Quantitative Researcher, Equity MF- Factor

Squarepoint Services US LLC seeks a full-time Quantitative Researcher – Equity MF-Factor for its New York, NY location.

Duties: On behalf of an investment management organization, formulate and apply mathematical modeling and other optimization methods to develop and interpret information that assists management with financial decision making, investment formulation, and managerial functions. Collect and analyze financial data and develop decision support software, services, and products. Formulate mathematical and simulation models of investment strategies, relating constants and variables, restrictions, alternatives, conflicting objectives, and their numerical parameters for the enhancement of trading through computerized algorithms, as well as implementation of the models using programming language. Utilize Python/KDB analysis tools to track the market history of equity products to evaluate future profit potentials and risk margins. Produce and implement sophisticated analyses and quantitative trading strategies to be used within the company. Analyze trading performance and implement changes to improve trading processes. Develop expertise in building and utilizing transaction cost models and study how to improve execution efficiency. Set up required trading components and coordinate with other teams within the firm in order to launch new strategies.

Requirements: Minimum of Master’s degree, or foreign equivalent, in any Science, Technology, Engineering, and/or Mathematics (STEM) field of study and at least two (2) years of experience as a Quantitative Researcher, Investment Process Associate, or a related occupation for a financial services/investment management/investment banking organization. Must have at least two (2) years of employment experience with each of the following required skills: (1) Building and solving financial optimization problems using Mosek to determine investment strategies and create optimal portfolios; (2) Building, improving and evaluating trading cost model used to decide strategy size using regression analysis, price impact, slippage, and implementation shortfall models; (3) Conducting research projects on large scale datasets and using descriptive statistics, correlation analysis and regression analysis to interpret results; (4) Understanding financial markets, return, volatility, volume, participation rate, slippage, price impact decay, transaction cost and alpha realization; (5) Adding new features and enhancing software using knowledge of object oriented programming language Python and GIT collaboration tools.

Salary / Rate Minimum/yr: : $170,000

Salary / Rate Maximum/yr : $185,000

The minimum and maximum salary/rate information above include only base salary or base hourly rate. It does not include any other type of compensation or benefits that may be available.

Squarepoint is an EEO/AA employer.