Quantitative Strategist (PhD)

Trading Interview; New York (NY); On-site; USD 175,000 - 200,000; Full time

Job summary

Virtu is a leading financial firm known for leveraging cutting edge technology to deliver liquidity and innovative, transparent trading solutions. As a Quant at Virtu, you will join interdisciplinary teams of traders, quants and software engineers in a collaborative environment with exposure to global teams.

You will apply modern statistical methods to build predictive models, research new trading strategies, analyze existing ones, develop risk models, and create tools to automate research tasks

Qualifications

• PhD in Science, Math, Engineering or other quantitative or STEM programs.
• No previous Quant Finance or specific asset class experience required.
• Strong GPA and rigorous coursework.
• Exceptional quantitative, mathematical, and problem-solving skills.
• Excellent communication and collaboration abilities.
• Programming skills in Python and C/C++.
• Ability to solve technical and quantitative problems under pressure.
• Ability to express ideas mathematically and algorithmically.

Responsibilities

• Apply observation skills and modern statistical methods to identify and build predictive models.
• Research and implement new trading strategies.
• Analyze existing strategies to identify potential improvements.
• Develop risk models and frameworks to manage portfolio risks.
• Create tools to automate research tasks and improve visualization of complex data sets.

Skills

Python

C/C++

Education

PhD in Science/Math/Engineering

Tools

Python

C/C++

Job description

Virtu is a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients. As a market maker, Virtu provides deep liquidity that helps to create more efficient markets around the world. Our market structure expertise, broad diversification, and execution technology enables us to provide competitive bids and offers in over 19,000 securities, at over 235 venues, in 36 countries worldwide

The firm’s complementary core offerings—market making, client execution services, and trading venues—give Virtu a competitive advantage in developing and applying innovative tools that deliver efficiencies and performance across the organization.

THE ROLE

As a Quant at Virtu, you will be working on interdisciplinary teams alongside traders, quants and seasoned software engineers. The environment is collegiate and collaborative, encouraging exposure to many teams across the globe.

• Apply your observation skills and modern statistical methods to identify and build predictive models
• Research and implement new trading strategies
• Analyze existing strategies to identify potential improvements
• Develop risk models and frameworks to manage portfolio risks
• Create tools to automate research tasks and improve visualization of complex data sets

THE CANDIDATE

• PhD in Science, Math, Engineering or other quantitative or STEM programs.
• No previous Quant Finance or specific asset class experience required.
• History of diverse, challenging, and interesting coursework paired with a strong GPA
• Exceptional quantitative, mathematical, and problem-solving skills
• Great communication skills and the ability to collaborate with peers
• Ability to solve technical and or quantitative problems under pressure
• Ability to express ideas mathematically and algorithmically
• Programming skills (especially Python and C/C++)
• Intellectually curious and self-motivatedAbility to communicate within and across teams, at a high and low level, on both technical and non-technical subjects
• Ability to seek guidance and learn new skills from peers
• Extraordinary mental flexibility and a high tolerance for ambiguity
• Strong drive for success within a collaborative team

THE PROCESS

After passing an application screening, candidates will be sent an online programming test via email from a service called HackerRank as a first step of the process.

Salary Range: $175,000 - $200,000 (salary range is exclusive of bonuses, benefits or other categories of compensation)

Virtu Financial is an equal opportunity employer, committed to a diverse and inclusive workplace, welcoming you for who you are and does not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status.

Virtu is a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients. We combine our market…