Charles Schwab Investment Management (CSIM), the asset management arm of Charles Schwab Corporation, has approximately $300 Billion in assets under management (AUM) and is one of the nation’s largest retail money managers. CSIM provides a wide variety of products ranging from money market funds, index mutual funds, actively managed mutual funds, exchange traded funds and multi-asset fund-of-funds. As a provider of core investment products, CSIM is both an important enabler in fulfilling Schwab’s mission of helping everyone be financially fit and critical engine in the company’s profitability and growth. CSIM currently manages over $26 billion of multi-asset strategy funds which include Target Date Funds, Target Risk Funds, Monthly Income Funds, Variable Insurance Trust funds, and a number of asset class specific fund of funds. The research analyst will be part of the asset allocation research team which is responsible for producing cutting edge, top-notch quantitative and qualitative research to be published and used in portfolio construction and management of CSIM’s multi-asset strategy funds. This position will be based in Denver, CO.
What you’ll do:
•Support product development and distribution
•Develop and maintain quantitative models and software to design and support our multi-asset strategy funds
•Perform research on retirement investment strategies including Target Date Funds and Retirement Income funds
•Develop and back test strategic and tactical investment and trading strategies
•Perform research on behavioral finance
•Analyze macroeconomic data, fiscal policy, and Central Bank actions in order to interpret their effect on the US and global economy and, ultimately, their impact on US and global trading markets.
•Provide commentary on major economic events and as economic data are released by publishing market snapshots, and providing additional deeper analysis in periodic publications.
•Conduct research on the intersection between economics and financial markets across a wide class of assets including equities, fixed income/credit, REITs, currencies, and commodities.
•Develop quantitative and qualitative models to forecast economic growth, inflation, and interest rates in domestic and international markets
•Assist in developing our internal long-term capital markets expectations
•Assist in asset allocation and portfolio construction decisions
What you have:
•Bachelor’s degree required
•PhD or Master’s in Statistics, Econometrics, Computational Finance, Finance, Operations Research, Computer Science or another quantitative field
•2+ years of relevant research experience•Significant experience in handling statistical modeling of large complex data sets
•Strong understanding of practical methods for quantitative investing including multi-factor risk models (Axioma, Barra), portfolio construction, optimization, back-testing, and scenario analysis
•A passion for programming and strong working knowledge of R, S-Plus, VB, VBA, SQL Server, SQLite, and MSAccess
•Thorough knowledge of software and database design problems related to various financial analytics’ components including risk management, portfolio analysis and back-testing
•Outstanding communication and presentation skills, ability to discuss and explain involved concepts in finance and mathematics in both verbal and written form
•Quick learner, comfortable dealing with ambiguous, fluid situations
•Analytical and critical thinking skills; ability to make good decisions when faced with complex or ambiguous data
•Passion, integrity, creativity, inquisitiveness and self confidence
•The candidate should be a self-starter, well organized, results oriented team player
•Work/Life Balance: Paid Parental Leave, New Mothers returning to work Program, Tuition Reimbursement Programs, Time off to volunteer, Employee Matching Gifts Program.
•Everyday Wellness: Health and Lifestyle Wellness Rewards, Onsite Fitness Classes, Healthy Food Choices, Wellness Champions.
•Inclusion: Employee Resource Groups, Commitment to diversity, Strategic partnerships.
•Not just a job, but a career, with an opportunity to do the best work of your life.
Learn more about Life@Schwab.
Charles Schwab & Co., Inc. is an equal opportunity/affirmative action employer committed to diversifying its workforce. All applications are considered without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, protected veteran status (disabled veterans, recently separated veterans, active duty wartime or campaign badge veterans, Armed Forces service medal veterans), or based on any individual's status in any group or class protected by applicable federal, state or local law.
We believe that, when done right, investing liberates people to create their own destiny. We are driven by our purpose to champion every client’s goals with passion and integrity. We respect and appreciate the diversity of our employees, our clients, and the communities we serve. We challenge conventions strategically to create value for our clients, our firm and the world. We live and bring to li...fe the concept of ‘own your tomorrow’ every day. We champion our employee strengths, guide their development, and invest in their long-term success. We hire optimistic, results-oriented, curious, innovative, and adaptable people with the desire to help our clients and one another succeed.
As a company, we were established by Chuck over 40 years ago to champion Main Street over Wall Street, and to help Americans transform themselves from earners to owners. Through advocacy and innovation, we work to make investing more affordable, accessible and understandable for all. As we enter our fifth decade, we are looking for talented, innovative and driven people who believe they can help themselves, and our clients, create a better future.