Quantitative Research & Trading

Quantitative Research & Trading

Selby Jennings: A leading specialist talent partner for Quantitative Research & Trading

Selby Jennings is a leading specialist talent partner for Financial Sciences & Services. Our global Quantsteam provides top-tier talent solutions for quant analysts, offering permanent, contract, and multi-hire options across three continents. With nearly two decades of experience and an unrivaled network, we excel in securing the brightest minds, from systematic traders and modelers to portfolio managers and risk analysts.

Our expertise goes beyond talent acquisition. We advise enterprises on streamlining processes, upskilling workforces, and staying cutting-edge with flexible working models. For quant professionals, we provide expert insight on benchmarking benefits packages, salaries, and guide them through career moves.

With accolades like winning 'Best Executive Search - Quant' in the European Quant Services Award 2021, we are committed to helping clients secure top quant talent. Whether you seek exceptional quantitative talent or are a quant professional on the lookout for new opportunities, Selby Jennings is here to connect you with industry-leading firms worldwide.

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Benefits of working with Selby Jenningsโ€™ global Quants team

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We are a specialist talent partner. Among the many benefits of working with Selby Jenningsโ€™ global Quants team are:

20 years of experience

Extensive knowledge: Our global Quants team has nearly 20 years of experience in this niche sector

award-winning recruitment experts

Our award-winning talent experts offer guidance in the Quants space across three continent

Global recruitment team

Our Quants team places, on average, over 300 professionals globally each year

Recruiting for a portfolio of clients globally

An unrivaled growing portfolio of global clients, both big and small

Do not miss out on securing your desired Quants professionals or securing your next Quants professional role in a Quant's workforce.

Quantitative Research & Trading Jobs

Quantitative Researcher: Mid-Frequency Equities

A Quant Equity PM embedded in a Multi-Strategy Hedge Fund in NYC is actively seeking an Equity Stat Arb Quant Researcher to join their team in 2025. The PM has worked on the platform for 5+ years and has been very successful in mid-frequency stat arb strategies. This is a growth hire within their pod and are looking looking for someone with a proven track-record in end-to-end strategy development to drive new streams of PnL in the group. This role will allow for the incoming QR to be mentored by a veteran PM, collaborate with other QRs within the team, have access to robust research/trading systems and a wide-array of datasets for signal research. The ideal candidate for the team will have: 2+ years equity stat arb experience (hedge fund or prop trading) Exposure to end-to-end strategy lifecycle from ideation to productionization Strong Python coding Experience using fundamental data for signal research Advanced STEM degree Strong communication skills and desire to work in a collaborative team

US$400000 - US$700000 per year
New York
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Quantitative Researcher - Intraday Futures and Equities

Job Description: Quantitative Researcher - Intraday Futures and Equities Location: Berkeley, California Firm Overview: A premier hedge fund known for its innovative and systematic trading strategies is expanding its team in Berkeley, California. With the arrival of a new Portfolio Manager in April 2025-an accomplished leader from a leading Machine Learning quantitative trading firm-the team is seeking top-tier talent to drive intraday trading strategies in Futures and Equities. Position Overview: We are looking for a Quantitative Researcher with a strong foundation in Machine Learning, a PhD in a quantitative discipline, and 2-10 years of experience at a quantitative trading firm. The successful candidate will develop and implement cutting-edge intraday strategies leveraging Machine Learning techniques across futures and equities markets. Key Responsibilities: Conduct alpha research and develop intraday trading strategies for futures and equities. Apply advanced Machine Learning techniques to discover novel trading signals and optimize existing models. Collaborate closely with the PM to refine and implement trading ideas using a systematic approach. Backtest and validate strategies with a focus on scalability, robustness, and performance. Monitor and analyze strategy performance, ensuring continuous improvement and adaptation to market conditions. Qualifications: PhD required in a quantitative field such as Mathematics, Computer Science, Physics, Statistics, or a related discipline. 2-10 years of experience at a quantitative trading firm, with a track record of success in developing trading strategies. Deep expertise in Machine Learning applications for quantitative trading. Strong programming skills in Python, C++, or similar; proficiency in statistical modeling tools and frameworks. Experience with large-scale data analysis and high-frequency datasets. Exceptional problem-solving skills, creativity, and a strong attention to detail. Why Join Us? Be part of an innovative team led by a visionary PM with a proven track record in Machine Learning-driven trading. Access to cutting-edge technology, data, and resources to design and execute world-class strategies. Collaborative and intellectually stimulating environment in the heart of Berkeley, California. Application Instructions: If you meet the qualifications and are excited to work at the forefront of quantitative trading, please apply with your CV detailing your relevant experience and achievements.

