Macro Quant Researcher recruitment
The Company:
Millennium Global (www.millenniumglobal.com) is an independent specialist currency and alternative investment management company with over USD 13 billion under management.
The Role:
As a Quantitative Researcher, contribute to the development of Millennium Global systematic strategies for currencies and other global macro asset classes. Main responsibilities will centre on the building and validating of fundamentals based systematic strategies. Key tasks will include:
- contributing ideas to further improve and extend systematic investment strategies
- identifying, proposing and testing practical enhancements and alternatives to the existing approaches
- keeping abreast of academic developments relevant to quantitative macro investment research
- reviewing and analysing existing strategies in light of the latest market environments and academic developments
- liaising and cooperating with colleagues within team and other departments
Intrinsic to the role is the developing and maintaining of proof-of-concept prototypes for implementing, testing and validating enhancements or new developments. Developed as small to medium Excel / Matlab projects, these prototypes will be used to validate model enhancements and will later serve as reference for future developments.
Skills:
In addition to strong quantitative skills (mathematics, statistics, economics and computational) that are a pre-requisite, the position also requires:
- sound understanding of macroeconomics concepts relevant to global macro investing
- proficiency in the practical application of quantitative techniques to investment (statistics, optimisation …)
- familiarity with the concepts and applications of Modern Portfolio Theory (risk-return analysis, portfolio construction…)
- the ability to specify, code and test quantitative investment models and simulations
- practical and theoretical understanding of the working of more advanced instruments (e.g. OTC and market traded futures and options for currency and indices, …)
- familiarity with the meaning and availability of market and macroeconomics data
- the ability to constructively communicate with peers and colleagues in various groups (research, client-facing, IT…)
Requirements:
The successful candidate is likely to have:
- a good initial undergraduate degree in a relevant quantitative topic and a subsequent postgraduate degree in financial economics
- some prior experience in the conception, development and running of quantitative investment models and/or familiarity with such models
- a good knowledge and ability to navigate both academic and practitioners’ quantitative investment research literature
- good experience in the coding of quantitative macro models (or similar algorithms) in Matlab (or equivalent high level languages: Scilab, R, SAS …)
- attention to detail as well as precise and accurate working practices
- strong organisational and interpersonal skills
- the ability to work with a low level of everyday supervision