Quantitative Execution Researcher

Why Stifel

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

Let’s talk about how you can find your place here at Stifel, where success meets success.

What You'll Be Doing

The Quantitative Execution Researcher works closely with the Electronic Trading team under the direction of the Senior Quantitative Researcher in the development, assessment and management of equity execution models, transaction cost models, and order routing strategies. The responsibilities of this position include initiating research into execution signals and model factors. The Quantitative Research team works closely with the development team to determine which research projects are suitable for further analysis or deployment into Stifel execution algorithms.

What We're Looking For

• Develop strong knowledge of Stifel’s Electronic Trading business and development process.
• Apply computational, mathematical, and statistical techniques in support of equity execution algorithm development, transaction cost modeling, and performance analysis.
• Originate quantitative models and analytical tools to address issues such as short-term volume/price forecasting, sentiment analysis, signaling, execution optimization, performance measurement, and risk attribution.
• Maintain existing quantitative processes and develop new core analytical capabilities or model libraries, using advanced statistical, machine learning and quantitative techniques.
• Devise or apply independent models or tools to help verify results of analytical systems.
• Interpret results of analytical procedures and recommend new processes and or action plans.
• Work closely with trading, technology, and model validation teams to document and improve product offering.
• Present research findings/insights to team members.

What You'll Bring

• Strong team player with demonstrated interest in equity trading.
• Ability to use quantitative and data science techniques to research and develop appropriate models and tools for use by trading algorithms.
• Ability to understand which quantitative research is commercially viable and computationally efficient.
• Strong knowledge of programming skillset, Python, SQL, and kdb+/q.
• Familiarity with US equities market structure.
• Creativity/ability to adapt to and define process.
• Detail oriented, self-motivated, independent and a strong communicator.

Education & Experience

• Minimum Required: Graduate Degree in computational finance / financial engineering
• Minimum Required: 1+ year related experience in US equity quantitative research/trading at a financial services firm.

Licenses & Credentials

• Minimum Required: None

Systems & Technology

• Knowledge of time-series data platforms (q/KDB+, etc.)

Compensation Range

Salary: USD $150,000.00/Yr. - USD $250,000.00/Yr. Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.

About Stifel

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

Stifel is an Equal Opportunity Employer.

Compensation: 150000 to 250000 (USD)