T. Rowe Price Quantitative Analyst - Asset Allocation in Baltimore, Maryland
Our mission as a leading investment management firm is to help our clients achieve their long-term financial goals. We believe our associates are the key to this mission and we are always looking for talented individuals who share our commitment to our client’s success.If you’re looking for challenging work experiences and the ability to learn in a collaborative culture, we invite you to explore the opportunities available at T. Rowe Price.
PRIMARY PURPOSE OF THE POSITION
The Quantitative Analysts in the Research Group support the overall Asset Allocation group through rigorous financial and quantitative/statistical analysis at the asset class level, covering the areas of strategic and tactical asset allocation, financial planning research, data/infrastructure, and product design. Most of the group’s efforts are R&D oriented and project based in nature, requiring the Quantitative Analysts to be generalists who can straddle the different areas of asset allocation research, and to be comfortable with varying degrees of computational rigor across different projects. For this position we are seeking an individual with some relevant prior experience, who can operate independently and take on relatively more senior roles in our various projects.
Independently, or in collaboration with other analysts, under the guidance of the Director or Associate Director of Asset Allocation Research, execute asset allocation research projects that have been identified to meet the investment needs of the broader Asset Allocation Group:
Identify the core issue and shape/design the project
Identify and absorb existing research on the subject (internal or external)
Identify (and procure) the most appropriate method/tool/dataset to address the issue
Execute the research
Communicate results to key stakeholders
Liaise with internal stakeholders and/or participate in firm-wide efforts that involve asset allocation topics.
Execute operational duties, such as ongoing generation and maintenance of asset allocation related investment reports, data sets, or analytical infrastructure.
Keep abreast of industry trends in the areas of asset allocation and quantitative financial techniques (e.g., reading applied academic literature)
Minimum of a bachelor’s degree in a quantitative discipline (e.g., Finance, Economics, Engineering, Math, Physics) with a strong Statistics background.
Graduate degree in a quantitative discipline (e.g., Finance, Economics, Engineering, Math, Physics) with a strong Statistics background preferred
Strong academic credentials and evidence of ability to independently deliver results.
Solid and broad understanding of financial markets across asset classes, supported by coursework and practical experience
Prior experience in asset management (2+ years)
Commitment to obtain a CFA charter
Experience conducting empirical financial research and working with large data sets
Substantial experience programming in Matlab, Splus/R, and SQL
Strong analytical and problem solving skills; willingness to learn new approaches to problem-solving
Ability to work independently as well as a part of a team
Well-developed oral and written communication skills (ability to gauge audience and to distill complicated analytical concepts down to the right level for various audiences)
Healthy tolerance for ambiguity and constructive attitude (ability to deliver on fuzzy objectives, and to tolerate mid-stream changes in project objectives or process)
Very pragmatic individual (able to appropriately apply varying levels of precision to different projects based on the nature of the project and surrounding circumstances)
Ability to multi-task and to simultaneously push forward several projects
More substantial experience (3+ years) applying quantitative analysis to topics involving asset allocation, such as tactical asset allocation and advanced portfolio construction techniques
Experience with “alternative” assets (such as hedge funds and private equity) in an asset allocation context
Experience in project management/project-based environments
T. Rowe Price is an Equal Opportunity EmployerT. Rowe Price is an asset management firm focused on delivering global investment management excellence and retirement services that investors can rely on–now, and over the long term.