FEN Jobs: ALPHA MANAGEMENT GROUP

                       ALPHA MANAGEMENT GROUP
                        London/San Francisco

                          Research Officer


     Barclays Global Investors (BGI) is America's largest money
     manager, providing structured investment strategies such as
     indexing, risk-controlled active products, and exchange
     traded funds to investors worldwide. For 35 years, BGI has
     been at the forefront of developing innovative investment
     ideas, applying science and technology to the investment
     process. The Barclays PLC subsidiary employs over 3,500
     people globally and manages $2 trillion in assets.


     OVERVIEW:

     BGI's Alpha Management Group (AMG) is responsible for the
     construction, support, and maintenance of its fund of hedge
     funds products. The group supports the BGI Multi-Strategy
     Fund which is a fund of internally managed hedge funds as
     well as the AlpEx Products, a fund of externally managed
     hedge funds.

     The core responsibility of this role is focused on the
     research and development of the external fund of hedge
     funds products, while providing general support to the rest
     of the business. The role spans research, data management,
     and data infrastructure functions. The balance between
     these areas adjusts according to business needs.


     RESPONSIBILITIES:

     - Establishment and execution of research agenda.
     - Analysis of fund return series and identification of
       alpha.
     - Support and maintenance of multi-factor risk models.
     - Reconciliation and quality assurance of cross-sectional
       and time-series data.
     - Identification of development requirements in an IT-owned
       data warehouse and the specification of solutions.
     - Construction and development of a research environment
       and tools.
     - Portfolio optimization and back-testing.
     - Investigation of research ideas to improve product
       quality and guide investment decisions.

     Thought leadership and business support such as writing
     white papers and supporting product collateral.


     JOB QUALIFICATIONS:

     - Advanced Degree in a relevant quantitative subject.
     - Proven experience in a similar quantitative role.
     - Familiarity with a statistical software package (i.e.
       SAS, Matlab, or Splus) or a programming language (i.e.
       C++ or Java) and Unix, Unix Scripting, or Linux Scripting
       (i.e. C-Shell or Perl).
     - Experience working with large datasets and statistical
       analysis.
     - Ability to carefully implement BGI's quantitative
       approach and tools to fund performance analysis and
       attribution.
     - Attention to, and an eye for, detail.
     - Sufficient flexibility to undertake all quantitative
       parts of the investment research process from data
       receipt and manipulation through to investment decision
       making.
     - Ability to find constructive solutions to computational
       problems.
     - Enthusiasm and willingness to adapt to the needs of a
       growing business.
     - Ability to constructively communicate with peers and
       colleagues (investment, portfolio management, client-
       facing, IT...).
     - Knowledge of concepts and applications of Modern
       Portfolio Theory (i.e. risk-return analysis, performance
       attribution and portfolio optimization) and multi-factor
       risk modeling (i.e. MSCI/BARRA, Northfield, Wilshire,
       Axioma, or similar) is a plus.
     - Familiarity with market information tools (e.g.
       Bloomberg, Reuters, IDC, DataStream), financial
       accounting, and financial instruments and markets from an
       index/data perspective is a plus.


     APPLICATION PROCEDURE:

     To apply, use this URL:

https://barclays.recruitmax.com//main/careerportal/candidate_update.cfm?szOrderID=2940
Posted 3/2/08