Jobs

Quantitative Researcher - Fast Trading Strategies (London and New York)


Job details
  • Man Group plc
  • London
  • 5 days ago

About Man AHL

Man AHL is one of the world's longest running diversified systematic investment managers, trading in over 800 markets globally and offering a range of absolute return and long-only quantitative strategies that invest across traditional and alternative markets.

With over three decades of quantitative investment experience, Man AHL is committed to constant innovation and evolution of research. It applies advanced technology and scientific rigour to every stage of the investment process, from data curation and cleaning through to signal generation, risk management and execution. It views risk management and trading and execution as central to alpha generation, and its strategies are designed to understand risk, take appropriate exposures and, where necessary, dynamically adjust exposure.

Man AHL brings together scientists, academics, technologists and finance practitioners who are driven by curiosity, intellectual honesty and a passion for solving the complex problems presented by financial markets. It works closely with the Oxford-Man Institute of Quantitative Finance (OMI), Man Group's unique collaboration with the University of Oxford, and leverages insights from its field-leading academic research into machine learning and data analytics.

Founded in 1987, Man AHL's assets under management were $63.8 billion at 31 March 2024. Further information can be found atwww.man.com/ahl.

The Team

AHL's Fast Trading Strategies (FTS) team is responsible for the development of high Sharpe, fast frequency trading strategies across all asset classes. The team has been running for over a decade, and currently manages a large and successful portfolio across both global futures and cash markets. The FTS team is responsible for the full end to end development of the fast alpha portfolio, using a number of techniques to capture fast alphas, ML, event driven, microstructure based etc, building its own customised monetisation stack, and optimising trading and order placement with dedicated high frequency infrastructure.

Current opportunities

We are seeking highly motivated individuals with a strong background in statistics and data analysis to strengthen our research efforts in liquid futures and cash equity markets. Additionally, we seek exceptional academics, well-developed practical skills, and an affinity for financial markets. Individuals of varying levels of experience (across both professional work experience and education levels from Bachelor's to Doctorate degree) will be considered and matched to a role within FTS according to their skillset, interest and current team needs. Therefore, we would kindly request candidates submit onlyoneapplication to the Fast-Trading Strategies team's openings.

We look for researchers sharing our values of excellence, drive, meritocracy, and integrity.

In return, you will be provided with the opportunity to work with industry experts and experience cutting-edge commercial quantitative finance research in one of the world's leading systematic hedge funds.

Role and responsibilities

Quantitative researchers within FTS are responsible for developing and driving their own research agenda across all aspects of our trading, from alpha generation to portfolio construction and execution. Specific responsibilities will include:

  • Conducting in-depth quantitative research into the behaviour of liquid financial markets.
  • Developing and back-testing novel and innovative alpha signals to predict the movements of markets over time horizons spanning from minutes to days.
  • Customising and tuning machine learning algorithms to optimise alpha accuracy
  • Improving trading logic through experimentation and optimisation.
  • Conducting research to improve our ability to monetise and execute on our alpha signals.
  • Engaging in peer-review of research from across the team, and AHL more widely, to help drive top-quality research across the firm.
  • Working with our technologists to help improve our trading platform and infrastructure.

Hiring requirements

  • A strong academic background, with a degree in a quantitative subject (e.g. Mathematics, Physics, Engineering, Computer Science, Economics, Finance) from a leading university.
  • Further degrees or postdoctoral roles are beneficial although not a requirement.
  • Experience of undertaking in-depth quantitative research for trading in either futures or cash equity markets.
  • Experience in linear and non-linear machine learning algorithms.
  • Hands-on experience of working with large data sets.
  • An interest in financial markets modelling and investing.
  • A deep understanding of statistics and an ability to apply it to real-world problems.
  • Intermediate skills in at least one programming language (e.g. Python, Java, C, C++).
  • The ability to communicate complicated ideas in a clear and concise manner.

Working here

AHL fosters a performance driven, meritocratic culture with a small company, no-attitude feel. It is flat structured, open, transparent, and collaborative, offering ample opportunity to grow and have enormous impact on what we do. We are actively engaged with the broader research and academic community, as well as renowned industry contributors.

  • We have annual away days and research off-sites for the whole team.
  • We have a canteen on-site offering nutritious and well-balanced food selection catering to varying dietary requirements.
  • As well as PCs and Macs in our office, you'll also find numerous amenities such as a Wellness suite featuring a gym and Peloton bikes, as well as a music room with a piano and guitars.
  • We host and sponsor London's PyData (https://bit.ly/2WlH8OE) and Machine Learning Meetups and would like to build up a similar community in New York
  • Man Group has proudly partnered with King's College London Mathematics School for many years, which offers employees the opportunity to supervise a group of students on a scientific research project or internship.
  • We open-source some of our technology. Seehttps://github.com/man-group
  • We regularly talk at leading industry conferences, and tweet about relevant technology and how we're using it. See @manquanttech and @ManGroup .
  • Our Oxford lab is collocated with the Oxford-Man Institute of Quantitative Finance (https://bit.ly/36goTic) and the Machine Learning Research Group in Engineering Science, University of Oxford (https://bit.ly/2MSHDwy)

We offer competitive compensation, a generous holiday allowance, as well as various health and other flexible benefits. We are also committed to continuous learning and development via coaching, mentoring, regular conference attendance and sponsoring academic and professional qualifications.

New York only:

Base Salary Range: The anticipated based salary range for this position is $200,000 - $250,000 + benefits + a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant. The Firm reserves the right to modify this pay range at any time.

Our Culture, Values and Benefits at Man

Man Group is proud to provide the best working environment possible for all of its employees, and we are committed to equal opportunities. At Man Group we believe that a diverse workforce is a critical factor in the success of our business and this is embedded in our culture and values. There are a number of external and internal initiatives, partnerships and programmes that help us to attract and develop talent from diverse backgrounds and that encourage inclusion and diversity across our firm and the industry. Man Group is a Signatory of the Women in Finance Charter and the Race at Work Charter. Man Group is also a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact .https://www.man.com/diversity

Man Group supports many charities, and global initiatives. We support professional training and development, and requests for flexible or part-time working. Employees are also offered two 'Mankind' days of paid leave per year as part of the Man Charitable Trust's community volunteering programme.

We offer comprehensive, firm-wide employee benefits including competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Additional benefits are tailored to local markets and may include private medical coverage, discounted gym membership and wellbeing programmes.

Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact .

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