Senior Quantitative Lead - Trading Algorithms

Millennium Management • New York, NY

121d • $160,000 - $250,000

About The Position

The Central Liquidity Strategies (CLS) business manages a number of portfolios and products designed to optimize the firm's trading and execution approach by providing internal liquidity solutions for portfolio managers on both a risk and agency basis. We are seeking a highly driven, results-oriented Senior Quantitative Developer to with a strong background in building trading algorithms and a deep understanding of market microstructure and execution strategies to build a greenfield internal algorithmic trading platform. This role requires a combination of technical expertise, industry knowledge, and leadership skills to develop and optimize trading algorithms tailored to the businesses' trading objectives.

Requirements

• 10+ years of relevant experience in the trading and finance industry.
• Domain expert in the market microstructure of cash equities. Knowledge of liquid futures market structure is a bonus.
• Significant hands-on development experience in event-driven, real-time trading processes.
• Proficiency in C++ is preferred. If using Java, must demonstrate techniques that maximize runtime performance; proficiency with techniques that cover at best-in-class software-based latency; experience with FPGA a plus but not required.
• Reasonable amount of experience with understanding and coding trade and market data.
• Experience as a hands-on development lead, mentoring and guiding junior developers.
• Bachelor's or Master's degree in CS, Electrical & Electronic Eng, Biochem, applied math or statistics.
• Strong programming skills in C++ or Java, with a focus on event-driven real-time trading processes.
• Excellent quantitative and analytical skills, with the ability to interpret complex data and develop actionable insights.
• Strong verbal and written communication skills, with the ability to convey technical concepts to non-technical stakeholders.
• Proven ability to solve complex problems and think critically in high-pressure situations.
• Ability to work effectively in a team-oriented environment, collaborating with cross-functional teams.

Responsibilities

• Developing custom trading algorithms with the goal tailored execution outcomes that implement our portfolio optimization approach.
• Developing a framework that both relies on internal signals as well as facilitates its use by broader set of teams with their own signals, either independently or collaboratively.
• Develop a framework of simulators that use market data and trade history (or models) to evaluate the efficacy of algorithmic logic changes.
• Partner with quantitative research analysts to productionize market microstructure and short-term signal models.
• Develop execution analysis reporting with appropriate benchmarks to evaluate the performance of custom algorithms.
• Develop intraday and post-trade monitoring tools to monitor and troubleshoot algorithm performance.

Benefits

• Base salary range of $160,000 to $250,000.
• Discretionary performance bonus.
• Comprehensive benefits package.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Real Estate
• Education Level: Bachelor's degree