At a Glance
- Tasks: Lead the development of innovative trading algorithms and optimise execution strategies.
- Company: Join Millennium Management, a leading global investment management firm.
- Benefits: Enjoy competitive salary, performance bonuses, and comprehensive benefits.
- Why this job: Be part of a dynamic team shaping the future of trading technology.
- Qualifications: 10+ years in trading, strong programming skills in C++ or Java required.
- Other info: Opportunity to mentor junior developers and collaborate with top analysts.
The predicted salary is between 96000 - 160000 £ per year.
Senior Quantitative Lead – Trading Algorithms
Senior Quantitative Lead – Trading Algorithms
Millennium Management LLC London, United Kingdom
Senior Quantitative Lead – Trading Algorithms
Millennium Management LLC London, United Kingdom
Senior Quantitative Lead – Trading Algorithms
Senior Quantitative Lead – Trading Algorithms
The Central Liquidity Strategies (CLS) business manages a number of portfolios and products designed to optimize the firm\’s trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis.
We are seeking a highly driven, results-oriented Senior Quantitative Developer to with a strong background in building trading algorithms and a deep understanding of market microstructure and execution strategies to build a greenfield internal algorithmic trading platform This role requires a combination of technical expertise, industry knowledge, and leadership skills to develop and optimize trading algorithms tailored to the businesses\’ trading objectives
Principal Responsibilities
• Algorithm Development: Developing custom trading algorithms with the goal tailored execution outcomes that implement our portfolio optimization approach. Developing a framework that both relies on internal signals as well as facilitates its use by broader set of teams with their own signals, either independently or collaboratively.
• Simulation: Develop a framework of simulators that use market data and trade history (or models) to evaluate the efficacy of algorithmic logic changes.
• Collaboration with Quant Analysts: Partner with quantitative research analysts to productionize market microstructure and short-term signal models.
• Performance Evaluation: Develop execution analysis reporting with appropriate benchmarks to evaluate the performance of custom algorithms.
• Monitoring Tools: Develop intraday and post-trade monitoring tools to monitor and troubleshoot algorithm performance.
Qualifications/Skills Required
• Experience: 10+ years of relevant experience in the trading and finance industry.
• Market Microstructure Expertise: Domain expert in the market microstructure of cash equities. Knowledge of liquid futures market structure is a bonus.
• Development Skills: Significant hands-on development experience in event-driven, real-time trading processes. Proficiency in C++ is preferred. If using Java, must demonstrate techniques that maximize runtime performance; proficiency with techniques that cover at best-in-class software-based latency; experience with FPGA a plus but not required.
• Trade & Market Data: Reasonable amount of experience with understanding and coding trade and market data.
• Leadership: Experience as a hands-on development lead, mentoring and guiding junior developers.
• Education: Bachelor\’s or Master\’s degree in CS, Electrical & Electronic Eng, Biochem, applied math or statistics
• Technical Skills: Strong programming skills in C++ or Java, with a focus on event-driven real-time trading processes.
• Analytical Skills: Excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights.
• Communication: Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
• Problem-Solving: Proven ability to solve complex problems and think critically in high-pressure situations.
• Team Player: Ability to work effectively in a team-oriented environment, collaborating with cross-functional teams.
The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual\’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
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Senior Quantitative Lead - Trading Algorithms | London, UK employer: Millennium Management LLC
Contact Detail:
Millennium Management LLC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Quantitative Lead - Trading Algorithms | London, UK
✨Tip Number 1
Make sure to showcase your experience in developing trading algorithms. Highlight specific projects where you've successfully implemented algorithmic strategies, especially those that demonstrate your understanding of market microstructure.
✨Tip Number 2
Network with professionals in the trading and finance industry. Attend relevant conferences or meetups where you can connect with others who work in algorithm development or quantitative analysis, as personal connections can often lead to job opportunities.
✨Tip Number 3
Stay updated on the latest trends and technologies in algorithmic trading. Familiarise yourself with advancements in programming languages like C++ and Java, and consider contributing to open-source projects to demonstrate your skills and commitment to continuous learning.
✨Tip Number 4
Prepare for technical interviews by practising problem-solving under pressure. Focus on algorithm design and optimisation challenges, as well as coding exercises that reflect real-world trading scenarios to show your analytical and technical prowess.
We think you need these skills to ace Senior Quantitative Lead - Trading Algorithms | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in algorithm development and market microstructure. Use specific examples that demonstrate your technical skills, particularly in C++ or Java, and any leadership roles you've held.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for trading algorithms and your understanding of the finance industry. Mention how your background aligns with the responsibilities outlined in the job description, especially your experience in developing custom trading algorithms.
Highlight Relevant Projects: In your application, include details about specific projects where you developed trading algorithms or worked on market data analysis. This will help illustrate your hands-on experience and problem-solving abilities in real-world scenarios.
Prepare for Technical Questions: Anticipate technical questions related to algorithm development and market microstructure during the interview process. Be ready to discuss your approach to building and optimising trading algorithms, as well as your experience with performance evaluation and monitoring tools.
How to prepare for a job interview at Millennium Management LLC
✨Showcase Your Technical Expertise
Be prepared to discuss your hands-on development experience, particularly in C++ or Java. Highlight specific projects where you've built trading algorithms or worked with market microstructure, as this will demonstrate your technical proficiency and relevance to the role.
✨Demonstrate Analytical Skills
Expect to solve complex problems during the interview. Brush up on your quantitative and analytical skills, and be ready to interpret data and provide actionable insights. You might be asked to analyse a trading scenario or algorithm performance, so practice articulating your thought process.
✨Emphasise Collaboration Experience
Since the role involves working closely with quantitative analysts and other teams, share examples of how you've successfully collaborated in the past. Discuss any leadership roles you've taken on, especially mentoring junior developers, to showcase your ability to work in a team-oriented environment.
✨Prepare for Communication Challenges
You may need to explain complex technical concepts to non-technical stakeholders. Practice simplifying your explanations and using clear, concise language. This will help you convey your ideas effectively and demonstrate your strong communication skills.