Execution Researcher

The Role:

The Quantitative Execution team is seeking an Execution Researcher to further refine WorldQuant's execution capabilities across a variety of cash and derivative products.  You will be a senior individual contributor working on a collaborative team with a remit to:

• Develop methodology to compare broker algo trading performance, providing dynamic and homogeneous flow allocation
• Maintain global broker relationships
• Provide recommendations for improving trading algorithm performance and reducing execution costs globally
• Evaluate new technologies for research and trading environments and ways to work efficiently with massive amounts data
• Formulate and test hypotheses, design tests, and interpret results
• Provide Portfolio Managers with execution consulting services
• Develop and maintain quantitative models and software solutions to measure and/or forecast price impact, intraday alpha, reversion, etc., in order to design an optimal execution schedule
• Develop shared tools and libraries to facilitate both research and live trading
• Automate research and trading processes

What You’ll Bring:

• Minimum 5 years relevant industry experience with expertise in global equity market microstructure, transaction cost analysis (TCA), trading system design
• Superior Python programming skills
• Strong knowledge of statistics and optimization
• Demonstrated ability to work on quantitative research projects both independently and as part of a team
• Attention to detail, critical thinking, and problem solving abilities
• Knowledge of visualization techniques, GUI development is a plus

Our Benefits:

• Core Benefits: Fully paid medical and dental insurance for employees and dependents, flexible spending account, 401(k), fully paid parental leave, generous PTO with unlimited sick days
• Perks: Employee discounts for gym memberships, wellness activities, healthy snacks, casual dress code
• Training: learning and development courses, speakers, team-building off-site
• Employee resource groups

WorldQuant is a total compensation organization where you will be eligible for a base salary, discretionary performance bonus, and benefits. The estimated salary range for this position is $150,000 to $200,000 which is specific to New York and may change in the future. When finalizing an offer we will take into consideration an individual’s experience compensation organization where you will be eligible for a base salary, discretionary performance level and the qualifications they bring to the role to formulate a competitive total compensation package.