Global Markets, FICC, SMM FX – Quantitative Researcher, Associate, New York

SMM FX is a systematic market making business covering FX spot, forwards and NDFs. As an automated trading business, SMM manages the financial as well as operational risks inherent in this endeavor. We are looking for someone to work on the quantitative research aspect of market making. The successful candidate will work on improving our pricing and hedging capabilities, analyze client trading behavior, alpha generation, etc.

Principal Responsibilities

• Generate ideas for models and strategies to improve pricing and risk-management.
• Build, test and deploy those strategies in a fast-paced production environment.
• Manage the operational risks inherent in a fast-moving automated trading business.
• Collaborative working with colleagues across business lines and across regions.
• Work productively with people outside the electronic trading business, e.g. other traders, strats and engineers in the firm.
• Understand the regulatory and supervisory environment and demonstrate ownership of our obligations and responsibilities under this. 

Experience/Skills 

• Strong academic background in Computer Science or an analytical field such as Mathematics, Physics, Engineering, etc.
• Proven ability to analyze large data sets and draw useful commercial conclusions.
• Development in real-time algorithmic systems. Familiarity with Java and Python preferred, though not critical. In the absence of these, strong familiarity with alternative languages is essential to demonstrating an ability to develop production code.
• Ability to communicate and work collaboratively within their own team and with other parts of the firm, e.g. voice trading, other technology teams and functions like economic research which have varying levels of technical knowledge. 
• Demonstrated understanding of and engineering of a safe operating environment, particularly regarding the control environment around electronic trading. 

Preferred Experience

• Experience working on market making and execution
• Low-latency Java
• Know your way around a Linux terminal