Sr. Quantitative Research Associate - Fixed Income

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.  

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role Summary:

We are seeking a hands-on Quantitative Researcher to join our Global Fixed Income team. The ideal candidate will have extensive experience in developing predictive alpha models across fixed income markets. This role requires a professional who is highly skilled in the entire quantitative investment lifecycle, including alpha research, risk management, portfolio management, trade execution, and the application of quantitative investment techniques to facilitate better risk taking.

Key Responsibilities:

• Drive quantitative research from idea generation through to data acquisition, statistical analysis, and documentation of findings, with a particular focus on predictive alpha models.

• Develop and implement sophisticated fixed income investment models and trading strategies using a rigorous scientific approach.

• Integrate quantitative research findings into portfolio management, risk management, and trade execution processes to optimize investment outcomes.

• Enhance the investment process of Northern Trust's quantitative credit strategies.  

• Conduct empirical research applying findings to signal creation, portfolio construction, and risk assessment.

• Utilize machine learning and AI techniques to innovate and refine investment strategies, leveraging technology to drive superior performance.

• Collaborate with team members and effectively communicate research findings within the organization and to external stakeholders, including clients and prospects.

Necessary Qualifications:

• 5+ years of relevant experience as a hands-on quantitative investment professional, with a track record of developing predictive alpha models in fixed income markets.

• Master's, or PhD in a technical or quantitative discipline (e.g., statistics, mathematics, physics, electrical engineering, computer science, applied economics, or finance).

• Systematic Fixed Income investing experience a plus.

• Proficiency in at least one programming language, ideally Python, with additional experience in PySpark, MATLAB, or R being advantageous.

• Strong knowledge of asset pricing, factor anomaly literature, and the application of sustainability data within an investing context.

• Expertise across the entire quantitative investment lifecycle, including alpha research, risk management, portfolio management, trade execution, and the application of technology.

• Experience in applying machine learning models within an investing context, with familiarity in alternative data as an advantage.

• Ability to think independently, creatively approach data analysis, and clearly communicate complex ideas.

Salary Range:

Salary range is a good faith estimate of base pay. Northern Trust provides a comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Northern Trust also provides a discretionary bonus program that may include an equity component.

Working with Us: 

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve! Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies! Build your career with us and apply today. #MadeForGreater 

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at MyHRHelp@ntrs.com.

 
We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.