Senior Research Analyst / Quantitative

The position is located in Northbrook, Illinois.

 

The purpose of the department is to manage over $110 billion in assets for The Allstate Corporation. Investment performance for our portfolios has consistently provided excess returns for our customers and we attribute that success in large part to the quality of our people. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds, a deep interest in investments and a desire to be challenged. We manage diversified portfolios for our customers, investing in a variety of asset types including taxable fixed income, tax-exempt fixed income, equities, private securities, commercial mortgages and derivatives to name a few.

 

The scope of this job is to provide quantitative support to the Portfolio Management Group.  There are several functions within this group that require quantitative support, including the Derivatives unit, strategic and tactical asset allocation functions, and client relationship management.  The analyst will be expected to provide effective leadership on quantitative projects.

 

The individual will be responsible for:

 

1. Providing quantitative support to the Derivatives unit.  The analyst will be responsible for the design and implementation of models and systems that support trading activity within this unit.  The analyst will lead research efforts targeting new hedging and trading strategies and will support product development efforts within Allstate Financial that incorporate derivatives-related concepts. 

2. Providing quantitative support to the portfolio management function.  The analyst will be responsible for the design and implementation of models that support portfolio risk management, strategic asset allocation, and tactical asset allocation. 

3. Interfacing with asset managers and insurance clients to understand market risks and opportunities.

4. Presenting and communicating project status and results to diverse audiences within Allstate.

5. Mentoring and developing junior quantitative analysts.

 

The skills required are:

 

1. Advanced - The ability to research and apply numerical methods to investment problems.

2. Advanced - The ability to communicate complicated and quantitative concepts. (both oral and written)

3. Advanced - The ability to mentor junior quantitative analysts.

4. Advanced - Work effectively in a team environment.

 

Experience Required:

-Seven (7) years of quantitative experience required. 

-Analyst must have the ability to do research in the areas of numerical methods, investment theory, derivatives valuation, and risk management.

 

Computer Proficiency:

-Knowledge of MATLAB, VBA, and SQL preferred.

 

Education:

Masters/MBA - Preferred, Major preference: Business or Finance

Our customers aren?t the only ones in Good Hands with Allstate!  If you are interested in working for an employer of choice, then look no further.  We offer:

 
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