Senior Quantitative Researcher

Tower Research Capital; Paramus (NJ); Hybrid; USD 120,000 - 200,000; Full time

Job summary

An innovative firm is seeking talented Quantitative Researchers to join their dynamic trading teams. This role offers the chance to leverage advanced statistical and machine learning techniques to develop and deploy cutting-edge trading strategies. You'll work collaboratively on challenging problems that span the entire business, making a significant impact in a supportive, cubicle-free environment. Enjoy generous benefits, including extensive paid vacation, wellness reimbursements, and daily meals, while being part of a company that values quality of life and professional growth. If you're passionate about quantitative research and ready to drive results, this opportunity is perfect for you.

Benefits

401(k) with company matching

5 weeks paid vacation

Free breakfast, lunch, and snacks

Reimbursement for health and wellness expenses

Free events and workshops

Donation matching program

Qualifications

• Strong academic background in quantitative fields with research experience.
• Effective programming skills in Python and C++ for scalable software.

Responsibilities

• Analyze large datasets to test hypotheses regarding market behavior.
• Build statistical models and implement trading strategies.

Skills

Quantitative Research

Statistical Modeling

Machine Learning

Programming (Python, C++)

Data Analysis

Optimization Problems

Education

PhD in Mathematics, Machine Learning, or related field

Research-oriented Master's Degree

Tools

Statistical Software

Trading Platforms

Job description

Tower Research Capital, a high-frequency proprietary trading firm founded in 1998, seeks talented and experienced Quantitative Researchers in New York.

As a Quantitative Researcher in one of Tower’s trading teams, you will use Tower’s in-house research and trading platform—one of the fastest and most comprehensive in the world—to build and deploy systematic trading strategies. Our researchers use statistical and machine learning techniques to uncover patterns in market behavior used to build predictive models, formalize and solve optimization problems to create trading strategies, and are involved in the entire process from idea generation to production results.

This is a new team operating on a collaborative basis, with a rare opportunity to work on challenging problems across the full business scope and have outsized impact.

Location is flexible for the right candidate, though New York or Hong Kong are preferred.

Responsibilities

• Analyzing large data sets of various origins to form and test hypotheses regarding market behavior
• Researching and building statistical models of financial instruments’ valuation and returns
• Formalizing and implementing trading strategies and algorithms through solving the appropriate optimization problems
• Building robust and scalable quantitative research methods, tools and platforms, across the full pipeline from data extraction and analysis to model calibration and reporting

Qualifications

• Solid academic background in mathematics, machine learning, computer science, physics or a similar quantitative field with a strong research experience equivalent to research-oriented masters degree or ideally a PhD in the field
• Strong quantitative research experience in the systematic trading space, across idea generation, research, deployment, and production analysis, with a track record of delivering impactful results
• Effective programming skills and prior experience building high quality, scalable software in scripting / dynamic languages such as Python or lower level languages such as C++, ideally in both
• Ability to communicate clearly and effectively both at a high level and in details

Anticipated New York and Chicago annual base salary range $120,000- $200,000, plus eligible for bonus(es).

Benefits

Tower’s headquarters are in FiDi, the heart of downtown Manhattan, at the historic Equitable Building. While we work hard, Tower’s cubicle-free workplace, jeans-clad workforce, and well-stocked kitchens reflect the value the firm places on quality of life. Benefits include:

• 401(k) with company matching
• 5 weeks of paid vacation per year plus 11 paid holidays
• Free breakfast, lunch, and snacks on a daily basis
• Reimbursement for health and wellness expenses
• Free events and workshops
• Donation matching program

Tower Research Capital is an equal opportunity employer.