Quant Researcher
About The Position
Man Group is seeking a junior quantitative researcher with a background in agency mortgage-backed securities (MBS) and CMOs. This role involves sitting with portfolio managers and senior researchers, splitting time between analytics for live trading and research into new sources of return. Junior members are expected to own their research. The team builds systematic trading strategies across securitized products and fixed-income markets, utilizing AI throughout the workflow. Responsibilities include helping senior PMs and researchers find new trading strategies, researching and onboarding new securitized markets, improving the systematic trading platform, and conducting research on trading signals, prepayment modeling, pricing, and hedging. AI tools are to be utilized to enhance research and trading efficiency.
Requirements
- A degree in a quantitative discipline — engineering, mathematics, physics, computer science or similar.
- At least a year working with agency MBS: on a buy-side desk, at a dealer, or an analytics vendor.
- Understanding of Agency MBS concepts: TBA, rolls, payup-ups, collateral attributes, prepayment behavior and drivers.
- Strong applied statistics and programming ability: the judgement to tell a real result from noise, and the discipline to write code others can read, test and build on.
- The ability to discuss and present complex ideas in an intuitive, easy to follow way
Nice To Haves
- Understanding of CMO structures (IO/PO/Floater)
- GSE program types
- Prepayment model calibration or validation
- Various spreads & durations
- Systematic back-testing and portfolio construction
Responsibilities
- Helping senior PMs & researchers finding new & profitable trading strategies & alphas
- Researching, scoping, and onboarding new securitized markets and sectors
- Improving our systematic trading platform for securitized products, following markets & research
- Doing novel research on trading signals, prepayment modeling, pricing, and hedging
- Utilizing AI tools across all above responsibilities to make research & trading more efficient & impactful
Benefits
- Competitive compensation
- Generous holiday allowance
- Flexible health and other benefits
- Investment in development through coaching, mentoring, conference attendance and sponsorship of academic and professional qualifications
- Pension/401k
- Life and long-term disability coverage
- Group sick pay
- Enhanced parental leave
- Long-service leave
- Private medical coverage (depending on location)
- Discounted gym membership options (depending on location)
- Pet insurance (depending on location)
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
