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Quantitative Researcher, Fixed Income

Millennium Management
Quantitative Researcher, Fixed Income
New York, US
150,000 - 200,000
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Job Description

Quantitative Researcher, US Fixed Income

Quantitative Researcher, US Fixed Income

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

Quantitative Researcher as part of a thriving, dynamic, collaborative team with a primary focus on Fixed Income products, including rates, swaptions, CDX, and CMBX.


New York

Principal Responsibilities

  • Conduct alpha research on fixed income products, including treasury futures, swaps, TBAs, credit indices, CMBX
  • Formulate and implement risk constraints into portfolio construction
  • Perform research on optimal execution by tracking liquidity, bid/offer and market impact
  • Create systems to generate high quality returns through systematic research focusing on the US fixed income markets
  • Build out and manage tools for trading infrastructure, risk management systems, portfolio monitoring, and trade execution

Preferred Technical Skillset

  • Degree in a quantitative subject such as Applied Mathematics, Statistics, Computer Science or related field from a top-ranked university

  • Demonstrate strong abstract reasoning and independent problem-solving skills

Preferred Experience

  • Experience in a systematic trading environment with a focus on fixed income products
  • Experience conducting systematic alpha research
  • Experience with portfolio construction and optimization in a systematic environment
  • Experience with post-trade analysis, transaction cost analysis, and market impact analysis is a plus
  • Experience with trade execution is a plus

Highly Valued Relevant Experience

  • Curious, ambitious, self-starter mindset
  • Experience exploring, researching, and deploying trading signals
  • Experience in quantitative finance, econometrics, and asset pricing

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 $150,000 to $200,000, which is specific to New York 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.

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