US$500000 - US$600000 per year + estimate inclusive of performance bonus
Berkeley
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Sector Data Quantitative Researcher

Job Description: Sector Data Quantitative Researcher Firm Overview: Join a leading Hedge Fund Pod known for its innovative use of alternative data to generate alpha across markets. The team excels in extracting insights from unconventional datasets, driving cutting-edge research and superior investment outcomes. Position Overview: We are seeking an experienced Sector Data Quantitative Researcher to expand our capabilities beyond consumer data. The ideal candidate will bring expertise in alternative data applications across one or more complementary sectors such as Technology, Media & Telecommunications (TMT), Financials, Healthcare, or Industrials. This role requires a proven ability to source, analyze, and integrate novel datasets to support investment decision-making. Key Responsibilities: Source, evaluate, and onboard alternative data sets relevant to specific sectors (TMT, Financials, Healthcare, Industrials, etc.). Develop quantitative models and algorithms to extract actionable insights from structured and unstructured data. Collaborate with portfolio managers, analysts, and other researchers to integrate data-driven insights into the investment process. Conduct in-depth sector-specific data analysis to uncover trends, risks, and opportunities. Maintain a forward-looking perspective on alternative data trends and emerging technologies, ensuring continuous improvement in data acquisition and processing methodologies. Qualifications: 5+ years of experience working with alternative data, with demonstrated success in leveraging such data for sector-specific research. Deep understanding of at least one sector outside of consumer data, such as TMT, Financials, Healthcare, or Industrials. Strong programming skills in Python, R, or similar languages; experience with data visualization tools is a plus. Familiarity with database technologies and large-scale data processing frameworks (e.g., SQL, Spark). Excellent problem-solving skills and the ability to translate complex data into clear, actionable insights. Advanced degree in a quantitative field such as Data Science, Statistics, Economics, or Engineering. Why Join Us? Work in a dynamic and collaborative environment at the intersection of data science and finance. Access cutting-edge tools and resources to explore and analyze novel data sources. Be part of a team that values intellectual curiosity and rewards innovation. Location: New York, New York Application Instructions: If you are passionate about leveraging alternative data to drive investment decisions and have the sector expertise we are looking for, please apply with your resume detailing your relevant experience.

US$450000 - US$650000 per year + estimate inclusive of performance bonus
New York
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Front Office Developer

Why You'll Love This Job: You're a trailblazer, excited to dive into the innovative and disruptive world of cryptocurrency. You thrive on full-cycle application development, from gathering requirements to providing production support. Automating trading processes and peripherals to maximize efficiency with minimal manual intervention is your passion. You're eager to expand your knowledge in both financial and technical domains. You have a strong work ethic and aim for high performance in a fast-paced trading environment. As a Developer, You Will: Assist in developing applications and tools to support front office trading. Help maintain and enhance our proprietary algorithmic trading engine, connectivity to over 60 exchanges, peripheral applications, and user interfaces using the latest .NET and C++ technologies to support our 24/7 trading activities. Investigate production issues, identify root causes, and propose solutions. Work in an international team of like-minded professionals in an agile and autonomous environment. Collaborate with senior teammates to explore the latest technologies and industry best practices. When appropriate, design and integrate changes to expand our system's capabilities, lower latency, and improve performance. Participate in an on-call rotation to ensure our global operations run smoothly around the clock. Required Skillset: A university degree in Computer Science, Software Engineering, or related disciplines. Proficiency in writing clean and efficient code in Rust or C#, or any other object-oriented programming language (e.g., Java). A strong interest in trading, financial markets, and blockchain technologies. A commitment to the reliability, scalability, and maintainability of your deliverables. Enjoyment in analyzing and solving complex problems with elegant solutions. Experience with multithreading, web protocols (e.g., WebSocket, RESTful), or high throughput/low latency design (a plus). An understanding of the dynamic nature of the cryptocurrency business and a willingness to go beyond the traditional 9-6 work schedule.

