Apply on Employer Site

Millennium · 8 hours ago

Quantitative Researcher - Execution Services

New York, NY

Full-time

Onsite

Senior Level

$160K/yr - $250K/yr

5+ years exp

Millennium is a firm focused on optimizing trading and execution strategies through their Central Liquidity Strategies business. They are seeking a Quantitative Researcher to design and develop models for alpha generation, collaborate with team members, and ensure robust statistical performance in their market-making business.

Asset ManagementFinanceFinancial ServicesHedge Funds

H1B Sponsor Likely

Responsibilities

Modelling: Design and develop models to assist in alpha generation. Areas include:

Automated evaluation of signal performance over time and feature engineering techniques to drive improvements

Combination of multiple signals to produce a single useable alpha for different contexts and attribution of performance

Robust estimation of key metrics such as signal correlations, decay, turnover and risk

Rigorous Grounding: Given inherent complexity and high dimensionality, employ methods to avoid overfitting and poor OOS performance based on sound statistical reasoning

Collaboration: Work with team members to decide the overall direction, design, and architecture of the platform, and collaborate with key stakeholders across the business

Qualification

Quantitative FinanceAlpha Models DevelopmentStatistical MethodsPythonKDBFeature EngineeringCollaboration

Required

5+ years of experience in Quantitative Finance setting, with a proven track record of developing robust alpha models, preferably in an Equities context

PhD or Master's degree in Statistics, or a related field with an excellent understanding of the theory behind statistical and machine learning methods

Proficiency in Python and/or KDB, preferably both

Benefits

Discretionary performance bonus

Comprehensive benefits package

Company

Millennium

Glassdoor3.7

Millennium is a global, diversified alternative investment firm, founded in 1989, which manages $83.5 billion in assets.

Founded in 1989

New York, New York, USA

5001-10000 employees

https://www.mlp.com

H1B Sponsorship

Millennium 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 (264)

2024 (146)

2023 (156)

2022 (146)

2021 (73)

2020 (86)