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Research & Development Manager

Russell Investments

Russell Investments

Administration
Mumbai, Maharashtra, India
Posted on Friday, October 27, 2023

Business Unit:

Investment Division

Reporting To:

Director, Quantitative Investing and Infrastructure

Shift:

EMEA/UK (1:30 pm - 10:30 pm IST) (India)

About Russell Investments, Mumbai:

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai – and has opened a new office in Mumbai, India in June 2023.

Joining the new Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be one of the first to join this new team based out of Goregaon (East) in Mumbai and be a part of creating the foundation and culture for the firm’s growing operations in India. The Mumbai office operates 5-days a week from Monday to Friday with varying shifts to accommodate time zones around the world.

For more information, please visit https://www.russellinvestments.com.


Job Description:

Title: Research & Development Manager

Department/Team: Research and Development

Reporting to: Director, Quantitative Investing, and Infrastructure (based in Seattle)

Work Location: Mumbai

Shift: EMEA

About Russell Investments, Mumbai

Russell Investments is a leading outsourced financial partner and global investment solutions firm providing a wide range of investment capabilities to institutional investors, financial intermediaries, and individual investors around the world. Building on an 87-year legacy of continuous innovation to deliver exceptional value to clients, Russell Investments works every day to improve the financial security of its clients. The firm is the world’s sixth-largest investment adviser, with $1 trillion in assets under advisement (as of June 30, 2022) and $288.3 billion in assets under management (as of March 31, 2023) for clients in 30 countries. Headquartered in Seattle, Washington in the United States, Russell Investments has offices around the world, including London, New York, Toronto, Sydney, Tokyo, Shanghai – and has opened a new office in Mumbai, India in June 2023.

Joining the new Mumbai office is an incredible opportunity to work closely with global stakeholders to support the technology and infrastructure that drives the investment and trading processes of a globally recognized asset management firm. Be one of the first to join this new team based out of Goregaon (East) in Mumbai and be a part of creating the foundation and culture for the firm’s growing operations in India. The Mumbai office operates 5-days a week from Monday to Friday with varying shifts to accommodate time zones around the world.

For more information, please visit www.russellinvestments.com.

Role Summary

As a Research and Development team member, this role will involve productionalizing and maintenance of the investment and risk models, signals, and analytical platforms across several asset classes that cater to multiple Russell Investments teams. The ideal candidate will have a strong investment knowledge base, coupled with an adept understanding of coding and quantitative analysis. In addition, the candidate will have prior experience in successfully leading a team of analysts and actively contribute to their growth and development.

Years of Experience

Suitable candidates would have a minimum of 8-10-years of programming (quant modelling) /investment experience.

Qualifications

• Bachelor's degree (Master’s preferred) in Finance, Economics, Statistics, Computer Science, or a related field. CFA level II (preferred)

• Solid understanding of investment principles and asset classes.

• Proficient in Python and SQL (R or C# a plus)

• Knowledge of data visualization and web frameworks (e.g., Django).

• Experience with DevOps toolkit (GitLab, Octopus Deploy) is a plus

• Excellent quantitative skill set with the ability to analyze highly complex data.

• Excellent problem-solving capabilities and high attention to detail.

• Ability to work collaboratively in a fast-paced environment.

• Excellent verbal and written communication skills.

• Demonstrated ability to lead the growth and development of the team.

• Strong finance background, preferably within Financial services

Special Requirements

  • Occasional weekend support

Responsibilities

  • Existing R&D models and platforms maintenance: ensure the seamless delivery of models, signals and exclusion lists, troubleshooting any issues that arise, and making necessary modifications.

  • Development and maintenance of databases: design and implement new databases tailored to store and manage R&D data effectively, collaborate with IT teams to optimize database performance.

  • Productionalizing of new models and data delivery: work with R&D team on the integration of newly developed models into production environments, conduct testing to ensure new models and data delivery operate as expected.

  • Work with external vendors and internal IT teams to onboard new and expanding data sets and integrate them into existing infrastructure

  • Development of analytics dashboards: create intuitive dashboards to provide users with data visualizations, understand user needs and requirements and customize dashboards accordingly.

  • Ad hoc data analysis: respond to spontaneous requests from stakeholders for specific data insights or reports, present results in a clear and concise manner.

  • Documentation: create user guides and documentation manuals for processes and platforms.

  • Be a player/coach and lead the team to be a high performing contributor to the firm.

Core Values

  • Strong interpersonal, oral, and written communication and collaboration skills with all levels of management

  • Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines,

  • Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.

  • Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.

  • Exemplifies our customer-focused, action-oriented, results-driven culture.

  • Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.

  • Ability to act with discretion and maintain complete confidentiality.

  • Dedicated to the firm’s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.