Full-Time

Quantitative Researcher

Confirmed live in the last 24 hours

Old Mission

Old Mission

51-200 employees

Global market maker for illiquid ETFs

Quantitative Finance
Financial Services

Compensation Overview

$170k - $300kAnnually

+ Bonus

Mid, Senior

New York, NY, USA

Position requires in-office presence in NYC.

Category
Quantitative Research
Quantitative Finance
Required Skills
Python
R
Ruby
Java
MATLAB
C/C++
Data Analysis
Requirements
  • An advanced degree in a quantitative field such as computer science, an engineering discipline, mathematics, statistics, or physics
  • A deep technical understanding of advanced statistical techniques
  • 3+ years of relevant equity trading experience
  • Expertise building statistical models equity forecasts, with a proven track record of deploying such models to production equity trading systems
  • Proficiency in at least one of the following languages: C++, Python, R, Matlab, Ruby, Java
  • Experience leading a team of researchers, either in industry or academia
  • Superior written and verbal communication skills
Responsibilities
  • Conduct research and analyze large data sets to develop and implement alpha signals while contributing to portfolio construction
  • Collaborate with others to analyze the performance while optimizing and creating new strategies
  • Develop pricing models
  • Assess risk

Old Mission operates as a market maker that focuses on providing liquidity for hard-to-price and illiquid exchange-traded funds (ETFs). The company facilitates the buying and selling of these financial products, helping large institutions manage and transfer risk effectively. Old Mission's approach involves a team of traders and technologists who work collaboratively to ensure efficient transactions and problem-solving. Unlike many competitors, Old Mission emphasizes the human element in its operations, fostering a culture of humility and approachability among its staff. The company's goal is to support its clients by delivering exceptional service and liquidity solutions, ultimately contributing to the stability and efficiency of the financial markets.

Company Stage

Private

Total Funding

N/A

Headquarters

Chicago, Illinois

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for illiquid ETFs offers Old Mission new market opportunities.
  • Advancements in AI enhance Old Mission's trading algorithms for better pricing accuracy.
  • Expansion of digital assets creates liquidity opportunities for Old Mission.

What critics are saying

  • Increased competition in ETF market-making could pressure Old Mission's margins.
  • Regulatory scrutiny on high-frequency trading may impact Old Mission's profitability.
  • Volatility in emerging markets like Brazil could affect Old Mission's returns.

What makes Old Mission unique

  • Old Mission specializes in pricing illiquid ETFs, a challenging market segment.
  • The company combines trading expertise with advanced technology for efficient risk transfer.
  • Old Mission's team values collaboration and problem-solving, enhancing client service.

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Benefits

Competitive Salary

Discretionary bonus

Top tier Medical, Dental, Vision, Disability and Life Insurance paid for by the firm

401(k) with employer match

Full stocked kitchen, free breakfast and lunch everyday on-site

Tuition reimbursement

Flexible Spending Plan

Commuter Benefit Program