Quant Researcher

Nomura; New York (NY); On-site; USD 175,000 - 250,000; Full time

Benefits offered by this job

401(k) eligibility

Paid time off

Medical benefits

Job summary

Nomura is seeking a Quantitative Researcher to join their Cash Equities Central Risk Book team in New York. This role focuses on quantitative modeling, portfolio optimization, and risk management to support their global equities business.

The ideal candidate will have an advanced degree and 3-8 years’ experience in quantitative research or trading, along with strong programming skills in Python and kdb+/q. A comprehensive compensation package is offered, including medical benefits and a potential sign-on bonus.

Qualifications

• 3-8 years of experience in quantitative research, risk management, or trading at a financial institution.
• Strong understanding of equity markets, portfolio theory, and risk models.

Responsibilities

• Design and implement quantitative models for equity portfolio risk management.
• Develop portfolio optimization frameworks for rebalancing and capital allocation.
• Build real-time risk monitoring systems tracking P&L attribution.
• Design and enhance algorithmic execution strategies.

Skills

Programming in Python

kdb+/q

Statistics

Numerical methods

Optimization techniques

Education

PhD or Master's in Mathematics, Statistics, Physics, Financial Engineering, or Computer Science

Tools

Axioma

Barra

Bloomberg PORT

Job description

Job Title: Quantitative Researcher

Department: Global Markets

Location: New York

Corporate Title: Associate/Vice President

Pay range: $175,000-$250,000 per year

About the Role

We are seeking an experienced Quantitative Researcher to join our Cash Equities Central Risk Book team. This role focuses on quantitative modeling, risk management, and portfolio optimization to support our global equities business.

Key Responsibilities

Risk Modeling & Portfolio Optimization

• Design and implement quantitative models for equity portfolio risk management, including factor models, correlation structures, and tail risk analytics
• Develop portfolio optimization frameworks for rebalancing, hedging strategies, and capital allocation
• Build real-time risk monitoring systems tracking P&L attribution, Greeks, and exposure metrics
• Perform scenario analysis and stress testing under various market conditions

Algorithmic Execution & Trading

• Design and enhance algorithmic execution strategies for optimal portfolio rebalancing and risk reduction
• Develop transaction cost analysis (TCA) models and execution quality metrics
• Build algorithms for smart order routing, liquidity-seeking, and market impact minimization
• Optimize execution schedules balancing urgency, market impact, and timing risk

Central Risk Book Management

• Support management of the firm's central equity risk book, including inventory optimization
• Develop models to price and manage residual risk from client facilitation and market making
• Create tools for evaluating trade-offs between risk reduction, capital efficiency, and revenue generation
• Collaborate with trading desks to implement risk mitigation strategies

Required Qualifications

Education & Experience

• Advanced degree (PhD or Master's) in Mathematics, Statistics, Physics, Financial Engineering, Computer Science, or related quantitative field
• 3-8 years of experience in quantitative research, risk management, or trading at a financial institution
• Strong understanding of equity markets, portfolio theory, and risk models

Technical Skills

• Expert programming skills in Python and kdb+/q (required)
• Strong knowledge of statistics, numerical methods, and optimization techniques
• Experience with portfolio optimization algorithms and large-scale data processing
• Familiarity with risk systems (Axioma, Barra, Bloomberg PORT) and market data platforms

Compensation & Benefits

Base pay offered may vary depending on multiple individualized factors, including market location, corporate and functional title, duties, job‑related knowledge, and advanced degrees, skills and experience. The total compensation package for this position may also include sign‑on bonus, restricted stock units, discretionary awards and a full range of medical, financial, and other benefits (including 401(k) eligibility, paid time off such as vacation, sick, parental leave), depending on the position offered. Details of participation will be provided if an employee receives an offer of employment.

If hired in the U.S., employee will be in an “at‑will position”. The Company reserves the right to modify base salary and other compensation at any time.

US FINANCE ONLY** Applicants for this position are required to be authorized to work in the U.S. The Finance Division is not sponsoring visas.

Nomura is an Equal Opportunity Employer