Quantitative Researcher

Millennium•New York, NY

5d•$160,000 - $250,000

About The Position

Millennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors. Our people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact. Meet the Team Millennium’s Performance Research team supports the Office of the CIO by identifying and analyzing performance drivers associated with Millennium’s portfolios at both the firm-wide and Portfolio Manager levels. Within this environment, the team develops and applies performance analytics, quantitative models, and portfolio tools that help Portfolio Managers and senior management improve risk-reward across the platform.

Requirements

Degree in a technical or quantitative field; Master’s or Ph.D. preferred
5+ years of experience in a quantitative research role within a financial organization preferred
Prior experience in alpha research, portfolio construction, hedging applications, and risk modeling preferred
Intellectual curiosity, sound judgment, and the ability to work independently on open-ended research questions
Strong programming skills, including experience with Python and SQL
Strong written and verbal communication skills, with the ability to communicate effectively with senior managers across the organization

Nice To Haves

Experience with AI tools, including AI-assisted coding, agentic workflows, and LLM use for research and recurring analytical work is a plus

Responsibilities

Research and develop quantitative frameworks to identify and measure the drivers of portfolio performance and risk, and to inform improvements in risk-adjusted returns at the Portfolio Manager and firm levels
Explore new datasets and quantitative models from internal and external sources to continuously enhance the team’s analytical capabilities
Conduct tactical quantitative research in response to a range of questions from senior management
Partner with technology to streamline the transition of quantitative models and tools into production environments
Collaborate with portfolio, risk, and business managers to support the accurate application of quantitative models and tools in day-to-day workflows
Prepare presentations and reports for senior management to communicate research findings, new models, and portfolio insights clearly and effectively