Jobs · Analyst · Illinois

Vice President or Principal, Quantitative Research Specialist

Adams Street Partners · Chicago, IL · 6 days ago
Analyst$175k–$250k/yrFull-time

About the role

The Investment Strategy and Risk Management (ISRM) team at Adams Street Partners is responsible for overseeing and contributing to the top-down portfolio construction of the firm's portfolios. This role involves interaction with senior management across various investment teams and the client-facing part of the organization.

Responsibilities

  • Design and build statistical models to evaluate alternative datasets, assess portfolio risk, and optimize investment strategies for illiquid assets, including private equity and private debt.
  • Translate complex private markets data into actionable, client-ready insights for internal stakeholders and external clients.
  • Integrate, clean, and analyze large and complex datasets, including alternative investment datasets that may be unstructured or imperfect.
  • Identify value drivers, market behaviors, and trends that can inform investment decision-making.
  • Develop advanced analytic models, scenario analyses, and simulation-based frameworks, including Monte Carlo simulations, to support risk-aware portfolio construction and investment processes across subclasses, strategies, and products.
  • Generate original, proprietary research and develop clear, concise white papers, presentations, and other materials for internal stakeholders and external clients.
  • Partner with software developers, Data Management, IT, and model validation teams to deploy quantitative code and analytics.
  • Maintain and enhance existing analytic applications and support the use of analytic models for marketing, client service, and investment-related use cases.
  • Collaborate with existing technical resources to optimize where data is stored, how it is accessed, and how end users can effectively leverage data and analytics.
  • Manage multiple workflows and projects, including tracking dependencies, deliverable dates, milestones, and stakeholder inputs.
  • Prioritize and execute work independently while maintaining accuracy, quality, and timeliness.

Requirements

  • Advanced degree in Mathematics, Statistics, Computer Science, Finance, Economics, or a similar quantitative field.
  • CFA® charterholder preferred but not required.
  • Background in quantitative finance, financial engineering, or quantitative modeling strongly preferred.
  • 5–10 years of relevant experience in a quantitative role within asset management.
  • Minimum of 2 years of experience involving private markets investment processes and portfolios, such as private equity or private debt.
  • Strong quantitative, analytical, critical thinking, and problem-solving skills, with the ability to apply robust statistical techniques to large, complex, and imperfect datasets.
  • Exposure to quantitative or statistical modeling techniques used in portfolio analytics, forecasting, and risk management.
  • Strong programming capabilities, including proficiency in Python, R, SQL, and/or C++.
  • Experience with common database and software platforms required.
  • Familiarity with machine learning and AI workflows preferred.
  • Strong understanding of investment management concepts, including accounting principles, portfolio theory, equity valuation, factor models, asset allocation, portfolio optimization, liquidity risk management, and performance measurement.
  • Familiarity with private investment vehicles and the considerations involved in managing private capital strongly preferred.
  • Ability to translate technical methodologies into clear, commercial, and client-oriented insights.
  • Demonstrated experience communicating and collaborating across multiple internal and external stakeholders, including technical and non-technical audiences.
  • Ability to manage priorities independently, maintain accuracy under tight deadlines, and drive projects from concept through execution.
  • Experience directing and managing support staff a plus.

Benefits

Adams Street Partners offers a competitive U.S. benefits package designed to support health, financial security, and work-life balance. Highlights include medical, dental, and vision coverage; a 401(k) with immediate vesting and employer match; profit sharing; flexible spending accounts (FSA); and paid parental leave, including adoption. Employees also receive generous paid time off, commuter benefits, employer-paid short- and long-term disability and life insurance, and access to additional voluntary benefits.

Pay

$175,000—$250,000 USD

Schedule

Full-time

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