Quantitative Researcher – Investments

Wealthfront; Seattle (WA); On-site; USD 185,000 - 211,000; Full time

Benefits offered by this job

Medical insurance

Vision

Dental

401K plan

Generous paid time off

Parental leave

Wellness reimbursements

Professional development

Employee investing discount

Equity

Job summary

Wealthfront is seeking a quantitative researcher / data scientist to join the Investments team. The role focuses on developing automated investment strategies, asset allocation, portfolio construction, tax efficiency, and trade execution using large client datasets.

You will derive quantitative models from empirical data and code extensively to express insights. Responsibilities include backtesting, deployment, data infrastructure development, dataset acquisition, cross-team collaboration, and

Qualifications

• Bachelor's or Master's degree in mathematics, statistics, economics or computer science (or a related quantitative discipline).
• 4 years of experience in systematic or quantitative investing or a higher degree in a quantitative field.
• Experience analyzing complex data and building statistical models.
• Proficiency in Python or R (you have written massive amounts of code, employing revision control, and testing).
• Competency in SQL preferred

Responsibilities

• Build reproducible backtests for proposed models / algorithms
• Contribute to the deployment and implementation of differentiated investment services
• Contribute to the development of infrastructure for modelling, optimization, backtesting, analytics, and data management
• Investigate, identify, and acquire internal / external datasets
• Collaborate with other teams to commercialize new products and ongoing enhancements to existing products
• Promote our products by providing data and authoring blog posts and white papers

Skills

Python

R

Education

Bachelor's/Master's in math/Stats/Economics/CS

Tools

SQL

Job description

We are seeking a quantitative researcher / data scientist to join the Investments team at Wealthfront. The primary responsibility of the role is to investigate and develop proprietary, automated investment strategies addressing our clients’ various investment problems. Your focus will span topics related to asset allocation, portfolio construction, optimization, tax efficiency, trade execution, behavioral finance, and will afford you the opportunity to work with a proprietary dataset spanning the investments of hundreds of thousands of clients. Successful candidates will combine an ability to derive and apply quantitative models to the empirical analysis of financial and client data. Code and models are the way we express insights and analysis, thus you need to be comfortable working with large datasets and writing significant amounts of code.

Responsibilities

• Build reproducible backtests for proposed models / algorithms
• Contribute to the deployment and implementation of differentiated investment services
• Contribute to the development of infrastructure for modelling, optimization, backtesting, analytics, and data management
• Investigate, identify, and acquire internal / external datasets
• Collaborate with other teams (engineering, product, design, marketing, and compliance) to commercialize new products and ongoing enhancements to existing products
• Promote our products by providing data and authoring blog posts and white papers

Requirements

• Bachelors or Masters Degree in mathematics, statistics, economics or computer science (or a related quantitative discipline). If you have done or are thinking about doing a PhD someday, chances are you’ll love our team
• 4 years of experience in systematic or quantitative investing or a higher degree in a quantitative field
• Experience analyzing complex data and building statistical models
• Proficiency in Python or R (you have written massive amounts of code, employing revision control, and testing)
• Competency in SQL preferred

Bonus Points

• Experience with direct indexing, especially tax-aware strategies
• Programming competency in Java or Scala
• Experience with AWS cloud computing technologies

Estimated annual salary range: $185,000 – $211,000 USD plus Equity and a discretionary bonus.

Benefits include medical, vision, dental, 401K plan, generous time off, parental leave, wellness reimbursements, professional development, employee investing discount, and more!

Here at Wealthfront, our mission is to create a financial system that favors people, not institutions. We do this by leveraging technology to build powerful, low-cost, and easy-to-use financial products that help modern investors grow and manage their money.

We started with the ambition to transform the investment advisory business. By automating strategies typically reserved for the wealthy, we unlocked access to high quality investment advice for a digitally-native generation that was underserved by traditional institutions. Since then, we’ve expanded to a full suite of products designed to help our clients turn their savings into long-term wealth, including:

Products

• A Cash Account that, through our partner banks, offers one of the highest annual percentage yields on uninvested cash in the industry, while providing instant and secure access to your money with no account fees and a full suite of checking features.
• A zero-commission Stock Investing Account with 50 handpicked collections that help DIY investors discover new companies and make smarter investing decisions.
• Multiple automated investing portfolios designed to unlock tax savings through sophisticated strategies like fixed income, tax-loss harvesting, and direct indexing—which we offer at industry-leading low costs and accessible minimums.

Our award-winning products have attracted over 1 million clients who trust us with more than $85 billion of their hard earned savings—and we’re far from done. If you’re inspired to help us reshape the financial industry as we create our next chapter, let’s talk!

For more information please visit www.wealthfront.com. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

Please review our candidate privacy notice.

Disclosures: All investing involves risk, including the possible loss of principal. Tax-Loss Harvesting benefits vary depending on the client’s entire tax and investment profile. Wealthfront doesn’t provide tax advice. The Cash Account is offered by Wealthfront Brokerage LLC (“Wealthfront Brokerage”), Member of FINRA/SIPC. Wealthfront Brokerage is not a bank. We convey funds to partner banks who accept and maintain deposits, provide the variable interest rate, and provide access to FDIC pass-through insurance. Investment management and advisory services–which are not FDIC insured–are provided by Wealthfront Advisers LLC (“Wealthfront Advisers”), an SEC-registered investment adviser. The checking features offered in the Wealthfront Cash Account are provided by Green Dot Bank, Member FDIC. Fees and Eligibility requirements may apply to certain checking features, please see the Deposit Account Agreement for details.

By “award-winning products”, please refer to www.wealthfront.com/reviews for more information. Wealthfront Corporation oversees Total Client Assets and Trusted Clients through Wealthfront Advisers and Wealthfront Brokerage. Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.