Quantitative Researcher

Millennium's Global Risk Management Department is responsible for identifying, measuring, monitoring, managing and reporting on the risks associated with Millennium's portfolios. The Quantitative Strategies team develops quantitative investment strategies across asset classes.

As a Quantitative Researcher, you will:

• Conduct original research and develop systematic investment strategies across all asset classes, including equities, rates, commodities, credit, and FX.
• Generate and test new research ideas using financial intuition, statistical learning, and large, diverse datasets.
• Build and improve research infrastructure, including data pipelines, signal analytics, backtesting tools, and portfolio analytics.
• Analyze strategy performance with attention to robustness, implementation, transaction costs, liquidity, and risk exposures.
• Research opportunities across futures, forwards, options, swaps, and cash instruments, including relative value, directional, and cross-asset themes.
• Partner closely with portfolio managers, researchers, and technologists to move ideas from research into production.
• Monitor live strategies and refine models based on empirical results and changing market behavior.

You bring:

• Advanced degree in an applied quantitative field such as statistics, econometrics, computer science, engineering, operations research, financial engineering, applied mathematics, or data science.
• Excellent Python skills, including experience with common scientific/data libraries such as pandas, NumPy, SciPy, Polars, scikit-learn, or similar tools.
• Strong grounding in statistics, probability, optimization, and empirical modeling.
• Experience working with large financial datasets, market data, and reproducible research workflows.
• Ability to build clean, scalable research code and evaluate models rigorously.
• Experience in quantitative research, systematic investing, hedge funds, asset management, or related research environments.

Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000.