Quantitative Researcher - Commodities

Millennium is a top tier global hedge fund with a strong commitment to leveraging innovations in technology and data science to solve complex problems for the business.

We are assembling a strong Quant Technology team to build our next generation in-house analytics, Trader & Risk support tools. This team will sit under the Fixed Income & Commodities Technology (FICT) group and will develop and maintain the in-house pricing libraries to support trading in Fixed Income, Commodities, Credit, and FX business at Millennium. FICT provides a dynamic and fast-paced environment with excellent growth opportunities.

Responsibilities

• Newly created role to research, build, enhance, test and maintain commodities quantitative models specialized for the needs of risk managers and portfolio managers.
• The role sits within the centralized commodities quant team, within the Technology department.
• Work closely with derivatives quants worldwide to research and develop risk analytics for our commodities business.
• The emphasis is on quantitative analysis for derivatives, including calculation and aggregation of raw risk metrics (the Greeks), risk projections, forward curve and volatility surface construction.
  
  

Requirements

• Bachelor or Master’s degree in Engineering, Applied Mathematics, Physics, Statistics or other related field
• 3-5 years of professional working experience as a quant or strat
• Strong experience in quantitative analysis for pricing/risk of commodity derivatives.
• Strong practical knowledge of US Power markets.
• Solid communications skills.
• Strong C programming skills.
• Able to work independently in a fast-paced environment.
• Detail oriented, organized, demonstrating thoroughness and strong ownership of work.
  
  

The estimated base salary range for this position is $175,000 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.