Researcher (Fixed Income)

Dimensional Fund Advisors; Austin (TX); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Comprehensive benefits

Educational initiatives

Special celebrations of our history,文化

Job summary

Dimensional Fund Advisors seeks a PhD Researcher in Austin, Texas to conduct empirical research supporting investment strategies. The role involves portfolio construction analysis, historical simulations, and collaboration with investment and sales teams.

The ideal candidate has a PhD in a quantitative field, strong Python skills, and experience with large datasets, econometrics, and asset pricing. Dimensional emphasizes balanced research-and-education deliverables and client-focused

Qualifications

• PhD in finance, economics, mathematics, statistics, engineering, computer science, or similar disciplines.
• Researcher: 0-3 years (Senior Researcher: 3-7 years) of relevant industry experience and expertise in quantitative finance.
• Strong quantitative skills with experience in empirical research on large datasets.
• Proficiency in Python is required; knowledge of R, MATLAB or SAS is a plus.
• T-SQL database querying is highly regarded; fixed-income research is preferred.
• Experience in portfolio optimization, derivatives pricing and ML is advantageous.
• Excellent communication of complex concepts, orally and in writing.

Responsibilities

• Conduct rigorous empirical research related to portfolio structure and implementation.
• Run historical simulations, regression, attribution and characteristics analysis.
• Share findings through white papers and presentations at seminars and conferences.
• Collaborate with investment and sales teams to develop client-focused solutions.
• Review advances in asset pricing to support strategies and education.

Skills

Python

Econometrics

Quantitative finance

Data analysis

Large datasets

Education

PhD in quantitative field

Tools

T-SQL

R

MATLAB

SAS

Job description

Job Description:

The Research department at Dimensional is integral both in the successful day-to-day functioning of the firm and in developing Dimensional’s long-term strategy. The team produces high-quality, thought-leadership research on investments and financial markets that is of interest to clients. The team also leads the development of the firm’s investment approach and the application of that approach through portfolio management and trading. Our team is seeking an PhD Researcher in Austin, Texas to help deliver these key services. Researchers are expected to produce high-quality, academically grounded research to support and enhance our investment strategies, improve our understanding of financial markets, and for client education. Research findings are shared through white papers and presentations at Dimensional seminars and conferences.

Duties and Responsibilities:

• Conduct rigorous empirical research related to portfolio structure and implementation, run historical simulations, perform regression, attribution and characteristics analysis, conduct econometric tests to evaluate the impact of different portfolio construction and implementation approaches on expected performance, costs, and diversification of our investment strategies.
• Work closely with our investment and sales team to develop investment solutions that meet our clients’ needs, goals, and preferences in a reliable, cost effective, and transparent way.
• Share our research findings through white papers and presentations at Dimensional seminars and conferences.
• Participate in and contribute to internal research seminars.
• Discuss Dimensional’s investment philosophy, process, and strategies with clients and prospects.
• Review the latest advances in the academic work on asset pricing to support and enhance our investment strategies and for client education.

Qualifications:

• PhD in a discipline such as finance, economics, mathematics, statistics, engineering, computer science, or similar disciplines.
• Researcher: 0-3 years (Senior Researcher: 3-7 years) of relevant industry experience and excellent knowledge in quantitative finance.
• Ideal candidates will have strong quantitative skills, extensive experience doing empirical research with large datasets, and a strong background in econometrics and statistics.
• Proficiency in Python programming is required.
• Other coding skills (R, Matlab, or SAS) are a plus.
• Proficiency in database and query language (T-SQL) is highly considered.
• Strongly prefer candidates with expertise in fixed-income research.
• Experience in portfolio optimization, derivative pricing and machine learning is highly advantageous.
• Excellent ability to communicate financial and economic concepts, in both oral and written form to a variety of different audience types.
• Researchers are responsible for independently completing research projects, from idea generation to paper publication or strategy implementation.
• Strong candidates will also have exceptional attention to detail, imagination, and creativity.

Benefits:

• comprehensive benefits
• educational initiatives
• special celebrations of our history, culture, and growth

Dimensional offers a variety of programs to help take care of you, your family, and your career, including comprehensive benefits, educational initiatives, and special celebrations of our history, culture, and growth.

It is the policy of the Company to provide equal opportunity for all employees and applicants. The Company recruits, hires, trains, promotes, compensates, and administers all personnel actions without regard to actual or perceived race, color, religion, religious practice, creed, sex, sex stereotyping, pregnancy (which includes pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), caregiver status, gender, gender identity, gender expression, transgender identity, national origin, age, mental or physical disability, ancestry, medical condition, marital status, familial status, domestic partnership status, military or veteran status or service, unemployment status, citizenship status or alienage, sexual orientation, status as a victim of domestic violence, status as a victim of stalking, status as a victim of sex offenses, genetic information, political activities or recreational activities, arrest or conviction record, salary history, natural hairstyle or any other status protected by applicable law except as otherwise required or permitted by law or regulation applicable to the Company or its affiliates.

At Dimensional, we want to change the way the world thinks about investing. As a leading global investment firm, we offer systematic, value-added investment solutions based on robust science and thoughtful implementation. Our global team includes more than 1,600 passionate people with diverse experiences, education, strengths, and talents. With a learning mindset rooted in academia and powered by the great ideas in finance, we pursue what we believe are the strongest investment solutions, while providing a world-class client experience. Every employee plays a role in delivering these experiences, and we know we can achieve the most when we work as a team to endeavor to help improve investors’ lives.

Dimensional Fund Advisors LP is an investment advisor registered with the Securities and Exchange Commission.

Dimensional sees great value from collaborating in our offices and appreciates the benefits of flexibility. Most roles fit our office-first hybrid approach: We are together on our campuses Tuesdays, Wednesdays, and Thursdays and have the choice to work in the office or remotely, depending on what is best for that work day, on Mondays and Fridays. This approach maximizes in-person collaboration and interaction while simultaneously providing flexibility and applies to most roles globally with a few exceptions that require more or less time in the office.

If you require reasonable accommodation in completing this application, interviewing, or otherwise participating in the employee selection process, such accommodation is available upon request.

The use of Artificial Intelligence during interviews and skill testing is prohibited, unless Dimensional Fund Advisors has authorized such use.