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Type of Role: InvestmentsRisk

Experience Level: Analyst/Associate

Location: Seattle, Washington

Salary: $80K - $105K

Russell Investments has approximately $300 billion of assets under management. The firm ranks as the third largest outsourced CIO (OCIO) provider globally. Additionally, the company has $2.6 trillion under advisement across 32 countries, making Russell Investments the world’s fourth-largest adviser. The company has an investment outsourcing division to assist clients with investment and retirement portfolios, among other services. Clients have included AT&T, Boeing, and Union Pacific Railroad. Russell Investments had approximately 1,350 employees. The majority are based in Seattle, while others work at offices in London, New York City, Sydney, Tokyo, and Toronto, among other cities.

Job Description:

As a member of the Investment Risk Management team, our Quantitative Risk Analysts support market and liquidity risk analytics and oversight with a focus on regulatory reporting. You will participate in development, maintenance and support of the Enterprise Risk Management system. Further responsibilities include preparing, analyzing, and delivering risk reports and interactive tools. You will also supports users of these tools and reports across global business units, working closely with research and portfolio managers to ensure quality and accuracy, and participate in ongoing and new project work to improve portfolio analytics and other aspects of the risk management function. This role reports to the Manager, Investment Risk and is based in Seattle, WA.

Salary Range: $80,000 – $105,000

Specific compensation will be based on candidate’s experience, skills, qualifications, commercial considerations, and other job-related factors permitted by law. At Russell Investments, salary is just one part of our compensation package. Our total rewards approach includes an annual performance bonus (subject to eligibility criteria)in addition to participation in our competitive benefits programs including healthcare, retirement, vacation, and wellbeing programs.

Core Responsibilities:

  • Prepare, analyze, and deliver periodic market risk reports utilized by portfolio managers, senior management, regulators, and business units.
  • Design and develop robust processes around risk modeling with focus on database design, quantitative methods and automation.
  • Assist portfolio managers with the risk-related questions and analysis.
  • Ad hoc projects and analyses that support risk management, hedge fund research and portfolio management teams.
  • Keep up to date on current trends in the asset management, particularly liquidity risk space, in addition to financial markets, securities, and general investment themes, as well as advances in risk management theory and practice.

Your Expertise:

  • Master or PhD in Quantitative Finance or closely related (quantitative major) degree.
  • Alternatively, will accept Bachelor’s degree in Quantitative Finance or closely related (quantitative major) degree and 5 years of Quantitative research experience in the financial industry.
  • CFA, FRM and CAIA is preferred.
  • Foundation of investment knowledge, including an understanding of investment strategies, capital markets, market indexes, knowledge of financial products in different asset classes: stocks, bonds, commodities, equity and/or fixed income derivatives.
  • Experience with valuation/pricing models.
  • Mathematical analytical skills such as Monte Carlo Simulation, Time Series Analysis, Stochastic Calculus, Linear Algebra, Optimization and Probability.
  • Machine learning skills such as regression, classification, tree-based methods, clustering, model selection and regularization.
  • Knowledge of financial risk management concepts such as Value-at-Risk, Expected Shortfall, stress testing, credit spread, default correlation and copulas.
  • Automating quantitative and reporting process in programming languages such as C++, Visual Basic, VBA, R and/or Python, Object Oriented Programming, SSIS or SQLServer.
  • Experience with spreadsheets and database manipulation.

Equal Employment Opportunity 

Russell Investments is committed to providing equal employment opportunities for all associates and employment applicants regardless of race, religion, ancestry, creed, color, gender (including gender identity which refers to a person’s actual or perceived sex, and includes self-image, appearance, behavior or expression, whether or not different from that traditionally associated with a person’s biological sex), age, national origin, citizenship status, disability, medical condition, military status, veteran status, marital status, sexual orientation,  past or present unemployment status , or any other characteristic protected by law.