Quantitative Strategist, Risk Modeling & Research

wellington; Boston (MA); On-site; USD 170,000 - 260,000; Full time

Job summary

Wellington Management seeks a Quantitative Strategist to lead the modeling of a proprietary multi-asset risk model across equity, fixed income, fx, commodities and derivatives. The role requires conducting empirical research on return dynamics, risk premia, factor exposures and cross-asset risk relationships, and serving as a subject matter expert for Investment Risk and product teams.

The candidate should have strong technical background in model development and statistics, with

Qualifications

• Advanced degree in finance, econometrics, or quantitative field.
• Strong understanding of factor-based risk model framework.
• 5-15 years' experience with empirical risk modeling on fixed income, equity, fx and derivatives.

Responsibilities

• Lead modeling efforts for Wellington's multi-asset risk model.
• Conduct empirical research on asset return dynamics and risk premia.
• Partner with risk professionals, investors, and product teams to apply models in portfolio construction and risk management.
• Build production infrastructure for risk model building and invocation.

Skills

Factor-based risk models

Quantitative research

Education

Advanced degree in finance/econometrics/quantitative field

Tools

Python

Java

SQL

C++

Job description

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

THE POSITION

Wellington Management is seeking a multi-asset empirical risk modeling specialist to join the Risk and analytics Research team within Wellington Investment Risk. The team develops quantitative models on risk modeling and investment analytics, partners closely with investors and risk professionals to integrate them into investment decision-making, and works with technology teams to deliver robust, scalable enterprise capabilities.

The Quantitative Strategist will lead modeling efforts for Wellington's proprietary multi-asset risk model covering equity, fixed income, fx, commodity and derivative instruments, conduct empirical research on asset return dynamics, risk premia, factor exposures, and cross-asset risk relationships, and serve as a subject matter expert on risk modeling and measurement for Investment Risk, investors and the product management team. The Strategist will partner directly with risk professionals and investors to ensure quantitative models are appropriately applied in portfolio construction and risk management. This is a high impact, high leverage role within a strong team with a broad and critical set of responsibilities. Areas of focus may include sector specific security return dynamics, measurement of idiosyncratic risk, risk model improvements like shrinkage algorithm, risk premia on implied volatility adjustments etc.

Success in this role requires the ability to conduct rigorous quantitative research, strong knowledge of statistical modeling on empirical financial market data, the ability to partner with technology teams to build production infrastructure process for risk model building, implementation, invocation, and an appetite for collaborating with risk managers and investors to integrate quantitative models into their investment process.

The candidate should be able to work independently and within a team environment. Good communication skills are critical as the successful candidate will individually manage projects and will also interact closely with risk and investment teams, product management and business professionals.

QUALIFICATIONS

The ideal candidate will combine a strong quantitative background with an understanding of finance and economics. Additional key qualifications include:

• Advanced degree in finance, econometrics, quantitative field (math, statistics, physics, electrical engineering, operations research)
• Strong understanding of factor-based risk model framework
• 5-15 years' experience with empirical risk modeling on fixed income, equity, fx and derivatives
• Strong technical background in model development, statistical analysis, and prototyping. Experience with Python, Java, SQL, and/or C++.
• Experience with MSCI/Barra Equity models is a plus
• Experience with Fixed income valuation models is a plus

LOCATION

The Quantitative Strategist will ideally be based in Wellington's Global Headquarters in Boston, MA. Alternative location may be considered for exceptional candidates.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to r ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail] .

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base s