Quantitative Strategist, Risk Modeling & Research

Wellington Management; Massachusetts; Hybrid; USD 120,000 - 225,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits package

Flexible working

CFA reimbursement

401(k) plan

Job summary

Wellington Management seeks a Quantitative Strategist to join the Risk and Analytics Research team within Wellington Investment Risk. You will lead modeling for a proprietary multi-asset risk model spanning equity, fixed income, FX, commodities, and derivatives, while conducting empirical studies on asset dynamics and risk premia.

You will partner with risk professionals, investors, and product management to ensure models are properly applied in portfolio construction and risk management,

Qualifications

• 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

Responsibilities

• Lead modeling efforts for Wellington’s multi-asset risk model.
• Conduct empirical research on asset return dynamics and risk premia.
• Collaborate with risk professionals, investors, and product management.
• Serve as SME on risk modeling and measurement for Investment Risk.
• Interact with risk managers to integrate models into portfolio construction.
• Work with technology teams to build production infrastructure for risk model building.

Skills

Python

Java

SQL

C++

Statistical analysis

Empirical research

Education

Advanced degree in finance, econometrics, quantitative field

Tools

MSCI/Barra Equity models

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

• 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 race, 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].

Benefits

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 salary range for this position is:

USD 120,000 - 225,000

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back‑up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term.