Investment Processes Intern

Arrowstreet Capital; Boston (MA); On-site; USD 159,000 - 228,000; Part time

Job summary

Arrowstreet Capital, a Boston-based systematic investment firm, invites a graduate student to join its Investment Processes group as an intern. The role focuses on automated processes used in investment decision-making and trading, with a strong emphasis on quantitative programming and performance attribution.

The intern will write production-quality Python code, analyze portfolio attribution, explore innovative methods, and collaborate on initiatives to improve performance measurement.

Qualifications

• Enrolled in a graduate program in finance, mathematics, economics, or closely related discipline; expected degree completion within a year of the internship.
• Demonstrated academic success.
• Experience with mathematical programming in Python or other scripting language.
• Knowledge of financial markets and asset pricing, gained through industry experience or academic study.
• Understanding of probability, statistics, linear regression, and related mathematical concepts.
• Ability to communicate findings, results, and conclusions clearly to various stakeholders.

Responsibilities

• Writing and maintaining code to analyze portfolio attribution and performance
• Researching and implementing innovative methods for performance attribution
• Designing and writing production-quality code to build robust applications and tools to automate investment processes related to post-trade analytics
• Collaborating on projects and initiatives to measure different drivers of performance

Skills

Python programming

Finance knowledge

Statistical methods

Communication

Education

Graduate student in finance/math/economics

Tools

Python

Job description

Job Overview

We are looking for an intern to join our Investment Processes group. Our Investment Processes group is responsible for the automated processes used in investment decision-making and trading. We are a quantitatively skilled and collaborative group of investment professionals, working at the intersection of finance and computer programming. Our systems process large financial data sets, combine them with risk and return forecasts, and generate the firm’s trading program. We create tools to analyze and manage the resulting portfolios.

Responsibilities

Our interns are immersed in our team effort, working side-by-side with members of the team. Depending on your competitive advantages, typical responsibilities may include:

• Writing and maintaining code to analyze portfolio attribution and performance
• Researching and implementing innovative methods for performance attribution
• Designing and writing production-quality code to build robust applications and tools to automate investment processes related to post-trade analytics
• Collaborating on projects and initiatives to measure different drivers of performance

Qualifications

• Enrolled in a graduate program from an educational institution in finance, mathematics, economics, or closely related discipline. Expected degree completion within a year of the internship.
• Demonstrated academic success.
• Experience with mathematical programming in Python or other scripting language
• Knowledge of financial markets and asset pricing, gained through industry experience or academic study
• Understanding of probability, statistics, linear regression, and related mathematical concepts
• Ability to communicate findings, results, and conclusions clearly to various stakeholders

The weekly wage range for this position is $3,500 - $5,000 per week.

Arrowstreet Capital operates a robust talent acquisition program, and we also seek to compensate and reward our employees competitively within our industry and in line with our merit-based culture. The determination of a successful candidate’s base wage placement within the listed range will vary based on the candidate’s relevant experience and qualifications (which may also include relevant certifications, credentials and other education), the job responsibilities and scope, the commensurate resulting level of the position and other relevant factors. The listed range is also an estimate, and additional information regarding base wages and other elements of total compensation offered by Arrowstreet Capital to successful applicants will be communicated during the recruitment process.

Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.

All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, genetic information, age, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law.

Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.