Quantitative Research Analyst

Job title: Quantitative Research Analyst

Company: Harris Associates LP

Job description: At Harris, the true value of what makes us successful is found in our people. It is our unique mix of cultures, experiences, beliefs and backgrounds that sets Harris apart from the rest. We constantly strive to cultivate, nurture and amplify an unparalleled environment, where we value intellectual curiosity and uniqueness of thought. Inclusion is embedded in the very fabric of our culture of collaboration and openness.We understand that a job description only tells one part of a broader story, and Harris is seeking dynamic candidates who can add to our best-in-class environment. We recognize that qualifications can be gained through both traditional and non-traditional paths, and we are committed to considering candidates who possess the potential to be excellent in this role regardless of prior experiences.Therefore we encourage ALL interested individuals to submit their applications, even if they do not meet every requirement outlined in the job description.The PositionHarris Associates is seeking a Quantitative Research Analyst to join its newly established Quantitative Research department. In this high-impact role, you will collaborate closely with fundamental stock analysts and portfolio managers to design and implement data-driven frameworks that enhance stock selection, portfolio construction, and risk management. Your research will influence the firm’s core investment strategies by integrating advanced quantitative techniques with deep fundamental insights.Responsibilities may include but are not limited to:

• Portfolio Construction: Develop and refine portfolio construction processes that improve investment outcomes for value-based equity and fixed-income strategies.
• Research: Conduct quantitative analyses (time-series modeling, factor analysis, machine learning, etc.) to inform investment hypotheses and help discover new opportunities.
• Analytics: Perform performance and risk attribution, stress testing, and scenario analysis. Recommend portfolio adjustments based on data-driven findings.
• Collaboration: Present clear, actionable research insights to both technical and non-technical stakeholders, ensuring alignment with the firm’s value-investing philosophy.
• Innovation: Evaluate new datasets, tools, and methods to keep the research framework cutting-edge; maintain code quality, version control, and reproducibility standards.
• Development: Co-develop tools that enable portfolio managers and analysts to take advantage of research findings.

QualificationsRequired

• Bachelor’s or advanced degree in a quantitative discipline (e.g., Mathematics, Statistics, Engineering, Economics, or related field).
• Minimum 5 years of quant experience in research, portfolio construction, or trading with a proven impact on performance.
• Mastery of Python, major data science libraries (pandas, NumPy, scikit-learn), and SQL.
• Proficiency with optimizers (e.g. Axioma, MSCI, Gurobi) and fundamental factor risk models (e.g. Barra, Axioma).
• Experience applying quantitative techniques in a value-investing context or partnering closely with fundamental analysts to enhance stock-selection decisions.
• Excellent communication skills for translating complex data into actionable insights.
• Strong interpersonal skills with the ability to work independently and as a member of a team. Ability to work with all levels of stakeholders with a high degree of integrity, professionalism and maturity.

Preferred

• Advanced degree (M.S., Ph.D.) in a quantitative field.
• Experience with FactSet, Bloomberg, Refinitiv, and similar market data platforms.
• Experience building tax optimization strategies, or working with other non-linear, highly path-dependent optimization techniques.

Special requirements:May be required to occasionally work during off-times (early morning hours and/or evening hours) due to special projects/deadlines. Working hours of the position may also vary from normal business hours and flexibility is key.We offer a comprehensive benefits package designed to integrate life and work and to support our employees and their families. Benefits include, but are not limited to; medical, prescription drug, dental and vision insurance, paid time off, profit sharing plan, 401k plan, tuition reimbursement, commuter and holistic wellness benefits along with volunteer programs.Actual annual base salaries may vary based on factors including but not limited to education, training, experience, and other job-related factors. If hired, base pay will be determined on an individualized basis and is only one part of the total compensation package, which, depending on the position, may also include a discretionary performance bonus and other Harris sponsored benefit programs.Expected range for this Chicago-based role$175,000—$250,000 USDEqual Employment Opportunity Policy Statement
Harris Associates L.P. pursues a policy of equal opportunity in all areas of employment including recruitment, hiring, training, compensation, benefits, advancement, and treatment on the job. This means that Harris does not discriminate against employees, or qualified applicants, based on an individual’s race, color, religion, creed, sex, age, national origin, physical disability, sexual orientation, trans-gender status, transsexual status, status as a veteran or disabled veteran, genetic information or for any other reason prohibited by law. Harris reserves the right to review publicly available information about applicants (i.e., via social networking sites), to the extent permissible under applicable law.Reasonable Accommodation Notice
We provide reasonable accommodation for individuals with disabilities and disabled veterans in job application procedures. If you have any difficulty using our online system and you need an accommodation due to a disability, you may use the alternative email address below to contact us about your interest in employment at HR@harrisassoc.com or you can call us at 312-646-3600.Privacy Statement
The information you send to us is used for employment purposes only. What you send is kept confidential-we will not give your personal information to outside parties without your consent.

Expected salary:

Location: Chicago, IL

Job date: Wed, 26 Mar 2025 00:21:17 GMT

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