Quantitative Researcher (INFORMS)

Redwood City, CA
Research + Data Science
Full-time
We are seeking a Quantitative Researcher to join the Research team at Wealthfront. The primary responsibility of the role is to investigate and develop proprietary, automated investment strategies addressing our clients' various investment problems. Your focus will span topics related to asset allocation, portfolio construction (taxable and non-taxable), investment vehicle selection, tax efficiency, optimization, trade execution, behavioral finance, as well as, risk modeling and risk tolerance assessment. Successful candidates will combine an ability to derive and apply quantitative models to the empirical analysis of financial and client data. Code and models are the way we express insights and analysis, thus you need to be comfortable working with large datasets and writing significant amounts of R code.

Responsibilities

    • Develop portfolio optimization models and investment algorithms
    • Build reproducible backtests for proposed models / algorithms
    • Conduct empirical statistical analysis / modeling on relevant data and develop actionable insights
    • Contribute to the development of research infrastructure for modelling, optimization, backtesting, analytics, and data management, to ensure an efficient and robust research process
    • Investigate, identify, and acquire internal / external datasets
    • Collaborate with other teams (engineering, product, design, marketing, and compliance) to commercialize new products and ongoing enhancements to existing products

Requirements

    • PhD degree in Operations Research. Candidates from related disciplines with a strong focus on quantitative analysis (e.g. finance / economics, statistics) are also encouraged to apply
    • Experience analyzing complex data and building statistical models
    • Strong background in econometrics / statistics; experience with optimization desired
    • Programming competency in R and / or Matlab and / or Python
    • Programming competency in SQL preferred
    • Strong presentation skills and ability to communicate technical content to an audience with varied backgrounds
Everyone across the financial spectrum deserves to live secure and rewarding lives. In order to successfully serve clients across the United States, the Wealthfront team is focused on hiring team members with a diverse range of backgrounds, experiences and perspectives. We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.

About Wealthfront

Wealthfront’s vision is to optimize and automate our clients' finances exclusively through software. We've engineered a platform that delivers highly personalized advice and services including investment management, financial planning, and personal banking.

Wealthfront employees enable our clients to achieve their financial goals by developing sophisticated algorithms and investment strategies, intuitive user experiences and scalable infrastructure to continuously deploy mission-critical code. Join us as we help clients create their roadmap to financial freedom and scale from $11 billion in assets under management to trillions (yes, trillions).