The Team

Man Group is one of the world's largest publicly listed alternative investment managers. The Systematic Securitized Credit team builds systematic trading strategies across securitized products and the fixed-income markets around them, researching markets, signals and portfolio construction to capture returns that are hard to reach and hard to replicate. AI is embedded throughout our workflow, from research to execution.

Role & Responsibilities

We are looking for a junior quantitative researcher with a background in agency mortgage-backed securities (MBS) and CMOs. You will sit with the portfolio managers and senior researchers who run the strategy, splitting your time roughly evenly between the analytics that inform live trading and your own research into new sources of return. Junior members here own research; they do not only support other people's.

• Helping senior PMs & researchers finding new & profitable trading strategies & alphas
• Researching, scoping, and onboarding new securitized markets and sectors
• Improving our systematic trading platform for securitized products, following markets & research
• Doing novel research on trading signals, prepayment modeling, pricing, and hedging
• Utilizing AI tools across all above responsibilities to make research & trading more efficient & impactful

Skills & Qualifications

• A degree in a quantitative discipline - engineering, mathematics, physics, computer science or similar.
• At least a year working with agency MBS: on a buy-side desk, at a dealer, or an analytics vendor.
• Understanding of Agency MBS concepts: TBA, rolls, payup-ups, collateral attributes, prepayment behavior and drivers.
• Strong applied statistics and programming ability: the judgement to tell a real result from noise, and the discipline to write code others can read, test and build on.
• The ability to discuss and present complex ideas in an intuitive, easy to follow way
• Following are plus: understanding of CMO structures (IO/PO/Floater), GSE program types, Prepayment model calibration or validation, various spreads & durations, systematic back-testing and portfolio construction.

Working Here

Man Systematic is flat, open and meritocratic, with a small-company feel and no attitude. You will have direct access to the people running the strategy and real influence over what we build. We are actively engaged with the academic and wider research community, and open-source some of our technology (github.com/man-group).

We offer competitive compensation, a generous holiday allowance and flexible health and other benefits, and we invest in development through coaching, mentoring, conference attendance and sponsorship of academic and professional qualifications.

The anticipated based salary range for this position is listed below. Compensation packages would also include benefits and a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant. The Firm reserves the right to modify this pay range at any time.

US Pay Range

$110,000-$130,000 USD

Inclusion, Work-Life Balance and Benefits at Man Group
You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity.

You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering.

Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance.