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Quantitative Researcher - Trading & Execution

Quantitative Researcher - Trading & Execution
New York, US
213,000 - 364,000
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Job Description

Quantitative Researcher – Trading & Execution

The Role

We are seeking an experienced researcher to join the execution services team responsible for trading research and systematic execution on a global scale. This candidate will be part of a team that seeks to continuously improve the firm’s execution processes by utilizing quantitative approaches and advanced technologies. He or she will closely work with portfolio managers, traders, technologists, operation specialists, brokers, etc., to conduct research, build analytics and tools, and design electronic trading solutions.

What you’ll do ** **

The Quantitative Execution Researcher will work to incorporate execution research into trading decisions. This person will be responsible for reducing implementation shortfall through rigorous measurement, research and experimentation. A successful candidate will setup framework to capture and normalize all datasets required to measure and monitor transaction costs. He or she will estimate statistical significance in execution performance across algorithms and parameters and maintain strategy routing tables used to probabilistically direct flow across brokers/algorithms. This individual will develop and calibrate market impact models for use in real-time systems and simulation, and evaluate academic research relevant to trading costs, market microstructure and micro-pricing. He or she will also provide expertise to development team on optimal order routing, slicing and venue selection.

What you’ll bring

What you need:

  • PhD degree, ideally in math, statistics, computer science, financial engineering or a related field
  • Minimum of 3 years of experience in execution research and algorithmic trading
  • A self-starter, entrepreneurial, and passion for quantitative finance
  • Excellent analytical skills with strong foundation in modelling, statistics, probability, and optimization
  • Strong knowledge in equities trading, market microstructure/micro-pricing, and hedge fund operations
  • Solid computer programming skills including but not limited to Linux, KDB/Q and Python
  • Be able to carry out multiple tasks in a fast-paced environment with strong attention to detail
  • Excellent communication skills and the ability to work well and collaborate with others

We’d love if you had:

  • Experience working with optimization, machine learning and data visualization
  • Work well independently and identify opportunities to create and improve systems without direction
  • Prior experience with OMS/EMS

Our Culture ****

The firm’s ethos is embedded in our people. ‘Talent is our strategy’ is our mantra and drives how we approach all initiatives at the firm. We believe our success is because of our people, so putting our talent above all else is our top priority.

Schonfeld strives to create an environment where our people can thrive. We foster a teamwork-oriented, collaborative environment where ideas at any level are encouraged and shared. The development and advancement of our talent is honed through interactions with each other, learning & educational offerings, and through opportunities to make impactful contributions.

Who we are ****

Schonfeld Strategic Advisors is a multi-manager platform that invests its capital with Internal and Partner portfolio managers, primarily on an exclusive or semi-exclusive basis, across quantitative, fundamental equity and tactical trading strategies. We have created a unique structure to provide global portfolio managers with autonomy, flexibility and support to best enable them to maximize the value of their businesses.

Over the last 30 years, Schonfeld has successfully capitalized on inefficiencies and opportunities within the equity markets. We have developed and invested heavily in proprietary technology, infrastructure and risk analytics. Our portfolio exposure has expanded across the Americas, Europe and Asia as well as multiple asset classes and products.



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