Millennium Management LLC
Senior Quantitative Researcher - Market Impact
Millennium Management LLC - New York, New York, United States, 10001
Work at Millennium Management LLC
Overview
- View job
Overview
Senior Quantitative Researcher - Market Impact
The Central Liquidity Strategies (CLS) business manages a number of portfolios and products designed to optimize the firm's trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis. We are currently seeking a Senior Quantitative Researcher with a focus on market impact modelling. The ideal candidate will have significant experience with this topic both academically and practically, including a strong awareness of the latest academic research, experience in fitting these models in real-world scenarios, and challenges including data and potential biases. Principal Responsibilities
The successful candidate will be expected to: Research the applicability of various market impact models to a variety business flows Build fitting tools and analytics to support the research process and model calibration Partner with PM / trading stakeholders to implement models into the portfolio construction process Research models applicable to asset classes outside of Equities Qualifications/Skills Required
Bachelor's degree in Mathematics, Statistics, Physics, Finance, Economics, Econometrics, Financial Engineering, Operations Research or similar 3+ years' experience in a Quantitative Research / Quantitative Trading role with a significant or exclusive focus on market-impact research / fitting Excellent analytical and quantitative skills Excellent communication skills, with the ability to work effectively in a team environment Ability to use Python / KDB for analytical / research purposes The estimated base salary range for this position is $160,000 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.
The Central Liquidity Strategies (CLS) business manages a number of portfolios and products designed to optimize the firm's trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis. We are currently seeking a Senior Quantitative Researcher with a focus on market impact modelling. The ideal candidate will have significant experience with this topic both academically and practically, including a strong awareness of the latest academic research, experience in fitting these models in real-world scenarios, and challenges including data and potential biases. Principal Responsibilities
The successful candidate will be expected to: Research the applicability of various market impact models to a variety business flows Build fitting tools and analytics to support the research process and model calibration Partner with PM / trading stakeholders to implement models into the portfolio construction process Research models applicable to asset classes outside of Equities Qualifications/Skills Required
Bachelor's degree in Mathematics, Statistics, Physics, Finance, Economics, Econometrics, Financial Engineering, Operations Research or similar 3+ years' experience in a Quantitative Research / Quantitative Trading role with a significant or exclusive focus on market-impact research / fitting Excellent analytical and quantitative skills Excellent communication skills, with the ability to work effectively in a team environment Ability to use Python / KDB for analytical / research purposes The estimated base salary range for this position is $160,000 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.