Up to HK$48000 per annum
Hong Kong
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Quantitative Trader - Options Market Making

A Chicago based Proprietary trading firm with a 20+ year track record is looking to bring on a Quantitative Trader with significant options market making experience. The firm is well known for their top tier technology and hardware as well as their ultra collaborative environment. As a trader you will collaborate closely with researchers and developers to create and optimize algorithmic trading strategies. Responsibilities: Collaborate with researchers and traders to optimize and enhance existing strategies Monitor and reconcile trade positions throughout the day Research new opportunities for growth and pursue the expansion of market share Qualifications: 3+ years of post-graduate experience working on high frequency trading strategies at a prop firm B.S. / M.S. / PhD in CS, stats, Mathematics, Physics from a top 25 university Proven success of developing models in a high frequency trading environment Proficiency in Python or C++

US$200000 - US$300000 per annum
Chicago
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Operational Risk Analyst

Our client is a pioneering fintech company focused on delivering innovative solutions for digital assets and digital currency. Their Frankfurt-based team drives regulatory-compliant, secure, and efficient financial services for clients in a rapidly evolving digital finance ecosystem. As they expand, they are seeking a skilled and motivated Risk Controller to support the risk management function, ensuring compliance, operational efficiency, and robust risk mitigation. Job Summary: As a Risk Controller, you will play a crucial role in managing operational risk across the German entity of the Fintech. You will implement and maintain risk management frameworks, particularly those aligned with MaRisk (Minimum Requirements for Risk Management) and KWG (German Banking Act) regulations. Your responsibilities will span operational risk management, contact with outsourcing and business continuity management (BCM) functions, and regular reporting to stakeholders. In this role, you will support the implementation of sound risk practices and provide critical insights to support decision-making in a complex regulatory environment. The position requires fluency in English, with German proficiency preferred. Key Responsibilities: Operational Risk Management Develop, implement, and monitor risk frameworks and controls to manage operational risks. Conduct risk assessments and identify potential threats to organizational operations, aligning with MaRisk and KWG requirements. Collaborate with business units to address, mitigate, and resolve operational risks as they arise. Risk Framework and Compliance Ensure the company's risk management practices comply with regulatory requirements, including MaRisk and KWG standards. Develop and maintain risk reporting processes, ensuring clear, timely, and accurate communication with management and relevant stakeholders. Contribute to the enhancement of the company's risk management policies and procedures. Outsourcing Management Coordinate with outsourcing partners and ensure compliance with regulatory standards for third-party risk. Conduct periodic reviews and assessments of outsourced functions, providing reports and action plans to ensure alignment with risk frameworks and continuity plans. Business Continuity Management (BCM) Work closely with the BCM team to develop, test, and improve business continuity strategies. Assist in establishing risk mitigation and response plans to protect critical functions in the event of disruptions. Stakeholder Communication Report on risk exposure, key risk indicators, and mitigation efforts to senior management. Serve as the primary point of contact for operational risk-related topics, ensuring strong communication and alignment with internal and external stakeholders. Qualifications: Education: Bachelor's or Master's degree in Finance, Business Administration, Risk Management, or a related field. Experience: Minimum of 3-5 years in operational risk management or a related role in the financial services sector; experience with fintech or digital assets is a plus. Regulatory Knowledge: Strong understanding of MaRisk, KWG, and other relevant German and EU regulatory frameworks. Languages: Fluency in English is required; proficiency in German is highly preferred. Skills and Competencies: Analytical Skills: Excellent analytical and problem-solving skills, with the ability to assess and mitigate complex risks. Communication: Strong written and verbal communication skills, capable of conveying complex concepts to diverse stakeholders. Detail-Oriented: High level of attention to detail, with the ability to produce accurate reports and documentation. Proactive Attitude: A self-starter who can work independently while managing multiple tasks and projects. Collaborative Mindset: Ability to work effectively with cross-functional teams, building strong relationships with business units and external partners. Why Join Our Client? Be part of a forward-thinking fintech company at the forefront of digital finance innovation. Work in a dynamic and collaborative environment with opportunities for professional growth. Enjoy a competitive compensation package and benefits. If you're ready to contribute to a high-growth environment and help build a resilient, risk-aware culture, we invite you to apply!

