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Full-Time

Quantitative Researcher

Confirmed live in the last 24 hours

Betterment

Betterment

201-500 employees

E-commerce platform for branded lifestyle products

Data & Analytics
Consulting
Fintech
Financial Services
Real Estate

Compensation Overview

$130k - $165kAnnually

+ Equity Package + Incentive Bonus

Mid

New York, NY, USA

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 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 sale prices, making them accessible to a wide audience. Unlike many competitors, Betterment focuses on creating a unique brand identity that resonates with individuals who appreciate lifestyle-oriented merchandise. The goal of Betterment is to attract a diverse clientele and encourage a pursuit of happiness through its products.

Company Stage

Series F

Total Funding

$448M

Headquarters

New York City, New York

Founded

2010

Growth & Insights
Headcount

6 month growth

3%

1 year growth

11%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Betterment's diverse product range and positive branding can attract a wide customer base, potentially leading to high sales volumes and profitability.
  • The company's focus on promoting happiness and well-being through its products can create a loyal customer base that resonates with its message.
  • Economies of scale can lead to increased profitability as sales volumes grow, benefiting both the company and its employees.

What critics are saying

  • The competitive nature of the e-commerce market means Betterment must continuously innovate to stay ahead of rivals.
  • Relying on direct sales for revenue can be risky if there are fluctuations in consumer demand or economic downturns.

What makes Betterment unique

  • Betterment's focus on branded lifestyle products that promote happiness sets it apart from other e-commerce platforms that may not have such a clear, positive message.
  • The company's ability to offer a wide range of products, from apparel to accessories and gifts, allows it to cater to a diverse customer base, unlike more specialized competitors.
  • Betterment's direct sales model and occasional sale pricing make its products accessible to a broad audience, enhancing its competitive edge in the online retail market.