Join Numeric’s Investment Management Graduate Rotational Program with an opportunity to work alongside Numeric’s Quantitative Research, Portfolio Management & Alpha Tech teams. 

Following the 5 rotations, the Rotational Analyst will have an opportunity to join the Quant Research or Portfolio Management team full-time.

As a Quantitative Research Rotational Analyst, you will conduct research and develop strategies which will improve our trading of financial markets in equities and across the business in general. You will develop and improve quantitative investment strategies in financial markets within the Strategic Alpha Research team. You will work closely with other team members to create new and support existing strategies by identifying new investment ideas or innovative data sources. You will conduct research on various implementation aspects of investment strategies such as trading cost models, risk models, optimization, and portfolio construction.

The Portfolio Management Rotational Analyst role spans a broad spectrum of research, investment, and technical tasks. The role involves both validating the inputs to our models as well as the output from the quantitative signals used to make buy/sell decisions. You will monitor portfolio risk and country/sector exposures, analyze portfolio returns, and conduct analysis for client communications. You will analyze the output of our portfolio construction process to ensure the integrity of our investment philosophy. Assist research and portfolio management teams with enhancing existing signals and creating new signals.  You will potentially rotate through the Fixed Income, Equities (EM or DM), Alternatives or Tax Aware teams.      

As a Quantitative Developer Rotational Analyst in Technology, you will be working directly with the research and portfolio management teams to implement new ideas and signals which explain and outperform the market. This includes responsibility for the continued success of Raptor, our in-house Quant Platform, and building the tools, frameworks, libraries and applications which power our Quantitative Research and Systematic Trading. Your challenges will be varied and might involve implementing signals, analyzing and onboarding new datasets, cluster-computing solutions, numerical algorithms, and developing portfolio optimization toolkits.

Key competencies

• Strong academic record and undergraduate degree in finance, mathematics, statistics, computer science, economics, or engineering, with a minimum GPA of 3.5/4.0
  
• Strong programming and statistical analysis skills (e.g., Python, R) and the ability to communicate complex ideas clearly
• Demonstrated problem solving ability
• Self-organized with the ability to effectively manage time across multiple projects and with contending business demands and priorities
• Focused on delivering value to the business with steadfast efforts to improve process

The Fixed Income Associate Portfolio Manager role spans a broad spectrum of research, investment, and technical tasks as part of the systematic fixed income team (Credit and Rates). The successful candidate for this highly competitive position will work closely with a team of other Portfolio Managers and Portfolio Analysts to build and implement Numeric’s investment strategies. This involves both validating the inputs to our models as well as the output from the quantitative signals used to make buy/sell decisions. The Associate Portfolio Manager will also monitor portfolio risk, analyze portfolio returns, and conduct analysis for strategy improvement and client communications. In addition to the day-to-day implementation of Numeric's strategies, successful candidates will contribute to research projects in conjunction with Numeric's central research team.

Primary Responsibilities

• Work with Portfolio Managers to validate the inputs and outputs of our investment signals and assist with the day to day management of the portfolio

• Analyze the output of our portfolio construction process to ensure the integrity of our investment philosophy

• Assist research and portfolio management teams with enhancing existing signals and creating new signals

• Work with large data sets and liaise with outside data vendors to identify data quality issues

• Design tools for evaluating portfolio implementation and performance

• Conduct analysis for strategy improvement and client communication

Qualifications

• Minimum of undergraduate and/or graduate coursework in finance, mathematics, statistics, computer science, economics or accounting.

• Previous coding experience in Python, Matlab or R necessary.

• Recent Graduates encouraged to apply.

• 3+ years of quantitative analysis experience preferred.

• Solid understanding of accounting and financial statement analysis.

• Strong programming and statistical analysis skills.

• Strong work ethic and flexible work schedule.

• Detail oriented, good communication skills and a collaborative personality.

Role Overview

As a member of the Business and Investment Production Support (BIPS) team, the associate engineer will play a crucial role in coordinating and maintaining the automated investment processes within the firm. This involves maintaining and monitoring the production environment and providing technical support for various processes such as database jobs, modelling tasks, reporting and analytics. The team member will collaborate with developers, researchers, and portfolio managers to implement new models and strategies, data source changes, adjust job scheduling and enhance production processes.