Negotiable
Frankfurt am Main
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Quantitative Researcher (Equity Options)

Responsibilities: Conduct alpha research on intraday, systematic, single name equity options Working collaboratively with a PM and other researchers to develop stat arb and single stock options trading strategies Working with different data sets such as market microstructure data and alt data Requirements: 4-6 years experience generating alpha for single stock options or statistical arbitrage at a hedge fund or prop trading firm Experience working with microstructure and alt data in an alpha research capacity Strong technical skills with proficiency in Python for data analysis and research Advanced Degree in a Quantitative field (Statistics, Computer Science, Mathematics, Electrical Engineering, etc.) Strong communication skills and the ability to work in a collaborative environment

US$200000 - US$500000 per year
Manhattan
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Quantitative Developer - Equities

A newly onboarded lead for Quant Development at a Multi-Manager Fund in NYC is looking for an Equity Quant Developer to join their build. This is a greenfield initiative and the team will be imperative to the success of current and future Systematic PMs brought into the firm as they build out critical research/trading infrastructure, tool and ad-hoc research to best support the strategies they deploy. This is an opportunity that allows for the QD to build upon their pre-existing skillset while embedding themselves in a front office facing group with the underlying focus of further driving PnL in PM portfolios. The build has strong internal backing and the lead is ideally seeking someone with: 3+ years Quant Development experience (equities experience strongly preferred) Experience building out research and trading platforms Expertise in Python development (prototyping and production) Ability to communicate succinctly with Portfolio Managers, Researchers and Traders Desire to work in a fast paced, team environment

US$350000 - US$600000 per year
New York
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Senior Accountant

Job Title: Senior Accountant Location (Hybrid): New York, NY Job Type: Full-time Compensation: $80,000 - $120,000 base salary + discretionary bonus Company Description: We are working with an industry leader broker-dealer firm that prides itself in efficient direct access trading using top-of-line trading technologies. They provide traders with the proper tools and tech to trade on global markets. Their main objective is to ensure that traders are successful in a world of fast-paced, high-frequency trading. Responsibilities: Assist in global business through various accounting operations Prepare balance sheets and income statements Oversee account reconciliation Manage accounts receivables/payables Engage in revenue recognition Comply with net capital rules / FINRA requirements / SEC requirements Qualifications: BS in Accounting, Finance, or relevant field At least 1 year of experience in public accounting or financial services Experience in securities industry / FINRA broker-dealer Preferred: CPA or Master's in relevant field Ability to speak Mandarin Benefits: Medical, Dental, and Vision 401k / IRA PTO Family Leave WFH

US$80000 - US$120000 per year
New York
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PB/Financing Quant Strategist

