Associate, Delta One Structuring
About The Position
The Equity Delta One Structuring team designs, implements, and maintains systematic equity strategies and factor‑based indices for institutional clients. The group translates investment ideas and market insights into robust, investable portfolios implemented via equities, swaps, ETFs, and custom indices. The role focuses on the development of factor‑based and rules‑based equity strategies, including portfolio construction, signal research, back‑testing, rebalancing mechanics, and risk‑controlled implementation. The team works closely with Delta One trading to ensure strategies are liquid, hedgeable, and scalable, and with technology to productionize research into live indices and trading portfolios. Clients and stakeholders include asset managers, hedge funds, internal trading desks, and distribution teams, with solutions spanning single‑factor, multi‑factor, thematic, and volatility‑managed equity portfolios across regions and market caps.
Requirements
- 3+ years of experience in Delta One structuring, factor research, systematic equity investing, or quantitative portfolio construction
- Master’s degree in Quantitative Finance, Financial Engineering, Mathematics, Statistics, Engineering, a related field, or equivalent work experience
- Strong understanding of equity factor investing (e.g. value, momentum, quality, low vol, carry, thematic signals)
- Proven experience with portfolio construction, rebalancing frameworks, and back‑testing methodologies
- Strong intuition for equity market microstructure, liquidity, and implementation constraints
- Advanced Python skills for research, back‑testing, and data analysis; experience with large datasets and time‑series analysis
- Strong analytical mindset with the ability to translate research into practical, tradable portfolios
- Clear and concise communicator, comfortable working with traders, sales, and senior stakeholders
- High level of ownership and comfort operating in a front‑office, research‑driven environment
Responsibilities
- Design and research factor‑based and systematic equity strategies, including signal definition, portfolio construction, and rebalancing methodologies
- Conduct historical back‑testing and performance attribution, analyzing returns, risk, drawdowns, turnover, and factor exposures
- Develop and maintain investable equity indices and model portfolios, ensuring methodological robustness and operational feasibility
- Partner closely with Delta One trading to ensure strategies are implementable, cost‑efficient, and hedgeable under real market conditions
- Support the hedging and risk management of systematic portfolios, including beta, factor, sector, and regional exposures
- Build and enhance front‑office research and analytics tools to support strategy development, monitoring, and diagnostics
- Analyze portfolio behavior across market regimes, stress scenarios, and structural shifts
- Collaborate with risk, legal, compliance, operations, and technology to approve and maintain live indices and trading portfolios
- Engage with internal stakeholders and clients to explain strategy rationale, construction, risks, and performance drivers
- Monitor equity market and factor dynamics to generate new research ideas and strategy enhancements
Benefits
- Access to paid time off
- Resources and support to our employees
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
5,001-10,000 employees
