What are the responsibilities and job description for the Head of Execution Team (USA) position at Trexquant Investment?
We are looking for a Head of Execution Team to lead and grow the Execution Team at Trexquant. In this role, you will be responsible for overseeing Trexquant’s daily executions, establishing processes to identify execution improvement on core strategies, and implementing expansion in trading styles and holding periods for new strategies and asset classes. Your work will significantly influence our profitability and strengthen our competitive edge.
Responsibilities
- Oversee and enhance seamless daily execution of $1bn notional across 5k equities, global futures, and an expanding list of asset classes
- Develop tools to continuously analyze execution data across various trading instruments
- Manage and update market impact models across all our traded asset classes
- Design Trading experiments and present results in order to collaborate with senior research team members
- Implement execution strategies to further improve transaction costs and fill rates
- Work with our Operations team to ensure best execution services provided by brokers
- Develop and implement processes for control, trade support, redundancy and automated prosecution of the trade lifecycle
- Deepen firm execution capabilities through broker relationships, assessments, onboarding, commission management, and trade cost analysis
- Build and lead a team of quantitative execution professionals capable of fine-tuning existing trading flow as well as expansion into new holding periods, countries and asset classes
- Bachelor's, Master’s, or Ph.D. degrees in Mathematics, Statistical Modeling, Computer Science or other related STEM fields
- 5 years of experience working in an electronic execution role within quantitative trading company
- Experience managing a team of quant researchers and execution specialists
- Strong quantitative skills, detail oriented, and proficiency in Python programming
- Competitive salary, plus bonus based on individual and company performance
- Collaborative, casual, and friendly work environment while solving the hardest problems in the financial markets
- PPO Health, dental and vision insurance premiums fully covered for you and your dependents
