Fixed Income – Quantitative Investment Analyst – Portfolio Construction (Project Management)
At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.
We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You'll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you'll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.
Join us for the opportunity to grow and make a difference in ways that matter to you.
Do you excel in quantitative portfolio optimization for bond funds? Have you consistently helped fixed-income fund managers create more efficient portfolios? Join T. Rowe Price—this role is for you!
Role Summary
The Quantitative Investment Analyst is an investment role within the Fixed Income division at T. Rowe Price. The role resides within the Fixed Income Quantitative Investments and Research (FI Quant) group, as part of the Portfolio Research Group. The Portfolio Research Group seeks to enhance portfolio risk-adjusted returns by applying quantitative methods to: (a) advise portfolio managers on position sizing and optimal combination of positions in portfolios; (b) advise portfolio managers on risks not immediately covered by standard models; (c) capitalize on long-term market inefficiencies and risk premia as well as capture value from shorter-term dislocations.
The team requires an experienced quantitative researcher to conduct analysis in applied portfolio construction. A successful candidate will frequently interact with Fixed Income portfolio managers and senior Fixed Income leadership to advocate for implementation of relevant ideas and methods in fixed income portfolios.
Responsibilities
- Conduct quantitative research applied to US fixed income portfolios, involving sizing and combination of sectors, strategies and alpha signals, including off-benchmark segments
- Integrate solid risk-awareness in portfolio construction models, accounting for risk in normal and stressed market environments
- Proactively advocate for enhancing portfolio performance by applying appropriate quantitative methodologies and effectively collaborate with portfolio managers towards this goal
- Work with Technology partners to productionize models
Qualifications
Required:
- Degree in quantitative discipline. Master's or higher preferred
- 7+ years of investing experience
- Experience and expertise in fixed income markets, securities, and derivatives instruments, especially instruments that involve credit risk.
- Understanding of quantitative portfolio construction and optimization techniques
- Proficiency with R or Python programming language
- Ability and willingness to leverage AI tools available in the company to boost efficiency is highly valued
- Familiarity with risk forecast models
- Self-motivated, independent, detail oriented and intellectually curious
- Strong communication skills, with ability to influence others. Creative problem solver
Preferred:
- CFA designation
- Experience with US Securitized products, especially Mortgage Backed Securities (Agency and Non-Agency)
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to one day per week from home.
Base Salary Ranges
Please review the job posting for the location of this specific opportunity.
$175,000.00-$250,000.00 for the location of: Maryland, Colorado, Washington and remote workers$175,000.00-$250,000.00 for the location of: Washington, D.C.
$175,000.00-$250,000.00 for the location of: New York, California
Placement within the range provided above is based on the individual's relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.
Commitment to Diversity, Equity, and Inclusion
At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.
Benefits
We value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.
Featured employee benefits to enrich your life:
Competitive compensation
Annual bonus eligibility
A generous retirement plan
Hybrid work schedule
Health and wellness benefits, including online therapy
Paid time off for vacation, illness, medical appointments, and volunteering days
Family care resources, including fertility and adoption benefits
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
