Junior Quant Trader
AlphaGrep · Bengaluru, Karnataka, India
- On site
- Full-time
- $120,000 / year
- Bengaluru, Karnataka, India
Job highlights
- Execute lightning-fast algorithmic trading strategies.
- Develop complex, nimble code for growth.
- Analyze market behavior and identify opportunities.
- Work with diverse asset classes globally.
- Collaborate with engineers and mathematicians.
About the role
Junior Quantitative Trader at AlphaGrep
AlphaGrep is a quantitative trading and investment firm founded in 2010. We are one of the largest firms by trading volume on Indian exchanges and have significant market share on several large global exchanges as well. We use a disciplined and systematic quantitative approach to identify factors that consistently generate alpha. These factors are then coupled with our proprietary ultra-low latency trading systems and robust risk management to develop trading strategies across asset classes (equities, commodities, currencies, fixed income) that trade on global exchanges.
Our traders execute lightning-fast algorithmic strategies based on patterns in market behavior in over 150 markets worldwide. As a Quantitative Trader, you’ll draw upon your computer science, mathematical, and analytical abilities to develop complex and nimble code used to grow our business and increase the efficiency of the global financial markets.
AlphaGrep seeks a Quantitative Trader to join our Bengaluru office and execute strategies based on market behavior.
Responsibilities
- Identify, maintain, and enhance trading strategies and business opportunities for our market making Algorithmic trading teams.
- Use a systematic and data-driven approach to identify areas of improvement for existing strategies.
- Take P&L responsibility and drive what new frameworks need to be developed by the team to enhance the P&L in respective markets.
- Financial model construction, back-testing, maintenance, and improvement.
- Monitor and evaluate how strategies interact with evolving market microstructure, identifying behavioural gaps, execution inefficiencies, and edge cases that impact performance.
- Conduct opportunity landscape assessments across a diverse set of strategies to provide the team with clear, data-backed direction on where to prioritise focus and allocate resources.
- Perform post-trade analysis and strategy attribution to distinguish between structural alpha decay, market regime changes, and implementation shortfalls.
- Monitor real-time trading activity and intervene where necessary to manage drawdowns, exposure limits, and anomalous strategy behaviour, translating live observations and patterns into actionable insights to continuously refine and improve strategy performance.
- Contribute to the continuous improvement of internal tooling, analytics platforms, and reporting infrastructure to support faster and more rigorous decision-making.
Qualifications
- Bachelors/Masters/PhD degree in related fields from a Top-tier institute.
- Experience with Data Analysis, Market Research, and Data Modelling (a plus).
- Software Development experience, preferably in C++, Python, or R/Matlab.
- The ability to manage multiple tasks in a fast-paced environment.
- Strong communication skills.
- A working knowledge of Linux/Unix.
Why You Should Join Us
- Great People: We’re curious engineers, mathematicians, statisticians and like to have fun while achieving our goals.
- Transparent Structure: Our employees know that we value their ideas and contributions.
- Relaxed Environment: We have a flat organizational structure with frequent activities for all employees such as yearly offsites, happy hours, corporate sports teams, etc.
- Health & Wellness Programs: We believe that a balanced employee is more productive. A stocked kitchen, gym membership, and generous vacation package are just some of the perks that we offer our employees.
Key skills/competency
- Quantitative Trading
- Algorithmic Trading
- Data Analysis
- Financial Modeling
- Back-testing
- Python
- C++
- Linux/Unix
- Risk Management
- Market Microstructure
Skills & topics
- Quantitative Trader
- Junior Trader
- Algorithmic Trading
- Quant Trading
- Financial Markets
- Data Analysis
- Python
- C++
- Trading Strategies
- Bengaluru Jobs
How to get hired
- Tailor your resume: Highlight C++, Python, R/Matlab, data analysis, and any quantitative finance experience relevant to AlphaGrep's Junior Quantitative Trader role.
- Showcase your skills: Emphasize your academic achievements from top-tier institutions and any experience with market research or data modeling.
- Prepare for technical questions: Be ready to discuss your understanding of algorithmic trading, financial modeling, and your experience with Linux/Unix environments.
- Understand AlphaGrep: Research AlphaGrep's quantitative approach, trading volume, and global market presence to align your responses with their business objectives.
- Demonstrate adaptability: Highlight your ability to manage multiple tasks in a fast-paced environment and your strong communication skills.
Technical preparation
Master C++ and Python for trading systems.,Practice financial modeling and back-testing.,Familiarize yourself with Linux/Unix environments.,Develop strong data analysis and modeling skills.
Behavioral questions
Describe a complex problem you solved.,How do you handle fast-paced environments?,Discuss a time you improved a process.,How do you collaborate with diverse teams?
Frequently asked questions
- What is the typical career progression for a Junior Quantitative Trader at AlphaGrep?
- As a Junior Quantitative Trader at AlphaGrep, you can expect a structured career path. Initial focus will be on executing and refining existing strategies, gaining deep understanding of market microstructure and our trading systems. With demonstrated success and growth in P&L responsibility, opportunities to lead framework development, identify new business opportunities, and contribute to core strategy enhancement will arise. Your progression will be supported by mentorship from experienced traders and a transparent organizational structure that values employee contributions.
- What programming languages are most critical for a Junior Quantitative Trader at AlphaGrep?
- While AlphaGrep utilizes a range of languages, C++ and Python are highly critical for Quantitative Traders. C++ is often used for ultra-low latency trading systems, demanding high performance and efficiency. Python is invaluable for data analysis, strategy development, back-testing, and rapid prototyping. Experience with R or Matlab is also beneficial. Proficiency in at least one, and ideally familiarity with both C++ and Python, will significantly strengthen your application for the Junior Quantitative Trader role.
- How does AlphaGrep approach risk management for its trading strategies?
- Risk management is a cornerstone of AlphaGrep's quantitative approach. We employ robust risk management systems to monitor real-time trading activity, manage drawdowns, and adhere to exposure limits. Post-trade analysis is crucial for distinguishing between alpha decay, market regime changes, and implementation shortfalls, allowing us to refine strategies and maintain controlled risk profiles. As a Junior Quantitative Trader, you'll be instrumental in monitoring and intervening when necessary to ensure strategies operate within defined risk parameters.
- What kind of quantitative and analytical skills are expected from a Junior Quantitative Trader?
- AlphaGrep seeks Junior Quantitative Traders with strong computer science, mathematical, and analytical abilities. This includes skills in data analysis, market research, data modeling, financial model construction, and back-testing. You should be comfortable with statistical analysis and identifying patterns in market behavior. Your ability to translate complex data into actionable insights for strategy enhancement and P&L improvement will be key to your success in this role.
- Does AlphaGrep offer training for new Junior Quantitative Traders?
- Yes, AlphaGrep is committed to employee development. While we seek candidates with a strong foundational understanding of quantitative concepts and programming, we provide opportunities for continuous learning and skill enhancement. New Junior Quantitative Traders will work closely with experienced team members, benefiting from mentorship and hands-on experience with our proprietary systems and trading strategies. The emphasis is on learning by doing and contributing to a collaborative environment.