Overview

AB is a leading global investment management firm that offers high-quality research and diversified investment services to institutional clients, individuals and private clients in major markets around the world. AB employs more than 3,500 investment professionals with expertise in growth equities, value equities, fixed income securities, blend strategies, and alternative investments, and, through its subsidiaries and joint ventures, operates in more than 20 countries.

AB’s research disciplines include fundamental research, quantitative research, economic research and currency forecasting capabilities. Through its integrated global platform, AB is well-positioned to tailor investment solutions for its clients. AB also offers independent research, portfolio strategy and brokerage-related services to institutional investors.

Job Description

We are seeking talented, highly motivated undergraduate and joint Bachelors/Master’s students who have demonstrated significant academic achievement, intellectual curiosity, and interest in finance.

AB’s Rotational Associate Program is designed to provide a select group of graduates with hands-on exposure to careers in asset management, investment research and financial services.

The Rotational Program in our Multi-Asset Solutions group consists of four six-month rotations across various functions of asset management including research, portfolio management, and client services.

Research is at the heart of our investment process. You will perform quantitative and fundamental research across the range of asset classes including equities, bonds, currencies, commodities and derivatives. This research entails analyzing factors that drive capital markets, building models that predict asset returns, generating optimal portfolios and performing Monte Carlo simulations. You will also get exposure to the portfolio management process.

Previous rotation projects have included testing factors for inclusion in multi-asset return models, designing protective strategies using derivatives, analyzing fund manager performance for inclusion in multi-manager portfolios, as well as supporting portfolio managers in making and implementing asset allocation decisions.

Upon successful completion of this program, Associates will meet with program leaders to determine their next opportunity (based on the firm’s needs and the Associates’ interests).

Job Qualifications

Candidates should be top academic performers, be interested in the investment management industry and meet the following criteria:

May or June 2018 Bachelor’s or Bachelor’s/Master’s (5 year program) degree candidates in math, computer science, physics, chemistry, engineering, economics or finance
Cumulative GPA of 3.3 or better
Candidates must be able to work in the U.S. without visa sponsorship (now or in the future)
Command of statistics/probability tool kit
Strong programming skills ¾ MATLAB and/or SAS strongly preferred
Knowledge of MS Excel
Desire to expand understanding of finance and economics
Proven quantitative, analytical and communication skills
Detail-oriented, with high ability to multitask and work in a fast-paced environment
Self-starter while also a strong team player
Department Description

AB Multi-Asset Solutions actively manages a wide array of asset allocation services for global institutions, high net worth individuals and retail mutual fund investors. The group’s macro and quantitative research insights are used to develop innovative investment products and drive investment decisions.

We assess both short and long-term outlooks for risk and return across all major markets, including Equities, Fixed Income, Currencies and Commodities. We use quantitative and fundamental research techniques that are highly adaptive to the current market environment. We leverage these research insights to achieve outcomes that target specific client objectives.

The total assets under management across all of these portfolios exceed $100 billion USD composed of the following areas.

Dynamic Asset Allocation (DAA): The team actively manages global multi-asset portfolios for a wide array of investors. We employ quantitative and fundamental analysis across all major global asset classes, including equities, fixed income, credit, commodities, currencies and options/volatility. Specifically, the team develops innovative valuation, statistical and optimization models for use in portfolio construction. The group also works extensively with analysts and investors across AB.

Factor Based Stock Strategies: The team invests in equity baskets based on stock characteristics or factors. Value stock basket, Momentum stock basket and Quality stock basket are all examples of these factor portfolios. The factor portfolios are constructed using sophisticated quantitative techniques. The team also develops views on the attractiveness of these factor portfolios in various market environments.

Custom Index Strategies: The team works with clients to develop and manage custom index strategies. After designing a custom strategy using quantitative methods, we implement the strategy employing a wide range of securities including options and paying close attention to trading efficiency.

Defined Contribution Pension: The team manages and conducts innovative research on the design of glide path strategies (asset allocation that can vary with age and/or objectives of the investor). These multi-asset portfolios are customized based on the investor’s goals such as saving for college or retirement. Research has a broad scope and includes analyzing investor demographics, objectives and risks.

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