Job Description: Head of Medium Frequency Trading (MFT)
Location: New York
Department: Trading and Quantitative Research (Equities)
Position Type: Full-Time
About the Firm:
We are a $15 billion AUM fully systematic hedge fund, recognized for our rigorous quantitative approach and innovative trading strategies. Our firm fosters a collaborative and dynamic environment, focusing on leveraging cutting-edge technology and research to drive alpha generation across various asset classes.
Role Overview:
We are seeking an accomplished and strategic leader to take on the role of Head of Medium Frequency Trading (MFT). The successful candidate will lead and mentor a team of six quantitative researchers, driving the development and execution of MFT strategies across intraday to 5-day trading horizons. This is a critical leadership role that requires both a proven track record in alpha generation and the ability to guide and inspire a high-performing team.
Key Responsibilities:
Team Leadership and Management:
- Lead, mentor, and manage a team of six quantitative researchers, fostering a culture of collaboration and continuous improvement.
- Set strategic goals and priorities for the MFT team, ensuring alignment with the firm's broader objectives.
- Oversee the development, implementation, and refinement of MFT strategies, ensuring robust risk management and alpha generation.
Strategy Development and Execution:
- Drive the research and development of MFT strategies across various asset classes, focusing on intraday to 5-day trading horizons.
- Utilize advanced quantitative methods to identify and capitalize on market inefficiencies, ensuring strategies are scalable and adaptable to changing market conditions.
- Collaborate with technology and data teams to enhance trading infrastructure, ensuring the team has the tools and resources necessary to succeed.
Performance Monitoring and Optimization:
- Monitor the performance of deployed strategies, making data-driven adjustments to optimize returns.
- Conduct regular reviews of strategy performance with the team, identifying areas for improvement and innovation.
- Ensure rigorous backtesting and validation processes are in place for all strategies.
Collaboration and Communication:
- Work closely with senior management to communicate strategy performance, risks, and opportunities.
- Foster strong relationships with other teams within the firm, including risk management, operations, and technology, to ensure seamless execution of strategies.
- Represent the MFT team in cross-functional meetings, contributing to broader firm initiatives and decision-making processes.
Qualifications:
- Master's or Ph.D. in a quantitative discipline such as Mathematics, Statistics, Computer Science, or a related field.
- 7+ years of experience in quantitative research and trading, with a focus on medium-frequency strategies.
- Proven track record of alpha generation in the MFT space, with strategies that have been successfully deployed.
- Experience managing or leading a small team of quantitative researchers is preferred, but ambitious individual contributors with leadership potential will also be considered.
- Strong programming skills in Python, C++, or similar languages, with experience in handling large datasets and developing scalable trading systems.
- Excellent analytical and problem-solving skills, with a deep understanding of market microstructure and trading dynamics.
- Strong communication and leadership skills, with the ability to inspire and guide a team towards achieving strategic goals.
What We Offer:
- Competitive compensation package, including % PNL split of firmwide MFT PNL.
- Opportunity to lead and shape a high-impact team within a leading hedge fund.
- Access to state-of-the-art technology and data resources.
- A collaborative and intellectually stimulating work environment with opportunities for professional growth.
Application Process:
Interested candidates are encouraged to apply with a resume and a cover letter detailing their relevant experience and vision for leading the MFT team.
