Full-Time

Quantitative Researcher

Posted on 7/8/2024

Betterment

Betterment

501-1,000 employees

E-commerce platform for branded lifestyle products

Consumer Software
Consumer Goods

Compensation Overview

$130k - $165kAnnually

+ Equity Package + Incentive Bonus

Mid

New York, NY, USA

Hybrid position requiring in-office attendance Tuesday through Thursday, three days a week.

Category
Algorithm Development
Quantitative Research
Quantitative Finance
Required Skills
Python
R
Git
Data Structures & Algorithms
SQL
Requirements
  • 3-5 years of experience in financial services
  • Strong mathematical foundation with hands-on experience in quantitative and statistical techniques
  • Experience writing production-quality, scalable, efficient code for reliable testing
  • Strong knowledge of SQL and Python or R
  • Experience with Git and Julia is advantageous
  • Resourcefulness, efficiency, and ability to conduct independent research
  • Clear and effective communication skills (both verbal and written)
Responsibilities
  • Iterate on the development of code for both Research & Development and Production environments
  • Maintain internal analytic libraries and tools that impact our portfolio construction and advice infrastructure
  • Own recurring workflows involving the updating and maintenance of portfolio allocations and assumptions driving our advice tools
  • Assist with automating processes, ongoing analyses, and quality assurance processes
  • Contribute to the researching, prototyping, reviewing and implementation of the quantitative methods that drive our client advice and trading execution algorithms.
  • Build strategic and trusted relationships with our Capital Markets, Product, and Engineering teams to help bring investing products to life
  • Interface with compliance and legal teams to help ensure appropriate governance and documentation of Betterment portfolio management and advice
  • Answer client and internal stakeholder questions on Betterment’s approach to investing and our advice tools
  • Support the team with writing, researching, and analyzing content on the performance of financial markets and the macroeconomy and how both have influenced returns of all Betterment investment portfolios
  • Assist with the creation and improvement of portfolio-management-related materials for internal and external audiences, including slides presented to the Betterment Executive Investment Committee, Algorithm Governance Committee, Crypto Investing Committee, portfolio factsheets, market insight publications, and webinar presentations

Betterment operates an online retail platform that specializes in selling branded apparel, accessories, and gifts. The company designs and offers a variety of products, including t-shirts, hoodies, onesies, beanies, mugs, and tote bags, all aimed at promoting a positive lifestyle and happiness. Customers can purchase these items directly from Betterment's website, where products are listed at regular and sometimes discounted prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that emphasizes well-being and happiness through its merchandise. The goal of Betterment is to attract a diverse clientele who appreciate lifestyle products that align with their values, ultimately generating revenue through direct sales while fostering a sense of community around the pursuit of happiness.

Company Stage

Debt Financing

Total Funding

$325.9M

Headquarters

New York City, New York

Founded

2010

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Betterment's new Bitcoin and Ethereum portfolio taps into the growing crypto market.
  • The launch of Betterment at Work's 401(k) match boosts appeal to small businesses.
  • Increased demand for ESG portfolios presents growth opportunities for Betterment.

What critics are saying

  • Higher fees in the new Premium plan may deter cost-sensitive customers.
  • Closure of the Philadelphia office may signal financial or strategic challenges.
  • Exposure to volatile cryptocurrency markets could lead to potential investor losses.

What makes Betterment unique

  • Betterment offers a unique Tax Loss Harvesting program to offset taxes on gains.
  • RetireGuide provides personalized financial goal assessments through online surveys.
  • Betterment's 0.25% management fee is competitive in the robo-advisor market.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Company Match

Unlimited Paid Time Off

Wellness Program

INACTIVE