Quantitative Analyst, Asset Allocation Research

Do you long for your research to impact end clients? Are you thrilled by the idea of researching asset allocation models? Are you a strong team player who is looking forward to being part of a collaborative and high performing team? If so, the Investment Strategy Group is seeking an Investment Analyst to develop & enhance proprietary quantitative models, research portfolio construction topics and help create portfolio solutions.

The Investment Strategy Group (ISG) is a global team at Vanguard that researches and develops the firm’s investment philosophy and publishes thought leadership on various investment topics such as the economy, portfolio construction, retirement, investor behavior, indexing and active. The asset allocation research team within ISG, researches and publishes papers on various portfolio construction topics such as asset allocation methodologies, rebalancing, roles of assets in a portfolio, etc. The team also develops, enhances and maintains proprietary quantitative models of asset allocation and supports various internal business stakeholders on a variety of model portfolio and advice initiatives related to portfolio construction.

In this role you will:

Use your deep portfolio construction knowledge to produce impactful research on asset allocation.
Research, enhance and develop asset allocation models that apply expected return / risk simulations to determine asset allocation, asset location, and rebalancing strategies.
Research portfolio construction topics such as allocating to illiquid assets, tax efficient asset allocation, rebalancing strategies, and roles of various assets in a portfolio.
Participate and engage in publishing journal papers and research whitepaper.
Work with business stakeholders to deliver portfolio construction solutions or capabilities.

Qualifications:

Strong knowledge of asset allocation methodologies and investment concepts
Undergraduate degree in a quantitative discipline or equivalent combination of training and experience required. Graduate degree and / or CFA preferred.
Five years related work experience, including four years investment management experience. Experience with investment research preferred.
Proficiency in programming languages such as Python, MATLAB, R, etc

About Vanguard

We are Vanguard. Together, we’re changing the way the world invests.

For us, investing doesn’t just end in value. It starts with values. Because when you invest with courage, when you invest with clarity, and when you invest with care, you can get so much more in return. We invest with purpose – and that’s how we’ve become a global market leader. Here, we grow by doing the right thing for the people we serve. And so can you.

We want to make success accessible to everyone. This is our opportunity. Let’s make it count.

Inclusion Statement

Vanguard’s continued commitment to diversity and inclusion is firmly rooted in our culture. Every decision we make to best serve our clients, crew (internally employees are referred to as crew), and communities is guided by one simple statement: “Do the right thing.”

We believe that a critical aspect of doing the right thing requires building diverse, inclusive, and highly effective teams of individuals who are as unique as the clients they serve. We empower our crew to contribute their distinct strengths to achieving Vanguard’s core purpose through our values.

When all crew members feel valued and included, our ability to collaborate and innovate is amplified, and we are united in delivering on Vanguard's core purpose.

Our core purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success.

Future of Work

During the pandemic, we transitioned to a work from home model for the majority of our crew and we continue to interview, hire, and on-board future crew remotely.

As we have developed the path forward, we have taken a thoughtful approach that both maximizes the advantages of working remotely and the many benefits of coming together and collaborating in a shared workspace. We believe that in-person interactions among our crew are important for preserving our unique culture and advantageous for the personal development of our crew.

When our Crew return to the office, many will work in our hybrid model. A smaller proportion of our crew will operate in the Work from Home work model (for example, field sales crew); or in the Work from Office model (for example, portfolio managers).

The working model that your role falls into will be communicated to you in the interview process – please do ask if you are unsure. We encourage you to make the decision regarding your job interview and offer knowing which model your role will fall into. We will test and learn as our ways of working evolve and will continue to evaluate working models along the way.