Jobs: Researchers & Portfolios Managers

Researchers & Portfolios Managers

San Francisco, CA

Barclays Global Investors (BGI) is America's largest money manager, providing structured investment strategies such as indexing, risk-controlled active products, and exchange traded funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas, applying science and technology to the investment process. Headquartered in San Francisco and named one of the SF Business Times' ''Best Places to Work in the Bay Area 2007, '' the Barclays PLC subsidiary employs over 3,500 people globally and manages $2 trillion in assets.

The following groups are hiring Researchers and Portfolio Managers:

Fixed Income
Active Equity
Global Market Strategies Group
Global Index Markets Group
Emerging Markets
Strategic Solutions Group
International Active Equity

The investment teams are a mix of researchers and portfolio managers sharing their passion for empirical finance. Their numbers include former academics and PhDs in finance, economics, and other quantitative disciplines. This provides a vibrant environment for productive research and a collegiate atmosphere suitable for cross fertilization of ideas between individuals and across groups within the firm. The role requires staying in touch with state of the art developments in financial research by attending various academic and practitioner conferences.

Responsibilities

Combine fundamental analysis skills and investment insight with disciplined quantitative modeling skills to support the continuing development of the strategies.

Contribute investment ideas – drivers of asset returns, optimal portfolio construction, efficient acquisition of market exposure.

Daily fund management responsibilities, including: portfolio re-balancing, submitting trade lists, performance attribution, regular performance commentaries, and daily monitoring of portfolio positions.
Regular evaluation of portfolio construction design including backtesting as well as transaction cost and risk model evaluation.
Regular evaluation of signal and model performance as well as portfolio management decision performance.

Qualifications

Ph.D. in Finance, Economics, Accounting, or a quantitative discipline strongly preferred.

Strong quantitative finance background, including familiarity with modeling techniques, portfolio construction methodology as well as forecasting and statistical analysis methodology.
Experience and demonstrated skill in fundamental analysis and financial statement analysis.
Basic programming skills (i.e. Java or C++) as well as familiarity with statistical analysis software (i.e. SAS, Matlab, Splus) in order to handle the analysis of large data sets.

Please upload a Word or PDF resume to the following URL:

https://barclays.recruitmax.com/main/careerportal/candidate_update.cfm?szOrderID=3100

Research Officer, Alpha Management Group

London/San Francisco

Barclays Global Investors (BGI) is America's largest money manager, providing structured investment strategies such as indexing, risk-controlled active products, and exchange traded funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas, applying science and technology to the investment process. The Barclays PLC subsidiary employs over 3,500 people globally and manages $2 trillion in assets.

Overview

BGI’s Alpha Management Group (AMG) is responsible for the construction, support, and maintenance of its fund of hedge funds products. The group supports the BGI Multi-Strategy Fund which is a fund of internally managed hedge funds as well as the AlpEx Products, a fund of externally managed hedge funds.

The core responsibility of this role is focused on the research and development of the external fund of hedge funds products, while providing general support to the rest of the business. The role spans research, data management, and data infrastructure functions. The balance between these areas adjusts according to business needs.

Responsibilities

Establishment and execution of research agenda.
Analysis of fund return series and identification of alpha.
Support and maintenance of multi-factor risk models.
Reconciliation and quality assurance of cross-sectional and time-series data.
Identification of development requirements in an IT-owned data warehouse and the specification of solutions.
Construction and development of a research environment and tools.
Portfolio optimization and back-testing.
Investigation of research ideas to improve product quality and guide investment decisions.
Thought leadership and business support such as writing white papers and supporting product collateral.

Qualifications

Advanced Degree in a relevant quantitative subject.
Proven experience in a similar quantitative role.
Familiarity with a statistical software package (i.e. SAS, Matlab, or Splus) or a programming language (i.e. C++ or Java) and Unix, Unix Scripting, or Linux Scripting (i.e. C-Shell or Perl).
Experience working with large datasets and statistical analysis.
Ability to carefully implement BGI’s quantitative approach and tools to fund performance analysis and attribution.
Attention to, and an eye for, detail.
Sufficient flexibility to undertake all quantitative parts of the investment research process from data receipt and manipulation through to investment decision making.
Ability to find constructive solutions to computational problems.
Enthusiasm and willingness to adapt to the needs of a growing business.
Ability to constructively communicate with peers and colleagues (investment, portfolio management, client-facing, IT…).
Knowledge of concepts and applications of Modern Portfolio Theory (i.e. risk-return analysis, performance attribution and portfolio optimization) and multi-factor risk modeling (i.e. MSCI/BARRA, Northfield, Wilshire, Axioma, or similar) is a plus.
Familiarity with market information tools (e.g. Bloomberg, Reuters, IDC, DataStream), financial accounting, and financial instruments and markets from an index/data perspective is a plus.

