Quantitative Researcher

We are seeking a Quantitative Researcher to join our Performance Research team at Millennium, a global alternative investment firm.

The successful candidate will be responsible for researching and developing quantitative frameworks to identify and measure the drivers of portfolio performance and risk, and to inform improvements in risk-adjusted returns at the Portfolio Manager and firm levels.

Key responsibilities include:

• Researching and developing quantitative frameworks to identify and measure the drivers of portfolio performance and risk
• Exploring new datasets and quantitative models from internal and external sources to continuously enhance the team's analytical capabilities
• Conducting tactical quantitative research in response to a range of questions from senior management
• Partnering with technology to streamline the transition of quantitative models and tools into production environments
• Collaborating with portfolio, risk, and business managers to support the accurate application of quantitative models and tools in day-to-day workflows
• Preparing presentations and reports for senior management to communicate research findings, new models, and portfolio insights clearly and effectively

To be successful in this role, you will need:

• A degree in a technical or quantitative field; Master's or Ph.D. preferred
• 5+ years of experience in a quantitative research role within a financial organization preferred
• Prior experience in alpha research, portfolio construction, hedging applications, and risk modeling preferred
• Intellectual curiosity, sound judgment, and the ability to work independently on open-ended research questions
• Strong programming skills, including experience with Python and SQL
• Experience with AI tools, including AI-assisted coding, agentic workflows, and LLM use for research and recurring analytical work is a plus
• Strong written and verbal communication skills, with the ability to communicate effectively with senior managers across the organization

In return, we offer 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.