Key responsibilities

• Control-M Scheduling: Establish and enforce standards within the Control-M scheduling software.
• Model/Sim Integration: Deploy new models and simulators into the production environment.
• Production Monitoring: Oversee the production environment, debugging real-time issues across various technology components and applications to resolve problems quickly and efficiently. 
• Sprint Collaboration: Participate in weekly sprints to prioritize and assign case work, including schedule, data, and code changes.
• Schedule Coordination: Work with developers to align schedule changes with code modifications.
• Communication: Effective communication with the business and investment personnel regarding production timing, potential delays and task coordination.
• Incident Management: Track and manage production incidents, coordinating with necessary teams, documenting updates and progress, whilst assisting with triaging.
• Change Management: Adhere to change management protocols to review, test, and implement changes.
• Release Management: Execute the weekly release process, transitioning code changes from staging to production.
• Process Improvement: Recommend and lead the implementation of workflow enhancements.
• Project Management: Work on case-based projects focused on production maintenance, process improvements, and addressing business needs.
• On-Call Duties: Ability and willingness to perform on-call responsibilities on a weekly rotation, including nights and weekends.

Opportunities for Growth:

• Participate in ten-percent strategic development projects that span multiple technology teams, enhancing your skills and contributing to your career progression within the firm.

Technology and Business Skills

Essential

• Bachelor’s degree or equivalent experience.
• Strong technical/computer knowledge.
• Experience operating in Unix or Linux environments.
• Knowledge of SQL and/or Python programming.

Advantageous

• Degree in computer science or related STEM field.
• Experience in a production deadline environment.
• Experience with scheduling tools such as Control-M.
• Experience with source control tools and coordinating code changes.
• Understanding of incident management frameworks and best practices.
• Understanding of finance or investment principles.
• Solid understanding of relational database concepts.

Personal Attributes

• Highly self-motivated and able to work independently and collaboratively with teams.
• Innovative and creative in solving technical problems.
• Process-oriented with multiple troubleshooting techniques.
• Careful attention to detail to ensure accurate diagnosis and resolution of issues.
• Adaptable to changing conditions, processes and procedures.
• Ability to prioritize tasks and manage time efficiently, handling multiple support tickets simultaneously.
• Ability to apply knowledge to develop solutions for new and unfamiliar problems.

Job Description

The US Systematic Wealth team is looking to hire a Tax Manager supporting Man's US tax aware commingled funds and separately managed accounts. The role involves establishing and maintaining tax compliance processes, providing proactive tax advisory to the investment team, and ensuring the funds' tax positions are optimized. The role will suit a highly driven candidate who is motivated to be part of a growing function at Man and develop their career as the business scales. A core expectation of the Tax Manager will be to leverage their experience to establish appropriate tax frameworks and controls alongside the broader Middle Office and Investment teams. The Tax Manager will be responsible for a significant portion of the day-to-day tax operations and managing relationships with external tax advisors and counterparts.

Responsibilities:

• Tax Compliance & Reporting: Directing and overseeing tax compliance for Man's non-Section 475(f) hedge funds and separately managed accounts, including oversight of all federal, state, and investor-level tax reporting (e.g., Form 1065, K-1s, tax estimates, pro formas, withholding obligations).
• Tax Aware Strategy Advisory: Partnering with portfolio managers and the investment team to proactively advise on the tax implications of trading activity, recommending adjustments to strategies to maximize after-tax returns (e.g., tax-loss harvesting, wash sale management, holding period optimization, short-term vs. long-term gain/loss positioning).
• Complex Transaction Tax Analysis: Analyzing the tax treatment of complex transactions — including constructive sales, straddles, Section 1256 contracts, swaps, and other derivatives — ensuring accurate characterization and reporting.
• Liaising with external tax advisors, fund administrators, and auditors to reconcile tax positions, review draft returns, and oversee all tax-related activity performed by third-party service providers.
• Overseeing the establishment and maintenance of tax accounting procedures to support the financial and regulatory reporting obligations of the funds, including book-to-tax adjustments.
• Monitoring legislative and regulatory developments affecting the tax treatment of fund strategies and communicating impacts to senior stakeholders and the investment team.
• Ensuring the quality and effectiveness of tax controls through identification and mitigation of tax risks and the documentation of any enhancements to the tax governance framework.
• Oversight of tax lot accounting, cost basis reporting, and wash sale tracking across funds and managed accounts.
• Actively identifying trends and potential issues with tax positions to improve the control environment, drive efficiencies, and minimize tax leakage.
• Taking a proactive and innovative approach to enhancing tax processes and maintaining internal tax policies and procedures manuals.

