Quantitative Specialist — Portfolio Solutions, Nu Asset

About Nu

Nu is the leading digital bank in Latin America, serving 135 million customers across Brazil, Mexico, and Colombia. The company has been leading an industry transformation by leveraging data and proprietary technology to develop innovative products and services.

Guided by its mission to fight complexity and empower people, Nu caters to customers’ complete financial journey, promoting financial access and advancement with responsible lending and transparency. The company is powered by an efficient and scalable business model that combines low cost to serve with growing returns.

Nu’s impact has been recognized in multiple awards, including Time 100 Most Influential Companies, Fast Company’s Most Innovative Companies, and Forbes World’s Best Banks.

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About the team

Portfolio Solutions is the team within Nu Asset Management responsible for the firm's ETFs and systematic fundos, and the allocation models behind our products and the broader Nubank ecosystem. We believe most of an investor's long-term return comes down to three things: cost, allocation, and discipline. Our job is to deliver all three at scale — which means we treat infrastructure, automation, and AI tooling as core to investment research, not as side projects.

We're looking for a quantitative analyst to strengthen our research, index construction, allocation modeling, and the platform that ties it all together.

What you'll do

Research, design, and implement indices and systematic strategies across fixed income, equities, and derivatives — including structures such as covered calls, duration barbells, and factor portfolios

Build and maintain multi-asset allocation models, with attention to efficient replication, tracking error control, and transaction costs

Run rigorous backtests: no look-ahead, no survivorship, realistic costs. We don't publish a curve without out-of-sample replication

Help build the quantitative infrastructure of the team: reusable data pipelines, backtest frameworks, monitoring dashboards, and reporting workflows on Databricks. The goal is that every model you build outlives the project it was born in

Develop AI-powered tools for investment research: LLM-driven analysts on top of our internal datasets, agents for routine analytical tasks, copilots that compress the distance between question and answer for the whole team

Support the launch of new ETFs — from index methodology to interactions with index prodviders, market makers, administrators, and custodians

Read papers, replicate results, and tell apart what works from what looks like it works

What we're looking for

Bachelor's degree in a quantitative field: engineering, math, physics, statistics, economics, computer science, quantitative finance, or equivalent

3+ years in quantitative research, systematic asset management, risk, or adjacent roles

Strong Python (pandas, numpy, scipy). Comfort writing code that other people will read, run, and extend

Curiosity about — and ideally experience with — building production-grade analytical infrastructure: pipelines, jobs, dashboards, internal tools

Genuine interest in applying LLMs and AI agents to quantitative work, not just as users but as builders

Familiarity with the Brazilian market: NTN-B, IMA, Ibovespa, B3 derivatives, local ETF dynamics

A collaborative, constructive way of working: you ask for help when stuck, you offer help when others are, you document, you review code, you disagree clearly without making it personal, and you give credit generously

Ability to communicate quantitative results clearly — to portfolio managers, commercial teams, and ultimately to the end investor

Nice to have

CFA, CAIA, FRM, or a graduate degree in a quantitative field

Experience with ETFs, index replication, or benchmark construction

Hands-on Databricks (Workflows, Delta, Unity Catalog, Databricks Apps), version control discipline, MLOps fundamentals

Experience designing or shipping internal tools, copilots, or RAG systems

Benefits

Chance of earning equity at Nubank

Food/ Meal Card (Vale-Refeição and/or Vale Alimentação)

Public Transportation Commuting Benefit (Vale-Transporte)

NuCare – Psychological, Financial and Legal Assistance Program

Life Insurance

Medical Plan

Dental Plan

NuLanguage – Language Course Program

Nucleo - Our learning platform of courses

Extended Parental Leave

Daycare Allowance

Parental Consultancy

Work-from-home Allowance

Gym Partnerships

30 days of paid vacation

Relocation Assistance Package, if applicable

Hybrid 2-3 times/week: Our hybrid work model brings us to the office at least twice a week, on strategic days designed to maximize team connection and collaboration. For more details, visit https://building.nubank.com/nu-hybrid-work-model/

Our recruitment process may involve the use of artificial intelligence–enabled tools, such as automated interview transcription and analysis, to support the evaluation process. Artificial intelligence is not used to make final hiring decisions; all decisions are made by human reviewers.