Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Develop and maintain pricing libraries for FX, Fixed Income, and Commodities trading.
- Company: Millennium is a leading global hedge fund focused on tech and data-driven solutions.
- Benefits: Enjoy a dynamic work environment with excellent growth opportunities and innovative projects.
- Why this job: Join a cutting-edge team and collaborate globally to solve complex financial challenges.
- Qualifications: Experience in FX market modelling and strong analytical skills are essential.
- Other info: Work closely with teams in London, Geneva, and New York in a fast-paced setting.
The predicted salary is between 48000 - 72000 £ per year.
Millennium is a top tier global hedge fund with a strong commitment to leveraging innovations in technology and data science to solve complex problems for the business. We are assembling a strong Quant Technology team to build our next generation in-house analytics and trader support tools. This team will sit under the Fixed Income & Commodities Technology (FICT) group and will develop and maintain the in-house pricing libraries to support trading in Fixed Income, Commodities, Credit, and FX business at Millennium. FICT provides a dynamic and fast-paced environment with excellent growth opportunities.
Responsibilities:
- Work closely with Quants in London, Geneva & New York to maintain and develop our cross-asset pricing and risk library
- Work with the business and other Quants to deliver cutting edge Foreign Exchange specific pre-trade, pricing and risk analytics tools
Requirements:
- Previous experience in FX market modelling conventions and derivatives including exotics preferable
- Experience working with exotic models for single or multi asset: Local Stochastic Volatility, Local Correlation preferable but not essential
- Strong knowledge in at least one of the main numerical methods Monte Carlo, Finite Differences, Finite Elements
- Modern C++ professional programming experience is preferred
- Python experience is not required but encouraged
- Experience supporting traders or portfolio managers on regular questions like pnl/risk explain and/or pre-trade analysis tools
- Strong analytical and mathematical skills
- Strong problem solving capabilities
- Innovative thinking, demonstrating curiosity for new solutions to old problems
- Excellence driven, detail oriented and organized
- Demonstrating thoroughness and strong ownership of work
- Solid communication skills
- Able to work independently in a fast-paced environment
Quantitative Researcher - FX employer: Millennium Management
Contact Detail:
Millennium Management Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Quantitative Researcher - FX
✨Tip Number 1
Familiarise yourself with the latest trends and technologies in FX market modelling. Understanding the nuances of exotic derivatives and local stochastic volatility will give you an edge when discussing your expertise with the team.
✨Tip Number 2
Network with professionals in the quantitative finance space, especially those who work with hedge funds. Engaging in discussions about pricing libraries and risk analytics can provide insights that may be beneficial during interviews.
✨Tip Number 3
Brush up on your programming skills, particularly in Modern C++. Being able to demonstrate your coding abilities in a practical setting can significantly enhance your candidacy for this role.
✨Tip Number 4
Prepare to showcase your problem-solving capabilities through real-world examples. Think of specific challenges you've faced in previous roles and how you approached them, as this will resonate well with the fast-paced environment at Millennium.
We think you need these skills to ace Quantitative Researcher - FX
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Quantitative Researcher - FX position. Familiarise yourself with FX market modelling conventions and the specific tools mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in FX market modelling and any work with exotic models. Be sure to include your programming skills, especially in Modern C++, and any analytical projects that demonstrate your problem-solving capabilities.
Craft a Compelling Cover Letter: Use your cover letter to showcase your passion for quantitative research and your innovative thinking. Mention specific examples of how you've supported traders or portfolio managers in the past, and express your enthusiasm for working in a fast-paced environment.
Proofread and Edit: Before submitting your application, carefully proofread your CV and cover letter. Check for any grammatical errors or typos, and ensure that all information is clear and concise. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Millennium Management
✨Showcase Your Technical Skills
Make sure to highlight your experience with numerical methods and programming languages, especially Modern C++. Be prepared to discuss specific projects where you've applied these skills, particularly in the context of FX market modelling.
✨Demonstrate Your Analytical Thinking
Prepare to solve a few analytical problems during the interview. This could involve discussing how you would approach a specific FX pricing model or risk analysis tool. Show your thought process clearly and logically.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice explaining complex concepts in simple terms, as you may need to collaborate with Quants and traders from different backgrounds. Clear communication can set you apart.
✨Research the Company and Role
Familiarise yourself with Millennium's approach to technology and data science in trading. Understanding their culture and the specifics of the Quant Technology team will help you tailor your responses and show genuine interest in the position.
