Associate Investment Engineer - Parametric
About The Position
The Associate Investment Engineer supports Parametric's Investment Strategy department in investment management, thought leadership, and client service while developing subject matter expertise. The role helps maintain and enhance proprietary investment strategies and client-directed mandates, monitor risk and performance, contribute to new product development, and conduct research and analysis for external content and client education. It involves working with colleagues across the department and firm in a dynamic, client-facing environment. The position is part of Parametric's hybrid working model: employees work in the office three days a week and may choose to work remotely or in the office on the remaining days. The role calls for a quantitative investment professional with strong coding skills and an interest in turning research into systematic, rules-based equity portfolios.
Requirements
- Bachelor's degree, preferably in a quantitative or financial discipline.
- At least 4 years of investment industry experience.
- Demonstrated ability to communicate complex quantitative and investment concepts effectively.
- Working knowledge of probability and statistics, matrix algebra, and mean-variance optimization.
- Experience with equities and equity factor models.
- Experience with FactSet, Bloomberg, or Refinitiv/Eikon.
- Advanced Excel knowledge, preferably including VBA.
Nice To Haves
- Master's degree or CFA; may be considered in lieu of equivalent experience.
- Experience with performance attribution and risk decomposition.
- Programming experience in Python or R, preferably both.
- Experience with GitHub or similar source code management tools.
- Snowflake experience and experience writing SQL queries.
- High initiative, attention to detail, and a strong sense of urgency.
- Excellent communication and strong analytical writing ability.
- Strong organizational and prioritization skills to meet deadlines.
Responsibilities
- Work with senior team members to answer complex investment questions.
- Contribute to the development of proprietary investment strategies and client-directed mandates, and maintain related documentation.
- Prepare ad hoc analysis, including performance attributions, risk decompositions, and back-tests, with limited oversight.
- Help maintain and enhance proprietary investment strategies and client-directed mandates, and coordinate across the firm to keep stakeholders aligned.
- Contribute research for internal briefs, white papers, and journal articles to demonstrate thought leadership in investment areas of focus.
- Support direct sales and client service activities by providing research and analysis.
- Generate data and analytics for Investment Committee meetings and Marketing content.
- Use and contribute to internal Python and R libraries that support business activities.
- Uphold the department's reputation through professionalism, accuracy, and responsiveness.
- Participate in process improvement and technology development efforts.
- Develop and maintain specialized knowledge of relevant Parametric products.
- Assume other responsibilities as required.
Benefits
- Medical insurance
- Prescription drug coverage
- Dental insurance
- Vision insurance
- Health Savings Account
- Dependent Day Care Savings Account
- Life insurance
- Disability and other insurance plans
- Paid time off, including sick leave consistent with state and local law
- Parental leave
- 20 vacation days annually
- 10 paid holidays
- 401(k)
- Short- and long-term disability
- Other employee perks
- Potential eligibility for annual discretionary incentive compensation and business-unit incentive compensation, which may include a discretionary bonus
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
