StoneX

Senior Quantitative Researcher

Locations US-IL-Chicago
ID 2024-12108
Category (Portal Searching)
Sales & Trading
Position Type (Portal Searching)
Experienced Professional

Overview

Connecting clients to markets – and talent to opportunity

 

With 4,300 employees and over 400,000 retail and institutional clients from more than 80 offices spread across five continents, we’re a Fortune-100, Nasdaq-listed provider, connecting clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.

 

At StoneX, we offer you the opportunity to be part of an institutional-grade financial services network that connects companies, organizations, and investors to the global markets ecosystem. As a team member, you'll benefit from our unique blend of digital platforms, comprehensive clearing and execution services, personalized high-touch support, and deep industry expertise. Elevate your career with us and make a significant impact in the world of global finance.

Responsibilities

We are looking for a highly skilled and motivated Senior Quantitative Researcher to join our innovative trading team. The ideal candidate will have a strong foundation in quantitative analysis, statistical modeling, and financial markets. This role involves developing and refining trading strategies, leveraging our state-of-the-art HPC stack, extensive historical data, and Azure cloud environment.

 

Primary duties will include: 

  • Apply advanced statistical techniques and quantitative models to analyze and predict market behaviors.
  • Design and implement algorithms to optimize trading strategies, including execution, hedging, and market impact minimization.
  • Utilize large historical datasets to research and backtest new trading strategies and models.
  • Develop models for short-term and medium-term pricing, as well as probability and risk management in trading scenarios.
  • Work closely with trading, technology, and operations teams to integrate quantitative research into the trading infrastructure.
  • Stay current with advancements in quantitative finance, machine learning, and AI, applying this knowledge to enhance trading strategies.
  • This list of duties and responsibilities is not intended to be all-inclusive and can be expanded to include other duties or responsibilities that management deems necessary.

Qualifications

To land this role you will need:

  • Quantitative Skills:
    • Strong background in statistical modeling, time-series analysis, and probability theory.
  • Technical Proficiency:
    • Expertise in programming languages such as Python, Java, or C++.
    • Experience with machine learning frameworks and tools for quantitative analysis.
    • Familiarity with high-performance computing environments (including the cloud) and handling large datasets.
  • Problem-Solving:
    • Excellent analytical and problem-solving skills, with the ability to apply quantitative methods to real-world trading challenges.
  • Financial Knowledge:
    • Understanding of financial markets, trading strategies, and market microstructure.

What makes you stand out:  

  • Experience in algorithmic trading, market-making, or similar quantitative finance roles.
  • Knowledge of market impact modeling and hedging strategies.
  • Familiarity with reinforcement learning, LLMs, and other AI-driven techniques in finance.
  • Proven ability to translate quantitative research into actionable trading strategies.

Education / Certification Requirements: 

  • Education: Advanced degree (Master’s or Ph.D.) in Mathematics, Statistics, Financial Engineering, Computer Science, or a related field.

Working environment:

  • Hybrid

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