What are the responsibilities and job description for the Quantitative Investment Engineer – MDT (Hybrid) position at Federated Hermes?
Quantitative Investment Engineer – MDT (Hybrid)
Federated Hermes Career Opportunity #9721
Boston, Massachusetts
Since 1955, millions of investors in the United States and around the globe have relied on Federated Hermes, Inc. (NYSE: FHI) for world-class investment solutions. Federated Hermes has grown to become one of the nation's largest investment managers with $907.1 billion in assets under management. Federated Hermes is a global leader in active responsible investing with one of the largest engagement and stewardship teams in the world representing over $2.3 trillion in assets under advisement.
The Federated Hermes MDT Investment Team has a long-standing track record of strong performance driven by a quantitative, systematic investment process built on proprietary models and deep research. Our culture emphasizes empirical rigor, technological innovation, and the continuous pursuit of consistent alpha across changing market environments.
As Quantitative Investment Engineer, you would have the opportunity to apply your creativity and engineering skillset to solve tough open-ended challenges in all areas of the investment process, including alpha factor research, model development, machine learning, risk management, and portfolio optimization. You would work closely with senior researchers and portfolio managers, executing challenging engineering projects with direct investment impact.
MDT fosters a collaborative, research-driven environment where intellectual curiosity, analytical rigor, and strong technical capabilities are valued. We celebrate individual contributions while emphasizing teamwork and a common focus. If you thrive in a collegial research setting and are interested in solving open-ended research challenges, we encourage you to explore this opportunity.
POSITION SPECIFICATIONS:
- Bachelor’s degree in Computer Science, Economics, Applied Math, or other quantitative or engineering discipline required
- Minimum of 2 years of related work experience
- Programming experience in C , Python, or similar languages
- Financial market interest and investment management knowledge preferred
MAJOR DUTIES:
- Generate unique research ideas, design experiments, and conduct analyses to enhance the investment process
- Design and develop reliable and high-performance software for quantitative trading and research systems
- Maintain, optimize, and enhance existing quantitative investment software.
- Support portfolio management and trading
- Develop necessary knowledge and skills to progress in the field of quantitative investment analysis and research
EXPLANATORY COMMENTS:
- High quantitative aptitude
- Ability to write code to implement research ideas, with a focus on correctness, transparency, and simplicity.
- Ability to simplify and effectively communicate complex concepts.
About Federated Hermes:
For 70 years, Federated Hermes (FHI) has provided world-class investment solutions to financial professionals in the United States and around the world. Federated Hermes' employees have defined the qualities of the company’s success over the decades: a reputation for integrity and excellence, a commitment to customers and employees and a history of longstanding client relationships. While each market cycle brings new opportunities and challenges to the company, Federated Hermes continues to foster employee commitment to excellence in the investment management industry.
The annual base salary range for the position is $110,000 - $150,000. In determining salary multiple factors will be taken into consideration such as experience, education and skill set.
For consideration, please visit our company website and reference job #9721.
For additional information, please visit FederatedHermes.com
Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.
Only those candidates in whom we have an interest will be contacted.
We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.
EOE – Including Disability / Vets
Federated Hermes is committed to providing equal employment opportunities in all aspects of employment to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex, pregnancy, sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any local, state or federal law applicable to Federated Hermes. As part of the firm’s equal employment opportunity statement, Federated Hermes will also comply with applicable government contractor obligations, including ensuring veterans and qualified people with disabilities are considered for employment and promotional
opportunities consistent with current federal, state and local laws and regulations. Federated Hermes will also make reasonable accommodations for the religious practices of beliefs of applicants and employees, as well as for mental health or physical disability needs.
Salary : $110,000 - $150,000