Investment Science Associate

Company:  Wellington Insurance Group
Location: Boston
Closing Date: 26/10/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description

About UsWellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.About the RoleTHE COMPANYTracing our roots to 1928, Wellington Management Company, LLP is one of the world’s largest independent investment management firms. With approximately US$1 trillion in assets under management, we serve as a trusted adviser to institutional clients and mutual fund sponsors in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research, and have long-term views and interests aligned with those of our clients. Our global investment platform is comprised of 500 investment professionals across seven investment functions (Investment Boutiques, Investment Research, Hedge Fund Group, Private Investments, Sustainability, Investment Strategy, and Risk & Investment Science) in the Americas, EMEA, and APAC regions. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative, and inclusive culture because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.THE POSITIONThe world is full of fascinating questions. In this role, you will have the opportunity to research impactful questions about the future of companies, economies, financial markets, new technologies, and changing industries. You will use those insights to benefit thousands of retirees, savers and institutions who are counting on us to make prudent financial decisions on their behalf. Our work allows clients to fulfill their long-term financial goals – whether it’s a foundation seeking to fund cutting edge medical research or a retired teacher saving for their grandchild’s college tuition. As a member of our Risk and Investment Science function, you will implement creative research methods, access industry-leading data and experts, and collaborate with colleagues from around the world to achieve these insights on behalf of our clients.Specifically, we are seeking qualified candidates to join our Investment Science Associate (ISA) Program as part of the Global Risk & Analytics (GRA) team. GRA works with Wellington investors to improve investment outcomes and risk adjusted performance through quantitative approaches to risk measurement, security analytics, portfolio construction, risk oversight and engagement. As a select member of the Program, you will provide quantitative research to the firm’s talented community of investors, pursuing projects from research and prototyping, to validation and production. You will be immersed in complex data sets, faced with compelling investment challenges and encouraged to solve problems through the use of innovative techniques. Investment Science Associates will work with and learn from exceptional investment professionals through cross-platform, data driven projects and assignments. Ongoing training and development will be provided to further develop and hone your quantitative and fundamental skillset. In this role, you will be at the forefront of an exciting evolution for the firm, with dedicated focus and resources directed towards the expansion of our Investment Science function. Our campus programs are aimed at developing our next generation of talent; through the Investment Science Associate program you will play a pivotal role in this transformation, engaging in critical work that will directly impact our clients and the firm.RESPONSIBILITIESInvestment Science Associates will act as internal investment science consultants and research analysts to assist in evaluating and pursuing quantitative and data-oriented research projects. Through the use of innovative data sets and analytical methodologies, Investment Science Associates will conduct applied research to enhance the firm’s investment process.Examples of the nature of the work include:Completing complex analytical projects and statistical analyses across securities, asset classes and economic relationshipsWorking with portfolio managers and senior members of GRA to build basic portfolio construction paradigms, implement quantitative methodologies for portfolio construction, both on an ad-hoc basis, responding to real time requests from portfolio managers, and on a systematic basis, building scalable solutions for portfolio constructionWorking on pricing algorithms for derivatives, derivatives markets, and fixed income instruments.Working on econometric model for systemic factors and idiosyncratic volatility in public equity and fixed income markets.Researching quantitative models for investment skill, quality of investment opportunity sets, optimal resource allocation, and normative implications for portfolio construction.Prototyping user interfaces and data visualization tools to make such data readily accessible and interpretable.Assisting senior risk managers in GRA to make assessments of portfolio risk and develop actionable, complementary insights and constructive challenge for portfolio managers.Creating visualizations and dashboard views using various data setsResearching macroeconomic themes and factorsTHE PROGRAMThe ISA Program aims to engage curious scientific minds with meaningful quantitative work, while providing ongoing opportunities to further strengthen and diversify their quantitative investment skillset. You will work closely with investors across the organization to leverage quantitative techniques to drive positive impact on the investment results we generate for our clients.The duration of the Program is up to five years in length. Longer term, an Investment Science Associate career path during and after the five-year period is based upon individual skill, organizational needs, personal interest and future potential.Candidates that are successfully hired will join in on the Boston-based in-house training curriculum focused on developing accounting, financial statement analysis, and financial modeling skills, to complement quantitative training (e.g. quantitative asset pricing and investing, portfolio optimization, statistics, and data science, quantitative programming ), as well as providing broad exposure to our investors and investment landscape. Supplemental training will be provided on a continuous basis throughout each participant’s tenure in the Program along with mentorship from experienced investors and peers. In addition, participants are encouraged to pursue the CFA exam (covered through our Tuition Reimbursement benefit) to further their financial acumen.QUALIFICATIONSWe seek talented, dedicated candidate with an advanced degree (Masters or PhD level) in finance, econometrics, quantitative fields (math, statistics, physics, electrical engineering, operations research) that have demonstrated:Strong academic record with a rigorous course load and hands-on technical skills for prototyping and implementing, in code (e.g. Python, R, Spark, Java, C++/C#)Interest in applying computational methods to tackle challenging real-world problems within a domain in the asset management or closely related industryExperience working with probability, statistics, time-series and cross-sectional analysisExpertise with software frameworks supporting scientific computing, data management and mathematical optimization (e.g. R, Pandas, Matlab, etc)Effective communications skills, both written and oralStrong work ethicAbility to organize, manage, rotate priorities and prioritize time wellProven ability to collaborate effectively in a cross-functional teamAdditionally, we seek candidates who display the following characteristics:Ability to work independently on technical topics and form independent judgments based on technical mastery of the principles underlying their workCreative thinking and passion for using data to answer questionsAbility to integrate and synthesize relevant information, and test hypotheses using statistics and quantitative techniquesFocus on continuous improvementWillingness and ability to take risks and try new thingsStrategic and growth mindsetSelf-initiative and capable of taking responsibility for independent projects with limited supervisionIntellectual curiosity, humility, agility, and comfort with ambiguityAPPLICATION PROCESSThe size of the Program is intentionally kept small to ensure participants receive personalized attention. There is a competitive and rigorous interview process for each applicant. To be formally considered for the Investment Science Associate Program, qualified candidates should submit their resume and unofficial transcript through our career site. See Application Requirements for details. Please note that it is required that all documents be submitted in pdf format.1 ST ROUND PROCESSFirst round consists of a series of behavioral interviews with a campus recruiter and investment science business leaders.2 ND ROUND PROCESSSecond round consists of a panel of interviews with investors and business leaders to assess your skill set and aptitude.As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require accommodation to apply for one of our jobs, please email us at .Not sure you meet 100% of our qualifications? That’s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to r ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry. We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:USD 65,000 - 150,000This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.Base salary is only one component of Wellington’s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. We serve as a trusted adviser to clients in over 60 countries, visit our website to see our assets under management. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.For more information, please visit (

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