Quantitative Research Associate
Job Location:
Austin, TX - USA
Monthly Salary:
Posted on:
Vacancies:
Job Summary
Requisition ID: req1394
Employment Type: Unclassified Regular Full-Time (URF)
Division: Quantitative Equity Group
Compensation:Depends on Qualifications
Job Closing: 8/26/2026
Location: TRS Headquarters Building 2
1900 Aldrich Street
Austin Texas 78723
United States
WHO WE ARE:
With the Investment Management Division (IMD) you will be joining a diverse group of achievers who celebrate the unique value individuals bring to support our shared cause: earning trust and contributing to the financial future of 2 million public education employees and retirees throughout Texas.
Navigating the current market environment takes innovation and were passionate about stewarding the right investments to make an impact both in the lives of our members and all Texans. We invite you to partner with the best financial minds in the business to manage a global portfolio of over $200 billion in public and private investments. Our success starts with you.
The Quantitative Research team within the Quantitative Equity Group (QEG) conducts deep research with the goal of enhancing and innovating across the internal systematic investment platform within the Investment Management Division of TRS. The team is seeking a Quantitative Research Associate with strong research programming and finance fundamentals to contribute across the investment lifecyclefrom research ideation and implementation to portfolio construction and investment-system infrastructure.
This role requires strong statistical foundations and advanced Python programming skills with a demonstrated ability to deliver research in a production environment. Demonstrated interest or experience in quantitative and/or fundamental investment strategies is preferred. The successful candidate will partner with senior researchers portfolio managers and software engineers to enhance production investment systems and to advance the firms alpha risk and implementation frameworks.
This role offers an opportunity to have a direct impact on approximately $13 billion invested in QEGs quantitative equity beta-one active extension strategies and more broadly on approximately $50 billion in investment exposure managed by QEG.
WHAT YOU WILL DO:
Research & Development
Researches and develops enhancements to systematic investment processes across the pipeline including alpha generation signal construction/combination risk modeling portfolio optimization transaction cost modeling and implementation.
Builds Python-based tools and workflows to access clean and analyze data at scale.
Integrates machine learning (ML) algorithms and large language models (LLMs) into the quantitative investment process.
Presents research methods results and recommendations to senior researchers and leadership; addresses questions and defends conclusions with data analysis and mathematical formulation.
Partners with portfolio managers and software engineers to deliver end-to-end research and production improvements.
Portfolio Management
Contributes to the teams Python-based research and production codebases.
Develops proficiency in the teams Python-based codebases including its architecture data flows and core investment logic.
Maintains debugs and enhances the codebases to support evolving investment and operational requirements.
Partners with software engineers to ensure production systems are robust scalable and transparent with appropriate monitoring and controls.
Incorporates market and liquidity insights into portfolio implementation decisions and risk-aware adjustments.
WHAT YOU WILL BRING:
Required Education
Bachelors degree from an accredited college or university in a quantitative field such as mathematics statistics computer science engineering physics economics finance or an equivalent quantitative discipline demonstrating the ability to conduct original doctoral-level quantitative research including advanced statistical modeling machine learning optimization and empirical research design.
A Masters degree from an accredited college or university in mathematics statistics computer science engineering physics economics finance or a related field may substitute for two (2) years of the required experience.
A Doctorate (PhD) from an accredited college or university in mathematics statistics computer science engineering physics economics finance or a related field may substitute for five (5) years of the required experience.
Required Experience
Three (3) years of full-time directly related progressively responsible experience in a professional capacity conducting applied quant finance research or related experience.
Three (3) years of full-time directly related progressively responsible experience with Python or related experience.
Experience can be concurrent.
Required Registration Certification Licensure
None
Preferred Qualifications
A Doctorate (PhD) from an accredited college or university in a quantitative field such as mathematics statistics computer science engineering physics economics finance or a related field or expected completion of a PhD within the current calendar year.
Experience with or strong interest in financial markets quantitative investing and/or fundamental investing.
Knowledge of
Statistics/econometrics computer science/machine learning and advanced mathematical foundations (linear algebra calculus probability).
Quantitative software development including proficiency in Python (or a comparable language) and experience with version control and collaborative development (e.g. Git/GitHub).
Investment concepts terminology styles models strategies and fundamental factors.
Skill in
Searching evaluating and synthesizing large datasets; perform complex statistical analyses; and preparing concise reports and written and oral recommendations.
Planning organizing and prioritizing work to manage a high-volume workload in a fast-paced changing environment while delivering accurate detail-oriented results.
Communicate complex information clearly and accurately both verbally and in writing using sound judgment and appropriate discretion.
Leveraging LLM tools in day-to-day work to improve productivity.
Ability to
Collaborate effectively in an applied quantitative investment research environment.
Execute quantitative investment research projects from problem definition through implementation in partnership with senior investment professionals.
Military Occupational Specialty (MOS) Codes:
Veterans Reservists or Guardsmen with experience in the Military Occupational Specialty ( ) along with the minimum qualifications listed above may meet the minimum requirements and are highly encouraged to apply. Please contact Talent Acquisition at with questions or for additional information.
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Required Experience:
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