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Volatility Quantitative Researcher, Systematic Equities

Millennium Management
Volatility Quantitative Researcher, Systematic Equities
New York, US
150,000 - 200,000
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Job Description

Principal Responsibilities

  • Work alongside the SPM on developing volatility futures spreads and outright systematic strategies, on listed futures globally, with a primary focus on: idea generation, data gathering and research/analysis, model implementation and backtesting for systematic volatility strategies
  • Conduct research on global systematic option markets, with a focus on single stocks vs index spreads and selected bespoke ETFs, to generate signals for systematic equity volatility 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
  • Assist in automating the research, execution, and production framework of the trading environment
  • Monitor strategy performance in production
  • Collaborate with the SPM in a transparent environment, engaging with the whole investment process

Preferred Technical Skills

  • Strong research and programming skills, primarily in Matlab/Python, SQL, and KDB

  • Strong Linux knowledge

  • Masters or PhD degree in a quantitative subject such as Computer Science, Applied Mathematics, Statistics, or related field

Preferred Experience

  • Minimum of 2 years of experience as a quantitative analyst/trader in volatility
  • Demonstrated ability to conduct independent research using large data sets
  • Candidates with quantitative development experience will be considered as well, provided they also have relevant research experience

Highly Valued Relevant Experience:

  • Strong economic intuition and critical thinking
  • Product experience in statistical arbitrage strategies and volatility trading

Target Start Date

  • As soon as possible 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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