Hedge Quants - Quantitative Researcher - IIT/IIM/BITS

Job Description:

- A Quantitative Researcher, draws upon his/her computer science, mathematical, and analytical abilities to develop complex mathematical trading models. Developing trading systems involves a tremendous amount of data crunching and analysis combined with extremely efficient coding skills.

- Developing trading strategies involves extensive ideation, backtesting on historical data, optimization of parameters, simulation of strategy on live data, parameter stability analysis and live execution of the optimized trading strategy.

- A Quant Researcher will be involved in developing quantitative trading strategies spanning across different asset classes (forex, equities, rates, commodity futures) and financial markets (Europe, US)

- A Quant Researcher will acquire all the necessary skillsets and initial insights into the field of Quant Trading in an extensive training programme

- This job would involve interaction with the Quant team at HQ, which would involve a lot of intellectually simulating discussions and brainstorming of ideas on a regular basis

- The different steps involved in the lifecycle of developing a quantitative trading strategy are:

a) Strategy Ideation

b) Backtesting on historical data

c) Optimization of parameters

d) Parameter stability testing

e) Forward test and simulation of strategy on live data

f) Live execution of the optimized trading strategy

- The Quant Researcher's variable bonus component would be tied to performance

Desired Skills :

- Ability to think and analyze situations logically and learn new concepts quickly

- Strong quantitative skills

- Exceptional analytical and problem solving skills

- Excellent coding skills (JAVA/C/C++)

- A genuine interest in financial markets

- Good communication skills: Comfortable with explaining complicated models to a wide audience

- A team player. Ability to brainstorm and enhance the learning experience

- Doesn't give up, has patience to get it right, never makes the same mistake twice

Salary Range: 36-40 LPA (Singapore), 12-15 LPA (Kolkata)

Bonus Component: Exceptionally high bonus component based on profit sharing