Equity Quant Portfolio Researcher

Verition Fund Management LLC; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

Verition Fund Management LLC seeks an experienced Equity Quant Portfolio Researcher to join their expanding Risk team in New York. The ideal candidate will develop and implement custom factors, review factor exposures, and create tools for Portfolio Managers to manage risk.

Qualifications include a Bachelor’s degree in a STEM field and a minimum of 7 years in quantitative finance or risk management. The role demands strong programming and analytical skills, alongside expertise in the Barra model.

The salary range for this position is between $150,000 and $200,000 USD.

Qualifications

• Minimum of 7 years of relevant experience in quantitative finance or risk management.
• Demonstrated experience with the implementation and customization of the Barra model.
• Proven track record of taking on hands-on roles and responsibilities.

Responsibilities

• Develop and implement custom factors for equity portfolios.
• Review and analyze factor exposures at the PM, strategy, and firm levels.
• Create and maintain tools to support PMs in managing factor risk.

Skills

Quantitative finance

Risk management

Programming skills

Analytical skills

Communication skills

Education

Bachelor’s degree in a STEM field

Tools

Barra model

Job description

Verition Fund Management LLC ("Verition") is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Our Risk team is expanding and seeking an experienced Equity Quant Portfolio Researcher. This role is pivotal in developing and implementing custom factors, reviewing factor exposures across various levels, and creating tools to aid Portfolio Managers (PMs) in managing factor risk. Additionally, the position may involve providing equity advisory from a risk perspective.

Key Responsibilities

• Develop and implement custom factors for equity portfolios.
• Review and analyze factor exposures at the portfolio manager (PM), strategy, and firm levels.
• Create and maintain tools to support PMs in managing factor risk.
• Provide equity advisory services from a risk perspective.
• Integrate and customize the Barra model to enhance factor analysis and risk management.
• Collaborate closely with PMs to understand their needs and deliver actionable insights.

Qualifications

• Minimum of 7 years of relevant experience in quantitative finance or risk management.
• Bachelor’s degree in a STEM field.
• Demonstrated experience with the implementation and customization of the Barra model.
• Strong programming skills, including the ability to integrate and create custom factors and perform in-depth analysis using the Barra model.
• Proven track record of proactively taking on hands‑on roles and responsibilities.
• Advanced analytical and problem‑solving skills.
• Strong communication skills and ability to work collaboratively with portfolio managers and other stakeholders.
• Detail-oriented with a focus on accuracy and precision in factor analysis and risk management.

Salary Range: $150,000 USD – $200,000 USD