Job: Senior Researcher

Job description 1

Position: Senior Researcher I (non-equity asset classes)

About the company:  ITG is a brokerage firm providing advanced equity trading technologies to institutional managers and hedge funds. Our tools for trade execution and analysis enable clients to access liquidity, measure performance; lower trading costs, and streamlines the trading process.  From offices around the globe, we work to fulfill each client’s individual set of grading goals and needs. Our industry specialists partner with clients to bring all of our products, technologies and expertise together to provide flexible, comprehensive solutions. 

Position Description: Apply statistical, mathematical, and financial theory to conduct investment and trading related research, including data collection, statistical modeling and interpretation, and implementation. Position will include research into expanding existing ITG models to new non-equity asset classes (foreign exchange (FX), options and futures) as well as developing new methods in the area of portfolio construction and trading.

Responsibilities will consist of:

• formal modeling of risk, return and trading cost profiles of non-equity asset classes;
• always being up-to-date with latest relevant academic literature;
• providing customer support to users (mostly institutional investors);
• developing new products prototypes;
• close interaction with client services and production support personal.

Educational and Professional Requirements: 

• M.S. or Ph.D. in a quantitative field (e.g. Applied Math, Physics, Finance or Economics).
• Industry experience in foreign exchange (FX) or options and futures research.
• Familiarity with econometrics, statistical and optimization techniques and the principles of probability theory.
• Familiarity with UNIX.
• Familiarity with Matlab, SAS, R/Splus, or C/C++.
• SQL is a plus.
• Strong ability to effectively communicate quantitative topics and concepts.
• Strong written and verbal communication skills.

·         Highly self-disciplined, detail and results oriented.

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Job description 2

Position: Senior Researcher II (Post trade)

About the company:  ITG is a brokerage firm providing advanced equity trading technologies to institutional managers and hedge funds. Our tools for trade execution and analysis enable clients to access liquidity, measure performance; lower trading costs, and streamlines the trading process.  From offices around the globe, we work to fulfill each client’s individual set of grading goals and needs. Our industry specialists partner with clients to bring all of our products, technologies and expertise together to provide flexible, comprehensive solutions. 

Position Description: Working in a strong team which builds and implements statistical models for equity, futures and options markets. The candidate will lead research and development of mathematical/statistical models that can be used in the trading process. The models are used in the process of assessing the performance of institutional clients through cost assessment, peer group comparison and performance analytics. Special focus lies on statistical analysis on empirical execution data to help improve trading strategies and investment returns. This includes market impact research, identification of pre- and post-trade transaction cost factors and evaluation of algorithmic strategies. Responsibilities include

• lead FE’s post-trade group and conduct formal quantitative analyses from question formulation to presentation of outcomes, typically including written summaries and/or business recommendations
• consult with business users to ensure that analytical solutions are tailored to business needs and will support or result in effective end products; participate in a consultative role in implementing solutions
• provide project-specific guidance to other team members through analyses

·        identify issues and areas in need of statistical analysis

• always be up-to-date with latest academic literature that is relevant to project

Educational and Professional Requirements: 

• Ph.D. in Finance, Statistics or Financial Econometrics.
• 4 years of relevant research or professional experience in financial modeling and market microstructure
• Familiarity with statistical and optimization techniques and the principles of probability theory.
• A desire to develop and integrate quantitative skills within a required scope of designing and implementing.
• Ability to translate research into usable, value-added tools and information.
• Strong ability to effectively communicate quantitative topics and concepts.
• Strong written and verbal communication skills.
• Knowledge in Matlab, C/C++, perl or SQL desirable.
• Highly self-disciplined, detail and results oriented

Charu Chawan

Investment Technology Group

321 Summer Street

Boston, MA 02210

Tele: 617 239 8725

Fax:  617 239 8701

Email: cchawan@itg.com