Quant Trader - Index Rebalance

Description:

Old Mission Capital, a global quantitative proprietary trading firm, is hiring a Quantitative Trader to work in our New York City office.  The Quantitative Trader will be responsible for developing and implementing systematic strategies around Index Rebalancing events.

Position Overview:

We are seeking a highly skilled Quantitative Trader to join our Stat-Arb Desk, where you will be responsible for developing and executing trading strategies centered around scheduled and ad-hoc index rebalancing events. The ideal candidate will have a strong background in quantitative finance, statistical analysis, and programming, with a keen interest in leveraging data-driven insights to drive trading decisions.

Responsibilities:

• Predictive Modeling: Utilize quantitative techniques and statistical analysis to develop predictive models for index rebalancing events. This includes analyzing historical data, identifying patterns, and building algorithms to forecast changes in index components.
• Strategy Development: Design and implement trading strategies tailored to exploit opportunities arising from scheduled and ad-hoc rebalancing events. Develop systematic approaches to capture alpha and manage risk effectively.
• Market Research: Stay abreast of market changes impacting index constituents and rebalancing methodologies. Conduct in-depth research to understand the dynamics of various indices and their underlying components.
• Algorithmic Trading: Implement algorithmic trading systems to execute trading strategies in an efficient and automated manner. Optimize execution algorithms to minimize market impact and slippage.
• Risk Management: Monitor and manage risk exposure associated with trading activities. Implement risk controls and mitigation strategies to safeguard the firm's capital and optimize portfolio performance.
• Collaboration: Work closely with other members of the trading desk to refine trading strategies, enhance analytical tools, and improve overall trading performance.

Qualifications:

• Bachelor’s degree or foreign equivalent degree in a quantitative discipline such as Mathematics, Statistics, Physics, Economics, Computer Science, or Engineering. Advanced Degrees preferred.
• Experience working on Index rebalance strategies – focusing on scheduled and corporate action driven trades. Strong preference for candidates with relevant experience with a Program Trading Desk, Proprietary Trading firm or Hedge fund setup.
• Proficiency in programming languages such as Python, R, or C++ for data analysis, model development, and algorithmic trading.
• Strong understanding of financial markets, index methodologies, and trading dynamics.
• Excellent analytical skills with a meticulous attention to detail.
• Ability to thrive in a fast-paced, dynamic trading environment and make informed decisions under pressure.
• Effective communication skills and the ability to collaborate effectively.

Benefits:

• Competitive salary with discretionary bonus 
• Fully paid for Medical, Dental, Vision, Disability and Life Insurance  
• Fully stocked kitchen; free breakfast and lunch every day
• Tuition reimbursement program
• Friendly, informal team environment

NY Transparency Law:

Annual Base Salary Range for qualified candidates would be between $150,000 - 225,000.