Quantitative Researcher (ETFs)

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 170,000 - 300,000; Full time

Benefits offered by this job

Fully paid Medical, Dental, Vision,Dis

Disability, and Life Insurance

Fully stocked kitchen; free breakfast

Lunch on-site every day

Tuition Reimbursement Program

401(k) with employer match

Paid Vacation, Sick, and Parental leav

Commuter and Flexible Spending Plans

Job summary

Old Mission Capital is actively seeking a Quantitative Researcher for our Chicago headquarters. The role involves reviewing and developing pricing models, evaluating trades, and contributing to idea generation to improve algorithms.

The candidate should bring an entrepreneurial mindset and strong quantitative skills to grow the quant team. The position requires advanced degrees in quantitative fields, 5+ years of research experience, and programming expertise in Python, with VBA, R, MATLAB, and

Qualifications

• Advanced degree in a quantitative field (e.g., CS, engineering, math, statistics).
• 5+ years in quantitative research with strong statistical analysis.
• Proficiency in Python; VBA, R, MATLAB, Java are beneficial.
• Excellent communication, written and verbal, and multitasking under pressure.

Responsibilities

• Investigate and improve pricing models for equities, commodities, and FX.
• Reverse engineer market behavior across environments to inform models.
• Build databases and leverage data resources for research ideas.
• Analyze market data and microstructure to identify trading patterns.
• Collaborate with traders and developers to generate and test ideas.

Skills

Python programming

Statistical analysis

Quantitative research

Team collaboration

Communication skills

Education

Advanced degree in quantitative field

Tools

Python

VBA

R

MATLAB

Java

Job description

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.

Old Mission does not seek capital from outside investors, allowing us the flexibility to aggressively invest in our team members and keep them engaged in the firm’s growth.

About the Position

We are currently recruiting a Quantitative Researcher to join our ETF trading team in our Chicago headquarters. This Quantitative Researcher will be working directly with our international and domestic ETF/Equities trading group to review and develop pricing models, analyze and evaluate trades, and participate in idea generation to improve current models and algorithms. This Quantitative Researcher could potentially play a major role in growing the quant team and be expected to have an entrepreneurial mindset.

Responsibilities

• Investigate existing equities, commodities, and FX pricing models and propose improvements.
• Reverse engineer how the rest of the world behaves in different market environments.
• Develop databases of information, utilizing our expansive existing resources, to assist with new ideas and research.
• Explore trading ideas by analyzing market data and market microstructure for patterns.
• Participate in the idea-generation process with other traders and developers.

Required Skills

• An advanced degree in a quantitative field such as computer science, engineering, mathematics, statistics, or one of the hard sciences.
• Demonstrated expertise in statistical analysis. Ideally 5+ years of experience within quantitative research.
• Programming skills in Python is a must and experience with VBA, R, Matlab, Java would be a good complement.
• Exceptional communication both written and verbal and have the ability to handle multiple tasks in a time sensitive, fast paced, collaborative, collegial environment.
• The ability to work and solve problems as part of a team, often in a high-pressure environment.
• Successful candidates will have a passion for the financial market, working with large amounts of data and are strategic thinkers. Must be organized and detail-oriented and have the ability to manage multiple work streams.
• Proven trustworthiness and performance under the highest ethical standards.

Benefits and Perks

• Fully paid Medical, Dental, Vision, Disability, and Life Insurance
• Fully stocked kitchen; free breakfast and lunch every day on-site
• Tuition Reimbursement Program
• 401(k) with employer match
• Paid Vacation, Sick, and Parental leaves
• Commuter and Flexible Spending Programs

Base Salary Range

$170,000 - $300,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

Old Mission Capital is a quantitative market-making firm founded in 2008. It prices "thousands of financial instruments globally" and has "traded trillions of dollars of securities using proprietary systems and…