Quantitative Investment Analyst

Vanguard, is seeking a Quantitative Investment Analyst for its Investment Strategy Group to research and develop proprietary quantitative models for return forecasting, asset allocation, life-cycle investing and financial planning. The analyst will perform ongoing research necessary to support and enhance Vanguard's investment methodology via quantitative models, serve as resource for internal investment groups (e.g., Asset Management, Advisor Services) and participate in generating department-initiated topics that will be used by both internal and external clients/prospects. The position will be part of a global team responsible for establishing and maintaining a robust investment and modeling research effort at Vanguard.

Duties and Responsibilities:

  • Researches and develops or implements quantitative models that apply expected return / risk simulations to areas such as asset allocation, life-cycle investing, financial planning and wealth management.
  • Researches and develops or implements quantitative models for financial planning that apply expected return / risk simulations to determine asset allocation, asset location, saving and spending strategies.
  • Researches and develops quantitative models of expected return / risk for various assets.
  • Analyzes complex investment research issues, focusing on financial markets and their implications for portfolio construction, asset allocation strategies, and investment advice.
  • Performs quantitative analysis and offers opinions and recommendations.
  • Presents analysis and results internally and on occasion externally to Vanguard clients or constituents.
  • Prepares written and statistical analyses as needed for clients, prospects, senior management and the media. Contributes written material for internal and external publications.
  • Presents analysis and results internally and on occasion externally to Vanguard clients or constituents.
  • Supports internal client requests on ad hoc research projects. Meets with senior management to determine requirements for research requests. Assists in the creation of investment-related presentations given by Vanguard senior management.
  • Serves as investment resource for advice delivery groups, e.g. the Web and High Net Worth. Develops schedule and format of any ongoing research needs that may be requested by internal clients.
  • Participates in group discussions designed to identify and debate investment issues and potential research projects. Develops recommendations on new research topics or quantitative methodologies.
  • Participates in special projects and performs other duties as assigned.


Qualifications:

  • PhD or Master's degree with specialization in areas of Financial Engineering, Quantitative Finance, Quantitative Economics, or empirical finance strongly preferred.
  • Some business or direct investment experience a plus. Solid knowledge of key investment and econometric concepts.
  • Exceptionally strong technical and analytical skills, including modeling and statistical methods.
  • Familiarity with optimization techniques such as mean-variance optimization, utility maximization, stochastic dynamic programming, etc.
  • Excellent computer skills, strong programming knowledge of Matlab, EViews, or others statistical software packages.
  • Ability to write effectively
  • Ability to work independently on multiple assignments simultaneously.


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