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Quantitative Research Intern - New York

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Point72

Sep 26, 2023

Applications are closed

  • Internship
    Full-time
    Off-cycle Internship
  • Research & Development
    Banking & Finance
  • $120K - $180K
  • New York

Requirements

  • Masters or PhD candidates in finance, computer science, mathematics, operations research, physics, or other quantitative discipline
  • Strong analytical and quantitative skills. Detail-oriented
  • Proficient in Python, R, or C++
  • Excellent written and verbal communication skills, willing to proactively engage other team members in helping to foster a highly collaborative team-oriented research environment
  • Demonstrated interest in financial markets and systematic strategies
  • Willing to take ownership of his/her work, working both independently and within a small team

Responsibilities

  • Analyze large data sets to identify features and relationships to develop predictive return signals
  • Research and develop alternative portfolio construction methods and tools that can enhance portfolio returns
  • Develop performance and attribution analytics that explain sources of risks and returns in managed portfolios
  • Evaluate alpha decay characteristics and their impact on optimal execution strategies
  • Contribute to the development of robust and efficient research and production platforms

FAQs

What is the primary focus of the internal alpha capture (IAC) team?

The primary focus of the IAC team is to develop and implement scalable long/short equity investment strategies that leverage insights from discretionary portfolio managers and analysts while utilizing sophisticated risk management, portfolio construction, and execution techniques.

What type of investment strategies will I be involved in as a Quantitative Research Intern?

As a Quantitative Research Intern, you will be involved in developing and implementing long/short equity investment strategies.

What skills or experiences are important for this internship role?

Important skills for this internship include quantitative analysis, familiarity with financial modeling, proficiency in programming (such as Python or R), and a solid understanding of financial markets and investment strategies.

Will I be working independently or as part of a team?

You will primarily be working as part of a team, collaborating with discretionary portfolio managers and analysts to enhance investment strategies.

What does the internship involve regarding risk management and portfolio construction?

The internship will involve learning to apply sophisticated risk management techniques and portfolio construction methods to optimize investment strategies and improve performance outcomes.

Is prior experience in finance or quantitative research required for this role?

While prior experience in finance or quantitative research may be beneficial, it is not explicitly required. A strong academic background and a willingness to learn will also be valuable.

What tools and technologies should I be familiar with to succeed in this internship?

Proficiency in programming languages such as Python or R, knowledge of statistical analysis tools, and familiarity with financial databases or software will be helpful for this internship.

What opportunities for learning and development can I expect from this internship?

As an intern, you can expect to gain hands-on experience in quantitative research, exposure to real-world investment strategies, and mentorship from experienced professionals in the field.

What type of projects can I expect to work on during the internship?

You can expect to work on projects related to the analysis of equity investment strategies, development of algorithms for risk management, and exploring new methods for portfolio construction.

What location is this internship based in?

This internship is based in New York.

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Point72

Finance
Industry
1001-5000
Employees
2014
Founded Year

Mission & Purpose

Point72 Asset Management is a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide. Resting on more than a quarter-century of investing experience, we seek to be the industry’s premier asset manager through delivering superior risk-adjusted returns, adhering to the highest ethical standards, and offering the greatest opportunities to the industry’s brightest talent. We’re inventing the future of finance by revolutionizing how we develop our people and how we use data to shape our thinking.