Quantitative Execution Analyst

The Execution Services team is responsible for trade execution across a wide range of products and geographies, with a focus on minimizing trading costs and execution risks, as well as providing market commentary and related content. Working with our partners in the vol risk business, central trading desk and technology, we offer you a number of tools to assist in a portfolio manager’s execution process.

We are currently seeking a Quantitative Analyst who will be responsible for execution analysis of volatility products. Based in New York, the right candidate will have an in-depth understanding of financial markets, equity trading, options volatility products, paired with excellent analytical and decision-making skills, and significant risk-management experience and portfolio construction experience

Principal Responsibilities

The successful candidate will be expected to:

• Develop central options electronic trading capabilities by partnering with trading tech, trading desk, volatility business & PMs
• Create a roadmap for options central trading product, which includes partnering with business to determine prioritization and with trading technology to agree implementation
• Develop execution trading analysis capabilities
• Develop options trading data metrics & management reporting
• Act as the US options market structure expert
• Offer PM consulting on US options trading and market structure
• Design and implement a recurring process that drills into trading performance of particular PM groups, looking for and recommending possible opportunities to improve execution quality
• Design and maintenance of the analysis system
• Design and create scripts, reports, and visual tools for analysis
• Conduct research, identify patterns, evaluate trends
• Do science: formulate and test hypotheses, design tests, interpret results
• Communicate all ideas, questions, and conclusions concisely and effectively
• Contribute to regular data maintenance — monitoring and cleaning
• Develop expertise in the firm’s trading practices and industry developments
  
  

Qualifications/Skills Required

• 10 years of experience in options systematic execution/trading or options quantitative research
• 5 years of KDB and Python programming in a Quantitative Finance setting
• Highly analytical and strong problem-solving skills and attention to detail
• Strong communication skills with the ability to explain technical and sophisticated concepts clearly and concisely
• Scientific education, preferably degree(s) in mathematics or computer science
• Understanding of the basic principles of statistical inference
• Strong programming skills and experience essential
• Proficiency with basic tools (Unix, Windows, Excel) essential
• First-rate communication skills, especially written
• Strong organizational skills, attention to detail
• Ability to work independently and thoughtfully
• Familiarity with databases helpful but not required
• Familiarity with data-analysis tools — both statistical (R, etc.) and visual (Tableau etc.) helpful
• Experience with trading (markets, systems, mechanics) helpful, but not necessary
  
  

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.