Senior Quantitative Researcher

Arrowstreet Capital, Limited Partnership; Boston (MA); On-site; USD 170,000 - 325,000; Full time

Benefits offered by this job

Competitive compensation package

Bonus potential

Job summary

Arrowstreet Capital is seeking a senior researcher to join our Research group in Boston. The role focuses on generating investment ideas, evaluating data sources, codifying ideas into signals, back-testing, and forecasting returns, risk, and trading costs to inform trading decisions.

You will lead high-impact projects, manage other researchers, and contribute to model specification and implementation within our integrated systematic investment process.

Qualifications

• 7+ years of experience developing systematic investment strategies.
• A creative, rigorous thinker with ability to develop differentiated alpha ideas.
• Hands-on quantitative research experience as an individual contributor.
• Experience managing other researchers on multiple projects.
• Significant experience evaluating novel data sources.
• Expertise in risk and transaction cost modeling.
• Proficiency with Python, R, MATLAB or similar.

Responsibilities

• Contribute to idea generation and management of high-impact projects that improve model specification and implementation.
• Pursue research projects that improve portfolio construction decisions within our integrated systematic investment process.
• Communicate findings clearly, including data visualizations, to stakeholders.

Skills

7+ years experience

Differentiated alpha ideas

Hands-on quantitative research

Lead researchers

Evaluate novel data sources

Risk and TC modeling

Programming in Python/R/MATLAB

Education

Undergraduate quantitative degree

Graduate degree in economics/finance/statistics (a plus)

Tools

Python

R

MATLAB

Job description

Job Overview

We are looking for a senior researcher to join our Research group. We are a collaborative, data‑driven, intellectually rigorous team responsible for coming up with investment ideas, evaluating data sources related to those ideas, codifying those ideas into signals, back‑testing the signals, and producing return, risk and trading cost forecasts based on the signals to drive trading decisions. We maintain a friendly, team‑oriented environment and place a high value on professionalism, attitude and initiative.

Responsibilities

As a senior researcher, you will contribute to idea generation and management of high‑impact projects that improve the specification and/or implementation of our investment models, as well as research projects that improve portfolio construction decisions in our fully integrated, unified systematic investment process.

Qualifications

• 7+ years of experience developing systematic investment strategies, particularly in equity and currency markets with forecast horizons of days, weeks, or months instead of seconds, minutes or hours.
• A creative, rigorous thinker with a demonstrated ability to come up with differentiated alpha research ideas based on investment logic and intuition.
• Extensive experience performing hands‑on quantitative research as an individual contributor.
• Extensive experience managing other researchers on multiple simultaneous research projects.
• Significant experience evaluating novel data sources.
• Expertise in risk and transaction cost modeling.
• Familiarity with optimization and portfolio construction in a systematic investment process more generally.
• Significant experience implementing successful research ideas in a production process.
• Excellent communication skills, including data visualization.
• Strong analytical, quantitative, and problem‑solving skills.
• Understanding of probability, statistics, linear regression, time‑series analysis, linear algebra, calculus, optimization and portfolio theory.
• Knowledge of the application of statistics to economics (including econometrics or regression analysis).
• Experience with a statistical computing environment such as Python, Stata, R, or MATLAB.
• Good understanding of the academic field of empirical asset pricing.
• High energy and strong work ethic.
• An undergraduate degree with an emphasis on challenging quantitative coursework; a graduate degree in economics, finance or statistics is a plus.

Compensation and Benefits

The base salary range for this position is $170,000–$325,000 per year. Arrowstreet Capital operates a robust talent acquisition program and seeks to compensate and reward employees competitively within the industry and in line with our merit‑based culture. Our compensation includes base salaries, annual discretionary bonuses and a comprehensive benefits package. Salary placement within the listed range will vary based on relevant experience, qualifications, certifications, credentials, job responsibilities and scope.

Equal Opportunity Employer

Arrowstreet Capital is a Boston‑based systematic investment firm that manages global equity portfolios for institutional investors worldwide. 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 providing reasonable accommodations for qualified individuals with disabilities and disabled veterans.