Old Mission · 3 months ago
Quantitative Researcher (Fixed Income)
Chicago, IL
Full-time
Onsite
Mid Level
$175K/yr - $250K/yrOld Mission is a global proprietary trading firm that leverages technology and research to execute profitable trading strategies. They are seeking a Quantitative Researcher to join their Fixed Income operation, focusing on trading fixed income assets and enhancing risk and pricing models.
Financial ServicesSoftware
Responsibilities
Perform exploratory data analysis on various market datasets, including bond data, exchange quote data, and third-party pricing data, generate trading signals and evaluate how they might be applied
Research and develop quantitative models to forecast bonds and commodities’ various metrics, including price, bid-ask spread, liquidity, etc, prototype predictive models, and perform regressions and other machine learning analysis to validate, backtest, and improve quantitative models
Contribute to the development and continuous assessment of trade execution
Qualification
Required
Qualified candidates will have an advanced degree in a quantitative field (preferably a Ph.D. in engineering, statistics, mathematics or a hard science)
Candidates need to have exceptionally high mathematical and programming skills (must be proficient in Python, VBA, or R)
Strong quantitative, analytical, research-oriented and problem-solving skills
Superior communication, both written and verbal, and has the ability to handle multiple tasks in a time-sensitive, fast-paced, collaborative, collegial environment
Successful candidates will have a passion for the financial markets and will have an entrepreneurial mindset as the team is growing and this individual will be a value-added contributor who will have an immediate impact
Demonstrated experience in US corporate bonds is required
Qualified candidates will have previous experience in TCA, execution quality assessment, and execution algorithms with a focus on US Credit
Preferred
Must have experience with credit pricing, credit curve models, and RFQ-based trading is desirable
Must have experience with Bayesian filtering/Hidden Markov Models is desirable
Intra-day credit curve modeling is a plus
Benefits
Fully paid Medical, Dental, Vision, Disability, and LIfe Insurance
Fully stocked kitchen; free breakfast and lunch every day on-site
Tuition Reimbursement Program
401(k) with employer match
Paid Vacation, Sick, and Parental leaves
Commuter and Flexible Spending Program
Company
Old Mission
Old Mission is a global, multi-asset market maker.
Founded in 2008
201-500 employees
H1B Sponsorship
Old Mission has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (3)
2024 (7)
2023 (5)
2022 (5)
2021 (4)
Funding
Current Stage
Growth StageLeadership Team
Bryan Russina
CTO at Old Mission
Erica Marquez Avitia
Chief Operating Officer
Company data provided by crunchbase