To apply, use this URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=2940

Senior Business Strategist, BGI Labs

BGI New Ventures Group

San Francisco, CA

Overview

BGI Labs is an entrepreneurial team tasked with commercializing strategic initiatives on behalf of BGI.

The Senior Business Strategist will be responsible for managing both the business and functional components of multi-disciplinary commercialization projects. This will include product structuring, business development, go-to-market strategies and recruiting of specialist teams. The successful candidate will be required to interface with many divisions within BGI across region, product and channel, as well as external partners and clients. He/she will report to the Head of the BGI New Ventures Group.

Responsibilities

Build a partnership with Corporate Strategy to determine the business case and game-plan for new strategic initiatives.
Partner and collaborate with BGI's Operating Teams to productize each strategic initiative subject to the business case parameters. This includes the required:

fund structures
legal entities
investment processes
technology platforms
risk controls
management reporting frameworks

Hire and build specialist teams to manage the initiative once “live”.
Devise and develop go-to-market strategy with relevant channel partners.
Develop strategic relationships with investment banks and other industry partners.

Qualifications

Minimum 3-years exposure to both BGI clients and products.
Minimum 7-years experience in the investment management industry.
Senior-level product management or strategy background required.
Proven track record managing cross-functional projects.
MBA/CFA preferred.
Familiarity with BGI’s investment process and clients.
Must thrive in an entrepreneurial environment.
Strong attention to detail, with an emphasis on execution quality.
Ability to credibly represent BGI in the investment banking community.

To apply, upload a Word or PDF resume to the following URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=2657

CMO Portfolio Manager/Trader

San Francisco, CA

Overview

The CMO Portfolio Manager/Trader will be a member of Mortgage Investment Team responsible for generating superior performance in MBS portfolios. This person will be responsible for trading securities and developing long/short recommendations in the prime MBS market (including agency and non-agency credit), focusing on CMOs and mortgage derivatives.

Responsibilities

Actively manage and enhance return in mortgage portfolios in collaboration with other members of the mortgage investment team.
Conduct trading and identify relative value opportunities across agency and non-agency structured MBS sectors including pass-throughs, PACs, sequentials, IOs and POs (both trusts and structured), inverses, floaters, and more esoteric derivative structures.
Work with research to develop and improve existing signals of mortgage models – specifically those involving CMOs and mortgage derivatives.
Ensure cash allocated for long-term investment achieves targeted objectives and recommend hedges as needed.
Support the balance of the mortgage team and become an integral part of alpha generation for our active MBS strategies.

Qualifications

At least 5 years of experience in the MBS sector, with an emphasis on trading and portfolio management preferred.
Strong risk management skills, focusing on convexity risk (for agency securities) plus credit risk (for non-agencies). This includes mastery of analytic tools to manage idiosyncratic, systematic, and interest rate risks.
Strong quantitative skills with a willingness to adopt the BGI’s research framework.
Ability to prioritize multiple demands in a fast-paced, intellectually demanding work environment.
Solid understanding of asset classes outside of the mortgage sector.
MBA/CFA or higher degree preferred.

To apply, upload a Word or PDF resume to the following URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=3535

Strategist, Strategic Solutions Group

San Francisco, CA

Overview

We currently seek a Strategist for the Strategic Solutions Group in San Francisco. He/she will be involved in the development and implementation of new solutions oriented products and services which SSG is rolling out over the coming years as this recently formed group expands to take advantage of increasing client demand.

The successful candidate will be responsible for helping to shape SSG’s investment content with a view to commercializing and developing the Strategic Solutions Group product set and market presence. This will involve working closely with our research teams, other strategists, portfolio managers as well as sales teams to create and deliver client solutions using the full range of BGI’s existing products.