I am partnering with a global $4bn AUM Hedge Fund that has delivered exceptional returns in 2024. Building on this success, and driven by market optimism surrounding the election and rate cuts, the firm is aggressively expanding its prime/financing function to prepare for increased flow in the coming year. As a result, the Group Head of the team-a seasoned professional with 15+ years of buy-side and sell-side experience-is seeking AVP/VP-level Prime Financing, Treasury, and/or Delta 1 Quant Strategists to join the team within the next three months. Role Overview: In this position, you will support a global team by developing, building, and executing modeling, data, and optimization projects for this critical business area. A unique aspect of this role is the opportunity to gain front-office exposure and work across a broad range of products, in addition to learning directly from a highly experienced leadership team. While the ideal candidate will be a current buy-side strategist, the team is open to considering front-office sell-side prime talent as well. Requirements: Experience: At least 3 years of front-office experience supporting a Prime, Delta 1, or Treasury desk on either the buy-side or sell-side. Technical Skills: 3+ years of hands-on programming experience in Python. Education: Master's or PhD in a quantitative discipline. Attributes: A strong desire to work in a fast-paced, competitive, and P&L-driven environment. Communication Skills: Ability to explain quantitative concepts to both technical and non-technical audiences. Compensation: Due to the team's performance, compensation for this role is exceptionally competitive, with total remuneration exceeding $300,000 (salary + bonus).

Up to US$200000 per year + +bonus incentives
New York
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Corporate Bond Quant Trader

I am working with a Global investment bank that is looking to expand their Corporate bond trading quant team ahead of the new year. Specifically, they are looking to speak with someone who has a foundational quantitative background that is looking to step into a hybrid position. This person would have experience supporting a Corporate bond trading desk and ideally experience across both IG and HY bonds. The group is looking for someone that is willing to collaborate across quants, trading, and risk and bring new ideas to the table. Responsibilities: Design and implement systematic trading strategies for IG/HY corporate bonds, utilizing statistical models, machine learning techniques, and market data analysis. Work alongside the IG Credit trading desk to develop tools and preform risk analysis Develop new models and analytics for IG/HY bonds and improve existing models and tools Requirements: 4-10 years of experience on a corporate bond trading desk or experience with similar products Proven track record in developing and implementing successful trading strategies for IG bonds Master's or PhD in a Quantitative discipline is preferred Proficiency in Python or another object oriented programming language

US$200000 - US$450000 per year
New York
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Senior Quant Researcher

**Senior Quant Researcher - Pioneering Role in Amsterdam** Are you an experienced quant professional looking for your next big challenge? Our esteemed client is seeking a Senior Quant Researcher to spearhead their dynamic team based in the vibrant city of The Hague, Netherlands. This permanent role offers an extraordinary opportunity to thrive within the stimulating realm of financial services and algorithmic trading. Responsibilities: - Conduct cutting-edge quantitative research - Develop sophisticated trading algorithms - Collaborate with other experts on impactful projects Skills Required: * **Quantitative Analysis**: Deep understanding and experience in complex analysis. * **Algorithmic Trading Knowledge**: Ability to create innovative strategies for automated trading systems. * **Teamwork Abilities**: As part of Selby Jennings' renowned "Quant Team," collaboration will be key. The ideal candidate should exhibit strong analytical skills, have a proven track record within financial services or similar sectors, and possess expertise relevant to Amsterdam's thriving market. You'll join forces with top-tier professionals working towards redefining industry standards through strategic innovation. This position is not just another job; it's a chance to make significant contributions at the forefront of technology-driven finance. Are you ready for this leap forward? Apply now if this resonates with your career aspirations!

Negotiable
Amsterdam
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Quants News & Insights

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Key Insights & Takeaways from QuantMinds 2023

