Description
A fast-growing, collaborative, and entrepreneurial systematic investment team is seeking a highly skilled Quantitative Researcher with expertise in systematic macro strategies.
The ideal candidate will contribute to alpha research, signal development, and strategy implementation in a dynamic and fast-paced environment. This role offers significant career growth.
Principal Responsibilities:
Work closely with the Senior Portfolio Manager to develop systematic macro strategies, focusing on alpha research, including idea generation, data preprocessing, statistical analysis, backtesting, and implementation.
Contribute to and enhance the internal research platform, including data pipelines, statistical learning tools, alpha analytics, and backtesting frameworks.
Independently explore and develop new alpha ideas while collaborating in a transparent and team-oriented environment.
Preferred Technical Skillset:
Strong research and programming skills, with proficiency in Python.
Solid experience with data analytics libraries (e.g., Pandas, SciPy, NumPy, Polars); extensive library-building experience is a plus.
Masters or PhD degree in a quantitative subject such as Applied Mathematics, Statistics, Physics, Engineering, Financial Engineering, Computer Science, or related field from a top-ranked university. Strong candidates with Bachelor's degree will also be considered.
Exceptional problem-solving abilities, intellectual curiosity (especially in alpha research), and a proactive research mindset.
Creativity and out-of-the-box thinking, combined with rigorous quantitative analysis.
Preferred Experience:
2+ years of experience in quantitative research with a focus on systematic macro strategies.
Preferred experience in hedge fund alpha research in commodities, FX, equity, and bond futures.
Experience in macro intraday strategies is a strong plus.
Experience in trading cost analysis is a plus.
Experience in machine learning is a plus.
Target Start Date:
Up to 12 months (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 $150,000 to $200,000, which is specific to New York and may change in the future.