What are the responsibilities and job description for the Head of Quant Trading (Relocate to Dubai, UAE) position at Boundless?
Overview
As the Head of Quant Trading, you will lead the development, optimization, and deployment of state-of-the-art algorithmic trading strategies and quantitative models. This role demands deep technical expertise in data science, machine learning, advanced statistical methods, and software engineering, combined with a strong understanding of financial markets and trading dynamics.
Key Responsibilities
- Quantitative Strategy Development & Research:
- Algorithm Design: Lead the design, development, and refinement of proprietary trading algorithms using advanced statistical and machine learning techniques.
- Modeling & Simulation: Develop quantitative models for forecasting, signal generation, and risk management. Oversee rigorous backtesting and simulation processes to validate models against historical data.
- Data Analysis: Utilize big data analytics and advanced statistical methods to extract actionable insights from large, diverse datasets (e.g., market microstructure, alternative data sources).
- Innovation: Stay at the forefront of quantitative finance research and adopt emerging techniques (e.g., deep learning, reinforcement learning) to enhance trading strategies.
- Technical Infrastructure & Implementation:
- System Architecture: Collaborate with IT and engineering teams to design and optimize high-frequency, low-latency trading systems. Ensure robust, scalable infrastructure for real-time data processing and trade execution.
- Software Development: Oversee the development and maintenance of trading systems and tools. Utilize programming languages such as Python, C , Java, or MATLAB to implement trading algorithms and performance monitoring systems.
- Automation & Integration: Implement automated pipelines for data ingestion, processing, model training, and strategy deployment. Ensure seamless integration with execution platforms and market data feeds.
- Technology Stack Management: Evaluate, select, and integrate advanced analytics platforms, databases, and cloud solutions to support research and trading activities.
- Performance Analysis & Risk Management:
- Metrics & Analytics: Develop and maintain robust performance metrics to assess algorithm efficiency, trade execution quality, and risk-adjusted returns. Use real-time analytics to monitor strategy performance and market conditions.
- Risk Controls: Collaborate with risk management teams to integrate sophisticated risk models and dynamic hedging strategies. Ensure that all trading algorithms adhere to predefined risk limits and compliance standards.
- Optimization: Continuously refine and optimize models based on performance analytics, market feedback, and evolving conditions. Conduct sensitivity analysis and scenario testing to anticipate and mitigate potential risks.
- Collaboration & Technical Leadership:
- Team Mentorship: Lead and mentor a multidisciplinary team of quantitative researchers, data scientists, and software developers. Provide technical guidance and foster a culture of innovation and rigorous analysis.
- Cross-Functional Integration: Work closely with other departments (e.g., risk, IT, operations) to ensure alignment of technical strategies with broader business objectives.
- Documentation & Code Quality: Ensure high standards in code quality, documentation, and software engineering practices across the quant team. Promote best practices in model development and deployment.
Qualifications & Experience
- Educational Background:
- Bachelor's or Master’s degree in Quantitative Finance, Mathematics, Statistics, Computer Science, Engineering, or a related technical discipline.
- Professional Experience:
- Extensive experience (typically 8 years) in quantitative trading, algorithmic trading, or a similar technical role within financial institutions, hedge funds, or proprietary trading firms.
- Proven track record of developing and deploying successful algorithmic trading systems.
- Technical Expertise:
- Programming: Advanced proficiency in one or more programming languages (e.g., Python, C , Java, MATLAB). Experience with software development methodologies and version control systems.
- Data Science & Machine Learning: Expertise in statistical modeling, data mining, and machine learning techniques. Familiarity with libraries and frameworks such as TensorFlow, PyTorch, scikit-learn, or similar.
- Systems & Infrastructure: In-depth knowledge of high-performance computing, real-time data processing, and low-latency system design. Experience with cloud-based architectures and distributed computing is a plus.
- Financial Markets: Solid understanding of financial instruments, market microstructure, and the dynamics of electronic trading.
- Analytical & Problem-Solving Skills:
- Ability to translate complex market data and research insights into actionable trading strategies.
- Strong quantitative and analytical skills, with a keen eye for detail in model validation and performance optimization.