Quantitative Market-Impact Researcher

Millennium Management LLC; New York (NY); On-site; USD 160,000 - 250,000; Full time

Job summary

Millennium, a global investment firm, seeks a Quantitative Researcher in New York to develop and implement market-impact models across equities and other assets. You will estimate impact from real-world data, address biases, and strengthen robustness, collaborating with trading and engineering teams.

Requires a Masters or PhD in a quantitative field, strong Python and Kdb+/Q, and experience in market microstructure.

Qualifications

• Master’s or PhD in a quantitative field is required.
• Strong background in market-impact research or market microstructure.
• Experience analyzing real-world datasets and estimating market impact.

Responsibilities

• Research, improve, and implement market-impact models across equities and other asset classes.
• Estimate market impact using real-world data, addressing biases, endogeneity, and robustness.
• Develop research, model-fitting, and analytics frameworks for calibration and experimentation.
• Collaborate with trading and engineering to integrate models into portfolio construction.

Skills

Python

Kdb+/Q

Quantitative analysis

Data analysis

Education

Master’s/PhD in Physics/Math/Finance

Tools

Pandas

NumPy

SQL

Job description

Millennium, a global investment firm, seeks a Quantitative Researcher in New York to develop and implement market-impact models across equities and other assets. You will estimate impact from real-world data, address biases, and strengthen robustness, collaborating with trading and engineering teams.

Requires a Masters or PhD in a quantitative field, strong Python and Kdb+/Q, and experience in market microstructure.