Key Skills & Experience:

• 5+ years of tax experience in asset management, public accounting (Big 4 preferred), or a combination thereof.
• Deep knowledge of tax compliance for non-Section 475(f) hedge funds, including partnership taxation, investor allocations, tax lot accounting, cost basis reporting, straddles and wash sale management, and the treatment of capital gains/losses vs. ordinary income/losses for complex financial instruments.
• Experience with tax aware or tax-managed investment strategies — understanding how investment decisions impact after-tax outcomes and the ability to translate tax rules into actionable guidance for portfolio managers (e.g., tax-loss harvesting, wash sale management, holding period optimization, short-term vs. long-term gain/loss positioning)..
• Strong expertise in complex financial instruments and transactions, including derivatives, swaps, straddles, Section 988, Section 1256 contracts, wash sales and constructive sale rules.
• Knowledge of commingled fund structures and separately managed accounts.
• Knowledge of the nuances in tax treatment for Fixed Income, Equity, and Derivative products.
• Experience working at an Investment Manager/Advisor preferred.
• CPA and/or MScT (Master of Science in Taxation) strongly preferred.
• Excellent Microsoft skills (PowerPoint, Excel, and Word).
• Strong communication skills, strong business knowledge, and ability to multitask.
• A team player who is also comfortable taking individual ownership.
• Ability to communicate effectively with multiple senior stakeholders, including portfolio managers, legal, and compliance.

About Man Numeric 

Man Numeric is a fundamentally-driven systematic investment manager. It takes a bottom-up approach to research and security selection and distils its findings into systematic processes that are applied across regions, styles and capitalisations. It offers long-only and alternative investment strategies that invest in both equity and credit markets.

The firm’s research-driven culture, which is underpinned by advanced technology and data science techniques, focuses on innovation and enhancement across alpha generation, risk management, portfolio construction and implementation.

Man Numeric has capabilities in systematic responsible investing, offering dedicated quantitative strategies and incorporating proprietary ESG and Climate alpha signals across a diverse range of strategies.

Founded in 1989 and becoming part of Man Group in 2014, Man Numeric’s funds under management were $32.0 billion at 30 June 2022. Further information can be found at www.man.com/numeric.

Role Overview

• Take ownership of day-to-day portfolio management workflows, including validating the implementation of the investment strategies
• Analyze the output of our portfolio construction process to ensure the integrity of our investment philosophy and improve the outcomes
• Identify and champion new alpha and risk management ideas from concept through to implementation
• Design tools for evaluating and improving portfolio implementation and performance
• Drive signal enhancement initiatives in partnership with research teams, and develop independent research ideas with a clear path to production
• Own the analytical narrative for client communications and presentations
• Work across teams within Man Group to solve investment, technical, and operational challenges

• Undergraduate and/or graduate coursework in accounting, finance, statistics, computer science, economics, or mathematics
• Coding experience required, Python preferred
• Solid understanding of accounting and financial statement analysis
• Deep interest in investing and the financial markets
• Ability to communicate complex quantitative concepts clearly to both technical and non-technical audiences
• Demonstrated track record of self-directed projects or research
• Strong sense of integrity

• Exposure to live systematic investment processes managing significant AUM
• Direct interaction and mentorship from senior PMs and the research team
• A culture that rewards initiative and offers strong career development opportunities

Purpose of the Role

The Investment Operations team provides operational services to the AHL, GLG, and Numeric fund managers, covering all securities across all markets. As a Trade Operations Analyst you will ensures that all trades booked by these fund managers are true and accurate, while maintaining strong risk management standards.

Key Responsibilities

Trade Confirmation & Settlement

• Confirm and match all trades in a timely manner
• Monitor inbox to mitigate risk on potential settlement issues
• Resolve trade settlement issues promptly
• Monitor unconfirmed and failing trades
• Investigate and clear all nostro breaks in securities transactions
• Improve STP rates at Custodians and Prime Brokers
• Perform monthly CSDR investigation and reimbursements as needed

Trade Lifecycle & Data Management

• Trade amendments, event processing, and reference data maintenance to ensure accurate representation of positions, P&L, and exposures in risk management systems
• Perform daily reconciliation of trade activity for cash and positions
• Continually improve data quality and consistency
• Ensure security data integrity across multiple internal systems
• Maintain integrity of financial and confidential data

Stakeholder Management

• Act as central point of contact for all broker queries
• Act as subject matter expert for Equity, Bond, and OTC products across Man Group
• Manage queries from internal and external clients efficiently
• Build and maintain third-party relationships with Prime Brokers, Custodians, and Counterparties

Process Improvement & Governance

• Continually review and improve working practices/processes; automate end-to-end processes where possible
• Liaise with global Tech & Ops counterparts on strategic initiatives, provide expertise for processes & systems, assist in testing technology rollouts, and drive enhancements
• Implement and execute processes within a control infrastructure that mitigates operational risk
• Collate and present key governance metrics to the business regularly
• Ensure all functions performed are in line with Man Group's growth or contraction

Compliance & Risk

• Ensure all processes meet minimum Audit and Internal Control framework requirements
• Maintain awareness of compliance and regulatory data requirements; manage impacts appropriately
• Assist with periodic compliance and regulatory projects
• Identify actual or potential instances of non-compliance with regulations
• Identify complex events and communicate to team members

