AVP, Applied Research Unit, Portfolio Execution Group

GIC is one of the world’s largest sovereign wealth funds. With over 2,000 employees across 11 locations around the world, we invest in more than 40 countries globally across asset classes and businesses. Working at GIC gives you exposure to an extraordinary network of the world’s industry leaders. As a leading global long-term investor, we Work at the Point of Impact for Singapore’s financial future, and the communities we invest in worldwide.

Portfolio Execution Group (Applied Research Unit)

The Applied Research Unit, sitting within our Portfolio Execution Group, specializes in multi-asset quantitative research, focusing on market microstructure and liquidity modelling to improve execution outcomes and systematize decision-making processes. We collaborate closely with GIC’s traders, investment teams, risk management, and total portfolio functions to enhance strategy implementation while providing valuable insights into liquidity and market structure.

We are seeking a candidate with research experience in fixed income markets, particularly corporate bonds, to support the team’s growth and enhance our capacity to deliver proactive analysis and data-driven consultancy to internal stakeholders. While this role is based in Singapore, the successful candidate will play a crucial role in contributing to the team's initiatives across global markets.

Key Responsibilities

As a fixed income focussed Quant Researcher, you will:

• Work with an established team to deliver actionable analysis on topics such as counterparty selection, optimal execution, market impact modelling, volume prediction, regime identification and TCA, applying ideas from both academia and industry.
• Influence execution outcomes by delivering innovative quantitative and systematic solutions in a collegiate and collaborative environment. Actively contribute to team research discussions.
• Own research projects from ideation to production, leveraging a dedicated team of developers to implement models and quickly see your impact.
• Demonstrate intellectual flexibility and curiosity about markets, identifying opportunities to enhance GIC's approach to execution and understanding of fixed income market microstructure.
• Build a strong understanding of internal mandates and investment styles, from quant to fundamental, to identify potential projects and collaborations across the business. Regularly interact with portfolio managers.

Qualifications and Skills

The ideal candidate will possess:

• Two to five years of professional experience in a quantitative role (e.g., analyst, researcher, trader, PM). PhDs in relevant fields without industry experience will also be considered.
• A genuine interest in global fixed income market microstructure and current events, with the ability to transform data into actionable insights. Familiarity with FX market structure would be beneficial to the role.
• A strong understanding of the fixed income data landscape (e.g. TRACE, evaluated prices), preferably with direct experience of fixed income Transaction Cost Analysis (TCA).
• A practical understanding of the relevance and application of machine learning methods to execution and counterparty selection.
• A proven track record of producing models and analysis based on quantitative methods.
• Direct experience in planning and executing research projects.
• Excellent coding skills in languages such as Python, R, SQL, and kdb/Q. Experience with platforms such as Databricks.
• Exceptional attention to detail and a commitment to maintaining the highest standards of accuracy and rigour in all tasks.

Work at the Point of Impact
We need to be forward-looking to attract the right people to help us become the Leading Global Long-term Investor. Join our ambitious, agile, and diverse teams - be empowered to push boundaries and pursue innovative ideas, share your views, and be heard. Be anchored on our PRIME Values: Prudence, Respect, Integrity, Merit and Excellence, which guides us in how we make our day-to-day decisions. We strive to inspire. To make an impact.

Flexibility at GIC

At GIC, our offices are vibrant hubs for ideation, professional growth, and interpersonal connection.  At the same time, we believe that flexibility allows us to do our best work and be our best selves.  Thus, our teams come into the office four days per week to harness the benefits of in-person collaboration, but have the flexibility to choose which days they work from home and adjust this arrangement as situational needs arise.

We are an equal opportunity employer
As an employer, we passionately believe every individual brings with them unique diversity of thought and perspectives to meaningfully enrich perspectives of GIC teams to drive competitive performance. An inclusive environment yields exceptional contribution.

Learn more about our Portfolio Execution Group​ Department here: https://gic.careers/group/portfolio-execution-group/