Research Associate

Libretto Economics logo

Libretto
Los Angeles - United States
S: Competitive

Libretto is an early-stage advisor-driven wealth management advice platform leveraging modern investment methodologies to provide sophisticated wealth management to clients ranging from the least to most complex. Libretto departs from the common mean-variance, model-based approach to investment advice and employs a system highly tailored to each client at every step of the investment process starting with a priority and ending with a trade. Our immediate pipeline includes the management of more than $3 billion in assets with household wealth of clients ranging from $100,000 to over $1 billion.

As a Research Associate, you will be a founding member of the Libretto research team responsible for researching and defending investment processes with empirical methods. Leveraging your quantitative finance experience, you will work closely with the founding team and collaborate with industry experts to build out a modern investment methodology that delivers sophisticated advice to clients. Most critically, you will focus on bringing an even greater standard of academic rigor and mathematical precision to the systems supporting the Libretto asset allocation, portfolio construction, asset location and product fulfillment processes.

Your skillset:
• Familiarity with advanced asset pricing and portfolio theory
• A strong mathematical background with advanced knowledge of Econometrics & Statistics and related methods of Empirical Finance
• Knowledge of common financial optimization methods such as linear programming preferred
• Proficiency in Python or R preferred

Your core responsibilities:
• Work closely with the founding team to build out an empirically-driven investment methodology with a high standard of academic rigor
• Apply statistical methods to defining and defending assumptions driving system inputs
• Formalize a leading-edge asset allocation system with factor-based portfolio construction
• Design dynamic asset location and product fulfillment systems using optimization models and investment algorithms
• Construct simulations to stress-test a highly complex system that begins at a priority and ends at a trade

Other opportunities:
• Take a lead in researching and publishing papers on modern topics in asset pricing, portfolio theory and applied wealth management
• Work with the development team to transform financial research into software features delivered directly to financial advisors
• Contribute to a large body of knowledge resources for advisor education
• Tackle complex problems using quantitative tools and empiricism

Your experience:
• An advanced degree in Finance, Economics or related fields such as Statistics
• Experience in quantitative finance or research
• Experience bringing deliverables from idea to completion and working in a fast-paced, highly collaborative environment

Working at Libretto is fun!
• Competitive compensation
• Make a meaningful impact at an early-stage company with high growth potential and proven founders
• Paid vacation
• Health insurance
• Flexible work hours
• No red tape! Tackle problems with minimal friction

Job summary

Employer:

Libretto

Location:

Los Angeles, United States

Education:

PhD Candidate

Sector:

Finance Economist

Salary:

Competitive

Job Type:

Permanent

Hours:

Full-Time

Posted:

28th June 2017

Apply By:

31st August 2017

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