Quantitative Researcher, Equity
Job Description: Quantitative Researcher, Equity
Please send all resume submissions to QuantTalent@mlp.com and reference REQ-15948 in the subject.
Job Description
Quantitative Researcher as part of a small, collaborative team based in Chicago, with a focus on intraday systematic equity strategies.
Preferred Location
Flexible within US, Canada, and Europe
Principal Responsibilities
Working alongside the PM on intraday alpha research, with a primary focus on: idea generation, data gathering and research/analysis, model implementation and backtesting for systematic equity strategies
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 which will be deployed to the investment process
Collaborate with the PM in a transparent environment, engaging with the whole investment process
Preferred Technical Skills
Strong research and programming skills in Python are necessary
Masters or PhD degree in a quantitative subject such as Computer Science, Applied Mathematics, Statistics, or related field from a top ranked university
Preferred Experience
Approx. 3-4 years of experience as a quantitative researcher/trader in systematic equities closing auction strategies
Approx. 3-4 years of market microstructure alpha research
Demonstrated ability to understand fundamental and event related data and experience with alternative data sources
Demonstrated ability to conduct independent research using large data sets
Highly Valued Relevant Experience
3-4 years within a Central Risk Book team at a bank
Strong economic intuition and critical thinking
Product experience in statistical arbitrage strategies, event-driven strategies or auctions trading
Trading experience would be desirable but is not necessary
Target Start Date
Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. The estimated base salary range for this position is $100,000 to $200,000, which is specific to New York and California and may change in the future. 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.
Please send all resume submissions to QuantTalent@mlp.com and reference REQ-15948 in the subject.