Researcher (Fixed Income)

Dimensional•Austin, TX

1d•Onsite

About The Position

The Research department at Dimensional is integral both in the successful day-to-day functioning of the firm and in developing Dimensional’s long-term strategy. The team produces high-quality, thought-leadership research on investments and financial markets that is of interest to clients. The team also leads the development of the firm’s investment approach and the application of that approach through portfolio management and trading. Our team is seeking an PhD Researcher in Austin, Texas to help deliver these key services. Researchers are expected to produce high-quality, academically grounded research to support and enhance our investment strategies, improve our understanding of financial markets, and for client education. Research findings are shared through white papers and presentations at Dimensional seminars and conferences.

Requirements

PhD in a discipline such as finance, economics, mathematics, statistics, engineering, computer science, or similar disciplines.
0-3 years (Senior Researcher: 3-7 years) of relevant industry experience and excellent knowledge in quantitative finance.
Strong quantitative skills, extensive experience doing empirical research with large datasets, and a strong background in econometrics and statistics.
Proficiency in Python programming is required.
Excellent ability to communicate financial and economic concepts, in both oral and written form to a variety of different audience types.
Strong candidates will also have exceptional attention to detail, imagination, and creativity.

Nice To Haves

Other coding skills (R, Matlab, or SAS) are a plus.
Proficiency in database and query language (T-SQL) is highly considered.
Expertise in fixed-income research.
Experience in portfolio optimization, derivative pricing and machine learning is highly advantageous.

Responsibilities

Conduct rigorous empirical research related to portfolio structure and implementation, run historical simulations, perform regression, attribution and characteristics analysis, conduct econometric tests to evaluate the impact of different portfolio construction and implementation approaches on expected performance, costs, and diversification of our investment strategies.
Work closely with our investment and sales team to develop investment solutions that meet our clients’ needs, goals, and preferences in a reliable, cost effective, and transparent way.
Share our research findings through white papers and presentations at Dimensional seminars and conferences.
Participate in and contribute to internal research seminars.
Discuss Dimensional’s investment philosophy, process, and strategies with clients and prospects.
Review the latest advances in the academic work on asset pricing to support and enhance our investment strategies and for client education.
Researchers are responsible for independently completing research projects, from idea generation to paper publication or strategy implementation.