Quantitiative Research Analyst

Location
Bangalore City, Bangalore (IN)
Salary
Competitive with market salaries with ESOP
Posted
28 Sep 2021
Closes
27 Nov 2021
Employment Type
Full Time
Education
Bachelors

About Prosperly

Prosperly is a new-age digital wealth platform that will help any middle class Indian confidently build wealth through high-quality financial advice, education & tools. Our core beliefs are two fold - most Indians do not take enough risk with their portfolio due to poor financial literacy, and, asset allocation & goal-based thinking are the necessary foundations for any good long-term investment plan. We are a founding team of six, working on product, content and partnerships for a product launch in early 2022. The founder Rajeev Chebolu is an alumnus of IIT Madras & Kellogg School of Management with around 12 years of experience in private equity and CFO roles at start-ups.

Market Opportunity & Mission

Indians are hugely ‘under-invested’ – only 8% of total household wealth is held in listed stocks & mutual funds, while 51% are held in cash, bank deposits, insurance policies etc. The long rally in the Indian stock markets from mid-2020 has created huge interest in investing, but it is still hard for most people to get guidance & customised recommendations in building wealth. HNIs can rely on wealth managers; but most middle-class Indians do not have access to good financial advice & recommendations.

Our product will help any Indian, irrespective of the assets they own, build an investment portfolio customised to their goals & risk profile through our technology enabled product. In addition to this, we will have structured content to help them learn about personal finance & investing at their own pace. Our trained human advisors will help explain complex topics & build trust for the user.

We aim to serve 5 million middle class Indians as paying customers by 2030, out of the 160 million addressable user base earning between Rs.5 lakhs & 50 lakhs.

Key Responsibilities

The ideal candidate lives & breathes the financial markets with a desire to impact millions of people with his/her work. Further, he/she is committed to joining an early stage venture for faster growth – this requires a willingness to work very hard and take on whatever role is needed to help the company grow. We will offer a significant wealth creation opportunity through stock options.

The key responsibilities of this role are:

  • Analyse historical data across mutual funds, equity indices, market flows and fundamental data to identify the best asset allocation, rebalancing signals and fund recommendations
  • Design ideal client portfolios linked to risk profiles, goals and market conditions
  • Work with engineering team to automate daily workflows, dashboards and portfolio monitoring
  • Generate content (eg: long-form articles, white papers, newsletters, podcasts) to communicate our research to industry players & clients
  • Help design innovative products to generate additional revenue streams & enter new businesses

Required Skills/Experience

  • 4+ years of experience in quantitative research or portfolio management in the financial markets, whether India or abroad, in either equities or other asset classes.
  • At least 2 years of experience in quantitative equity or fund research for global companies such as investment banks, asset managers, Morningstar, Factset/Bloomberg etc.
  • Good conceptual understanding of equity factors, index construction, historical market performance, macroeconomics
  • Highly proficient in using Python on large volumes of data for back-testing & statistical analysis
  • Great written & verbal communication is necessary
  • MBA degree or CFA charter would be good to have, but not necessary

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