Head of Quantitative Strategies

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries.  We are 5,300 people strong.  We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need.

Role Overview

An experienced, highly motivated, and visionary leader to head our Americas Quantitative Strategies team. The role is multi-faceted, working collaboratively with teams such as Sales, Trading, Execution Consulting Product, Technology and Support to consult with our Members to solve their needs by designing market leading and differentiated algorithmic trading strategies, quantitative models and thought leadership. The ideal candidate combines deep market expertise, strong quantitative skills, and a proven ability to lead high-performing teams in a dynamic, front-office trading environment.

Role Responsibilities:

• Lead a team of quantitative strategists focused on designing market leading, high performing, and differentiated algorithmic trading strategies, quantitative models and thought leadership pieces.

• Coordinate with regional quantitative strategies leads to own roadmap for model development and ensure alignment with business needs, product roadmap, trading goals, risk appetite, and regulatory requirements.

• Implement disciplined design and research process with alignment, transparency and accountability to increase throughput and ROI of quant team efforts. Align and leverage quant resources globally to improve throughput and delivery times.

• Oversee the lifecycle of algo strategy and model enhancements, including idea generation, research, specifications, testing, go to market support, and follow-up.

• Own proactive and regular monitoring, refining, harmonizing and calibrating of algo strategies and proprietary quantitative models to keep performance in-line with expectations.

• Look at opportunities based off market microstructure and client feedback to change, reconfigure or customize our products and services.

• Being able to set up or manage back testing and production experimentation of new or updated models / algo parameters

• Working closely with Global Quantitative Strategy, Product, and technology teams to make sure the designs and architecture is correctly articulated before development.

• Manage final testing; working with QA and Product Support to make sure the algos / parameters / models are ready for Production

• Looking at any escalated issues with our algos and deciding on next steps of escalation if required.

• Work on enhancing the tools that investigate the behaviour/telemetry of the algos

• Contribute ideas that drive innovation of our TCA and execution consulting tool sets

• Work hand in hand with the Execution Consulting team, Product and coverage teams to explore client custom strategies that enhance algo performance.

• Participating in complex sales pitches with sophisticated clients in terms of how our algos work with the market and how we follow best execution protocols.

• Display thought leadership and credibility by authoring and distributing content pieces

• Represent the team in senior governance and cross-functional forums; communicate strategy, performance, and resource needs to senior leadership.

• Foster a high-performance culture of accountability, transparency, and collaboration; mentor and develop junior talent.

• Monitor regulatory and market structure developments to ensure compliance and maintain competitive edge.

Experience / Competences

Essential

• 10+ years of experience in quantitative trading or strategy development, with a strong focus on U.S. equities.

• Proven leadership experience managing quant teams in a front-office trading environment.

• Deep understanding of U.S. equity market microstructure, algorithmic execution, dark pools, and high-performance trading systems.

• Advanced degree (PhD or Master’s) in a quantitative discipline (e.g., Mathematics, Computer Science, Physics, Engineering).

• Expertise in statistical modeling, back testing, market data analysis, and programming (Python, C++, SQL; kdb+/q is a plus).

• Track record of delivering commercial impact through quantitative strategies and innovation.

• Strong communication and stakeholder management skills; ability to translate complex models into business decisions and client recommendations.

• Innovative and strategic, while still analytical and detail oriented

• Passion for staying current with industry trends; incorporating emerging best practices into everyday work.

Desired

• Strong understanding of global market structure

• Knowledge of multiple asset classes including Futures, Options, FX and Credit

• Experience with machine learning or alternative data in alpha discovery or execution optimization

• Strong understanding of Artificial Intelligence modelling techniques

• Strong network across trading, technology, and quant research communities

Role Band & Level

• Manager, 7

Annual Salary

• $250,000 - $350,000

#LNET #LI-Hybrid #LI-MID

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. 

Location

USA - 200 Vesey Street - New York, NY