Quantitative Trader - Central Liquidity Strategies

Central Liquidity Strategies (CLS) employs a range of strategies designed to optimize the firm’s trading and execution approach by providing internal liquidity solutions for portfolio managers on both a principal (risk) and agency basis.

Principal Responsibilities

• Impactful individual contributor: Lead a wide range of projects involving the design and implementation of strategies to reduce trading costs for delta-one and factor products.
• Risk management: Monitor and manage risks within company guidelines and risk parameters, including operational, portfolio, financing, and basis risk.
• Collaboration: Partner with team members to set the overall direction, design, and architecture of the platform; collaborate with key stakeholders across the business.
  
  

Qualifications/Skills Required

• Experience: 6 years in a trading or execution role.
• Education: Bachelor’s degree in Mathematics, Physics, Finance, Economics, Econometrics, Financial Engineering, Operations Research, or similar.
• Quantitative skills: Experience with factor modeling, transaction cost analysis (TCA) models, statistical modeling, and portfolio analytics.
• Risk management: Strong operational and event risk management skills; experience managing systematic strategies; familiarity with equity markets/asset classes. Familiarity with ETFs, futures, swaps, and vanilla derivatives is a plus (and can be learned on the desk).
• Technical skills: Self-sufficient programming ability in Python and/or kdb for analysis and research, plus Git, Unix/Linux, Bash, etc.
• Communication: Strong communication skills and the ability to work effectively in a team environment.
  
  

The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. Millennium pays a total compensation package which includes a base salary, discretionary performance bonus, and a comprehensive benefits package. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.