T. Rowe Price

Position Title/Short Description

Full Text of JOE Listing:

Primary Purpose of the Position

The Analyst will conduct applied, investment-oriented quantitative analysis to support the investment process of a group that collectively manages approximately $280 billion across a growing range of multi-asset mandates globally. The position resides in a dedicated Quantitative Multi-Asset Research Group at T Rowe Price, which provides a collaborative, solution-oriented environment for quantitative researchers from a variety of backgrounds. The dynamic and thorough investment process at T. Rowe Price leads us to put a premium on intellectual humility, tolerance for ambiguity, a collaborative demeanor, a high degree of pragmatism, and a constructive attitude towards change.

Specifically, this position would help provide insights on the relationships between asset markets and economic and market fundamentals. This would require a global perspective, underpinned by strong quantitative skills to create, test, and validate views developed by the team. Furthermore, the individual should have strong skills at managing an individual, self-directed research program, as many of the questions that the Research Group seeks to answer do not have a settled answer.

Some examples of areas that this team would tackle include:
o Examining the role of macro factors in driving asset market over- or under-performance;
o Uncovering the links between asset risk premia and current economic conditions, and the opportunities that are created through a changing economic environment;
o Assessing of whether what’s priced into markets is consistent across asset classes, including by creating or calculating metrics used in the macro-financial literature; and
o Drawing on a variety of research from providers, from both quantitative and qualitative sources, to help inform investors across the firm (such as the role of momentum in cross-asset returns or the link between exchange rates and equity market returns).

Qualifications

The ideal candidate would have:

A Ph.D. in a quantitative discipline, most likely in economics or finance, with a strong graduate level foundation in either: The intersection of macro analysis and investment management/science, or The application of finance theory and analysis asset class level pricing and investment topics.

o strong foundation in applied empirical analysis (statistics, econometrics, data science);
o Post-graduate experience of at least 1+ year in either a buy-side or sell-side financial firm, or 3+ years of experience at a top policy institution (ECB, Federal Reserve, or other central bank—or the International Monetary Fund);
o Background in analyzing one or more international markets (equity, fixed income, or currency);
o Strong programming skills in R, Matlab, or Python, with some comfort in SQL; and
o An ability to work in a thoughtful, collaborative team environment and able to communicate effectively with bright colleagues, including non-technical audiences.