Quantitative Researcher, Systematic Equities.
Quantitative Researcher, Systematic Equities.

Quantitative Researcher, Systematic Equities.

London Full-Time 48000 - 84000 Β£ / year (est.) No home office possible
Go Premium
M

At a Glance

  • Tasks: Join a team to develop cutting-edge trading strategies using machine learning.
  • Company: Millennium is a leading global hedge fund focused on tech-driven market innovations.
  • Benefits: Enjoy a dynamic work environment with opportunities for growth and innovation.
  • Why this job: Be part of a fast-paced culture that values creativity and analytical thinking.
  • Qualifications: Bachelor's or Master's in STEM; 3+ years in systematic trading and data manipulation.
  • Other info: Work in London or Dubai and collaborate with top-tier professionals.

The predicted salary is between 48000 - 84000 Β£ per year.

Quantitative Researcher, Systematic Equities

Millennium is a top tier global hedge fund with a strong commitment to leveraging market innovations in technology and data to deliver high-quality returns.

Job Description

Quantitative Researcher, with systematic equity experience, as part of a collaborative team based in London on systematic equity trading.

This collaborative, and entrepreneurial systematic investment team is seeking a strong equities quantitative researcher to join in developing new signals and strategies. This opportunity provides a dynamic and fast-paced environment with excellent opportunities for career growth.

Location

London (preferred)

Principal Responsibilities

  • Working alongside the SPM on alpha research, with a primary focus on: idea generation, data gathering and research/analysis, model implementation and backtesting for systematic equity strategies
  • Combine rigorous scientific methods and machine learning or statistical learning techniques to explore, analyze, and harness a large variety of datasets in order to build strong predictive models which will be deployed to the investment process
  • Develop and improve sophisticated python-based software tools and libraries for machine learning researches
  • Write and maintain neat, modular code on a jointly owned codebase of significant size and complexity
  • Collaborate with the SPM in a transparent environment, engaging with the whole investment process
  • Preferred Technical Skills

  • Strong research and programming skills in Python and experience working on sophisticated Python-based software tools and libraries in a fast changing environment
  • Masters or PhD degree in a quantitative subject such as Computer Science, Applied Mathematics, Statistics, or related fields from a top ranked university
  • Demonstrate excellent communication, analytical and quantitative skills
  • Preferred Experience

  • 3+ years of experience with cash equities strategies doing alpha research
  • 3+ years of experience in equity alpha capture and flow research
  • 3+ years of experience in equity intraday trading
  • Highly Valued Relevant Experience

  • Demonstrated ability to understand fundamental and event related data and experience with alternative data sources
  • Strong economic intuition and critical thinking
  • Product experience in statistical arbitrage strategies
  • Product experience with machine learning based alphas would be valued
  • Target Start Date

    As soon as possible

    M

    Contact Detail:

    Millennium Management Recruiting Team

    StudySmarter Expert Advice 🀫

    We think this is how you could land Quantitative Researcher, Systematic Equities.

    ✨Tip Number 1

    Familiarise yourself with the latest trends in machine learning and quantitative finance. Being able to discuss recent advancements or case studies during your interview can demonstrate your passion and knowledge in the field.

    ✨Tip Number 2

    Network with professionals in the hedge fund industry, especially those working in systematic trading. Attend relevant conferences or webinars to make connections and gain insights that could give you an edge in your application.

    ✨Tip Number 3

    Prepare to showcase your technical skills by working on personal projects or contributing to open-source initiatives related to quantitative research. This hands-on experience can be a great talking point in interviews.

    ✨Tip Number 4

    Practice explaining complex concepts in simple terms. As communication is key in this role, being able to articulate your ideas clearly will help you stand out during discussions with the Senior Portfolio Manager.

    We think you need these skills to ace Quantitative Researcher, Systematic Equities.

    Machine Learning
    Statistical Analysis
    Data Manipulation
    Python Programming
    KDB/Q (preferred)
    Quantitative Finance Knowledge
    Mathematical Modelling
    Regression Analysis
    Probability Theory
    Data Science Tools (Jupyter, pandas, numpy, sklearn)
    Backtesting Strategies
    Feature Engineering
    Analytical Skills
    Problem-Solving Skills
    Communication Skills
    Collaboration with Cross-Functional Teams
    Adaptability in Fast-Paced Environments

    Some tips for your application 🫑

    Tailor Your CV: Make sure your CV highlights relevant experience in quantitative research and systematic trading. Emphasise your proficiency in Python and any machine learning projects you've worked on, as well as your familiarity with data science tools like Jupyter and pandas.

    Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and Millennium as a company. Discuss how your background aligns with their focus on leveraging technology and data for trading strategies. Mention specific experiences that demonstrate your analytical skills and problem-solving abilities.

    Showcase Relevant Projects: If you have worked on projects involving machine learning or statistical analysis, include them in your application. Describe your role, the techniques used, and the outcomes. This will help illustrate your hands-on experience and understanding of the field.

    Highlight Soft Skills: Millennium values communication and collaboration. In your application, mention instances where you've successfully worked in cross-functional teams or adapted to fast-paced environments. This will show that you possess the interpersonal skills necessary for the role.

    How to prepare for a job interview at Millennium Management

    ✨Showcase Your Technical Skills

    Make sure to highlight your proficiency in data science tools like Jupyter, pandas, and Python during the interview. Be prepared to discuss specific projects where you've implemented machine learning techniques or worked with large datasets.

    ✨Demonstrate Your Problem-Solving Abilities

    Quantitative roles require strong analytical skills. Prepare examples of how you've tackled complex problems in previous positions, particularly in systematic trading or data manipulation. This will show your critical thinking and adaptability.

    ✨Communicate Clearly

    Effective communication is key, especially when collaborating with cross-functional teams. Practice explaining your research and findings in a clear and concise manner, as this will be crucial in conveying complex concepts to non-technical stakeholders.

    ✨Express Your Curiosity and Eagerness to Learn

    Millennium values candidates who are self-motivated and eager to grow. Share your passion for quantitative finance and any recent learning experiences or projects that demonstrate your commitment to continuous improvement in the field.

    Quantitative Researcher, Systematic Equities.
    Millennium Management
    Location: London
    Go Premium

    Land your dream job quicker with Premium

    You’re marked as a top applicant with our partner companies
    Individual CV and cover letter feedback including tailoring to specific job roles
    Be among the first applications for new jobs with our AI application
    1:1 support and career advice from our career coaches
    Go Premium

    Money-back if you don't land a job in 6-months

    >