Responsibilities

Work broadly across BGI products is essential, including:

Liability hedging
- BGI’s Synthetic US Fixed Rate Funds incorporating interest rate swaps
Beta strategies
- equities (developed, emerging, private)
- credit (investment grade, high yield, emerging, structured)
- commodities
- REITS & property
- optimal beta strategies
Alpha strategies
- long-short and market neutral equity
- global fixed income
- currency and global market strategies
- multi-strategy funds
- external fund of hedge fund strategies

Assist in developing scalable solutions for specific market segments and working with relevant product, channel, and support groups as necessary. This will include:

Development of a solution-based framework leveraging SSG Research and Analytics group.
Ensuring products are positioned to maximize their commercial impact.
Development of new products.
Partnering with clients and prospects through offering advisory services and thought leadership.
Liaison with other BGI offices on product opportunities.

Develop familiarity with Strategic Solutions capabilities and BGI offerings

In-depth knowledge of BGI’s strategic solutions capability suite including the ability to develop client-focused solutions using a combination of liability hedging funds, alpha, and beta products.
Thorough understanding of investment underpinning of indexed & active equity, fixed income, and hedge fund products in addition to focus on practical implementation issues.
Knowledge of BGI transactional services and offerings such as transitions, iShares, brokerage, cash and stock lending.
A strong appreciation of the reporting, administrative, and support area activities as part of the overall service model to clients.

Channel Sales Support

Work closely with sales channel personnel selling and commercializing the SSG product offerings.
Build up relationships with consultants, plan sponsors and managers to understand their objectives and concerns to ensure BGI products & solutions are positioned appropriately to meet their needs.
As necessary, provide sales force education to maintain highest standard of product promotion and representation.
As necessary, be prepared to travel in support of sales and marketing activities.

Marketing

Work with SSG globally to ensure external marketing messages and thought leadership materials are coordinated, written on a regular basis, and gain effective distribution.

Product Development

Work from a framework of understanding the investors’ problem and building solutions to that problem.
Review and develop product range to best balance business efficiency and commercial success.
Work with asset allocation and product teams to ensure that scalable pooled solutions can access the broadest range of BGI underlying strategies.

Market analysis and feedback

Proactively gather and synthesize feedback from market and sales force to enable ongoing understanding of market place dynamics and evolution of sales approach, positioning and new product/ solutions requirements, familiarity with the competition.
In coordination with the sales teams, maintain sales records and pertinent information for won and lost business.
Coordinate strategic solutions activity with other BGI offices.

Qualifications

Bachelors, Masters, or PhD in a quantitative subject (math, statistics, economics, finance).
CFA, Actuarial or similar professional qualification.
5+ years experience in a relevant role (e.g. actuarial, investment consultant, ALM strategist, investment strategist, plan manager).
Strong multi-asset class knowledge.
Knowledge of portfolio theory, optimization and risk analysis.
Strong presentation skills.
Good communication skills with the ability to describe complex concepts in simple terms.
Ability to develop strong relationships both internally and with clients/prospects.
Awareness of pension fund accounting, ALM techniques and actuarial techniques.
Familiarity with derivatives instruments.
Good knowledge of Bloomberg and MS Office applications.
Emphasis on teamwork and collaboration across a variety of stakeholders.
Strong level of self direction and ownership.
Results oriented.

To apply, upload a Word or PDF resume to the following URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=3257

Fixed Income Research Officer, Global Market Strategies Group

San Francisco or London

Overview

BGI's Global Advanced Active group (GAA) manages active investment strategies for institutional clients globally. Within GAA, Global Market Strategies Group (GMSG) is responsible for developing new alpha opportunities across global markets and asset classes through the use of rigorous quantitative methods. Our researchers are among the world’s foremost experts in currency, bond, equity, and commodity markets. We share a passion for turning innovative investment ideas into superior returns for our clients.

We are actively looking for a Fixed Income Research Officer who will be able to contribute investment insights as part of a global team. Based in San Francisco or London, this person would be reporting to the Head of Fixed Income Research in GMSG.

