What are the responsibilities and job description for the QUANTITATIVE ANALYST position at Magnetar Capital?
Magnetar Capital, LLC seeks a Quantitative Analyst at its facility located at 1603 Orrington Ave, Suite 1300, Evanston, IL 60201.
Job Description: Develop investment models for a multi-strategy fund, working within a variety of markets, instruments, and strategies. Utilize empirical finance and other quantitative techniques such as factor modeling and portfolio optimization. A team player with excellent communication skills, and able to perform and excel in a fast-paced environment. Quantitative analyst for the Passive Risk Arbitrage strategy. Responsible for all empirical research, portfolio analytics and risk. Ownership of portfolio management support, client reporting and support duties. Serves as back up for the portfolio manager of the Passive Risk Arbitrage funds. Assists with daily data collection on merger deals, portfolio construction and generating trades. Telecommuting: Hybrid; 3 days in office; 2 days remote.
Requirements: This position requires a Master’s degree, or foreign equivalent, in Statistics, Quantitative Finance, Computer Science, or a related field plus 1 year of professional experience as a Quantitative Analyst, Financial Analyst, Financial Engineer, or related occupation. Additionally, the applicant must have professional experience with: 1) Performing independent quantitative and empirical research and modeling in Finance including statistical analysis, factor modeling, forecasting and stochastic analysis in a business environment; 2) Performing software development and stochastic simulation techniques; 3) Utilizing time series analyses and statistical techniques, including ARMA, ARIMA, and GARCH-type models, maximum likelihood estimation, and Monte-Carlo methods; 4) Conducting derivative pricing and hedging for equity and credit instruments; 5) Analyzing with market instruments and trading including equity, debt and structured products; 6) Utilizing quantitative risk management methods for equity portfolios including risk analysis with factor models and extreme risk forecast; and 7) Working within either a Buy or Sell Side, Event Driven or Systematic Strategies group.