Millennium Management

Quantitative Researcher, Equity


PayCompetitive
LocationNew York/New York
Employment typeFull-Time

This job is now closed

  • Job Description

      Req#: REQ-15948
      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

      • 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 $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.

  • About the company

      Millennium is a global alternative investment management firm, founded in 1989, which manages $47.1 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies.

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