Quantitative Analyst

State Farm Mutual Automobile Insurance Company; New York (NY); Remote; USD 200,000 - 250,000; Full time

Job summary

A leading financial services firm is seeking a Quantitative Analyst in New York, NY. This role involves designing algorithms for market making and enhancing mathematical models for fixed income products. Applicants should have a Master's degree in a relevant field and experience with Bayesian analysis and trading strategies. The position offers a competitive salary and the opportunity for remote work under certain conditions.

Benefits

Medical, dental & vision coverage

401(k)

Life, accident, and disability insurance

Wellness programs

Paid time off packages

Qualifications

• 1 year of experience in financial services or related position.
• Experience with Bayesian analysis, machine learning, and financial algorithms.
• Proficient in Python and kdb+/Q for developing trading strategies.

Responsibilities

• Design, implement, and maintain market making algorithms.
• Develop mathematical models to price and trade fixed income products.
• Analyze financial datasets and improve trading strategies.

Skills

Bayesian analysis

machine learning algorithms

stochastic filtering

time series analysis

Python

kdb+/Q

R

SQL

data manipulation

Education

Master's degree in Computational Finance, Mathematics, or related field

Bachelor's degree in Computational Finance, Mathematics, or related field

Job description

Citigroup Global Markets Inc. seeks a Quantitative Analyst for its New York, NY location.

Duties: Design, implement, and maintain market making algorithms and automated-responding systems of client request-for-quote inquiries for traded fixed income products. Develop and enhance mathematical models to automatically price and trade spread products including Corporate Bonds, Credit ETF, and Credit Derivatives. Perform quantitative research on trading strategies and utilize Bayesian Analysis, stochastic filtering, time series analysis, and advanced statistical machine learning techniques to create and improve trading models and algorithms. Analyze potential production usage of data sources including noisy financial time series data and unstructured data. Utilize Python, kdb+/Q, R, and SQL to program, test, implement, and release updated algorithms for live trading. Manage relationships with Fixed Income Traders and Information Technology teams to determine requirements and build trading models. Document trading models and research findings, including model validation process. Remote work may be permitted within a commutable distance from the worksite in accordance with Citi policy.

Requirements: Requires a Master's degree, or foreign equivalent, in Computational Finance, Mathematics, Computational Engineering, or a related field, and one (1) year of experience in the job offered or a related position in the financial services industry. One (1) year of experience must include: Analyzing financial datasets utilizing Bayesian analysis and machine learning algorithms to improve mathematical models and trading strategies. Performing stochastic filtering, time series analysis on noisy data of various frequencies, and deriving statistically significant signals. Performing large scale data manipulation and statistical analysis utilizing kdb+/Q and Python for trading strategy back-testing and market making algorithms calibration. Programming financial algorithms using Python and kdb+/Q. Building automated pricing tools for trading in spread products. Utilizing knowledge of fixed income products including corporate bonds, credit ETF and credit derivatives to build mathematical models of these products. In the alternative, employer will accept a Bachelor's degree, or foreign equivalent, in Computational Finance, Mathematics, Computational Engineering, or a related field, and three (3) years of experience in the job offered or in a related position in the financial services industry. 40 hrs./wk. Applicants submit resumes at https://jobs.citi.com/ . Please reference Job ID# 24724399. EO Employer.

Wage Range: $200,000 to $250,000

Job Family Group: Institutional Trading

Job Family: Quantitative Analysis
------------------------------------------------------

Job Family Group:
------------------------------------------------------

Job Family:
------------------------------------------------------

Time Type:
Full time
------------------------------------------------------

Primary Location:
New York New York United States
------------------------------------------------------

Primary Location Full Time Salary Range:

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.
------------------------------------------------------

Anticipated Posting Close Date:
Apr 29, 2024
------------------------------------------------------

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.

Citigroup Inc. and its subsidiaries ("Citi") invite all qualified interested applicants to apply for career opportunities. If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi .