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Millennium · 3 days ago

Senior Quantitative Lead - Trading Algorithms

New York, NY

Full-time

Onsite

Senior Level, Lead/Staff

$160K/yr - $250K/yr

10+ years exp

Millennium is a firm that manages portfolios and products to optimize trading and execution approaches. They are seeking a highly driven Senior Quantitative Developer to build an internal algorithmic trading platform, requiring technical expertise and leadership skills.

Asset ManagementFinanceFinancial ServicesHedge Funds

H1B Sponsor Likely

Responsibilities

Developing custom trading algorithms with the goal tailored execution outcomes that implement our portfolio optimization approach

Developing a framework that both relies on internal signals as well as facilitates its use by broader set of teams with their own signals, either independently or collaboratively

Develop a framework of simulators that use market data and trade history (or models) to evaluate the efficacy of algorithmic logic changes

Partner with quantitative research analysts to productionize market microstructure and short-term signal models

Develop execution analysis reporting with appropriate benchmarks to evaluate the performance of custom algorithms

Develop intraday and post-trade monitoring tools to monitor and troubleshoot algorithm performance

Qualification

Algorithm DevelopmentMarket Microstructure ExpertiseC++ ProgrammingJava ProgrammingTrade & Market DataLeadershipAnalytical SkillsCommunicationProblem-SolvingTeam Player

Required

10+ years of relevant experience in the trading and finance industry

Domain expert in the market microstructure of cash equities

Significant hands-on development experience in event-driven, real-time trading processes

If using Java, must demonstrate techniques that maximize runtime performance

Proficiency with techniques that cover at best-in-class software-based latency

Reasonable amount of experience with understanding and coding trade and market data

Experience as a hands-on development lead, mentoring and guiding junior developers

Bachelor's or Master's degree in CS, Electrical & Electronic Eng, Biochem, applied math or statistics

Strong programming skills in C++ or Java, with a focus on event-driven real-time trading processes

Excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights

Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders

Proven ability to solve complex problems and think critically in high-pressure situations

Ability to work effectively in a team-oriented environment, collaborating with cross-functional teams

Preferred

Knowledge of liquid futures market structure is a bonus

Proficiency in C++ is preferred

Experience with FPGA a plus but not required

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)

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Trends of Total Sponsorships

2025 (264)

2024 (146)

2023 (156)

2022 (146)

2021 (73)

2020 (86)