Quantitative Portfolio Construction Analyst - Optimization

The Portfolio Optimization Group within Investment Management (WMAS) is responsible for personalized and tax-aware investment solutions at scale through the utilization of client data, portfolio construction guidance, investment and risk analytics, and optimization algorithms. Specifically, the team provides the investment engine which supports Personalized Research Models (about 35B) and Portfolio Assistant (about 40B).

What You Will Do

• Carry out research and design efforts related to portfolio optimization, including the development of objective functions, benchmark-relative constraints, and investment universes.
• Construct tax-efficient portfolios aligned with client goals and preferences.
• Apply in-depth knowledge of factors, sectors, styles, and other portfolio characteristics to inform and enhance the portfolio construction and optimization process.
• Continuously refine optimization frameworks to improve performance outcomes and tax efficiency.
• Partner with team leadership to develop and present portfolio optimization strategies and recommendations to senior management.
• Collaborate across departments, committees, and firm-wide initiatives to support strategic decision-making aligned with long-term organizational goals.
• Deliver clear, concise, and impactful written and verbal communication of portfolio optimization insights, recommendations, and analysis to investment stakeholders and leadership.

What Experience You Need

• Bachelor's degree in Finance, Economics, Mathematics, Engineering, or a related quantitative field required.
• CFA designation (completed or in progress) required.
• Series 7 and 66 licenses, or ability to obtain within six months.
• 5+ years of experience in portfolio construction, optimization, or investment management or alternatively 7+ years' experience in investment management.
• Demonstrated experience and strong interest in portfolio construction and optimization.
• Proficiency with analytical tools and platforms, including Microsoft Office, Python, Tableau, and investment risk systems (e.g., Aladdin, Axioma).
• Strong understanding of capital markets, asset classes, and investment instruments.
• Prowess in applying factor-based analysis across both equity and fixed-income portfolios.

What Could Set You Apart

• Advanced degree (e.g., MBA or graduate degree in quantitative disciplines, computer science, or data analytics) preferred.

Team members are expected to work in the office four days per week. At Edward Jones, we are building a place where everyone feels like they belong. We're proud of our associates' contributions to the firm and the recognitions we have received. Check out our U.S. awards and accolades: Insights & Information Blog Postings about Edward Jones. And our Canadian awards and accolates: Insights & Information Blog Postings about Edward Jones.

Edward Jones does not discriminate on the basis of race, color, gender, religion, national origin, age, disability, sexual orientation, pregnancy, veteran status, genetic information or any other basis prohibited by applicable law. Edward Jones' compensation and benefits package includes medical and prescription drug, dental, vision, voluntary benefits (such as accident, hospital indemnity, and critical illness), short- and long-term disability, basic life, and basic AD&D coverage. Short- and long-term disability, basic life, and basic AD&D coverage are provided at no cost to associates. Edward Jones offers a 401k retirement plan, and tax-advantaged accounts: health savings account, and flexible spending account. Edward Jones observes ten paid holidays and provides 15 days of vacation for new associates beginning on January 1 of each year, as well as sick time, personal days, and a paid day for volunteerism. Associates may be eligible for bonuses and profit sharing. All associates are eligible for the firm's Employee Assistance Program. For more information on the Benefits available to Edward Jones associates, please visit our benefits page.