Algorithmic Trading Quantitative Analyst -VP

Queens County Bar Association; New York (NY); On-site; USD 175,000 - 250,000; Full time

Job summary

A prominent financial institution is seeking a motivated Algorithmic Trading Quant to enhance its trading algorithms and analytical models. This role requires strong quantitative abilities and a robust background in algorithmic trading, providing opportunities to lead innovative initiatives and collaborate with dynamic teams. Candidates should possess advanced degrees in relevant fields and significant experience in quantitative analysis, particularly in a trading environment. Join a fast-paced, inclusive workplace and contribute to shaping the future of trading strategies.

Benefits

Health, dental, and vision coverage

401(k) retirement plan

Life, accident, and disability insurance

Paid time off including vacation and sick leave

Wellness programs

Qualifications

• Minimum 6 years experience in quantitative modeling or analytics role.
• Experience in algorithmic trading and market microstructure.
• Familiarity with required licenses (Series 7, 63) upon arrival.

Responsibilities

• Improve Algorithmic Trading Algorithms focusing on execution performance.
• Research and analyze new algorithm ideas and models.
• Conduct analysis of large datasets for performance tuning.

Skills

Analytical skills

Statistical analysis

Communication skills

Programming in Python

Programming in R

Education

Master's or PhD in Finance, Mathematics, Engineering, or Computer Science

Tools

Statistical programming languages

Java

Q/KDB or time series databases

Job description

The Algorithmic Trading Quant team is part of the Citi ICG Markets and is responsible for the research, design, implementation and maintenance of Equities Execution Algorithms and related Trading Products offered to Citi's institutional clients and internal trading desks. The team collaborates with global teams and works with specific focus on North America and LATAM markets.

Development Value:

As an opportunity to work in a fast-paced environment and as a member of a quant group that is responsible for research and development of cutting-edge algorithmic trading strategies, this position offers the opportunity to combine strong quantitative, technical, and soft skills to foster innovation in a collaborative team culture. It is an opportunity to be involved in challenging new initiatives, learn the latest developments in the Electronic Trading domain and be part of Citi's growing Equity Trading franchise.

Responsibilities:

• Improve Algorithmic Trading Algorithms by being able to perform both research and some implementation work with the objective of providing best in class execution performance.

• Research and analyze ideas for enhancing existing and developing new algorithms (such as VWAP, liquidity seeking), models (such as optimal schedule, market impact model) and short-term predictive signals (such as fair value).

• Perform analysis of large data sets comprising of market data, orders, executions and derived analytics.

• Conduct flow analysis & tuning performance for various clients flows.

• Provide data and analysis supporting initial model validation and ongoing performance analysis.

• Implement algorithm enhancements and customizations with production quality code.

• Apply best practices towards development and testing modular, reusable, robust trading components and strategy code.

• Work in close partnership with Sales team, Product, Technology teams, Risk & Control team, Legal, Compliance & Audit in order to ensure appropriate governance and compliance with industry regulations.

• Build a culture of responsible finance, good governance and supervision, expense discipline and ethics.

• Be familiar with and adhere to Citi's Code of Conduct and the Plan of Supervision for Global Markets and Securities Services; and ensure that all team members understand the need to do the same.

• Adhere to all policies and procedures as defined by your role which will be communicated to you.

• Obtain and maintain all registrations/licenses which are required for your role, within the appropriate timeframe.

• Appropriately assess risk when business decisions are made, demonstrating consideration for the firm's reputation and safeguarding Citigroup, its clients, and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Knowledge/Experience:

• Good understanding of US Equity Algorithmic Trading and Market Microstructure. Knowledge of ETF trading is a plus.

• Minimum 5 years of experience in trading environment of which minimum 3 years should be in research of agency execution algorithms, smart order routing strategy, liquidity seeking strategies, market making strategies or high frequency trading strategies.

• Experience applying statistical modelling and machine learning towards analysis of large data sets.

• Experience with Predictive signal, Market Impact and Optimal Trading schedule models are desirable.

• Strong analytical and quantitative skills and experience using with statistical programming languages such as Python or R.

• Strong programming and software design skills in Java is a plus.

• Experience with Q/KDB or time series databases is desirable.

• Good communication skills, both verbal and written.

• Ability to juggle multiple tasks and projects in a fast-paced work environment.

Qualifications:

• Master's or PhD in Finance, Mathematics, Engineering, Computer Science, or related field

• Applicable licenses: Will be required to either already have or apply upon arrival for Series 7 and 63.

• 6-10 years of experience in a comparable quantitative modeling or analytics role, ideally in the financial sector

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.

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Job Family Group:

Institutional Trading

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Job Family:

Quantitative Analysis

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Time Type:

Full time

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Primary Location:

New York New York United States

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Primary Location Full Time Salary Range:

$175,000.00 - $250,000.00

In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

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Anticipated Posting Close Date:

Apr 09, 2025

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Citi is an equal opportunity and affirmative action employer.

Qualified applicants will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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