Quant Researcher & Developer

Join Us at 55ip & Help the Wealth Management Industry Move Forward

Working at 55ip means standing at the intersection of finance and technology—and at the cutting-edge of wealth management. We’ve been making rapid progress on our mission: to break down barriers to financial progress for financial advisors and their clients. Our Boston- and Mumbai-based team has built and brought to market a tax-smart investment strategy engine delivering an intuitive experience and intelligent automation. Driven by strategic partnerships with world-class asset management firms, such as BlackRock and J.P. Morgan, we’ve experienced breakthrough growth over the last year. Today, over 110 financial advisor firms with $90 billion in assets (and counting) are using 55ip.

If we look a little different, it’s because we are. We’re entrepreneurs, product pros, investment scientists, and customer advocates who aim to deliver an exceptional experience—and have fun doing it. Like lots of companies, we’ve got a deep bench of smart, talented, creative people, but our superpower is something else: hustle. That extra push when others would quit, that new approach nobody else has tried, that ability to thrive at 30,000 feet or dig into the details—and to do it all with humility, empathy, and respect. As we enter an exciting new chapter as a separately-branded subsidiary of J.P. Morgan, we’re looking for top talent—with hustle—to join us on our path to becoming an industry standard.

Overview

The 55ip Quant team is looking for a quantitative professional to research, implement, test, and maintain the core algorithms of its technology-enabled investment platform for large investment advisory (RIA) & wealth management firms. The ideal candidate has a background in optimization and statistical modules using software design constructs and tools. The candidate will be motivated, a problem solver, and an effective team player looking to make a significant impact in supporting research projects and who can grow as an independent researcher.

Responsibilities

• The end-to-end research, development, and maintenance of investment algorithms
• Contribute to development and maintenance of optimization models
• Take part in building out the research and development framework
• Thoroughly vet investment algorithmic results
• Contribute to the research data platform design
• Investigate datasets for use in new or existing algorithms
• Participate in agile practices
• Liaise with stakeholders to gather & understand the functional requirements
• Take part in research & code reviews
• Develop code using high quality standards and best practices, conduct thorough end-to-end unit testing, and provide support during testing and post go-live
• Support research innovation through the creative and aggressive experimentation of cutting-edge hardware, advanced analytics, machine learning techniques, and other methods
• Collaborate with technology teams to ensure appropriate requirements, standards, and integration

Requirements

• Experience in a quantitative role
• Proficient in Python, Git and Jira
• Professional experience with commercial optimizers (Gurobi, CPLEX) is a big plus
• Master’s degree in computer science, computational mathematics, or financial engineering
• Excellent mathematical foundation and hands-on experience working in the finance industry
• Proficient in quantitative, statistical, and ML/AI techniques and their implementation using Python modules such as Pandas, NumPy, SciPy, SciKit-Learn, etc.
• An understanding of or exposure to financial capital markets, various financial instruments (such as stocks, ETFs, Mutual Funds, etc.), and financial tools (such as Bloomberg, Reuters, etc.)
• Experience in direct-indexing products is a big plus
• Strong communication (written and oral) and analytical problem-solving skills
• Strong sense of attention to detail, pride in delivering high quality work and willingness to learn
• Knowledgeable in SQL
• Agility: Able to shift gears and react quickly to timely requests
• Hustle: Self-motivated, proactive, responsive-ability to think strategically but also willing to dig into the details and tactics

About 55ip

55ip is a financial technology company whose purpose is to break down barriers to financial progress. Wealth management enterprises and financial advisors use 55ip’s tax-smart investment strategy engine to dramatically improve their efficiency and effectiveness. 55ip’s intuitive experience and intelligent automation elevate portfolio design and delivery, helping advisors save time and drive better outcomes for their clients. At the heart of the experience is 55ip’s ActiveTax® Technology, which includes tax-smart transitions, management, and withdrawals. 55ip is becoming the industry standard by connecting to platforms where advisors manage their client accounts, enhancing workflow and reducing the need to move the assets. More information is available at https://55-ip.com/

J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.​