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Volatility Quantitative Researcher, Systematic Equities

Millennium Management

Millennium Management

New York, NY, USA
USD 150k-200k / year
Posted on Feb 12, 2025
Volatility Quantitative Researcher, Systematic Equities

Volatility Quantitative Researcher, Systematic Equities

Please send resume submissions to QuantTalent@mlp.com.

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

Volatility Quantitative Researcher as part of a small, collaborative team based in New York, with a focus on systematic equity and volatility strategies

Location

Open globally

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

  • Will wait 3 months

The estimated base salary range for this position is $150,000 – $200,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. 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.