Quantitative Researcher – Algorithmic Trading

NYC Hedge Fund

J Harlan Group is currently conducting a search for a Quant Researcher – Algorithmic Trading at a prominent NYC Hedge Fund.

As key member of the Equity Quantitative Research (EQR) team which is responsible for research and trading of fundamental long-short businesses, trading equities, futures, credit, and volatility products through both automated and high touch routes to execute the investment decisions of their portfolio managers. You’ll be a member of the Nexus specialized team within EQR which has a mandate to provide best in class high frequency, low latency execution services for the firm’s equity books. As the firm’s equities businesses have grown, Nexus’ mandate has also grown by volume of flow, and expanded regionally .

The firm is looking for a highly motivated Quantitative Researcher who is interested in:

• Conducting market impact research and statistical analyses to enhance and optimize execution quality
• Applying principles in statistics, econometrics, optimization, and numerical methods to research involving market microstructure in a team environment that closely integrates trading, quantitative research, and technology
• Working with large data sets on meaningful projects that directly impact global markets

Key Responsibilities

• You will design execution strategies and perform research on a variety of market microstructure topics including transaction cost modeling, market impact modeling, venue routing and order book dynamics.
• You will implement or work with quantitative developers to implement the results of your research in our high frequency execution stack, and subsequently quantify the performance benefits with appropriate metrics.

The idea candidate will have a background including:

• Bachelors, Master’s degree or PhD in a highly quantitative field with a strong academic record; strong mathematical and/or statistical modeling background
• Highly relevant experience researching portfolio construction, TCA, market impact, and trading execution strategies in equities markets
• Expertise in equities market microstructure, and familiarity with a variety of trading venues and liquidity sources
• Proficiency using select programming languages: Python, C++, KDB experience is a plus.
• Strong communication skills (ability to collaborate effectively with Developers and Traders)
• Ability to work in a fast-moving environment
  

They are looking for an individual who loves solving deep and complex investment analysis challenges and wants to have an outsized impact with the products they build and deliver; an individual with a passion for quantitative research within the investment community, high level of intellectual curiosity, a commitment to excellence and an unparalleled drive to deliver world-class service.

About the Client:

The firm is a leading alternative asset manager managing more than $62bn of assets with an outstanding track record of following a comprehensive, multi-strategy approach to investing and allocating capital dynamically to the most compelling opportunities and harvesting multiple sources of alpha.

They have a relentlessly focuses on innovation and integration: innovation in new products, markets and businesses as well as new tools, models and technology management and performance structures; integration of fundamental research, quantitative strategies and technical analysis, all supported by an intensive focus on operational excellence and comprehensive risk management.

They employ over 1400 talented professionals in locations around the globe across portfolio management, trading, credit, research, quantitative strategy, trading technology, investment management analysis and business management administration and strategy.

They seek candidates who are high-energy self-starters who want to join an investment management firm on the leading edge of the global markets. The management team needs individuals of the highest professional caliber who are leaders, problem solvers, analytic, detail-oriented, and entrepreneurial. Everyone at the firm works side-by-side with the firm’s senior partners in a highly collaborative and charged trading floor environment.

Successful candidates are:

• Analytic and relentless in pursuit of the right answer
• Strong communicators who excel at rapid synthesis
• Able to demonstrate sound business judgment
• Able to digest complexity while maintaining an understanding of the “big picture” of business needs
• Team players who are energized by a collaborative enterprise

The firm’s employees maintain the highest professional and ethical standards. The firm has earned a reputation for honesty, fair dealing, and transparency in a competitive industry. They believe that these standards are the foundation for superior investment performance and are critical to delivering performance to clients.

In accordance with New York City’s Pay Transparency Law, the base salary range for this role is $175,000 to $275,000. Base salary does not include other forms of compensation or benefits.

Posted On: Monday, April 29, 2024