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Quantitative Analyst

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DriveWealth

2mo ago

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance
  • New York

AI generated summary

  • You need a Master's in Financial Mathematics, Applied Mathematics, or Statistics, plus skills in Algorithmic Trading, Regression Analysis, Machine Learning, Python, and market microstructure.
  • You will develop and optimize trading strategies, analyze market data for patterns, and manage quantitative projects from research to implementation using advanced statistical techniques and programming.

Requirements

  • Must have a Master’s Degree in Financial Mathematics, Applied Mathematics, or Statistics
  • Skills and knowledge of Algorithmic Trading, Regression Analysis, Bayesian Statistical Inference and Machine Learning, Quantitative Trading Strategy, Object-oriented Design/Python, Mathematical Market Microstructure.

Responsibilities

  • Research and develop financial quantitative analysis techniques to optimize instruments for securities/equities trading by applying knowledge in algorithmic trading, regression analysis, asset pricing, and Bayesian Statistical Inference and Machine Learning
  • Process and analyze stock market quote and execution data to identify trading patterns using regression analysis, Bootstrap Aggregating, factor analysis, and Mathematical Market Microstructure
  • Develop new quantitative trading strategies and optimize trading parameters to improve Pnl risk-reward, trade volume, trade execution algorithms, trade sizing algorithms, volatility modeling, and risk management using Object-oriented Design/Python programming
  • Analyze securities trading order flow data to identify order characteristics with slow spread decay using data mining, statistical analysis, and data visualization; Manage quantitative trading projects through a full lifecycle, from initial research to final production quality implementation.

FAQs

What is the educational requirement for the Quantitative Analyst position?

The position requires a Master’s Degree in Financial Mathematics, Applied Mathematics, or Statistics.

What specific skills are needed for the role?

Candidates must possess skills in Algorithmic Trading, Regression Analysis, Bayesian Statistical Inference, Machine Learning, Quantitative Trading Strategy, Object-oriented Design, and Python, as well as knowledge of Mathematical Market Microstructure.

What is the salary range for this position?

The pay range for the Quantitative Analyst role is between $125,000 and $127,000 USD.

Are there any benefits offered to employees?

Yes, the benefits include competitive medical, dental, and vision insurance, mental health and family planning services, unlimited paid time off, paid parental leave, pre-tax commuter benefits, and various perks for personal development and wellness.

What is the work environment like at DriveWealth?

DriveWealth offers a hybrid work experience that allows for flexibility, combining the pace of a tech start-up with the stability of a financial institution.

Is previous experience necessary for this role?

While the job description does not specify required years of experience, candidates are expected to have relevant technical qualifications as assessed throughout the interview process.

What types of projects will the Quantitative Analyst be involved in?

The role includes managing quantitative trading projects through the full lifecycle, from initial research to final production quality implementation, along with developing trading strategies and optimizing parameters.

How can I apply for this position?

Interested candidates should send their resumes with the code YUF002 to HR at Drivewealth Technologies, LLC., located at 28 Liberty Street, Floor 50, New York, NY 10005.

Will the company provide reasonable accommodations for individuals with disabilities?

Yes, DriveWealth will ensure that individuals with disabilities are provided reasonable accommodations to participate in the job application or interview process and to perform essential job functions.

Is there a daily work schedule for in-office employees?

The cadence for in-office attendance is set by the Hiring Manager/Team, allowing for some flexibility within the hybrid work structure.

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DriveWealth

Finance
Industry
51-200
Employees
2012
Founded Year

Mission & Purpose

DriveWealth is the pioneer of fractional equities trading and embedded investing. We are a visionary technology company that empowers more than 100 partners around the world to engage their customers by placing the markets in the palm of their hand. We believe the future is fractional, transactional and mobile. Every mobile device should be a gateway to accessing investing and savings products, services, advice, and assistance for global citizens of all ages, wealth stages, and levels of financial expertise. DriveWealth’s unparalleled consultative support and cloud-based, industrial strength technology platform allow partners to seamlessly offer branded investing experiences to drive customer acquisition, loyalty, retention, and revenue growth. DriveWealth’s commitment to continuous evolution and innovation makes it the partner of choice for powering the future of investing.