Execution Quantitative Analyst

Job Description:

General Information

• Hiring Department/Group:          Execution Services
• Job Title:                                   Quantitative Analyst
• Office Location:                         New York
• Manager:                                  Sanjay Bhudia

Job Function Summary

The Execution Services team is responsible for trade execution across a wide range of products and geographies, with a focus on minimizing trading costs and execution risks, as well as providing market commentary and related content. Working with our partners in the vol risk business, central trading desk and technology, we offer you a number of tools to assist in a portfolio manager’s execution process.

We are currently seeking a Quantitative Analyst with execution and trading-focused experience to join a small group of technical execution quants in the firms central trading division. The team partners with trading technology teams, portfolio managers, business dev teams, traders with the goal of building scalable, automated trading processes.

The team consults, advises, and assists the firm’s traders and portfolio managers to improve their trading. We collaborate with the firm’s technologists to enhance trading systems and build new products.We maintain working relationships with our sell-side broker partners to help with the evaluation and design of their algorithms and other trading services.

Principal Responsibilities

The successful candidate will be expected to:

• Steer product development of the firms central trading processes and internal liquidity pools, soliciting appropriate inputs from various stakeholders,
• Improve and broaden the firms existing processes that evaluate and drill into trading performance of a particular portfolio management team
• Look for and recommend possible opportunities to improve execution quality by interpreting performance reports and performing custom analysis
• Contribute to feature development in the analysis system (expansion by asset class, product specifics, trading style specifics, and additional market coverage)
• Conduct research, identify patterns, evaluate trends
• Formulate and test hypotheses, design tests, interpret results
• Communicate all ideas, questions, and conclusions concisely and effectively
• Contribute to regular data maintenance—monitoring and cleaning
• Develop expertise in the firm’s trading practices and industry developments

Required Industry Experiences

• Experience: 4+ years of relevant experience in the trading and finance industry.
• Quantitative: understanding basic principles of statistical inference
• Buy Side Experience: Experience in a trading logic/execution capacity for a systematic trading process strategy on the buy side is a bonus and can substitute for the 4+ years of sell side experience requirement.
• Leadership: Experience as a hands-on development lead, mentoring and guiding junior developers.

Qualifications/Skills Required

• Education: Bachelor's or Master's degree in CS, Electrical & Electronic Eng, Biochem, applied math or statistics
• Analytical Skills:  Basic principles of statistical inference and excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights.
• Technical Skills: python, experience in kdb/q critical
• Basic Tools: Unix and variants, excel, shell essential
• Communication: Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
• Problem-Solving: Proven ability to solve complex problems and think critically in quickly evolving situations
• Market Structure: Experience with trading (markets, systems, mechanics)
• Team Player: Ability to work effectively in a team-oriented environment, collaborating with cross-functional teams.

The estimated base salary range for this position is $70,000 to $160,000, 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.