Senior Quantitative Analyst

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

Job Description

This role is responsible for performing quantitative analysis and research in the Risk and Return group of Allstate Investments. Area of primary focus is fixed income corporate credit (Investment Grade & High Yield Corporates), Municipals and Bank Loans, in addition treasuries. Approximately $45B fixed income portfolio is actively managed and leverages quantitative tools to generate differentiated performance. This role will be responsible for researching and implementing alpha signals, optimization tools and process diagnostics to enhance fixed income processes.

In addition, the role will touch on diverse areas such as risk and portfolio reporting, performance measurement, attribution, investment technology and infrastructure, and asset-liability management.

• Lead research, design, and implementation of quantitative alpha models for systematic and factor investing for fixed income asset classes.
• Advance quantitative research, develop new research pipelines, manage timelines and deliverables, introduce innovative use cases for quantitative insights and tools. Provide thought leadership in the areas of quantitative fixed income investing to investment committees. Incorporate AI/ML/LLM technologies in the quantitative toolkit
• Interact with asset class leads, senior portfolio managers and fundamental research analysts to identify research topics spanning alpha signals and portfolio construction
• Effectively communicate modeling results and research topics to senior investment leaders and Quantitative Steering Committee

• Mentor and develop junior members of the quantitative team
• Support and enhance existing quantitative models and associated applications. Collaborate with the production support team as needed to resolve any production-related issues.
• Address portfolio manager and research analyst inquiries related to models, providing timely and thorough responses.

• This job does not have supervisory duties.

EDUCATION AND EXPERIENCE

• Master’s or PhD in STEM or analytical finance/econometrics
• 8+ year experience in asset management or investing (buy/sell side) building quantitative models for alpha generation
• Fixed Income experience, specifically in corporate bonds preferred
• Experience in Machine Learning and Big Data techniques
• CFA or progress towards CFA a plus

• Solid understanding of financial markets, financial modeling, risk management, econometric analysis and numerical methods
• Strong problem-solving skills and the ability to meet tight deadlines
• Strong oral and written communication skills
• Expertise in statistical analysis and modeling, particularly in modeling time series data and backtesting investment strategies. Proficiency with large scale data processing
• Working knowledge of factor investing, asset valuation and portfolio construction
• Strong computer skills and programming experience in Python, SQL. Matlab experience a plus
• Familiarity with Bloomberg, Aladdin, Capital IQ, and other market data vendors
• #LI-MC1

Advanced SQL, Black Rock Aladdin, Bloomberg Platform, Fixed Income Investments, MATLAB, Python (Programming Language), Quantitative Research

Compensation

Base compensation offered for this role is $ - annually and is based on experience and qualifications.

*** Total compensation for this role is comprised of several factors, including the base compensation outlined above, plus incentive pay and AIP as applicable for the role

The candidate(s) offered this position will be required to submit to a background investigation.

Joining our team isn’t just a job — it’s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape…