Quantitative Advisory Services Associate

Full Time
Main Location
New York City, NY, United States
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Quantitative Advisory Services Associate

The successful candidate will be responsible for supporting the Global Head of Quantitative Strategies and the Head of Quantitative Advisory Services in driving business priorities for the Quant business. The Quant Advisory Services Associate will be responsible for developing and maintaining key internal relationships with the Quantitative Portfolio Managers and internal Core Infrastructure departments, including Risk, in order to research and drive key initiatives/projects to help grow and evolve the Quantitative business. 

Principal Responsibilities

  • Develop and maintain relationships with the Quantitative Portfolio Managers (approx. 32 globally)
  • Develop expertise in firm tools and resources to drive usage by investment professionals and build better communication loop with Core teams within Millennium
    • Conduct deep quantitative analysis, primarily through factor research/thematic research, to generate solutions for and drive initiatives with an alpha impact for the Quantitative business
    • Build and maintain an inventory of capabilities and services for the Quantitative business; assess gaps and work to improve offering and capabilities 
    • Work with Technology and other Core departments to develop/enhance tools and analytics for the benefit of PMs/Analysts
  • Fit into the active culture of Millennium, judged by the ability to deliver real world solutions to portfolio managers
  • Partner with groups throughout the firm to align objectives, collaborate on ideas, and drive improvements

Preferred Technical Skills

  • Master's degree in Financial Engineering, or related field with a strong understanding of econometrics and applied statistics
  • Strong programming skills (Python, SQL)

Preferred Experience

  • A minimum of 3 years of experience working in a quantitative/systematic trading environment, an equity background is preferred though all asset classes are highly relevant
  • Experience with sophisticated risk modeling, implementation, and factor modeling is preferred
  • Experience at a financial institution in a front office environment with experience working closely with Portfolio Managers & Systematic Traders is highly relevant

Highly Valued Relevant Qualifications

  • Excellent analytical/conceptual problem-solving skills with ability to leverage quantitative and qualitative approaches to develop actionable recommendations
  • Strong market intuition and understanding of factors/themes that drive managerial performance
  • Strong project management and organizational skills with demonstrated success building collaborative working relationships
  • Strong work ethic (takes ownership), self-starter and quick-study mentality
  • Ability to work independently in an unstructured environment
  • Able to prioritize and act in a fast paced, high pressure, dynamic environment
  • Team oriented, ability to work in a collaborative manner and anticipate/communicate potential issues & solutions
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Quantitative Advisory Services Associate
Millennium Management