Junior Execution Trader

WorldQuant; New York (NY); On-site; USD 125,000 - 150,000; Full time

Benefits offered by this job

Fully paid medical and dental

401k

Parental leave

Generous PTO

Job summary

WorldQuant seeks a quantitative-minded professional to monitor execution across equities, FX, futures and other asset classes, providing first-line support for the automated flow. You will run project work to add liquidity and cut costs in WorldQuant's models, and analyze large datasets to improve desk processes.

Interface with portfolio managers, brokers, risk, compliance, and senior management in a fast-paced environment.

Qualifications

• Degree in a quantitative or technical discipline from a top tier institution.
• 1+ years of work experience in Trading, DevOps or Analytics supporting investment strategies.
• Enthusiasm to learn more about financial markets and execution trading.
• Experience with Python and SQL is a strong plus.
• Experience with at least one mainstream asset class (equities, FX, fixed income, derivatives).

Responsibilities

• Monitor execution across equities, FX, Futures and other asset classes, trading in different regions.
• Provide first-line support for issues arising from the automated execution flow.
• Conduct project work in areas including adding new liquidity to the execution platform and reducing cost of implementing models.
• Analyze large datasets to guide further automation and refinement of execution desk processes.
• Interface directly with Portfolio Managers, Brokers, Senior Management, Compliance and Risk.

Skills

Python

SQL

Education

Bachelor's degree in a quantitative or technical discipline

Job description

WorldQuant develops and deploys systematic financial strategies across a broad range of asset classes and global markets. We seek to produce high-quality predictive signals (alphas) through our proprietary research platform to employ financial strategies focused on market inefficiencies. Our teams work collaboratively to drive the production of alphas and financial strategies – the foundation of a balanced, global investment platform.

WorldQuant is built on a culture that pairs academic sensibility with accountability for results. Employees are encouraged to think openly about problems, balancing intellectualism and practicality. Excellent ideas come from anyone, anywhere. Employees are encouraged to challenge conventional thinking and possess an attitude of continuous improvement.

Our goal is to hire the best and the brightest. We value intellectual horsepower first and foremost, and people who demonstrate an outstanding talent. There is no roadmap to future success, so we need people who can help us build it.

The Role:

• Monitor execution across equities, FX, Futures and other asset classes, trading in different regions.
• Provide first-line support for any issues arising from the automated execution flow.
• Conduct project work in areas including adding new liquidity to the execution platform and reducing the cost of implementing WorldQuant’s models.
• Analyze large datasets to guide further automation and refinement of execution desk processes.
• Interface directly with Portfolio Managers, Brokers, Senior Management, Compliance, Risk and many other teams.

What You’ll Bring:

• Degree in a quantitative or technical discipline from a top tier institution
• 1+ years of work experience gained in a buy-side or sell-side institution in a Trading, DevOps or Analytics role supporting investment strategies
• Enthusiasm to learn more about financial markets and execution trading
• Experience with scripting languages (Python) and databases (SQL) a strong plus
• Experience with at least one mainstream asset class (equities, FX, fixed income, credit, derivatives)

Location:

• Core Benefits: Fully paid medical and dental insurance for employees and dependents, flexible spending account, 401k, fully paid parental leave, generous PTO (paid time off) that consists of:
  • twenty vacation days that are pro-rated based on the employee’s start date, at an accrual of 1.67 days per month,
  • three personal days, and
  • ten sick days.
• Perks: Employee discounts for gym memberships, wellness activities, healthy snacks, casual dress code
• Training: learning and development courses, speakers, team-building off-site
• Employee resource groups

WorldQuant is a total compensation organization where you will be eligible for a base salary, discretionary performance bonus, and benefits. The estimated salary range for this position is $125,000 to $150,000 which is specific to New York and may change in the future. When finalizing an offer we will take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.