Senior Buy-Side Risk Quant na Thornburg Investment Management

Description

Thornburg is a global investment firm delivering on strategy for institutions, financial professionals and investors worldwide. The privately held firm, founded in 1982, is an active, high-conviction manager of fixed income, equities, and multi-asset solutions.

As an independent firm, Thornburg can take on a wide range of opportunities, explore ideas thoroughly and work across strategies to deliver consistent risk-adjusted outperformance over the long term. The firm attracts free-thinking professionals who are eager to pursue investment outcomes beyond the confines of popular wisdom. From nimble operational capabilities to principles and actions fitting of a global citizen, Thornburg’s world-class investment platform and team are aligned on strategy to serve investors.

Primary Job Function:

The Senior Analyst, Portfolio Analytics and Risk (Senior Buy- Side Risk Quant) is a member of the Portfolio Analytics and Risk group integrated within the Investment Team. This position is responsible for the development, enhancement, and support of risk, performance, and opportunity-set analytics for funds and strategy portfolios. The position is responsible for data quality and on-going production process maintenance, in collaboration with internal teams and external data/analytics vendors. The position is also responsible for defining and implementing best practices in the use of Portfolio Analytics and Risk tools and protocols by the broad Investment Team.

The primary focus of the Portfolio Analytics group is to implement and carry out the quantitative aspects of Thornburg’s risk management and portfolio construction processes, across equity and fixed income strategies. The Senior Analytics, Portfolio Analytics and Risk, will work closely with the members of the group, and sometimes with other teams across the organization to contribute to broad portfolio oversight. Additional stakeholders served by this position could include Distribution, Operations, Fund Accounting, HR, CEO and other roles.

This role will help the team maintain and expand the end-user analytics delivery platform housed in Power BI, as well as build and maintain the underlying reports and data processes in FactSet and other systems. The Senior Analyst will also use PA tools, as well as onboard new tools as necessary, to fill scheduled and ad hoc requests for risk/performance/opportunity/optimization analysis from the Investment team. The role is responsible for preparing and delivering research notes, preparing the standardized risk packets, leading scheduled risk meetings with portfolio managers, and facilitating the ongoing quantitative refinement of the portfolios’ Philosophy and Process documents.

The role relies on the excellent knowledge of equity and fixed income analytics and portfolio management concepts, as well as formal training in statistical and quantitative aspects of investment analysis. Importantly, the role also requires an ability to convey complex statistical, portfolio analytics, and risk management concepts and processes to the members of client-facing teams at Thornburg. An active interest in acquiring new fundamental knowledge and practical analytics skills is highly encouraged.


Duties & Responsibilities:

• Generate and implement new ideas to further improve client outcomes through quantitative analysis of portfolio construction, performance, and risk. 
• Develop actionable insights into funds’ risk profiles and performance, both for scheduled risk meetings and on an ad hoc basis.
• Monitor portfolio risk and performance; detect, investigate, and communicate anomalies. 
• Collaborate with PM teams to facilitate the ongoing quantitative refinement of the portfolios’ Philosophy and Process documents.
• Lead special initiatives that are of strategic importance for the team.
• Support and improve the team’s production process and ensure data quality/timeliness for risk and performance analytics.
• Develop and prepare reporting materials and dashboards to evaluate risk across the firm's equity and fixed income investment platform.
• Research peer positioning, exposures, and performance using internal and third-party tools.
• Work with internal stakeholders to identify use cases and effectively leverage data.
• Review and analyze operational data to compile into reports and/or presentations. Navigate the firm to effectively complete tasks.
• Develop consultative partnerships with internal teams and leaders to understand their strategic objectives, key performance indicators, and reporting  requirements. 
• Contribute to the achievement of function or business unit objectives. Support data-driven decision-making.
• Conduct complex analyses and reporting for general business operations, initiatives, and strategic/operational activities.
• Collaborate with and support senior leaders and their teams to ensure analytical and reporting needs are aligned with business and operational needs.

Requirements

• Strong academic track record; a degree in finance, economics, mathematics, or similar. 
• Graduate degree in the above and a CFA/FRM designation is strongly preferred.
• At least 5 years of experience with a focus on equity and fixed income portfolio analytics, security setup and pricing, performance reporting, portfolio optimization, and quantitative market risk commentary.
• Extensive hands-on experience with FactSet and Bloomberg is required; experience with Investortools Perform, Intex, and Microsoft Power BI is preferred.
• Expert and up-to-date knowledge of statistical/quantitative approaches to investment analysis and portfolio construction.
• A level of comfort with programming languages such as R, Python, C#, and VBA is expected.
• Attention to detail is essential given the importance of communicating correct information to investors and other members of the investment team.
• Ability to  organize, manage multiple tasks, prioritize effectively, meet deadlines, and deliver high quality, error-free work in a fast-paced environment.
• Ability to conduct research in a collaborative team environment. 
• Ability to deliver independent projects with limited supervision.
• Grace under pressure; ability to adapt. 
• Inherent skepticism about data and outputs. 
• Excellent written, oral, and interpersonal communication skills.
• An attitude of continuous learning.  

Job Benefits:

• Medical, dental, and vision coverage.
• Employer 401(k) safe harbor and profit-sharing contributions.
• Work/life programs such as flexible work arrangements, flexible paid time off, paid parental leave, employee assistance plan, commuter benefits, student loan repayment program, education reimbursement program.
• Community involvement opportunities.
• Onsite cafeteria.
• Onsite fitness center.
• Referral program.

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All qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, national origin, disability, gender, gender identity or protected veteran status.