โ€‹โ€‹Selby Jennings' talent acquisition experts from Europe, the USA, and Asia attended QuantMinds 2023 in London in November - the world's leading quant finance event. Alex Morris, Vice President - Quantitative Analytics at Selby Jennings Europe, shares his key takeaways from the event, including current and future market trends and their impacts on hiring.What trends have you seen and heard about at QuantMinds that will continue to have an impact in the coming year?QuantMinds, as always, was an excellent chance for some of the very best in the industry to discuss the latest advancements. Machine learning, volatility, portfolio optimisation and more were discussed at length. I think it was a trickier year than expected for the majority of investment banks. What happened to big players such as Credit Suisse earlier in the year had a large shock effect on the market. Weโ€™re still waiting to see the full implications, but as a result, most investment banks are still finalising their hiring plans for next year. Larger hedge funds and prop shops, however, have relied on diversification to continue growing in both headcount and AUM. They are getting increasingly better at identifying markets from which to gain additional market share. Weโ€™ve seen buy side firms branching into new frequencies, strategies, and asset classes. On the whole, there are ambitious growth plans for 2024. What is the impact and potential of artificial intelligence and machine learning in finance?Machine learning has been one of the hottest topics discussed at QuantMinds over the past couple of years. Speakers have discussed its utilisation for a wide range of projects. Its potential can be harnessed for automating BAU processes, derivative pricing and alpha generating strategies.What was more hotly debated this year, however, was the governance processes that will need to be introduced simultaneously. Machine learning can sometimes result in undesirable outcomes, and many in the industry are asking to which degree a human overlay should be needed. What are some of the biggest challenges companies are facing when hiring talent in quants?Securing top talent in the quant space is getting increasingly competitive. Itโ€™s an incredibly candidate-driven market and firms will do everything they can to retain their employees. Compensation packages are amongst the most competitive in the industry, non-compete periods can be in excess of 12 months, and counter offers are made for almost every candidate. It was pleasing to hear that improving diversity within teams remains a big priority for most of the hiring managers that attended. It of course can be tougher within the quant space than other areas, but examples of effective initiatives are ensuring a diverse interview panel, using non-biased job advertisements, and creating an empathy-driven culture to attract and retain a diverse workforce. What are your key takeaways for hiring managers from this year's QuantMinds conference?With the diversification plans, as touched upon previously, competition for talent within certain markets is becoming increasingly fierce. More firms are now competing for the same revenue generating candidates, and thus itโ€™s important to do everything possible throughout interview processes to get alpha generators onboard. In order to make yourselves as attractive as possible to candidates, ensure to lean on your talent partner for guidance. They can offer insight into how youโ€™re perceived in the market, how competitive your compensation structure is, and for each candidate can tune into the specific motivational factors impacting a decision.Looking to hire? Are you looking to hire the best talent in financial sciences & services? Contact Alex Morris for more information, or request a call back and our experts will get in touch with you. โ€‹ โ€‹

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Quantitative Analytics Salary Guide Europe 2023

โ€‹In Europeโ€™s financial services sector, thereโ€™s a consistent demand for professionals in Quantitative Analytics, Research & Trading. Requirements for professionals across front and back office, covering the entire lifecycle from coding and validation to derivative pricing and automating functions, is astronomically high.Having guidance on salary and industry trends is crucial for hiring managers and professionals alike. Our latest salary guide offers in-depth information on compensation, broken down by job roles and experience levels. Donโ€™t miss these essential insights - download your copy of the Selby Jennings Quantitative Analytics Salary Guide Europe 2023 here:โ€‹โ€‹

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The Great Return: From Crypto Back to Traditional Finance

In recent years, the financial world has been rocked by the meteoric rise of cryptocurrencies. A lot of talented quants and traders, attracted to crypto's volatile prices and potentially massive returns, shifted their attention away from traditional markets and dove headfirst into crypto native funds. However, the tides seem to be shifting once again, and there's a noticeable migration back to the world of traditional finance. Why? Let's delve deeper.The Similarities in Pricing EnginesFor those who might not be well-versed in the intricacies of the financial world, pricing engines are essential tools used by traders to make quick buy or sell decisions based on a myriad of variables. These engines are especially vital in areas such as electronic FX (foreign exchange) trading.Interestingly, many of the pricing engines used in electronic FX trading are quite similar to those employed in the crypto market. This makes the transition between the two markets relatively seamless for quants and traders, so when the dynamic crypto market turns, the familiarity with traditional finance pricing engines might draw them back.The Volatility of the Crypto MarketWhile volatility can be profitable for traders, it can also be perilous. The crypto market, in particular, is known for its extreme fluctuations, sometimes swinging by double-digit percentages in a single day. This kind of uncertainty can be exhilarating for some, but draining for others. The fatigue from such intense volatility might be one of the reasons driving traders back to the more stable, albeit less exciting, realm of traditional finance.Regulatory ConcernsThe crypto world has always existed in a kind of regulatory gray area. As governments and financial institutions around the world grapple with how to classify and regulate cryptocurrencies, traders and funds operating in this space are constantly on their toes. This regulatory unpredictability can be a significant source of risk and stress, making traditional markets with established regulations appear more attractive.The Quest for StabilityDespite the potential for massive profits in the crypto world, the allure of stability and a steady paycheck can be tempting. Traditional finance, with its established institutions, regular trading hours, and relatively predictable market movements, offers a level of security that the 24/7 rollercoaster of crypto trading might not.Broader Market DynamicsWhile the crypto market offers a limited (though growing) number of assets to trade, traditional markets, including FX, commodities, equities, and bonds, provide a diverse array of opportunities. This breadth can be appealing for traders looking to diversify their strategies and risk profiles.It's essential to recognize that while there's a noted shift of quants and traders moving back to traditional finance, this doesn't signify the decline or dismissal of cryptocurrencies. The crypto market is still young, evolving, and undeniably influential. However, this migration underscores the enduring appeal and resilience of traditional financial markets. As the landscape of global finance continues to evolve, it will be fascinating to see how these migrations and intersections between the old and new financial worlds shape the future.If you're a firm or individual looking to harness the expertise of quants professionals, especially during these dynamic times, we have the right resources for you. Toby Hill, our seasoned expert in matching financial talent with demanding roles, is at your service. To get started and discuss your requirements, please request a call back by completing the form below.Request a Call Back

