High Frequency Statistical Arbitrage Trading Position-US Investment Bank

My client is one of the world's largest investment banks and their high frequency statistical arbitrage team are seeking a junior trader with a view for the role to grow into a fully independent portfolio manager in the coming years. The group are trading high frequency strategies across all asset classes on liquid underlyings both on a market making and proprietary basis. The strategies have been highly successful over the past few years and have generated significant returns. They are also currently investing heavily into improving the automated trading systems which they believe will help them gain further edge in the market by hiring some of the most talented quants and developers in the market. However, they are keen to continue developing new strategies hence the need for a Junior trader who will eventually bring new ideas and strategies to the team.  The role will involve assisting senior traders to oversee the automated market making process and electronic order facilitation strategies. You will generate ideas, perform research, back-test and implement new trading strategies which can be assimilated into the automated trading platform. In addition you will spend significant time performing further research, performance and attribution analysis on existing strategies with a view to adding some extra basis points to the performance of these strategies.  The ideal candidate will have between 1-3 years experience ideally as a quantitative trader but if not experience in a quant or a quantitative programmer role will also be considered. Your academic achievements will include a PhD in a quantitative discipline from a top tier academic institution (IVY league, Oxbridge, IIT etc). Mathematics or Theoretical Physics are preferable but Computer Science will also be considered as long as there was a significant mathematical element to your research. You should have strong skills in statistical techniques and also be able to use the main statistical packages such as R/S-Plus, and MATLAB. Strong Perl and UNIX skills is an absolute must for my client. If you have some coding experience in C++ this will be considered highly advantageous. Also certificates in Series 7, 63, 55 and 3 will also be looked upon favourably but not essential. If you have experience developing and trading your own strategies you will be given preference for this position. For the appropriate candidate this is a wonderful opportunity to work in a large bank in a world class team and an opportunity where your career can fast track and explode to new heights. The trading volume that this group execute due to the heavy flows coming from the bank's various activities will ensure that a successful strategy will return massive PnL and you will be eligible for a discretionary bonus which will be a function of the team's and your own PnL. Please send a Word CV to Tina Kaul at quants@ekafinance.com Additional Information Location: US-NY-NYC Status: Full Time, Employee Career Level: Experienced (Non-Manager) Reference Code: Q70408 Job Category: Accounting/Finance Salary/Wage: Negotiable Depending upon Experience. Relevant Work Experience: 1+ to 2 Years Education Level: Doctorate Contact: Tina Kaul eka finance Apply by Email Phone:+442077910468 View all "eka finance" jobs