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Quantitative Trader - Index Rebalance

Old Mission Capital
Quantitative Trader - Index Rebalance
New York, US
150,000 - 225,000
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Job Description


Old Mission Capital, a global quantitative proprietary trading firm, is hiring a Quantitative Trader to work in our New York City office. The Quantitative Trader will be responsible for developing and implementing systematic strategies around Index Rebalancing events.

Position Overview:

We are seeking a highly skilled Quantitative Trader to join our Stat-Arb Desk, where you will be responsible for developing and executing trading strategies centered around scheduled and ad-hoc index rebalancing events. The ideal candidate will have a strong background in quantitative finance, statistical analysis, and programming, with a keen interest in leveraging data-driven insights to drive trading decisions.


  • Predictive Modeling: Utilize quantitative techniques and statistical analysis to develop predictive models for index rebalancing events. This includes analyzing historical data, identifying patterns, and building algorithms to forecast changes in index components.
  • Strategy Development: Design and implement trading strategies tailored to exploit opportunities arising from scheduled and ad-hoc rebalancing events. Develop systematic approaches to capture alpha and manage risk effectively.
  • Market Research: Stay abreast of market changes impacting index constituents and rebalancing methodologies. Conduct in-depth research to understand the dynamics of various indices and their underlying components.
  • Algorithmic Trading: Implement algorithmic trading systems to execute trading strategies in an efficient and automated manner. Optimize execution algorithms to minimize market impact and slippage.
  • Risk Management: Monitor and manage risk exposure associated with trading activities. Implement risk controls and mitigation strategies to safeguard the firm's capital and optimize portfolio performance.
  • Collaboration: Work closely with other members of the trading desk to refine trading strategies, enhance analytical tools, and improve overall trading performance.


  • Bachelor’s degree or foreign equivalent degree in a quantitative discipline such as Mathematics, Statistics, Physics, Economics, Computer Science, or Engineering. Advanced Degrees preferred.
  • Experience working on Index rebalance strategies – focusing on scheduled and corporate action-driven trades. Strong preference for candidates with relevant experience with a Program Trading Desk, Proprietary Trading firm or Hedge fund set up.
  • Proficiency in programming languages such as Python, R, or C++ for data analysis, model development, and algorithmic trading.
  • Strong understanding of financial markets, index methodologies, and trading dynamics.
  • Excellent analytical skills with a meticulous attention to detail.
  • Ability to thrive in a fast-paced, dynamic trading environment and make informed decisions under pressure.
  • Effective communication skills and the ability to collaborate effectively.


  • Competitive salary with discretionary bonus
  • Fully paid for Medical, Dental, Vision, Disability and Life Insurance
  • Fully stocked kitchen; free breakfast and lunch every day
  • Tuition reimbursement program
  • Friendly, informal team environment

NY Transparency Law:

**Annual Base Salary Range for qualified candidates would be between $150,000

  • 225,000.**

The successful candidate must have valid work authorization to work for any employer in the US without sponsorship.

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