Lead Quantitative Investing Researcher
Lead Quantitative Investing Researcher
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$ 130000 - 165000
1 Vacancy
Job Description
About Betterment
Betterment is a leading technology-driven financial services company that offers investing and retirement solutions for retail investors and investment advisors as well as financial wellness solutions including a 401(k) for small and medium-sized businesses. Our team is passionate about our mission: making peoples lives better. Were headquartered in NYC and offer hybrid NY-based positions (three days/ week in-office).
About the role
Betterments Investing Team provides the domain expertise required to build all product solutions that deliver financial advice to its customers. Integrated closely with the Capital Markets Operations Product and Engineering teams we engage in rigorous R&D and iteration to create long-term value and efficiencies for our clients. As a Lead Quantitative Researcher you will primarily be responsible for executing the teams portfolio management and advice tool processes contributing to the development of our advice-driven algorithms verifying that were in compliance with existing regulations and contributing to financial market research and content creation as necessary. You will be reporting to a seasoned quantitative researcher on the Investing Team.
Were seeking someone with significant experience in both code development and quantitative investing. You should be analytically minded with a deep passion for making investing better combined with a strong attention to detail. To be successful in this role you will be curious resourceful and hands-on with a roll your sleeves up attitude toward getting your work done. You will be joining a team that cares deeply about the product doing the right thing and motivating others to always keep serving the customer top of mind. This role will also provide exposure to each of Betterments retail customer financial advisor and 401(k) plan sponsor lines of business.
This role is based out of our NYC office. Below weve reflected the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location experience and performance. The range listed is just one component of Betterments total compensation package for employees.
- New York City: $130000 - $165000
We offer a competitive equity package health dental and vision benefits life and AD&D short-term and long-term disability insurance EAP commuter and parking benefits FSA/HSA and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus.
A day in the life
- Iterate on the development of code for both Research & Development and Production environments
- Maintain internal analytic libraries and tools that impact our portfolio construction and advice infrastructure
- Own recurring workflows involving the updating and maintenance of portfolio allocations and assumptions driving our advice tools
- Assist with automating processes ongoing analyses and quality assurance processes
- Contribute to the researching prototyping reviewing and implementation of the quantitative methods that drive our client advice and trading execution algorithms.
- Build strategic and trusted relationships with our Capital Markets Product and Engineering teams to help bring investing products to life
- Interface with compliance and legal teams to help ensure appropriate governance and documentation of Betterment portfolio management and advice
- Answer client and internal stakeholder questions on Betterments approach to investing and our advice tools
- Support the team with writing researching and analyzing content on the performance of financial markets and the macroeconomy and how both have influenced returns of all Betterment investment portfolios
- Assist with the creation and improvement of portfolio-management-related materials for internal and external audiences including slides presented to the Betterment Executive Investment Committee Algorithm Governance Committee Crypto Investing Committee portfolio factsheets market insight publications and webinar presentations
What were looking for
- Prior experience in financial services
- Strong mathematical foundation with hands-on experience in quantitative and statistical techniques
- Experience writing production-quality scalable efficient code for reliable testing
- Strong knowledge of SQL and Python or R
- Experience with Git and Julia is advantageous
- Resourcefulness efficiency and ability to conduct independent research
- Clear and effective communication skills (both verbal and written)
What being at Betterment means for you
We change lives
Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact always laddering up to our mission: making peoples lives better.
We set audacious goals
We set them for the company our customers and ourselvesand we wont stop until we reach them. We dont just show up; we give our all then celebrate our wins.
We value all perspectives
When we collaborate were at our best. We believe diverse perspectives lead to better outcomes and strive to uphold our supportive and inclusive community.
We invest in you with:
- A competitive suite of benefits including: medical dental and vision insurance; life and AD&D insurance; STD and LTD benefits including infertility support and World Professional Association for Transgender Health approved benefits; and generous parental leave.
- Flexible paid time off (and encouragement to use it!)
- Meaningful opportunity for community building through our 7 Employee Resource Groups
- Empowerment to own and lead change and affect the business
- Dedicated professional development opportunities
- Lunch from our in-house chef three days a week at our NYC headquarters
What happens next
Well take a few weeks to review all applications. If wed like to spend more time with you well reach out to arrange next steps which will include 3-4 sets of meetings with your future colleagues.
In the interview process well look to learn more about your skills experiences capabilities and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment. Depending on the role we may ask you to complete a case study exercise or technical assessments as we want to collect a robust set of data points to better inform our decisions.
On average it takes us around 3-5 weeks to make a hiring decision depending on your availability and sense of urgency. As a best practice we aim to interview at least 2-3 final round candidates before making a hiring decision. Please note that as we usually receive an overwhelming number of applications for open positions were unable to offer individual feedback during the interview process.
We recognize that interviewing for a new role is a big deal. We appreciate you considering Betterment as the next step in your career and our Recruiting Team is here to support and advocate for you through the interview process!
Betterment is dedicated to providing accommodations to candidates upon request. If you need accommodations at any point throughout the interview process please reach out to your recruiter.
Please note that in any materials you submit you mayredactor remove age-identifying information such as age date of birth or dates of school attendance or graduation. You will not be penalized forredactingor removing this information.
Come join us!
Were an equal opportunity employer and comply with all applicable federal state and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees applicants or any other covered persons because of race color religion creed national origin or ancestry ethnicity sex gender (including gender nonconformity and status as a transgender or transsexual individual) sexual orientation marital status age physical or mental disability citizenship past current or prospective service in the uniformed services predisposing genetic characteristic domestic violence victim status arrest records or any other characteristic protected under applicable federal state or local law.
E-Verify Statement
Betterment participates in E-Verify. We will provide the Social Security Administration and if necessary the Department of Homeland Security with information from each new employees Form I-9 to confirm work authorization. Please note that we do not use this information to pre-screen job applicants.
E-Verify Notice
E-Verify Notice (Spanish)
Right to Work Notice
Right to Work Notice (Spanish)
CPRA Language - CA Applicants ONLY
We collect and store personal information for the purposes of candidate tracking (for this role and future opportunities). The information you provide in the course of completing your application will be kept for up to 24 months. We use tools provided by third-party service providers but do not share candidate information for any purpose other than for recruiting. To access the data that is collected request deletion or to make updates to your candidate profile please email .
Employment Type
Full Time
