Quantitative Analyst job at Ameriprise Financial in Boston, MA

Novaedge
US
HybridCareer-pivot friendly

Why this role

Pace
Fast Paced
The role requires a fast-paced environment, with the analyst needing to monitor and analyze factor and model performance regularly, providing insights within the firm and addressing inquiries from investment teams.
Collaboration
High
Collaboration is a cornerstone of this role, as the analyst will work closely with fundamental research analysts and portfolio managers to exchange ideas and broaden their expertise across various investment strategies.
Autonomy
High
While collaboration is key, the role also demands a high degree of autonomy, with the analyst responsible for developing new models and enhancing the team’s research infrastructure independently.
Decision Impact
Team
The analyst's work has a significant impact on investment strategies, as they are responsible for developing alpha models and refining portfolio construction methodologies that influence systematic and fundamental investment strategies.
Role Level
Individual Contributor
The role is complex, requiring a deep understanding of statistical modeling, econometric analysis, and machine learning approaches, as well as strong programming skills in languages like Python or R.
Career Pivot Friendly
Welcomes transferable skills
Individuals with a background in quantitative investment research or data analysis can easily transition into this role, leveraging their analytical and programming skills to contribute to the development of stock selection models.

Derived from job-description analysis by Serendipath's career intelligence engine.

What success looks like

  • Contribute to the development and maintenance of stock selection models
  • Enhance research and analytics platforms
  • Collaborate with fundamental research analysts and portfolio managers
  • Present research findings to key stakeholders
Typical background
Bachelor’s degree in Mathematics, Statistics, Finance, Economics, or related fieldMinimum 3 years of experience in quantitative investment researchExperience with statistical analysis and machine learning techniques

Transferable backgrounds

  • Coming from Quantitative Researcher at a hedge fund
    statistical modeling · data analysis
    The experience in developing and maintaining stock selection models and analyzing large datasets directly translates to the responsibilities of a Quantitative Analyst.
  • Coming from Data Scientist at a tech company
    machine learning · Python programming
    The ability to apply machine learning techniques and proficiency in Python for data analysis are highly relevant to the role's requirements.

Skills & requirements

Required

Statistical ModelingEconometric AnalysisMachine Learning ApproachesPythonRAdvanced Analytical And Quantitative Problem-solving SkillsExcellent Written And Verbal Communication Skills

Preferred

CFA Charterholder Or CandidateAdditional Programming Languages

Stack & domain

PythonRStatistical ModelingEconometric AnalysisMachine LearningData AnalysisCommunicationCollaborationAttention To DetailIntellectual CuriosityCFAFinanceInvestment

About the role

As a Quantitative Analyst at Ameriprise Financial, you'll spend your days developing and refining stock selection models, collaborating with fundamental research analysts, and presenting your findings to key stakeholders, making this role ideal for someone with a strong analytical background and a passion for financial markets.

Original posting from Novaedge

Title: Quantitative Analyst Location: 47006 Boston - 290 Congress St Hybrid Full time job requisition id R26_0822 Job Description: About Our Company Working at Columbia Threadneedle Investments you'll find growth and career opportunities across all of our businesses. We're intentionally built to help you succeed. Our reach is expansive with a Columbia Threadneedle Investments global team of 2,300 people working together. Our capability is diverse with more than 550 investment professionals sharing global perspectives across all major asset classes and markets. Our clients have access to a broad array of investment strategies, and we have the capability to create bespoke solutions matched to clients' specific requirements. Our unwavering focus on our clients and strong financial foundation connects each of our enterprise businesses — Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Job Description The Quantitative Equity Research team at Columbia Threadneedle Investments is seeking a Quantitative Analyst. The team develops and maintains a comprehensive suite of stock selection models that generate insights for both systematic and fundamental investment strategies. The analyst will research stock selection signals, develop alpha models, and refine portfolio construction methodologies. The role also involves enhancing the team's research and analytics platforms and sharing responsibility for implementing and maintaining quantitative models in production as well as developing new models. The analyst will collaborate with fundamental research analysts and portfolio managers across the organization to exchange ideas, communicate insights, and broaden their expertise across various investment strategies. Key Responsibilities Contribute to research projects through idea generation, data preparation, statistical analysis, and development of actionable recommendations Evaluate innovative techniques to extract tradable signals from large datasets Research and develop advanced model construction methodologies Enhance the team’s research infrastructure, production systems, and analytics capabilities Present research findings to key stakeholders and develop thought leadership content Monitor and analyze factor and model performance, and providing regular insights within the firm Perform due diligence on model output, and address inquiries from investment teams Required Qualifications Bachelor’s degree in a Mathematics, Statistics, Finance, Economics, or related field Minimum 3 years of experience in quantitative investment research Bachelor’s degree in a Mathematics, Statistics, Finance, Economics, or related field Deep understanding of statistical modeling, econometric analysis, and machine learning approaches, with demonstrated ability to apply these techniques to investment problem Advanced analytical and quantitative problem-solving skills Strong programming skills with proficiency in Python, R, or similar data analysis languages Excellent written and verbal communication skills with ability to explain technical concepts effectively Demonstrated intellectual curiosity and passion for financial markets Keen attention to detail with track record of delivering accurate work within deadlines Collaborative mindset with proven ability to work effectively in a team environment Preferred Qualifications CFA charterholder or candidate preferred Visa Sponsorship Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN). In-Office Collaboration We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process. Base Pay Salary The estimated base salary for this role is $125,000- $140,000 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances. Full-Time/Part-Time Full time Exempt/Non-Exempt Exempt Job Family Group Investment Management Line of Business AMI

Source: Novaedge careers

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