Company Overview
Millennium is a global alternative investment firm managing $75 billion in assets, founded in 1989. Built on a foundation of continuous evolution, innovation, and strategic focus, our mission is to generate strong, high-quality returns for our investors.
About the Role
Millennium is seeking a highly motivated Quantitative Researcher to join our systematic macro team. In this role, you will work directly with a Senior Portfolio Manager to research and develop alpha-driven strategies across global macro asset classes. You will play a key role in shaping and enhancing the research infrastructure, collaborating in a transparent and intellectually rigorous environment.
Key Responsibilities
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Collaborate with the Senior Portfolio Manager to research, design, and implement systematic macro strategies
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Conduct alpha research including signal generation, data preprocessing, statistical modeling, and backtesting
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Enhance the internal research platform, including data pipelines, analytical tools, and backtesting frameworks
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Independently explore and develop new alpha ideas across commodities, FX, equity, and bond futures
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Contribute to a collaborative, team-oriented research culture
Preferred Technical Skills
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Strong research and programming abilities, with advanced proficiency in Python
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Solid experience using analytics libraries such as Pandas, SciPy, NumPy, Polars; experience developing reusable libraries is a plus
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Master’s or PhD in Applied Mathematics, Statistics, Physics, Engineering, Financial Engineering, Computer Science, or a related quantitative field from a top-tier university (strong Bachelor’s degree candidates will also be considered)
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Strong problem-solving skills, intellectual curiosity in alpha research, and an innovative mindset
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Ability to think creatively and perform rigorous quantitative analysis
Preferred Experience
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2+ years of quantitative research experience focused on systematic macro strategies
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Experience conducting alpha research within a hedge fund or similar setting, particularly across commodities, FX, equity, and bond futures
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Experience with macro intraday strategies is highly desirable
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Familiarity with trading cost analysis and/or machine learning is a plus
Compensation
Millennium offers a competitive total compensation package that includes:
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Base Salary Range: $150,000 – $200,000 (specific to New York; subject to change)
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Performance-Based Bonus (discretionary)
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Comprehensive Benefits Package