Quantitative Developer - EQ Factor Risk Model Technology
Millennium is looking for an exceptional individual to join the Equity Factor Risk Model Technology Team, which is responsible for designing and developing equity portfolio analytics framework, including MSCI Barra equity factor risk models.
Principal Responsibilities
Build expertise in Barra and proprietary factor risk models
Design and build data Lakehouse architecture
Identify, design, and implement internal process improvements: automating manual processes, optimizing data pipeline, re-designing infrastructure for greater scalability, etc.
Work with portfolio research team on the development and integration of new analytics models into the firm's delivery platforms
Perform extensive back-testing of existing and new risk factor models
Support and run processes for risk management and equity portfolio research
Qualifications/Skills Required
Minimum of 5 years of software development experience in finance or top-tier technology companies.
Advanced working knowledge of SQL with at least 5 years of professional development experience.
Advanced R or Python programming skills with at least 5 years of professional development experience, including topics like OOP.
Experience designing and building data Lakehouse architecture is a significant plus.
Experience working with Spark and Trino/Spark compute, and expertise with open table formats such as Delta Lake and/or Iceberg is a significant plus.
Experience with AWS data services like AWS Glue and AWS EMR.
Strong working knowledge of statistics.
Broad understanding of equity markets and portfolio construction.
Strong communication skills, as this role involves direct communication with risk management and trading.
Detail-oriented, a quick learner, and able to adapt to a dynamic, high-paced environment.
Demonstrated track record of success in challenging environments.
The estimated base salary range for this position is $175,000 to $250,000, 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.