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Quantitative Equities Research Associate

Bridgewater Associates
Quantitative Equities Research Associate
Connecticut, US
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Job Description

About Bridgewater

Bridgewater Associates is a premier asset management firm, focused on delivering unique insight and partnership for the most sophisticated global institutional investors.

Our investment process is driven by a tireless pursuit to understand how the world’s markets and economies work — using cutting-edge technology to validate and execute on timeless and universal investment principles. Founded in 1975, we are a community of independent thinkers who share a commitment for excellence. By fostering a culture of openness, transparency, and inclusion, we strive to unlock the most complex questions in investment strategy, management, and corporate culture.

Explore more information about Bridgewater on our website here.

Our Culture

Bridgewater’s unique success is the direct result of our unique way of being. We want an idea meritocracy in which meaningful work and meaningful relationships are pursued through radical truth and radical transparency. We require people to be extremely open, air disagreements, test each other’s logic, and view discovering mistakes and weaknesses as a good thing that leads to improvement and innovation. It is by continually striving together for the highest levels of truth and excellence that we create meaningful work and meaningful relationships. Within this culture, Diversity and Inclusion is a top priority because it is essential to finding the best talent in the world, enabling our idea meritocracy, and creating an environment where all types of people can thrive. We have a full-time team as well as affinity networks that work on these issues - If you would like to learn more, please let your Bridgewater recruiter know.

Explore more information about Bridgewater’s culture on our website here.

About the Research Department

Our mission is to understand how the world works — building and compounding our understanding of the timeless cause-and-effect relationships that move global economies and markets. With curiosity, cutting-edge technology, and deep sets of data, we build frameworks and analytical models that explain everything from long-term debt cycles to currency devaluations; and we use that compounded understanding to create the investment strategies that drive Bridgewater.

About the Team

The Equity Research team is starting a multiyear journey to explore on a more granular level what drives economies and equity markets. The team offers a unique opportunity to be in early-stage research at a large and established fund as well as join an entrepreneurial environment, shape the business, and drive impact.

About Your Role

The Quantitative Equities Research Associate will work closely with equity portfolio managers and key equity investors building our fundamental and systematic investment strategies. You will focus on the development, implementation, and oversight of our equities risk models and incorporation into our portfolio construction processes across equity strategies. You will be a part of a growing team developing and building the next generation of equities risk understanding and portfolio construction, and will have immediate impact on our equities trading strategies.

You will drive the following responsibilities:

  • Develop, implement, and oversee equities risk models, and monitor improvement across a variety of equity strategies
  • Work closely with portfolio managers and key investors to understand and improve incorporation of risk metrics into portfolio construction processes
  • Build and develop team and vision across leadership opportunities
  • Stay informed on latest developments and research on new risk models and methodologies

We are looking for candidates with the following minimum qualifications:

  • Degree in mathematics, physical sciences, engineering, or computer science
  • 2-5 years of experience in quantitative risk or equities trading, developing, overseeing, or improving risk models or portfolio construction techniques
  • Strong analytical skills
  • Strong mathematical and statistical modeling skills (i.e. highly dimensional time-series and cross-sectional datasets)
  • Proficiency in software development (e.g. Scala, Python, Slang)
  • Familiarity with portfolio construction analytics and some exposure to quantitative portfolio management

You will be a click for the role if you:

  • Have demonstrated interest experience deploying and overseeing changes to quantitative risk models
  • Have an interest in developing understandable, performant, and effective portfolio construction logic
  • Have a desire to join a growing team with the potential for growing impact across equity strategies
  • Have excellent communication skills and strong interpersonal skills
  • Are intellectually curious, detail-oriented
  • Are a flexible, resilient team player with a positive attitude

Interested in learning more about working at Bridgewater? Hear about the experiences of our employees [here]( bridgewater/the-bridgewater-experience).

Physical Requirements

For most of our roles, Bridgewater offers remote flexibility, with most employees required to work from our Westport, CT office twice a week on Tuesdays and Wednesdays.

Why Choose Bridgewater?

It takes all types to make Bridgewater great. We seek a diverse group of innovative thinkers and push them to engage in rigorous and thoughtful inquiry. We develop people through an honest examination of their abilities and performance, enabling personal growth and professional development. We strive to provide you opportunities that will challenge you and unlock your potential.

Compensation Band:

  • The expected annual base salary for this position is $125,000-$225,000. The total compensation package includes variable compensation in the form of a discretionary target bonus.

One of our core priorities at Bridgewater is to enable our employees to build a great life and career, and we believe our benefits are an important extension of that philosophy. As such, currently Bridgewater offers a competitive suite of benefits including:

  • Health insurance with 100% premium covered and access to additional concierge medical services
  • 401(k) plan with generous employer match
  • Paid time off, including fully paid parental leave and a competitive PTO package
  • Workplace flexibility and access to back up childcare
  • Financial assistance for family building support, including adoption and egg freezing
  • Workplace wellness, including on-site gyms, free meals and healthy snacks, and meditation rooms
  • An engaged and active community that includes many company events, affinity networks, and extracurricular interest groups

For a full list of Bridgewater benefits, click here.

Bridgewater reserves the right to change its current benefits program at any time, in a manner that is consistent with applicable federal and state regulations.

This job description is not a contract and confers no contractual rights, privileges, or benefits on any applicant or potential applicant. Bridgewater has the right to change any and all terms of this job description, including, but not limited to, job responsibilities, qualifications and benefits. Nothing in this job description constitutes an offer or guarantee of employment. Please note that we do provide immigration sponsorship for this position.

Bridgewater Associates, LP is an Equal Opportunity Employer

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