Quantitative Researcher, Single Stock Options
Quantitative Researcher, Single Stock Options
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.
A fast-growing, collaborative, and entrepreneurial systematic investment team is seeking a strong single stock options quantitative researcher to join in developing new signals and strategies. This opportunity provides a dynamic and fast-paced environment with excellent opportunities for career growth.
Job Description
Quantitative Researcher as part of a fast-growing, collaborative team, with a focus on systematic equity options strategies.
Preferred Location
New York
Principal Responsibilities
Work alongside the Senior Portfolio Manager on alpha research and development for systematic equity volatility strategies, with a primary focus on:Ideageneration
Data gathering and pre-processing
Research andanalysis
Model implementation and back-testing
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 Senior Portfolio Manager in a transparent environment, engaging with the whole investment process
Preferred Technical Skills
Strong research and programmingskillsPython is amust
Experience in C++, kdb/q, SQL is aplus
Master's or PhD degree in a quantitative subject such as Applied Mathematics,Statistics,
Computer Science, or related field from a top-tieruniversityVery strong candidates with Bachelor's degrees will also beconsidered
Strong abstract reasoning and independent problem-solvingskills
Excellent communicationskills
Preferred Experience
2-5 years of experience working in quantitative research/ quantitative trading capacity with a focus on mid-frequency linear equity/ equity options strategies
Demonstrated ability to conduct independent and innovative signalresearch
Experience in statistical arbitrage strategies is highlypreferred
Experience in options/ volatility is preferred but not amust
Experience in machine learning is aplusTheoretical understanding of machinelearning
hands-on experience in building scalable machine learning pipelines for data extraction, feature engineering, model implementation, training, tuning, evaluation, and deployment.
Target Start Date
12 months for exceptional candidates (strong preference for candidates who can start sooner)
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 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.