Location: New York,NY, USA
Job Title: Quantitative Methodologist
Location: New York, New York
Reporting To: Head of Research Operations
Job Description: The Quantitative Methodologist is a key member of Alger responsible for developing predictive models to process large amounts of data for statistical modeling that identify investment opportunities and trends. The position must work three (3) days of each workweek in New York, NY office; and may telecommute up to two (2) days of each workweek.
Duties and Responsibilities:
* Ensuring accuracy and applicability of statistical methods and procedures used to obtain data.
* Collecting data to describe, predict, or control variables of interest.
* Cleaning statistical data for analysis.
* Presenting data results to portfolio managers to inform decisions.
* Structuring data warehouse for storage of statistical data.
Qualifications:
* U.S. Master's degree in any quantitative discipline.
* 2 years' experience: building and maintaining mathematical models for financial valuation of investment assets; extrapolating market modeling and data analyses through mathematical techniques; creating in-house analysis and valuation tools based on primary and alternative data; and summarizing research results for portfolio managers through quantitative reports that identify potentially attractive stocks and risk.
Compensation: Annual Salary offered is $100,600, plus discretionary bonus and outstanding benefits
Working at Alger:
Alger is an entrepreneurial, privately owned firm that encourages and empowers its employees to be intellectually curious and continually improve. We seek individuals who can think independently yet work collaboratively, are motivated to be best in class, challenge the norm and have fun while doing it. Alger values its employees and rewards them accordingly.
Alger provides ample training (see below) to employees and encourages employees to grow in their roles. This culture of continuous improvement is reflected by the fact that many Alger employees have worked at the firm for 10, 15+ years.
We offer a comprehensive personal wellness program that provides resources to help you take charge of your physical well-being, encourage a healthy lifestyle and better manage health care costs. Alger also provides its employees with numerous ways to save and invest, including a comprehensive 401(k) with a generous employer match, financial planning tools, automatic investing plans and more. Underlying our financial wellness program is a strong educational platform.
We're focused on helping employees more easily manage their work and personal lives. Our life management programs include paid time off, sick leave, paid medical leave, paid parental leave, health club membership reimbursement program and helpful employee assistance programs.
To learn more about Alger, our philosophy and some of the people that drive our investment success please visit our Profiles in Success page HERE.
Alger is proud to be an E-Verify & Equal Opportunity Employer. It is Alger's policy to provide equal employment opportunity to all employees and applicants for employment. No qualified applicant or employee of Alger shall be discriminated against in employment on the basis of race, national origin, ancestry, religion, gender (including gender identity and gender expression), mental or physical disability, age, sex, sexual orientation, genetic information, military or veteran status, or any other status protected by law ( Protected Characteristic ). This Policy applies to all terms, conditions, and privileges of employment, including but not limited to, hiring, compensation, benefits, promotion, and termination.
Note: This job description should not be construed to imply that these requirements are the exclusive standards of the position. Incumbents will follow any other instructions, and perform any other related duties, as may be required. The employer has the right to revise this job description at any time. This job description is not to be construed as a contract for employment.
Website: www.alger.com
Fred Alger & Company, LLC is an Equal Opportunity Employer.