Associate, Trader - #293

Capstone Investment Group; New York (NY); Remote; USD 150,000 - 160,000; Full time

Benefits offered by this job

Training and development opportunities

Wellness Resources: Physical, Mental,

Time-Off, Retirement and Commuter Ben

Gym Reimbursement and other Discounts

Job summary

Capstone Investment Advisors, LLC seeks an Associate, Trader in New York, NY to implement systematic strategies, including machine learning, PCA-based risk decomposition, and multi-asset analytics. You will develop models, monitor risk, and contribute to execution across currencies and asset classes.

The role requires a Master’s in Financial Engineering or related field and two years of experience building statistical models and pricing tools, with Python and C++ proficiency.

Qualifications

• Master’s degree in Financial Engineering or related field.
• Two years of experience designing and building statistical models.
• Experience with PCA-based risk decomposition and regression/time-series models.
• Experience with multi-asset portfolio analytics and risk frameworks.

Responsibilities

• Implement systematic trading strategies across multi-asset portfolios.
• Develop and validate pricing and risk models including IRS/Swaptions.
• Build data pipelines and lead VaR/Tail Risk simulations.
• Develop hybrid LLM-based execution algorithms with Python and C++.
• Collaborate with global teams to ensure scalable analytics.

Skills

Machine learning

PCA risk decomposition

Statistical modeling

Portfolio analytics

Python

C++

SQL

Education

Master’s degree in Financial Engineering

Tools

Python

C++

SQL

Monte Carlo

Excel

Job description

We see the world differently at Capstone Investment Advisors. You will, too.

Capstone is a global, alternative investment management firm operating across a broad range of derivatives-based strategies with a deep understanding of volatility. With approximately $14.6 billion of AUM and 315 employees (as of September 1, 2026, Capstone was formed in 2007 and is headquartered in New York with offices in London, Amsterdam, Tokyo, California, Stamford, Boston, and Milan.

At Capstone, we constantly aim to expand our view of how WE SEE THE WORLD DIFFERENTLY® in order to create opportunity. Our commitment to provoking the evolution of asset management provides us with a perpetual hunger for knowledge that we believe drives the improvement of our particular approach to investment. We seek to harness the complexities of global derivatives markets with disciplined strategic insight, an experienced, accomplished team and advanced technology to create sustainable value. We’ve created a particular approach to investment that we believe drives continuous improvement and opportunities for our clients, team and industry.

Responsibilities and Impact:

Capstone Investment Advisors, LLC seeks an Associate, Trader in New York, NY to implement systematic strategies including machine learning algorithms. Requires a Master’s degree in Financial Engineering or related field or equivalent and two (2) years of experience designing and building statistical models, including PCA-based factor risk decomposition, regression, and time-series models; developing structural models to quantify the reaction functions of major equity and fixed income index fund participants under funding, liquidity, regulatory, and balance sheet constraints; creating foundational risk analytics frameworks, including duration, convexity-gap, convexity-hedging feedback-loop, and OAS/extension-risk frameworks, to predict and anticipate rebalancing flows in Treasuries and Swaps; pricing IRS and Swaptions including performing discounting and forward curve construction and volatility surface calibration to quantify PV01, KRD, Vega, and convexity of long dated rate and volatility exposures to directly inform relative value strategies; performing Monte Carlo based scenario generation to design and evaluate customized stress scenarios for mortgage backed securities (MBS) basis risk (OAS), rates, and volume exposures against Treasury benchmarks; utilizing regression-based style analysis to create synthetic tracking portfolios; building and deploying hybrid LLM-based execution algorithms using Python and C++ to monitor and execute trades across multi-currency, cross asset portfolios; and developing data pipelines and SQL architecture to run VaR and Tail Risk simulations on multi-asset portfolios. Telecommuting and/or working from home may be permissible pursuant to company policies. Salary Range: $150,000.00 – $160,000.00/year.

Benefits & Compensation Information:

Our team is our most important asset and investment. We value and respect our colleagues and their well-being inside and outside the workplace and our culture reflects this. We offer a robust and competitive benefits program to ensure the well-being of our colleagues.

Some benefits included in this role are:

• Training and development opportunities
• Robust Wellness Resources: Physical, Mental and Financial
• Time-Off, Retirement and Commuter Benefits
• Gym Reimbursement and other Discounts

The applicable base annual salary range for this role is $150,000-$160,000. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives.

In addition to base compensation, this role is eligible for an annual incentive plan. To learn even more about being part of the team, visit us online: Careers - Capstone (capstoneco.com)

Don’t forget to follow us on LinkedIn

Capstone’s Commitment

At Capstone, we value a diverse, equitable, and inclusive workplace where all employees feel appreciated and respected. Our commitment to a nondiscriminatory approach extends equal opportunities for employment and advancement across our programs, departments, and locations. We actively seek and appreciate a variety of life experiences and heritages and advocate for the amplification of all voices. At Capstone, we’re all about creating a workplace where you can thrive and make a real impact. We value innovation, teamwork, trust, and discipline, and we know you do too.

Experimentation:

We love fresh ideas and encourage you to try new things. Here, you’ll have the freedom to innovate and help shape our strategies.

Collaboration:

We’re big on teamwork. You’ll join a supportive community where everyone’s input matters, and we learn from each other every day.

Trust:

We believe in building strong, honest relationships. You’ll be part of an environment where your contributions are respected and integrity is key.

Discipline:

In our fast-paced world, staying focused is crucial. We commit to high standards and a disciplined approach, helping you grow both personally and professionally.

Be part of a team that values your creativity and dedication. Together, let’s push boundaries and achieve great things.

Equal Opportunity Employer

Capstone is committed to creating an inclusive environment where we welcome people of different backgrounds. Capstone considers applications for employment without regard to all applicable protected characteristics, including race, color, religion, ethnicity, national origin, gender, sexual orientation, gender identity or expression, age, parental status, veteran status, or disability status.