Dodge & Cox has substantial holdings of debt and equity securities from around the world, including sovereign debt denominated in various currencies held in a global bond fund, and a growing macroeconomic research team that contributes to the firm’s decision making in multiple areas. The Macroeconomic Research Associate will work with senior members of the investment team and other colleagues across the firm to support the macroeconomic research process, contribute with quantitative analysis, and assist with portfolio management analytics.
Primary responsibilities include:
- Conducting in-depth research on countries to support existing and potential investments, including fundamental and quantitative analyses on global economies and asset prices.
- Preparing, analyzing and monitoring a large array of global economic and financial data relevant to our investment process, with the goal of assessing long-term trends, areas of economic and financial opportunity/vulnerability, geopolitical developments, and their corresponding investment implications.
- Developing and maintaining in-house macroeconomic research infrastructure, including monitors, analytical tools, interest rate and currency models
- Participating in internal discussions, servicing internal requests for macroeconomic data/views, and collaborating with other members of the team in joint projects.
- Creating investment- and client- related presentation materials
- Performing portfolio analytics such as performance attribution and risk analysis
The work above will be leveraged across the firm’s investment products and will provide the Macroeconomic Research Associate with exposure to investment professionals and senior management across the firm. This is generally a two-to-four-year position, with the possibility of a longer timeframe.
Qualifications
Dodge & Cox targets candidates with high levels of academic and professional achievement, in addition to leadership ability and interpersonal skills.
Candidates should have:
- An excellent academic record from a university with coursework in economics and statistics
- Exceptional undergraduate preparation required; Master’s degree preferred
- 1-3 years of experience preferred in academia, financial industry, international organizations, or the public sector
- Demonstrated interest in economics and financial markets, preferably fixed income and/or currency markets
- Strong quantitative and analytical skills, including experience with financial modeling, as well as manipulating and presenting data on complex topics
- Initiative and ability to manage multiple projects simultaneously
- Excellent oral and written communication skills and desire to work in a team-oriented environment
- Advanced knowledge of MS Excel, including VBA, and statistical packages (e.g., EViews), and Python programming
- Knowledge of commonly used sources of macroeconomic data, including public institutions and specialized data providers, like Haver Analytics or Bloomberg
Requirements
- Dodge & Cox has a 4:1 hybrid work model, and all Dodge & Cox employees are required to be in their assigned office as noted in the job posting Monday - Thursday each week, with the option to work remotely on Friday.
The job description above is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. It is the Company’s policy to provide equal opportunity to all persons without regard to race, color, religion, sex, pregnancy, marital or domestic partner status, sexual orientation, gender identity or expression, age, ancestry, national origin, disability, or medical condition, as defined in state and federal laws. This policy covers all aspects of employment including, but not limited to, recruitment, selection, training, promotion, transfer, compensation, demotion, and termination. By applying for a position with Dodge & Cox, you acknowledge that you have read our EEO Policy
All Dodge & Cox employees must adhere to the Firm’s security policies and Code of Ethics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Top Skills
What We Do
Investment management is Dodge & Cox’s only business. We are focused on providing U.S., global, international, and emerging markets equity; fixed income; and balanced account management.
Strategies:
Equity — The philosophy guiding the management of our equity portfolios is built on traditional principles: we maintain a long-term focus, conduct our own research, and employ a rigorous price discipline. Our approach is research-intensive; decisions are based on individual company analysis by our team of investment professionals.
Fixed Income — Dodge & Cox’s philosophy is to construct and manage a high average quality portfolio of securities that are selected through bottom-up, fundamental analysis. We believe that by combining fundamental research with a long-term investment horizon it is possible to uncover and act upon inefficiencies in the valuation of market sectors and individual securities.
Balanced — Our objective in managing balanced accounts is to provide regular income, conservation of principal, and an opportunity for long-term growth of principal and income. Our strategy is to invest in a diversified portfolio of stocks and fixed income securities.
Offerings:
Dodge & Cox Funds — Dodge & Cox offers U.S. based investors a simple, low-cost way to own a portfolio of stocks and/or fixed income securities.
Private Client Accounts — The private client group serves high net worth individual investors, family offices, and non-profit organizations across the United States through separately managed accounts.
Institutional Separate Accounts — A client's investment objectives, asset allocation, and portfolio holdings are reviewed with an experienced portfolio manager and client service associate.
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