Recruiter at Franklin Templeton
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Franklin Templeton - Associate - Quantitative Equity Research (2-5 yrs)
Quantitative Equity Research - Research Associate
At Franklin Templeton, everything we do is focused on one thing - delivering better client outcomes. We do that by partnering closely with our clients, assessing their strategic needs, and identifying the solution or solutions that can meet the challenge. Over 12,000 employees working in 34 countries around the world are dedicated to servicing investment solutions for our clients in more than 160 countries. For more than 70 years our success has been a direct result of the talent, skills and persistence of our people, and we are looking for qualified candidates to join our team.
What is EME Quant group responsible for?
At Emerging Markets Equity (EME) we strongly believe that quantitative research can very well complement fundamental research and add overall value to the research. The need for quantitative research is ever growing and, on that note, EME plans to add more personnel to its Quantitative Research group.
The objective of the Quant group is to:
- Collaborate and contribute on new quantamental projects
- Leverage latest development in the field of AI/ML/NLP for the benefit of investment process
- Support the investment managers in improving risk-adjusted returns
- Provide thought-leadership on data & analytics across these areas
What is the Quantitative Research Associate responsible for?
The Quantitative Associate will be highly engaged with the research analysts & investment managers, collaborating with them across a range of projects involving:
- Investment idea generation, research, portfolio selection, portfolio construction, portfolio implementation, risk management, back-testing of rules-based investment and ML-based strategies, among other areas.
- This is a high impact role as the Quantitative Associate will be in a position to influence how our investors make investment decisions.
- In addition to the potential of having a direct impact on the investment performance of existing products, the Quantitative Associate will also participate in the potential creation of new investment products.
What are the ongoing responsibilities of Quantitative Research Associate?
- Independently conducting rigorous quantitative research to evaluate current approaches and develop new strategies for investment idea generation, stock selection, portfolio construction/management, portfolio implementation, and risk management with the ultimate goal of improving investor outcomes.
- Developing quantitatively-driven solutions that provide portfolio managers greater actionable insight in to the drivers of returns/risks in their portfolios
- Working closely with fundamental portfolio managers and analysts across the EME group to help them leverage insights from quantitative models, techniques, and solutions.
- Developing, refining, & back-testing rules-based or quantitative investment strategies.
- Developing and eventually enhancing the toolkit used to easily perform the above functions
- Communicating insights and analysis results to key stakeholders
- Keeping abreast of industry and academic research and identify new research ideas
- Formulate a plan to break down a high level directive or a project in to its constituent parts. Be able to use the scientific process to articulate an analysis plan
- Collect, filter, and verify data required for research, for example, fundamental financial valuation, factor exposures, expected risks, benchmark & portfolio weights, etc
- Write code in Python to analyze and extract insights from data that can be stringed together to form a coherent story about why an investment decision, action, or policy is optimal / sub-optimal
- Leverage Natural Language Processing to extract insights from textual dataset
Interpret and analyze the analysis results with a critical mind considering all possible reasons for why the conclusions of the analysis may be flawed or incorrect (biases in data, incorrect assumptions, mishandling of data, treatment of outliers and missing data, etc.)
- Communicate the results or insights extracted from an analysis project as well as be able to defend why the analysis approach/results make sense and what the associated tradeoffs are.
What ideal qualifications, skills & experience would help someone to be successful?
- Bachelor's or Master's degree (preferred) in a quantitative discipline like Statistics, Applied Math, Computer Science, or Engineering from a top-tier institution (such as an IIT).
- Out of the box thinkers with proven track record of exceptional performance & relevant work experience graduating from other institutions will also be considered.
- Ideal candidate has 2-5 years of experience in a quantitative investment management firm, asset manager, or index provider doing quantitative research and/or product back-testing
- Understanding of quantitative investment process / factor investing highly desirable
- Familiarity with FactSet, Bloomberg or Refinitiv would be a strong plus
- Strong understanding of equity markets, including drivers of return, risk control, and portfolio construction techniques desirable
- Familiarity with modern portfolio theory a plus.
- Experience with machine learning (in particular xgboost, neural networks), statistical hypothesis testing, natural language processing and data mining methods is a strong plus
- Strong understanding of object-oriented programming and programming proficiency in Python/R and SQL are essential.
- Experience with sklearn package would be a plus
- CFA desirable although not required
What makes Franklin Templeton Investments unique?
In addition to the dynamic and professional environment at Franklin Templeton, we strive to ensure that our employees have access to a competitive and valuable set of Total Rewards-the mix of both monetary and non-monetary rewards provided to you in recognition for your time, talents, efforts, and results.
Highlights of our benefits include:
- Professional development growth opportunities through in-house classes and over 150 Web-based training courses
- An educational assistance program to financially help employees seeking continuing education
- Medical, Life and Personal Accident Insurance benefit for employees. Medical insurance also cover employee's dependents (spouses, children and dependent parents)
- Life insurance for protection of employees' families
- Personal accident insurance for protection of employees and their families
- Personal loan assistance
- Employee Stock Investment Plan (ESIP)
Franklin Templeton Investments is an Equal Opportunity Employer. We invite you to visit us at http://www.franklintempletoncareers.com/ to learn more about our company and our career opportunities.