Open Position: Lead Quantitative Developer
Lead Quantitative Developer
New York Office (The Millburn Corporation)
Reports to Director of Research
Millburn Ridgefield Corporation (“Millburn”) is one of the world’s most experienced quantitative managers, with more than 47 years of experience leveraging data and technology to solve problems in financial markets. Today, Millburn manages more than USD 6 billion for a range of institutional and other investors. The firm’s strategies rely almost entirely on a proprietary statistical learning platform that was developed in 2011 and has been fully implemented in client portfolios since mid-2013. The Millburn Corporation, an affiliate of Millburn, provides Millburn with research, trading, tax, accounting and other capabilities.
Millburn seeks a lead quantitative developer candidate for our research team with a focus on improving our systematic research and investment platform.
Millburn's Research team is responsible for the research and development of quantitative strategies and portfolio management across major asset classes (Futures, FX, and ETF markets). Millburn’s strategies trade both long and short, seeking superior risk-adjusted returns with minimal correlation to traditional long-only indices. Members of the research team come from diverse quantitative backgrounds.
The Research team favors an open, academic environment, encouraging idea generation and collaboration, while benefiting from close peer review and constructive criticism. The team is focused on a constant, iterative process of improving portfolio construction and risk- adjusted returns for each investment we trade.
Nature and Scope of Responsibilities:
- Manage the research and investment platform used for trading strategies, portfolio optimization, and cost modeling
- Research and integrate new statistical machine learning tools into our research platform
- Benchmark and design improvements to the platform to incorporate new alpha strategies
- Attend research meetings to present new ideas and provide feedback and suggestions to other team members
Qualifications / Requirements:
- An advanced degree with a strong background in statistics and mathematics
- At least three years of experience with a statistical language (R is preferred) in a production or academic environment
- A strong understanding of functional programming
- Experience or an interest in working with large sets of financial data is preferred
- The ability to write clear documentation and unit tests
What We Offer:
This is an exciting opportunity to help grow an established firm. We offer a culture of independent thinking, while providing many opportunities for learning and career growth. We also offer a highly competitive salary and bonus with outstanding benefits including Medical Coverage, Flexible Savings Account, Health Savings Accounts, Employee Assistance Program, Life Insurance, Disability Coverage and a 401(k) plan.
To apply, please send your cover letter and resume to:
Elaine Magalona - HR Manager
The Millburn Corporation
1270 Avenue of the Americas 11th Floor
New York, NY 10020
Note: This position outline reflects the general responsibilities and level of work being performed by employees in this position. It is not intended to be an exhaustive list of all duties, responsibilities and qualifications of employees assigned to this position. Nothing in this position outline restricts management’s rights to assign or reassign duties and responsibilities to this job at any time.
The Millburn Corporation provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. The Millburn Corporation complies with applicable state and local laws governing non‐discrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including, but not limited to, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.