Investment Analysis
New York

The D. E. Shaw group seeks an analytical and detail-oriented critical thinker to join the D. E. Shaw Investment Management (DESIM) group as a portfolio management and implementation (PMI) associate. DESIM develops and manages active equity and multi-asset class investment strategies that complement the firm’s longstanding hedge fund strategies, leveraging advanced research and technology to serve institutional clients globally. This position offers meaningful exposure to DESIM’s investment process and continuous learning opportunities in a collegial, dynamic, and intellectually engaging environment.

What you’ll do day-to-day

Partner closely with quantitative researchers to support day-to-day portfolio management and investment operations.
Manage and oversee the implementation of investment portfolios, ensuring execution aligns with both investor-directed and internal objectives and guidelines.
Work on ad hoc and bespoke projects, such as analyzing the impact of proposed changes to portfolio optimization.
Solve analytical problems related to trading and portfolio implementation, ranging from small-scale to complex challenges.
Improve and automate systems and processes involved in daily portfolio management activities.
Participate in the implementation of new strategies, funds, and separately managed accounts.
Collaborate with a broad range of teams—including technology, trading, portfolio strategy, and business operations—as well as colleagues across finance, corporate development, legal and compliance, and other firmwide functions.

Who we’re looking for
A bachelor's degree; an advanced degree is a plus. One to four years of finance-related experience in a comparable role is preferred.
Keen attention to detail, excellent written communication skills, and demonstrated analytical and math skills.
Comfort experimenting with and applying generative AI tools; proficiency in Python programming and debugging, preferably including writing code to implement complex mathematical models and computations.
A willingness to learn and the ability to effectively manage short-term and long-term priorities in a fast-paced environment.
The expected annual base salary for this position is $150,000 to $250,000. Our compensation and benefits package includes variable compensation in the form of a year-end bonus, guaranteed in the first year of hire, and benefits including medical and prescription drug coverage, 401(k) contribution matching, wellness reimbursement, family building benefits, and a charitable gift match program.

The D. E. Shaw group is an equal opportunity employer.

The applicable annual base salary or hourly rate paid to a successful applicant will be determined based on multiple factors, including without limitation the nature and extent of prior experience and educational background.

European Union (EU), United Kingdom (UK), California, Hong Kong, Singapore, or Shanghai candidates should refer to the corresponding linked privacy notice.

The D. E. Shaw group may collect, use, hold, transfer, and process candidates’ resumes and associated information (including personal information contained therein) for purposes reasonably related to their application, including without limitation: review and management of employment applications and supporting materials; administration and management of offers to and communication with candidates; and administration, management, and improvement of the recruiting operations of the D. E. Shaw group; and/or where reasonably required in connection with a proposed sale, spin-out, reorganization, or outsourcing of all or some of the business of the D. E. Shaw group. The D. E. Shaw group will not use such information for purposes unrelated to the foregoing, such as direct marketing of third-party products to candidates, without candidate consent. As used herein, the term “personal information” is meant to broadly describe information identifying or relating to a specific individual; it is intended to encompass “personal data,” “sensitive personal data,” and “personally identifiable information” and similar terms, as those terms are defined by law in the jurisdictions in which the D. E. Shaw group operates.

The D. E. Shaw group may transfer such personal information within and outside the country and jurisdiction of the locations where the D. E. Shaw group maintains offices, to other D. E. Shaw group affiliates, to government and regulatory authorities, and to third parties which provide or may provide support and/or services to the D. E. Shaw group and for the purposes set forth above. The persons who may have access to this personal information are other employees of the D. E. Shaw group, in connection with the performance of their duties of employment, and the other parties listed above, in connection with the business of the D. E. Shaw group. (Of course, candidates will be considered for employment opportunities only in those countries in which they express interest.)

The D. E. Shaw group will use reasonable care to maintain the confidentiality of personal information (including appropriate technical measures against unauthorized or unlawful processing and against accidental loss or destruction of, or damage to, such information) and will retain such data as required by applicable law or regulation. Candidates have the right to request access to, and correction of, their personal information in accordance with applicable law; any such request should be submitted to recruiting-inquiries@deshaw.com. Candidates who have submitted a resume to the D. E. Shaw group and do not wish to proceed with their applications should email cvwithdraw@deshaw.com. Personal information of candidates who have been the subject of background checks may have been transferred in accordance with applicable regulations, and any concerns with such transfers should be submitted to backgroundcheck-inquiries@deshaw.com.

The D. E. Shaw group may retain candidates’ information for prospective recruiting activities, including sourcing candidates for employment opportunities and for organizing events with prospective candidates, in accordance with our internal data retention procedures. Candidates who do not agree to such future use should email recruiting-inquiries@deshaw.com.

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