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.
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
PhD degree in finance / economics. Candidates from related disciplines with a strong focus on quantitative analysis (e.g. operations research, 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.
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).
Our mission at Wealthfront is pretty simple: we believe that everyone deserves access to sophisticated financial advice. Over the past five years, Wealthfront has built a technology company focused on re-architecting the finance industry. Some might call us ‘robo-advisor’, but we promise we’re made up of humans. Our world-class research team develops sophisticated and time-tested investment strategies, and our product and engineering teams build the software that enables us to deliver them automatically and at scale, right to your phone.