Volatility Quantitative Researcher, Systematic Equities

Millennium Management; New York (NY); On-site; USD 150,000 - 200,000; Full time

Job summary

Join a dynamic, collaborative team as a Volatility Quantitative Researcher in New York. This role focuses on developing innovative systematic equity and volatility strategies, leveraging advanced programming and analytical skills. You will engage in research and analysis, model implementation, and backtesting, all while collaborating closely with experienced professionals in a top-tier global hedge fund. With a commitment to technology and data-driven insights, this position offers a unique opportunity to make a significant impact in the investment process. If you are passionate about quantitative finance and eager to contribute to high-quality returns, this is the perfect role for you.

Benefits

Discretionary Performance Bonus

Comprehensive Benefits Package

Qualifications

• Minimum 2 years of experience as a quantitative analyst/trader in volatility.
• Strong programming skills in Matlab/Python and SQL.

Responsibilities

• Develop volatility futures spreads and systematic strategies on listed futures.
• Conduct research on global systematic option markets for generating signals.

Skills

Research Skills

Programming in Matlab/Python

SQL

Statistical Analysis

Critical Thinking

Education

Masters in Quantitative Subject

PhD in Quantitative Subject

Tools

KDB

Linux

Job description

Volatility Quantitative Researcher, Systematic Equities

Please send resume submissions to [e-mail].

Millennium is a top tier global hedge fund with a strong commitment to leveraging market innovations in technology and data to deliver high-quality returns.

Job Description

The Volatility Quantitative Researcher will be part of a small, collaborative team based in New York, focusing on systematic equity and volatility strategies.

Location

Open globally

Principal Responsibilities

1. Work alongside the SPM on developing volatility futures spreads and outright systematic strategies on listed futures globally, focusing on idea generation, data gathering, research/analysis, model implementation, and backtesting for systematic volatility strategies.
2. Conduct research on global systematic option markets, focusing on single stocks vs index spreads and selected bespoke ETFs, to generate signals for systematic equity volatility strategies.
3. Combine sound financial insights and statistical learning techniques to explore, analyze, and harness a large variety of datasets to build strong predictive models deployed in the investment process.
4. Assist in automating the research, execution, and production framework of the trading environment.
5. Monitor strategy performance in production.
6. Collaborate with the SPM in a transparent environment, engaging with the whole investment process.

Preferred Technical Skills

1. Strong research and programming skills, primarily in Matlab/Python, SQL, and KDB.
2. Strong Linux knowledge.
3. Masters or PhD degree in a quantitative subject such as Computer Science, Applied Mathematics, Statistics, or related field.

Preferred Experience

1. Minimum of 2 years of experience as a quantitative analyst/trader in volatility.
2. Demonstrated ability to conduct independent research using large data sets.
3. Candidates with quantitative development experience will be considered, provided they also have relevant research experience.

Highly Valued Relevant Experience:

1. Strong economic intuition and critical thinking.
2. Product experience in statistical arbitrage strategies and volatility trading.

Target Start Date

Will wait 3 months.

The estimated base salary range for this position is $150,000 – $200,000, specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. 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.