from a quantitative and overall investment perspective.
Responsibilities
* Lead the eight-person Quantitative Analysis team, overseeing the analysts' work process and performance. Challenge and coach them in their efforts to conduct strong quant research and to produce valuable deliverables that support the investment process.
* Assign/deploy team resources to meet the needs of the investment organization.
* Maintain common practices and standards and monitor adherence to these standards within the Quantitative Analysis team.
* Facilitate strong communication.
* Evaluate analysts' performance, providing them with feedback and routine performance evaluations.
* As appropriate or helpful, engage in quantitative analysis research projects.
* Communicate effectively across the investment teams and with senior management to gauge their needs and thereby direct the team effectively.
* Project-lead and manage all initiatives, working with systems and the business, to drive initiatives to completion. Ensure timely delivery of initiatives.
* Play a leading role in the Asset Allocation Division's database architecture and provide general oversight of the Data Quality Analyst Group.
* Ensure team stays current on quantitative investment research coming from academia and the industry.
Qualifications
* Significant years of experience as an investment professional including experience in quantitative research. Background with a leading buy side or sell side organization, major financial data provider or academic institution.
* Project leadership and product management experience.
* Background in successfully leading or managing a team of other analysts or researchers.
* The ideal candidate will have demonstrated consistent success in his/her work experience.
* He or she will:
o Have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity.
o Demonstrate investment leadership: seeking to understand, develop, test, and deploy state of the art quantitative techniques to risk management, asset allocation, manager selection, and portfolio construction.
o Exercise good judgment in choosing appropriate quant methods and applying them to SAI investment process.
o Balance mathematical rigor with practical considerations.
o Help the team translate raw quantitative results into investment ideas and insights that portfolio managers can use.
o Be able to think creatively, work independently and be able to make decisions quickly.
Values
The following values are considered to be fundamental to the way in which our Company operates:
* Customer Focus
* Ownership
* Enthusiasm
* Integrity
* Teamwork
* Respect
* Innovation
Job
: Investment Management
Primary Location
: MA-Boston
Schedule:
: Full-time
Job Level:
: Executive
Education Level
: Bachelor's Degree (±16 years)
Job Type
: Standard
Shift:
: Day Job
Overtime Status:
: Exempt
Travel:
: No
Description
The Firm
Strategic Advisers, Inc. (SAI) is a registered investment adviser and wholly owned subsidiary of FMR LLC, providing discretionary and non-discretionary investment management services through Fidelity's retail and institutional distribution channels.
In addition to investment management, SAI specializes in investment risk management, portfolio analytics, asset/liability modeling, and internet investment planning tools for individual investors. Proprietary investment tools include Retirement Income Planner which formulates a customized plan for income in retirement and suggests specific steps to increase likelihood of having lifetime income, and Portfolio Review, which assesses the investment characteristics and risks of a client's portfolio, as well as analyzes possible portfolio strategies that clients model and select.
The Department
Headquartered in Boston, Massachusetts, SAI employs approximately 138 employees. SAI's team of investment professionals constructs and manages asset allocation portfolios for more than 225,000 accounts. To support these portfolios, the team researches and analyses over 2,400 funds, ETFs, and sub-advisors globally. SAI manages $55.2 billion in discretionary client assets and also serves as a non-discretionary advisor for $4.0 billion in assets.
As an investment management organization, Strategic Advisers has provided complete portfolio management services to Fidelity customers for over 19 years. SAI follows a proven, disciplined approach to investing assets according to asset allocation principles. Backed by the experience of its portfolio management and research teams, SAI's investing capabilities can be categorized in four primary components:
* Asset allocation
* Risk management
* Fundamental research
* Quantitative research
Strategic Advisers employs fundamental, quantitative, and hybrid investment approaches to managing money. At the core of Strategic Advisers' investment management and lifetime financial solutions is a dedicated research team. This team works closely with the portfolio management team, providing comprehensive research that helps guide investment selection.
Strategic Advisers believes superior investment performance depends on a sound partnership between fundamental and quantitative research teams. The fundamental team meets face-to-face with portfolio managers, and performs in-house analysis of numerous fundamental and quantitative factors, developed and improved in partnership with the quantitative research team. The majority of quantitative analysts are embedded on investment teams dedicated to different asset classes, working in partnership with portfolio managers and fundamental analysts. In addition there is a central quant team that works across the asset classes, principally on new initiatives. SAI relies on the quantitative research team to stay abreast of the state of the art in quantitative investment and risk management techniques, propose and test new approaches, and challenge existing risk management, asset allocation, manager selection, and portfolio construction methodologies to ensure we deliver superior risk-adjusted returns to shareholders.
The Position
Reporting to the Chief Investment Officer and working closely with the management team, investment professionals and technology team the Director of Quantitative Research (DOR) will lead and manage the quantitative research team for SAI. The DOR will lead and manage the eight person team of quantitative analysts. The expectation is that this individual will provide valuable coaching to the team of analysts and will drive project management for initiatives and deliver on critical projects. He/she will be a trusted source of information and insights to the organization from a quantitative and overall investment perspective.
Responsibilities
* Lead the eight-person Quantitative Analysis team, overseeing the analysts' work process and performance. Challenge and coach them in their efforts to conduct strong quant research and to produce valuable deliverables that support the investment process.
* Assign/deploy team resources to meet the needs of the investment organization.
* Maintain common practices and standards and monitor adherence to these standards within the Quantitative Analysis team.
* Facilitate strong communication.
* Evaluate analysts' performance, providing them with feedback and routine performance evaluations.
* As appropriate or helpful, engage in quantitative analysis research projects.
* Communicate effectively across the investment teams and with senior management to gauge their needs and thereby direct the team effectively.
* Project-lead and manage all initiatives, working with systems and the business, to drive initiatives to completion. Ensure timely delivery of initiatives.
* Play a leading role in the Asset Allocation Division's database architecture and provide general oversight of the Data Quality Analyst Group.
* Ensure team stays current on quantitative investment research coming from academia and the industry.
Qualifications
* Significant years of experience as an investment professional including experience in quantitative research. Background with a leading buy side or sell side organization, major financial data provider or academic institution.
* Project leadership and product management experience.
* Background in successfully leading or managing a team of other analysts or researchers.
* The ideal candidate will have demonstrated consistent success in his/her work experience.
* He or she will:
o Have very strong analytical and communication skills and exhibit the highest level of personal and professional integrity.
o Demonstrate investment leadership: seeking to understand, develop, test, and deploy state of the art quantitative techniques to risk management, asset allocation, manager selection, and portfolio construction.
o Exercise good judgment in choosing appropriate quant methods and applying them to SAI investment process.
o Balance mathematical rigor with practical considerations.
o Help the team translate raw quantitative results into investment ideas and insights that portfolio managers can use.
o Be able to think creatively, work independently and be able to make decisions quickly.
Values
The following values are considered to be fundamental to the way in which our Company operates:
* Customer Focus
* Ownership
* Enthusiasm
* Integrity
* Teamwork
* Respect
* Innovation
Job
: Investment Management
Primary Location
: MA-Boston
Schedule:
: Full-time
Job Level:
: Executive
Education Level
: Bachelor's Degree (±16 years)
Job Type
: Standard
Shift:
: Day Job
Overtime Status:
: Exempt
Travel:
: No
Nearest Major Market: Boston
Job Segments: Data Analyst, Database, Finance
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