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Credit Quantitative Researcher

Balyasny Asset Management
Credit Quantitative Researcher
New York, US
150,000 - 200,000
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Job Description


Balyasny Asset Management (BAM) is seeking a Quantitative Researcher to join an established investment team that specializes in systematic strategies for credit derivatives and corporate bonds.


The selected candidate will undertake a variety of tasks based on their expertise and the team's current priorities, including:

  • Systematic Alpha Research:

o Development and evaluation of financial models and back testing methodologies.

o Conducting statistical and data analyses.

  • Portfolio Construction:

o Researching transaction cost models and portfolio optimization techniques.

  • Day-to-Day Investment Operations:

o Implementing research findings into production.

o Creating automated reports and alerts, investigating data issues, and enhancing investment processes.

o Performing P&L attribution.

Qualifications & Requirements

  • Education: Advanced degree in a quantitative field such as Statistics, Mathematics, Physics, Materials Science, Engineering, Economics, Finance, etc. Preference for a Ph.D., but a Bachelor’s or Master’s degree with relevant industry experience is acceptable.

  • Programming Skills: Strong coding abilities in one of the following languages: Python, R, MatLab, Mathematica, or similar. Proficiency in python is required.

  • Analytical Skills: Demonstrated ability to think critically and independently, evidenced by a track record of projects or publications. Expertise in one or more of the following areas is essential:

o Statistical learning/machine learning

o Data science

o Linear algebra

o Time series analysis

o Covariance estimation, factor models, and random matrix theory

o Data visualization

o Optimization techniques, including mean-variance optimization and modern portfolio theory

  • Market Interest: A strong interest in financial markets is crucial.

Additional Preferences (Nice to Have, Not Required):

  • Experience in credit markets is a plus but not mandatory.

  • Quantitative investing experience is highly valued, though not required for highly motivated candidates who show a keen interest and the ability to learn independently.

About Balyasny Asset Management

Balyasny Asset Management (BAM) is a diversified global investment firm founded in 2001 by Dmitry Balyasny, Scott Schroeder, and Taylor O'Malley. With over $20 billion in assets under management, BAM employs more than 1,900 people across 20 offices in the U.S. and Canada, Europe, the Middle East, and Asia. The firm’s 165 investment teams span six strategies, including Equities Long/Short, Equities Arbitrage, Macro, Commodities, Systematic, and Growth Equity. Balyasny’s mission is to deliver to its investors absolute, uncorrelated returns in all market environments.

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