A fast-growing, collaborative, and entrepreneurial systematic investment team is seeking a highly skilled Quantitative Researcher with expertise in systematic macro strategies.
\nThe 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.
\nPrincipal Responsibilities:
\nWork 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.
\nContribute to and enhance the internal research platform, including data pipelines, statistical learning tools, alpha analytics, and backtesting frameworks.
\nIndependently explore and develop new alpha ideas while collaborating in a transparent and team-oriented environment.
\nPreferred Technical Skillset:
\nStrong research and programming skills, with proficiency in Python.
\nSolid experience with data analytics libraries (e.g., Pandas, SciPy, NumPy, Polars); extensive library-building experience is a plus.
\nMasters 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.
\nExceptional problem-solving abilities, intellectual curiosity (especially in alpha research), and a proactive research mindset.
\nCreativity and out-of-the-box thinking, combined with rigorous quantitative analysis.
\nPreferred Experience:
\n2+ years of experience in quantitative research with a focus on systematic macro strategies.
\nPreferred experience in hedge fund alpha research in commodities, FX, equity, and bond futures.
\nExperience in macro intraday strategies is a strong plus.
\nExperience in trading cost analysis is a plus.
\nExperience in machine learning is a plus.
\nTarget Start Date:
\nUp to 12 months (strong preference for candidates who can start sooner)
\nMillennium 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.
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