Quantitative Researcher
millennium managementNew York (NY)
$160,000 to $250,000
Apply (opens in a new tab)Quantitative Researcher
Posted 33 days ago
millennium managementNew York (NY)
SENIORITY
Senior
SALARY
$160,000 to $250,000
About the role
Quantitative Researcher About Millennium 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.
What You'll Do:
- 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
- What You BringDegree 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 SQLExperience with AI tools, including AI-assisted coding, agentic workflows, and LLM use for research and recurring analytical work is a plus
- Strong written and verbal communication skills, with the ability to communicate effectively with senior managers across the organization
- Salary Range
Millennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $160,000 to $250,000, which is specific to New York and may change in the future. When finalizing an offer, we take into consideration an individual's experience level and the qualifications they bring to the role to formulate a competitive total compensation package.
Recruiter: John Talarico
Hiring Manager: Queeny Wing Sum Cheng
Department: Risk Management
Before you apply
Applying takes about a minute. These four things decide how fast it moves after that.
Your profile is current
It's what we read first. Occupations, seniority and locations matter more than a long history.
Two examples you can talk through
Not a portfolio — just two pieces of work where you can explain the decisions and what you'd change.
A number in mind
What you're on now and what would make you move. We negotiate better when we know both.
Your notice period
Employers plan around it, and it's the question that stalls offers most often.
Once you apply, someone reads it and calls you before anything reaches the employer — usually within two working days.