About the Investing Team:

The Investing Team at Betterment is responsible for strategic asset allocation of our core portfolios, including support of algorithmic fund selection and risk advice. The team is composed of quantitative finance experts who use mathematical and statistical tools to prototype, test and analyze models which include, but are not limited to, financial planning models, tax overlay trading strategies, and due diligence on alternative investment strategies. Additionally, the team is also responsible for the education of our customers, which we do through writing white papers, blog posts and speaking engagements at conferences.

About the right team member: 

You’re an algorithmic investing nerd. You’re all about optimization, and you sweat the details. You’re analytical and curious by nature. You seek the truth through detailed analysis of data. You solve problems by writing excellent code. You are creative and trust your intuition, but demonstrate it through empirical evidence.

At Betterment you will get to: 

  • Design and analyze portfolio management strategies, including rebalancing, asset location, trading methods, and dynamic adjustments
  • Develop and maintain strategic asset allocation for model portfolios through thoughtful testing with monte-carlo simulations and use of historical scenario stress-testing.  
  • Support investment selection and analysis
  • Perform market simulations to calibrate and validate investing algorithms and parameters
  • Work across the organization - Trading, Product, Engineering - to bring investing products to life
  • Collect, clean and check data
  • Have an opinion, and back it up with evidence
  • Research, design and implement statistical models to analyze raw data from databases
  • Proactively collaborate cross functionally with internal teams to source and test new ideas

You will be effective if you have: 

  • 2-4 years of financial industry experience, ideally at a bank or large asset management firm
  • A background in Math, Stats, Econ, Finance, CS, EE, or related field
  • A deep passion for making investing better, combined with an eye for detailed testing
  • Strong knowledge of R, Python, or another serious statistical computing language
  • Experience writing production-quality, scalable, efficient code for reliable testing and analysis  
  • Desire to tackle difficult problems with elegant solutions
  • Strong technical and analytical skills and familiarity with financial datasets across different asset classes
  • Clear and effective communication skills (both verbal and written), especially for presenting complex quantitative research to experts and non-experts

Bonus points if you have: 

  • A professional background in automated trading
  • Expertise with index and portfolio construction

About Betterment

Betterment is the largest independent online financial advisor with more than $12 billion in assets under management. The service is designed to help increase customers’ long-term returns and lower taxes for retirement planning, building wealth, and other financial goals. Betterment takes advanced investment strategies and uses technology to deliver them to more than 300,000 customers across its three business lines: direct-to-consumer, Betterment for Advisors, and Betterment for Business. Learn more.

Come join us!

Apply for this Job
* Required
File   X
File   X

U.S. Equal Opportunity Employment Information (Completion is voluntary)

Individuals seeking employment at Betterment are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation. You are being given the opportunity to provide the following information in order to help us comply with federal and state Equal Employment Opportunity/Affirmative Action record keeping, reporting, and other legal requirements.

Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

Race & Ethnicity Definitions

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection. As a government contractor subject to Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measure the effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categories is as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Form CC-305

OMB Control Number 1250-0005

Expires 1/31/2020

Voluntary Self-Identification of Disability

Why are you being asked to complete this form?

Because we do business with the government, we must reach out to, hire, and provide equal opportunity to qualified people with disabilities1. To help us measure how well we are doing, we are asking you to tell us if you have a disability or if you ever had a disability. Completing this form is voluntary, but we hope that you will choose to fill it out. If you are applying for a job, any answer you give will be kept private and will not be used against you in any way.

If you already work for us, your answer will not be used against you in any way. Because a person may become disabled at any time, we are required to ask all of our employees to update their information every five years. You may voluntarily self-identify as having a disability on this form without fear of any punishment because you did not identify as having a disability earlier.

How do I know if I have a disability?

You are considered to have a disability if you have a physical or mental impairment or medical condition that substantially limits a major life activity, or if you have a history or record of such an impairment or medical condition.

Disabilities include, but are not limited to:

  • Blindness
  • Deafness
  • Cancer
  • Diabetes
  • Epilepsy
  • Autism
  • Cerebral palsy
  • Schizophrenia
  • Muscular dystrophy
  • Bipolar disorder
  • Major depression
  • Multiple sclerosis (MS)
  • Missing limbs or partially missing limbs
  • Post-traumatic stress disorder (PTSD)
  • Obsessive compulsive disorder
  • Impairments requiring the use of a wheelchair
  • Intellectual disability (previously called mental retardation)
Reasonable Accommodation Notice

Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

1Section 503 of the Rehabilitation Act of 1973, as amended. For more information about this form or the equal employment obligations of Federal contractors, visit the U.S. Department of Labor's Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp.

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.

Share this job: