AVP Quantitative Research Analyst
Voya Financial
Together we fight for everyone’s opportunity for a better financial future.
We will do this together — with customers, partners and colleagues. We will fight for others, not against: We will stand up for and champion everyone’s access to opportunities. The status quo is not good enough … we believe every individual and every community deserves access to financial opportunities. We are determined to support both individuals and communities in reaching a better financial future. We know that reaching this future depends on our actions today.
Like our Purpose Statement, Voya believes in being bold and committed to action. We are committed to a work environment where the differences that we are born with — and those we acquire throughout our lives — are understood, valued and intentionally pursued. We believe that our employees own our culture and have a responsibility to foster an environment where we all feel comfortable bringing our whole selves to work. Purposefully bringing our differences together to positively influence our culture, serve our clients and enrich our communities is essential to our vision.
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The analyst will work within a team of quantitative researchers, machine learning engineers, and portfolio managers to assist in developing, implementing, and enhancing quantitative models and analytics used to support the Equities platform at Voya Investment Management. Our team sits at the intersection of data science and investment analysis, working closely with fundamental sector analysts for cross-fertilization of ideas. We develop investment insights through exploring datasets and analytical methods to systematically identify alpha opportunities in different segments of the equity market. Research areas include identifying new alpha factors, model estimation (linear and nonlinear), portfolio construction, and risk management. The analyst will be expected to help maintain and contribute to the shared codebase and toolkit of the research team. Combining newly available data with innovations in machine learning is key to capturing fundamental investment intuition and insights from behavioral finance in more nuanced and effective ways. This role offers a unique opportunity for the right candidate to gain in-depth understanding of “quantamental” investing and hands-on experience with the latest data science techniques.
Responsibilities include:
- Work on innovative research projects aimed at advancing our proprietary multi-factor and machine intelligence models through the addition of new alpha signals or better model estimation techniques, both linear and nonlinear.
- Explore enhancements to portfolio optimization and risk management to improve the risk-adjusted net returns of our systematic investment strategies or target specific investment outcomes for our clients.
- Evaluate new data sets from a range of sources for their potential to generate alpha.
- Help maintain and advance the team’s shared codebase, data repositories, and cloud-based technology stack that is the cornerstone of our research and production processes.
- Contribute to new product development in collaboration with our client-facing and product teams.
- Contribute to thought leadership articles to enhance awareness of our team’s investment philosophy and capabilities.
Qualifications
- Bachelor’s degree in a quantitative discipline such as Financial Engineering, Operations Research, Mathematics, Computer Science, Statistics, etc. Advanced degree preferred. CFA a plus.
- 5-7 years of relevant work experience in applied quantitative research, preferably investment management.
- Hands-on experience across broad range of modern analytic and data tools, particularly Python (numpy/pandas, machine learning packages such as XGBoost and SKLearn) with a solid understanding of relational and non-relational databases.
- Experience using one of the Big 3 cloud-based computing services (Azure, AWS, Google Cloud) and data science development platforms (e.g., Databricks, AzureML) is a plus.
- Strong analytical and mathematical skills. Excellent working knowledge of econometrics and statistics. Familiarity with financial statement analysis is a plus.
- Experience with financial databases such as Compustat, Worldscope, Factset, Clarifi/CapitalIQ, Axioma, Barra, Bloomberg is a plus.
- Experience in factor-based equity investing including ESG metrics is a plus.
- Attention to detail, curious, and self-motivated. Ability to work independently and collaboratively within the broader research team, as well as prioritize tasks.
- Excellent problem solving, interpersonal and communication skills. Ability to translate quantitative insights into actionable process improvements
- Have a passion for data science and financial markets, the curiosity to master new technologies and techniques, and a desire to drive transformational change.
Compensation Pay Disclosure:
Voya is committed to pay that’s fair and equitable, which means comparable pay for comparable roles and responsibilities.
The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.
Actual compensation offered may vary from the posted salary range based upon the candidate’s geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
$122,660 - $153,330 USDBe Well. Stay Well.
Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That’s why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.
What We Offer
- Health, dental, vision and life insurance plans
- 401(k) Savings plan – with generous company matching contributions (up to 6%)
- Voya Retirement Plan – employer paid cash balance retirement plan (4%)
- Tuition reimbursement up to $5,250/year
- Paid time off – including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
- Paid volunteer time — 40 hours per calendar year
Learn more about Voya benefits (download PDF)
Critical Skills
At Voya, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
Learn more about Critical Skills
Equal Employment Opportunity
Voya Financial is an equal-opportunity employer. Voya Financial provides equal opportunity to qualified individuals regardless of race, color, sex, national origin, citizenship status, religion, age, disability, veteran status, creed, marital status, sexual orientation, gender identity, genetic information, or any other status protected by state or local law.
Reasonable Accommodations
Voya is committed to the inclusion of all qualified individuals. As part of this commitment, Voya will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please reference resources for applicants with disabilities.