Responsibilities

Perform quantitative investment research on international fixed income markets. This includes developing investment strategies related to global rates and credit markets with an emphasis on market positioning.
Ability to work with firm-wide Portfolio Management and Trading teams to ensure effective implementation of investment strategies.

Requirements

Advanced training in finance and fixed-income modeling techniques, including understanding of term-structure models and credit pricing models.
Familiarity with global interest rate and credit markets including instruments, pricing, participants, and portfolio construction issues.
Strong quantitative and computer skills, with an ability to apply research knowledge in a practical context.
Must be able to work in teams and communicate effectively.
Self-motivated idea generator with strong work ethic.
Passion for money management.
Strong background in relevant field (Economics/Finance/Statistics) with track record of delivering high-quality research output.

To apply, upload a Word or PDF resume to the following URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=3251

-----------------

Research Head

San Francisco, CA

Barclays Global Investors (BGI) is America's largest money manager, providing investment strategies such as indexing, risk-controlled active products, hedge funds, and exchange traded funds to investors worldwide. For 35 years, BGI has been at the forefront of developing innovative investment ideas and applying science and technology to the investment process. Headquartered in San Francisco and named one of the SF Business Times' "Best Places to Work in the Bay Area 2007, "the Barclays PLC subsidiary employs over 3,500 people globally and manages $2.0 trillion in assets.

BGI is the world’s leader in scientific-based investing. Our research process begins with economically sound hypotheses, which we then test with empirical data. The scientific approach takes the best insights into the workings of financial markets and marries it with the best in process and information management. The result is a robust process that broadly and systematically applies those insights to generate consistent superior performance.

We are well aware of the challenges in capturing the spirit as well as the letter of our insights within a quantitative process. Successful investing is not mechanical. We use our experience to constantly improve our investment process and assure that it is implemented as intended.

Overview

BGI’s Strategic Solutions Group (SSG) takes the best of what BGI has and develops any missing components to help solve the investors’ problem. SSG steps more deeply into the investment problem space to provide complete investment solutions that best manage the portfolio of assets and liabilities. This is evidenced in our Liability-Driven Investing (LDI) solutions, combining liability-hedging products and return-enhancing products into solutions that offer varying return and risk characteristics relative to underlying liabilities. One key piece in this solution is our Market Advantage product, which seeks the most efficient combination of systematic risk exposures, leverage, and structuring to deliver an extremely attractive unconditional return.

We are seeking a Head of Research with the insight, talent, drive, and motivation to help us develop and improve BGI’s Strategic Solutions products as well as manage and build out the research team. The successful candidate is passionately interested in investing and economics, and thinks deeply about how assets are priced in markets as well as about the investment problem and its solution. This candidate has considerable experience and success applying economic ideas to fundamental investment problems. This candidate approaches all new ideas with an open mind and a reliance on the scientific research process. This candidate is a proven leader who can provide vision for a growing team within BGI.

Key Responsibilities

Oversee the SSG research group

Work with senior team members to establish and then drive the research agenda
Build and maintain an excellent research team
Deliver well thought out, thoroughly researched investment ideas in a timely fashion
Build risk models and estimate asset exposures to those risk factors

Present current research internally and externally
Communicate with other researchers to help BGI broadly achieve best practices
Challenge the current thinking and group direction

Requirements

Strong academic training, e.g. PhD in finance or economics, or a related field
Solid theoretical and empirical grounding in asset pricing and well versed in the academic literature on asset pricing
Substantial research experience with macroeconomic time-series and cross-sectional asset returns, as evidenced by successful contribution to the investment management process of a buy-side firm, or the strategic solutions group of a sell-side institution, or a track record of relevant academic research
Excellent quantitative skills, as evidenced by formal training in econometrics or statistics, and extensive experience in utilizing those skills in a research environment
Understand the macroeconomic factors relevant for modeling liabilities, and those associated with risk premia, both domestically and globally
Effective communication skills, both written and verbal. The successful candidate must have the confidence and credibility to persuasively interact with colleagues, management, and clients
Strong understanding of the use of computer technology in financial research, with strong programming skills
Strong understanding of data available for investment research and ability to ferret out relevant data
Passion for investing
Self-motivated
Strong interest in behavioral finance is a plus

To apply, use this URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=1863

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