VP, Quantitative Research Analyst - Credit, Execution Research and Advisory

GIC Private Limited; New York (NY); Hybrid; USD 173,000 - 245,000; Full time

Job summary

GIC, a leading sovereign wealth fund, seeks a VP Quantitative Research Analyst for Credit to lead ERA's credit coverage from New York. You will collaborate with traders and portfolio managers, turning problems into research questions and delivering robust, scalable solutions across fixed income.

You will set direction, manage stakeholder relationships, and shape ERA's credit research agenda within a cross‑asset team, reporting to the Head of ERA.

Qualifications

• Experience in a quantitative research or markets role covering credit or fixed income.
• Knowledge of credit market structure and liquidity dynamics.
• Ability to scope ill-defined problems into research deliverables and explain results.

Responsibilities

• Lead ERA's credit execution research agenda with a multi‑phase roadmap.
• Apply advanced quantitative methods to high‑granularity trade data to answer novel questions.
• Act as ERA's credit research lead for traders and portfolio managers.
• Guide research for a production analytics platform and deploy new models.
• Represent ERA's credit research to peers, dealers, platforms and vendors.
• Strengthen research quality and transfer insights across markets.

Tools

kdb+/q

Databricks

TRACE data

Job description

VP, Quantitative Research Analyst - Credit, Execution Research and Advisory

Location: New York, US

Job Function: Portfolio Execution & Solutions Group

Job Type: Permanent

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 offices around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Portfolio Execution & Solutions Group

We have teams in Singapore, London and New York, and we provide a full spectrum of services for the Total Portfolio. These include trading and structured advisory, funding and liquidity management, securities lending, beta management, portfolio rebalancing, applied quantitative research, and counterparty relationship management. We also deliver systematic portfolio solutions and innovation, such as portfolio construction techniques and tail-risk management, to strengthen total portfolio construction and resilience.

Execution Research & Advisory

Execution Research & Advisory (ERA) is a global team of market structure specialists based in Singapore and New York. We specialise in multi-asset quantitative research, focusing on market microstructure and liquidity modelling to improve execution outcomes and systematise decision-making.

We deliver through two connected capabilities. Execution Research translates insight from our own work and academic literature into practical execution solutions. Execution Advisory provides judgment-led, evidence-based guidance to the traders and investment teams making live decisions. Together they improve execution outcomes across GIC, protecting investment returns and reducing transaction costs.

What impact can you make in this role?

We are seeking a Quantitative Research Analyst to lead ERA's credit coverage from New York. You will work closely with traders and portfolio managers, identifying problems as they emerge, with the time to research and solve them properly. You will report to the Head of ERA, and your work will inform execution across GIC's fixed income mandates globally.

At VP level you will be expected to set direction as well as deliver. You will identify which problems are worth solving, turn ambiguous business questions into tractable research, be responsible for the stakeholder relationships around them, and steer ERA's credit research agenda within a cross-asset team.

What will you do as a Quantitative Research Analyst?

• Lead GIC's credit execution research agenda. Set a multi-phase roadmap spanning market impact and liquidity modeling, counterparty and platform selection, portfolio trading, protocol choice and transaction cost analysis (TCA). Translate that roadmap into prioritized research with clear measures of success.
• Apply advanced quantitative methods to high-granularity trade and quote data to answer questions that have no existing solution. Work through a disciplined research process to ensure outcomes are robust.
• Act as ERA's point of contact for Credit: the primary stakeholder lead for traders and portfolio managers with credit execution questions. You will be responsible for those relationships, shaping the resulting research agenda, and making prioritization decisions within ERA's broader objectives.
• Guide the credit research roadmap for our proprietary execution analytics platform. Propose new models, metrics and datasets, work with developers to deploy them into production, and close the feedback loop so one-off answers become durable, reusable capability.
• Represent ERA's credit research externally. Maintain a view across peer institutions, dealers, trading platforms, vendors and academic literature. Lead those conversations with autonomy, tracking market developments and applying what is relevant to our own context.
• Strengthen research quality across the wider team. Review code and methodology, contribute to research discussions, and make credit insight transferable to rates, FX and listed markets through our shared research frameworks.

What qualifications or skills should you possess in this role?

• Professional experience in a quantitative research or markets role covering credit or broader fixed income (for example as a researcher, quantitative analyst, trader or portfolio manager), including experience of taking research from problem formulation to application.
• Knowledge of credit market structure: dealer intermediation and balance sheet constraints, RFQ and all-to-all protocols, portfolio trading, ETF-driven liquidity, and how credit liquidity behaves under stress.
• Familiarity with the credit data landscape (TRACE, consolidated tapes, evaluated pricing, dealer inventory indications, quote data) and a realistic view of its limitations, with experience of fixed income transaction cost analysis (TCA).
• A practical understanding of where ML/AI genuinely add value in execution research and decision support, and where simpler, more interpretable methods are the better choice.
• The ability to scope ill-defined problems into research that can be delivered, to allocate scarce research effort to the highest-value opportunities, and to explain complex analysis precisely to both technical and non-technical audiences.

Also useful, though not essential:

• Familiarity with rates or FX market structure, given our cross-asset remit.
• Experience with kdb+/q and Databricks.
• Experience representing a research team to dealers, trading platforms and vendors.

Work at the Point of Impact

We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection. At the same time, we believe that flexibility allows us to do our best work and be our best selves. Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

GIC is an equal opportunity employer

As an employer, we passionately believe every individual brings with them unique diversity of thought and perspectives to meaningfully enrich perspectives of GIC teams to drive competitive performance. An inclusive environment yields exceptional contribution.

Compensation

Our compensation philosophy reflects several principles. We strive to provide a competitive compensation package to attract and retain talent globally. We pay for performance, and reward sustainable results. Total pay for this position comprises base pay and bonus. The anticipated base salary range for this role is between $173,000 and $245,000. Bonuses, which may form a meaningful proportion of the total pay package, are determined based on company and individual performance.

Learn more about our Portfolio Execution and Solutions Group Department here: