# Quant Arb Risk Analyst

**Company**: Equities Risk
**Location**: New York, New York
**Experience**: mid
**Job type**: full-time
**Salary**: $70,000 to $160,000
**Category**: Finance
**Industry**: Finance

**Apply**: https://mlp.eightfold.ai/careers/job/755959763994?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/job/quant-arb-risk-analyst-c384dc98-231/

## Description

We are seeking a Quant Arb Risk Analyst to join our team at Equities Risk in New York. As a Quant Arb Risk Analyst, you will play a crucial role in supporting the application of our risk management framework across quantitative arbitrage portfolios.

The Global Risk Management Department at Millennium is responsible for identifying, measuring, monitoring, managing, and reporting on risks associated with the firm's portfolios. We focus on market, credit, and liquidity risk across regions and product classes, establishing and monitoring trading parameters, risk guidelines, and performance metrics in partnership with our investment teams.

Responsibilities:

- Support the application of the firm's risk management framework across quantitative arbitrage portfolios.

- Monitor and analyze key performance and risk drivers across quantitative arbitrage strategies.

- Analyze and assess quantitative arbitrage strategies to develop a clear understanding of their risk characteristics.

- Partner with technology teams to improve and prototype risk capabilities.

- Build and enhance models and tools used to monitor risk and explain performance drivers across quant arb strategies.

Requirements:

- 1–5 years of experience in capital markets or quantitative strategy research.

- Experience in an equity-focused risk analyst role; exposure to equity derivatives or other asset classes is a plus.

- Experience with index, ETF, quantitative investment strategy (QIS), or Stat Arb research is a plus.

- Practical experience with equity factor models, such as Barra or Axioma, is preferred.

- Experience with AI tools, including AI-assisted coding, agentic workflows, and large language model use for research and recurring analytical work, is a plus.

- Strong quantitative, analytical, and problem-solving skills.

- Strong programming skills, including Python and SQL.

- Intellectual curiosity, sound judgment, and the ability to work independently on open-ended research questions.

Benefits: 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 $70,000 to $160,000.

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## Skills

### Required
- Python
- SQL
- quantitative analysis
- risk management
- programming

### Nice to have
- equity factor models
- Barra
- Axioma
- AI tools
- AI-assisted coding
- agentic workflows
- large language model

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Source: [Apply at mlp.eightfold.ai](https://mlp.eightfold.ai/careers/job/755959763994?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)