VP Risk & Quantitative Analysis

VP RISK & QUANTITATIVE ANALYSIS

Canvas is seeking a VP Risk & Quantitative Analysis to join the Investment Risk & Quantitative Analysis team within the broader Risk organization. The Risk team is responsible for identifying, assessing, and mitigating business, operational, and investment risks across the firm. Anchored in the firm's philosophy of Learn, Build, Share, Repeat, the team continuously evolves its frameworks and processes to enhance risk visibility and support informed decision-making.

This role is focused on advancing the firm's quantitative capabilities across portfolio construction, optimization validation, and tax-aware investing. This role sits at the intersection of portfolio construction, risk analytics, and quantitative research. The position offers significant exposure to large-scale portfolio implementation across thousands of accounts, with a focus on improving tracking accuracy, tax efficiency, and overall portfolio outcomes. This is a highly visible opportunity to directly influence the evolution of Canvas's quantitative investment platform.

The responsibilities include:

• Enhance model transparency and robustness by independently validating optimization outputs, improving tax-alpha methodologies, and developing advanced risk and analytics frameworks
• Partner closely with Portfolio Management, Research teams to evaluate model performance, diagnose portfolio outcomes, and enhance the firm's optimization and tax-aware investment processes
• Create portfolio optimization(s) to independently validate optimization outputs, with a focus on identifying and analyzing discrepancies in tracking error and tax-loss harvesting results compared to our core portfolio optimizers at the account level
• Evaluate and improve the firm's Tax Alpha model, assessing the effectiveness of tax-loss harvesting strategies and analyzing dispersion across portfolios and accounts
• Design and implement advanced risk and performance diagnostics to better understand portfolio outcomes, including tracking error, factor exposures, and tax impacts
• Lead the development of integrated risk checks leveraging Aladdin and/or Barra, and direct indexing data to analyze dispersion, identify underlying drivers, and provide actionable insights
• Partner with Portfolio Management and Research teams to share findings and iterate framework and models based on feedback
• Analyze portfolio performance drivers, including return, volatility, and tax impacts
• Develop and maintain scalable analytics and tooling using Python (or C#), SQL, and other technologies to support ongoing research and monitoring
• Contribute to the evolution of quantitative investment processes, including optimization techniques, tax-aware strategies, and portfolio construction frameworks

To be successful in this role, you should have:

• 5+ years of experience in quantitative research, portfolio construction, or a related investment role within investment management
• Strong background in portfolio optimization, factor models, and direct indexing strategies
• Strong technical and analytical expertise, with experience in portfolio optimization, direct indexing, and quantitative investment strategies
• Experience evaluating or building tax-aware investment strategies, including tax-loss harvesting methodologies
• Proficiency in programming and data analysis, including Python (and/or C#) and SQL
• Familiarity with industry risk and analytics platforms such as Barra and Aladdin
• Strong quantitative and problem-solving skills, with the ability to translate complex analyses into actionable insights
• Experience working with large-scale portfolio datasets and account-level analysis

Soft skills include:

• Strong communication skills, with the ability to partner effectively across investment, research, and risk teams
• Ability to work independently in a fast-paced, collaborative environment and manage multiple priorities

Work Schedule & Location:

• This is a hybrid role that can be based out of Stamford, CT or NYC whereby the employee will work out of the office 3 days per week.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.

Franklin Templeton offers employees a competitive and valuable range of total rewards, monetary and non-monetary, designed to support the whole person and to recognize their time, talents, and results. Along with base compensation, other compensation is offered such as a discretionary bonus, 401k plan, health insurance, and other perks. There are several factors taken into consideration in making compensation decisions including but not limited to location, job-related knowledge, skills, and experience. At Franklin Templeton, we apply a total reward philosophy where all aspects of compensation and benefits are taken into consideration in determining compensation. We expect the salary for this position to range between $147,000 - $160,000 per year depending on location plus bonus opportunity.

Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and employees, and we evaluate qualified applicants without regard to ancestry, age, color, disability, genetic information, gender, gender identity, or gender expression, marital status, medical condition, military or veteran status, national origin, race, religion, sex, sexual orientation, and any other basis protected by federal, state, or local law, ordinance, or regulation.