6 days ago
Quantitative Trader
Millennium
On Site
Full Time
$200,000
New York, NY
Job Overview
Job TitleQuantitative Trader
Job TypeFull Time
CategoryCommerce
Experience5 Years
DegreeMaster
Offered Salary$200,000
LocationNew York, NY
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Job Description
Quantitative Trader at Millennium
Central Liquidity Strategies (CLS) at Millennium employs a range of strategies designed to optimize the firm’s trading and execution approach by providing internal liquidity solutions for portfolio managers on both a principal (risk) and agency basis.
Principal Responsibilities
- Lead a wide range of projects involving the design and implementation of strategies to reduce trading costs for delta-one and factor products.
- Monitor and manage risks within company guidelines and risk parameters, including operational, portfolio, financing, and basis risk.
- Partner with team members to set the overall direction, design, and architecture of the platform; collaborate with key stakeholders across the business.
Qualifications and Skills Required
- Experience: 6+ years in a trading or execution role.
- Education: Bachelor’s degree in Mathematics, Physics, Finance, Economics, Econometrics, Financial Engineering, Operations Research, or similar.
- Quantitative skills: Experience with factor modeling, transaction cost analysis (TCA) models, statistical modeling, and portfolio analytics.
- Risk management: Strong operational and event risk management skills; experience managing systematic strategies; familiarity with equity markets/asset classes. Familiarity with ETFs, futures, swaps, and vanilla derivatives is a plus (and can be learned on the desk).
- Technical skills: Self-sufficient programming ability in Python and/or kdb+ for analysis and research, plus Git, Unix/Linux, Bash, etc.
- Communication: Strong communication skills and the ability to work effectively in a team environment.
Key skills/competency
- Quantitative Trading
- Execution Strategies
- Risk Management
- Factor Modeling
- TCA Models
- Statistical Modeling
- Portfolio Analytics
- Python
- kdb+
- Equity Markets
How to Get Hired at Millennium
- Research Millennium's culture: Study their mission, values, recent news, and employee testimonials on LinkedIn and Glassdoor.
- Tailor your resume: Customize your resume to highlight experience in quantitative trading, risk management, and specific technical skills like Python or kdb+.
- Showcase quantitative expertise: Prepare to discuss your experience with factor modeling, TCA, and statistical analysis with concrete examples.
- Practice technical interviews: Be ready for coding challenges in Python/kdb+ and deep dives into quantitative finance concepts relevant to execution and risk.
- Network strategically: Connect with current Millennium employees on LinkedIn to gain insights and potentially secure referrals.
Frequently Asked Questions
Find answers to common questions about this job opportunity
01What specific quantitative skills are essential for a Quantitative Trader at Millennium's CLS group?
02How important is programming proficiency for the Quantitative Trader role at Millennium?
03What kind of trading strategies will I be involved with as a Quantitative Trader at Millennium?
04What does 'risk management' entail for a Quantitative Trader at Millennium?
05What is the typical interview process like for a Quantitative Trader position at Millennium?
06Is a background in derivatives necessary for the Quantitative Trader role at Millennium?
07What kind of collaboration can I expect in the Central Liquidity Strategies group at Millennium?
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