Quantitative Business Analyst - Equity Factor Models

We are seeking a Quantitative Business Analyst to join our Equity Factor Model team at Equity IT in New York.

The successful candidate will serve as the primary liaison between quantitative research and software engineering teams, translating model specifications and investment strategies into clear, testable technical requirements.

Responsibilities:

• Manage the end-to-end requirements lifecycle for equity risk modeling and trading tools, from discovery and functional specifications through acceptance criteria and delivery.
• Design and oversee the integration of quantitative models and datasets into the firm’s trading and risk infrastructure.
• Analyze and prototype against market, portfolio, and model data to validate inputs and outputs, strengthen data integrity, and support the quantitative research pipeline.
• Lead end-user testing and feature validation to ensure delivered solutions reflect the mathematical and business intent of investment professionals and portfolio research teams.
• Create and maintain clear documentation for quantitative tools and data feeds, including functional specifications, model logic descriptions, and data dictionaries.

Requirements:

• Advanced degree (PhD or Masters) in finance, financial engineering, mathematics, statistics, economics, physics, computer science, or another quantitative discipline.
• At least 2 years of professional work experience (post-PhD) as a business analyst or project manager within a hedge fund, asset management firm, or investment bank.
• Strong knowledge of asset pricing, quantitative factor risk modeling, portfolio optimization and construction, and core risk management concepts.
• Proficiency in Python and SQL for data analysis, validation, and prototyping.
• Experience partnering directly with portfolio researchers and software engineers to translate complex quantitative needs into actionable technical specifications.
• Excellent written and verbal communication skills, with the ability to explain mathematical concepts accurately to technical and non-technical stakeholders.

Preferred Skills:

• Experience with equity factor risk models, performance measurement and attribution, data quality controls, reproducible pipelines, model governance, or market data technologies.

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 $175,000 to $250,000.