Quantitative Researcher

We are seeking to hire a Quantitative Researcher to join the Quant Research group within Nasdaq Europe’s Economic and Statistical Research team.

The quant research unit acts as the central research hub providing quantitative research and analytics services to multiple Nasdaq business units such as cash equities (listing and trading), equity derivatives, and market data with the overarching aim of improving Nasdaq’s trading offering, capital formation, and market structure within the Nordic and Baltic region. Select projects include supporting product development work on new market models and order types, helping Nasdaq’s customers optimize trading/routing decisions, and designing incentive schemes to attract order flow and measuring the efficacy of such initiatives.

What will you be doing?

• Employ advanced statistical, quantitative, and econometric techniques to conduct top quality research in areas such as market microstructure, pricing strategy, dark and lit fragmentation, and market liquidity.
• Employ artificial intelligence and machine learning models while developing trading protocols, order types, routing strategies, etc.; designing and implementing proof-of-concept research for new product ideas; work with relevant engineering teams to deploy successful product ideas in production.
• Take end-to-end ownership of research projects including defining the project scope, building data pipelines, data analysis and visualization, communication of research output, and industrialization of research findings.
• Contribute to improvements to the cloud-based research infrastructure and to the development of core analytical capabilities and model libraries.
• Create clear, concise, and organized communication materials (e.g., reports, presentations, procedures, and technical documentation) for consumption by audiences with different levels of subject-matter expertise.
• Independently work with and supervise students and interns on specific projects.
• Develop expertise in significant market, strategy, and/or policy areas.
• Establish and maintain relationships with key stakeholders.

We expect you to have

• Advanced degree in a quantitative field such as Mathematics, Statistics, Computer Science, Economics, Financial Engineering or equivalent.
• Up to 3 years of work experience employing statistical/econometric techniques and/or artificial intelligence and machine learning models within a quantitative research environment to produce robust, actionable research insights.
• Strong programming skills in Python, R, or similar, working with specialized statistical tools and large data sets. Strong skills in SQL (MS, PostgreSQL, Redshift)
• Experience applying sound scientific practices, formulating and testing hypothesis, back testing, verifying accuracy and predictive ability of models, etc.
• Experience in producing actionable decision material for senior management, and the ability to explain complex and technical concepts in a simple and meaningful manner
• Proficient English language skills

It would be great if you have

• A background working as a quantitative researcher in the finance industry, preferably in a trading environment
• Experience in transforming prototype models into production resilient application frameworks.
• Experience with cloud services (AWS, Redshift)
• Experience working in a governed development environment, having version control, doing code review, producing technical documentation, etc.

What do we offer you?

• Opportunities for professional growth and development. 
• Competitive salary and benefits package including monetary bonus and equity.
• 32 vacationdays, 6 additional flexdays.
• Employee Stock Purchase Program Nasdaq stocks with a discount
• Pension plan
• Fitness allowance
• Flexible health Insurance program

Does this sound like you?

This role provides a great opportunity to work within a highly skilled team! To succeed in this role, you need to be highly analytical, meticulous, and thorough while handling large amounts of data. Our short deadlines also place high demands on service mindedness, efficiency, and expertise. We offer you access to detailed datasets that provide a microscopic view into the functioning of financial markets.

This is a permanent position located in Stockholm. The company allows the flexibility to work half a week on-site and remotely (Hybrid model).

Nasdaq is a vibrant and entrepreneurial company where everyone is encouraged to take initiative, challenge the status quo, and take intelligent risks. We want everyone to feel welcome and bring their authentic self to work. Every day, we are building a culture where we all feel connected, supported, and empowered.

As the selection and interview process is ongoing, please submit your application in English as soon as possible.

Come as You Are

Nasdaq is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, color, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.