Quantitative Researcher

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

Job summary

Millennium is seeking a senior quantitative researcher in New York to advance performance analytics and risk-aware portfolio construction. You will develop quantitative frameworks, test new datasets, and present findings to senior management.

The role requires a technical degree (Master’s or Ph.D. preferred), 5+ years in finance, strong Python and SQL, and experience with AI tools. You will partner with technology to productionize models and communicate insights across teams.

Qualifications

• Degree in a technical or quantitative field; Master’s or Ph.D. preferred.
• 5+ years of experience in quantitative research within a financial organization.
• Experience in alpha research, portfolio construction, hedging, and risk modeling.
• Strong programming skills in Python and SQL; AI tools experience is a plus.
• Excellent written and verbal communication with senior management.

Responsibilities

• Research and develop quantitative frameworks to identify drivers of portfolio performance and risk.
• Explore new datasets and models to enhance analytical capabilities.
• Conduct tactical quantitative research in response to questions from senior management.
• Partner with technology to productionize quantitative models and tools.
• Collaborate with portfolio, risk, and business managers to apply models in daily workflows.
• Prepare presentations and reports for senior management to communicate findings clearly.

Skills

Quantitative research

Portfolio construction

Risk modeling

Python programming

SQL programming

Communication skills

Independent work

Education

Master’s or Ph.D. preferred in a technical/quantitative field

Degree in a technical/quantitative field

Tools

Python

SQL

AI tools (LLMs)

Job description

About Millennium

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors. Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.

About Millennium

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors. Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.

Meet the Team

Millennium’s Performance Research team supports the Office of the CIO by identifying and analyzing performance drivers associated with Millennium’s portfolios at both the firm-wide and Portfolio Manager levels. Within this environment, the team develops and applies performance analytics, quantitative models, and portfolio tools that help Portfolio Managers and senior management improve risk-reward across the platform.

What You'll Do

• Research and develop quantitative frameworks to identify and measure the drivers of portfolio performance and risk, and to inform improvements in risk-adjusted returns at the Portfolio Manager and firm levels
• Explore new datasets and quantitative models from internal and external sources to continuously enhance the team’s analytical capabilities
• Conduct tactical quantitative research in response to a range of questions from senior management
• Partner with technology to streamline the transition of quantitative models and tools into production environments
• Collaborate with portfolio, risk, and business managers to support the accurate application of quantitative models and tools in day-to-day workflows
• Prepare presentations and reports for senior management to communicate research findings, new models, and portfolio insights clearly and effectively

What You Bring

• Degree in a technical or quantitative field; Master’s or Ph.D. preferred
• 5+ years of experience in a quantitative research role within a financial organization preferred
• Prior experience in alpha research, portfolio construction, hedging applications, and risk modeling preferred
• Intellectual curiosity, sound judgment, and the ability to work independently on open-ended research questions
• Strong programming skills, including experience with Python and SQL
• Experience with AI tools, including AI-assisted coding, agentic workflows, and LLM use for research and recurring analytical work is a plus
• Strong written and verbal communication skills, with the ability to communicate effectively with senior managers across the organization

Salary Range

Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.