Collaboration

• Work alongside other Ops teams to provide cover and product knowledge
• Represent the Equity, Bond, OTC Derivatives Confirmations/Settlement team across Man Group

Key Skills & Experience

Product Knowledge

• Full understanding of financial instruments, specifically Equity, Bonds, and OTC (Swaps)
• Broad understanding of settlement intricacies across multiple regions

Technical Skills

• Strong Excel and Microsoft Office skills
• Broad application skills across multiple platforms
• Experience with Bloomberg, Salerio, DTCC CTM, ALERT, Traiana, ICE (desirable but not essential)

Core Competencies

• Strong analytical skills to understand a broad set of products and complex end-to-end workflows
• Detail-oriented with a control mindset
• Accuracy with strong attention to detail
• Ability to multi-task and prioritize in a fast-paced environment
• Excellent communication skills; ability to partner with Front Office, Tech, and Operations teams globally
• Strong prioritization and planning skills
• Ability to articulate operational needs
• Teamwork approach
• Efficient and ethical
• Willingness to work flexible hours as needed

About Man Numeric 

Man Numeric is a fundamentally-driven systematic investment manager. It takes a bottom-up approach to research and security selection and distils its findings into systematic processes that are applied across regions, styles and capitalisations. It offers long-only and alternative investment strategies that invest in both equity and credit markets.

The firm’s research-driven culture, which is underpinned by advanced technology and data science techniques, focuses on innovation and enhancement across alpha generation, risk management, portfolio construction and implementation.

Man Numeric has capabilities in systematic responsible investing, offering dedicated quantitative strategies and incorporating proprietary ESG and Climate alpha signals across a diverse range of strategies.

Founded in 1989 and becoming part of Man Group in 2014, Man Numeric’s assets under management were $39.4 billion at 30 September 2023. Further information can be found at www.man.com/numeric.

Purpose of the role

Develop and improve quantitative investment strategies in financial markets within the Strategic Alpha Research team (SAR). Support all equity and fixed income strategies from alpha generation through to trade execution and implementation and work closely with other team members to create new and support existing strategies by identifying new investment ideas or innovative data sources; gathering and refining complex data for modeling; coding and performing statistical analysis to build and refine models; and interpreting, presenting, and implementing the results. Will also conduct research on various implementation aspects of investment strategies such as trading cost models, risk models, optimization, and portfolio construction.

Key competencies

• Bachelor’s degree in finance, mathematics, statistics, computer science, economics, or engineering
• Passion in investment research with strong intuition and the ability to think-out-of-the-box
• Strong record of original research and demonstrated problem solving ability.
• Excellent quantitative skills from training in econometrics or statistics, and extensive experience in utilizing those skills in empirical research.
• Strong programming skills analyzing large and complex data with statistical tools (Python preferred)
• Ability to communicate complex ideas clearly.
• Prior experience in the investment field, especially in credit markets, is a plus but not required.

Algo Research Team

Algo Research team is responsible for alpha research across a wide range of time-scales (from high-frequency up to ~48 hours), design of monetization/execution algos and market impact modelling across all major asset classes (including Cash Equities, Futures, FX, Options). We work in close collaboration with various systematic research teams across Man Group to maximise realized P&L of strategies. Algo Research is one of the key focus areas for Man.

We are looking for a Quantitative Researcher with a primary focus on Cash Equities whose responsibilities will include:

• Creating high quality intraday predictive alpha signals in cash equities, from order book and alternative datasets
• Applying ML techniques to alpha research
• In-depth market impact modelling
• Solving optimal execution optimization problems
• Identifying highest P&L opportunities
• Close collaboration with researchers across the firm  

Technology and Business Skills

Essential

• Ability to think creatively, to come up with and implement original research and ideas
• Exceptional analytical skills; recognised by peers as an expert in one’s domain
• Deep understanding of statistics/ML and an ability to apply it to real world problems
• Expertise in a high-level programming language such as Python/ R

Advantageous

• Knowledge of market structure, participants, trading venues and microstructure of at least one of the major asset classes
• Experience in intraday alpha research
• Experience in building ML models
• Experience with handling large data sets and tick data

Personal Attributes

• PhD or exceptional Masters / Bachelor’s qualification in a quantitative subject
• Intellectual integrity with a keenly analytic approach to problem solving
• Ability to deliver projects with high commercial value
• Hands-on attitude; willing to get involved with technology and projects across the firm
• Self-organised with the ability to effectively manage time across multiple projects and with competing business demands and priorities
• Strong interpersonal skills; adaptability and ability to establish and maintain a close working relationship with quantitative researchers, technologists, traders and senior business people alike
• Confident communicator, able to argue a point concisely and deal positively with conflicting views