Volatility Quantitative Researcher, Systematic Equities

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

Job summary

Join a leading global hedge fund as a Volatility Quantitative Researcher, where you will leverage your quantitative skills in a collaborative environment. This role focuses on developing and implementing systematic equity and volatility strategies, utilizing advanced programming and statistical techniques. You will engage in research, model building, and performance monitoring, contributing to high-quality returns. With a commitment to innovation, this opportunity offers a dynamic work culture that values critical thinking and economic intuition. If you are passionate about quantitative finance and eager to make a significant impact, this role is perfect for you.

Qualifications

• 2+ years as a quantitative analyst/trader in volatility.
• Strong programming skills in Matlab, Python, SQL, and KDB.

Responsibilities

• Develop volatility futures spreads and systematic strategies.
• Conduct research on global systematic option markets.
• Automate research and trading execution frameworks.

Skills

Research Skills

Programming in Matlab

Python Programming

SQL

KDB

Linux Knowledge

Statistical Analysis

Education

Masters in Quantitative Subject

PhD in Quantitative Subject

Tools

Statistical Arbitrage Strategies

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, with a primary focus on: idea generation, data gathering and 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 in order to build strong predictive models for 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 a 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 as well, 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.

Compensation

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 consider an individual’s experience level and qualifications to formulate a competitive total compensation package.