Tower Research Capital, LLC

Senior Quantitative Researcher

Tower Research Capital, LLC • $120K — $200K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Advanced degree (Masters or PhD) in mathematics, machine learning, computer science, physics, or a similar quantitative field.
  • Significant experience in quantitative research specifically related to systematic trading.
  • Proficient programming abilities in Python and C++, with a focus on building scalable software solutions.
  • Demonstrated ability to communicate complex ideas clearly to both technical and non-technical stakeholders.
  • Proven track record in delivering impactful results through quantitative model development and analysis.

Responsibilities

  • Analyze large datasets to form and test hypotheses on market behavior.
  • Research and construct statistical models for financial instruments' valuation and expected returns.
  • Formalize and implement trading strategies through optimization problem solving.
  • Develop robust and scalable quantitative research methods throughout the entire data pipeline.
  • Collaborate within a new, flexible team environment to tackle complex trading challenges.

Benefits

  • Generous paid time off policies.
  • Savings plans and financial wellness resources offered globally.
  • Hybrid working arrangements available.
  • Complimentary breakfast, lunch, and snacks provided daily.
  • Wellness reimbursements for gym and training expenses.
  • Engagement in company-sponsored sports teams and fitness events.
  • Opportunities to volunteer and contribute to charitable causes.
  • Frequent social events and celebrations fostering workplace camaraderie.
  • Access to workshops and ongoing learning opportunities.
Full Job Description
As a Quantitative Researcher in one of Tower's trading teams, you will use Tower's in-house research and trading platform-one of the fastest and most comprehensive in the world-to build and deploy systematic trading strategies. Our researchers use statistical and machine learning techniques to uncover patterns in market behavior used to build predictive models, formalize and solve optimization problems to create trading strategies, and are involved in the entire process from idea generation to production results. This is a new team operating on a collaborative basis, with a rare opportunity to work on challenging problems across the full business scope and have outsized impact. Location is flexible for the right candidate, though New York or Hong Kong are preferred. Responsibilities - Analyzing large data sets of various origins to form and test hypotheses regarding market behavior - Researching and building statistical models of financial instruments' valuation and returns - Formalizing and implementing trading strategies and algorithms through solving the appropriate optimization problems - Building robust and scalable quantitative research methods, tools and platforms, across the full pipeline from data extraction and analysis to model calibration and reporting Qualifications - Solid academic background in mathematics, machine learning, computer science, physics or a similar quantitative field with a strong research experience equivalent to research-oriented masters degree or ideally a PhD in the field - Strong quantitative research experience in the systematic trading space, across idea generation, research, deployment, and production analysis, with a track record of delivering impactful results - Effective programming skills and prior experience building high quality, scalable software in scripting / dynamic languages such as Python or lower level languages such as C++, ideally in both - Ability to communicate clearly and effectively both at a high level and in details Anticipated New York and Chicago annual base salary range $120,000- $200,000, plus eligible for bonus(es). Benefits Tower's headquarters are in the historic Equitable Building, right in the heart of NYC's Financial District and our impact is global, with over a dozen offices around the world. At Tower, we believe work should be both challenging and enjoyable. That is why we foster a culture where smart, driven people thrive - without the egos. Our open concept workplace, casual dress code, and well-stocked kitchens reflect the value we place on a friendly, collaborative environment where everyone is respected, and great ideas win. Our benefits include: - Generous paid time off policies - Savings plans and other financial wellness tools available in each region - Hybrid working opportunities - Free breakfast, lunch, and snacks daily - In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more) - Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more) - Volunteer opportunities and charitable giving - Social events, happy hours, treats, and celebrations throughout the year - Workshops and continuous learning opportunities At Tower, you'll find a collaborative and welcoming culture, a diverse team and a workplace that values both performance and enjoyment. No unnecessary hierarchy. No ego. Just great people doing great work - together.

About Tower Research Capital, LLC

Tower Research Capital, LLC is a quantitative trading firm that was founded in 1998. The company uses advanced technology and algorithms to trade in multiple asset classes across global markets. Tower Research Capital, LLC is headquartered in New York City and has offices in North America, Europe, and Asia. The company is known for its innovative approach to trading and its use of cutting-edge technology to analyze market data and make trading decisions. Tower Research Capital, LLC is a privately held company and does not disclose its financial information to the public.
Learn more about Tower Research Capital, LLC
Size
1,000 employees
Industry
Founded
1998

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