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The Real Alpha: Unleashing Talent in Quantitative Finance Hiring

โ€‹Demand for Quantitative Analytics, Research & Trading professionals is always increasing in the financial services industry. It can be a challenge for hiring managers without the right talent partner to attract and retain the best Quants, meaning having guidance on salary and industry trends is crucial in getting the right workforce in place for the years ahead.Similarly, professionals with the right skills and expertise in Quantitative Analytics, Research & Trading can find themselves in a position of too much choice, with a wide range of attractive opportunities all vying for them, meaning many professionals are curious about whether their salaries and bonuses match their peers.Discover talent challenges and opportunities across Quantitative Analytics, Research & Trading, which includes insights on: A comprehensive overview of the Quants space Strategies for successful hiring of QuantsSalary overviews for the US, Europe, and APACA bonus chapter on women in Quants Key takeaways for those hiring and professionals considering their next move Download โ€˜The Real Alphaโ€™ now. โ€‹

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Expanding Quants Talent in the UK

The United Kingdom's status as a global financial hub relies on its ability to attract and develop top talent in the field of Quantitative Finance, commonly known as Quants. As the financial industry becomes increasingly data-driven and technology-centric, the demand for skilled Quants professionals continues to rise. Expanding the Quants talent pool in the UK is not only crucial for maintaining the country's competitive edge but also for driving innovation and economic growth. In this article, we will explore the importance of expanding Quants talent in the UK and discuss strategies to achieve this goal.Strengthening Academic ProgramsOne of the primary avenues for expanding Quants talent in the UK is through strengthening academic programs. Collaborations between universities, industry practitioners, and regulatory bodies can help design and update curricula that align with the evolving needs of the finance industry. This involves integrating courses on advanced mathematics, statistical modeling, computer science, and financial theory to provide students with a comprehensive skill set required in the Quants field.Additionally, universities can establish partnerships with financial institutions to offer internships, apprenticeships, and research opportunities. Such programs provide students with practical exposure to real-world financial scenarios, fostering a seamless transition from academia to the industry. By enhancing the quality and relevance of academic programs, the UK can produce a steady stream of highly skilled quants professionals.Promoting Continuous Professional DevelopmentExpanding Quants talent in the UK also necessitates a focus on continuous professional development. The fast-paced nature of the finance industry demands that Quants professionals stay updated with the latest methodologies, technologies, and regulatory changes. Encouraging and supporting ongoing learning and professional certifications ensures that existing Quants talent remains relevant and adaptable.Financial institutions and industry organizations can play a pivotal role in this regard by offering training programs, workshops, and conferences tailored to the specific needs of Quants professionals. Collaborative initiatives between industry leaders, professional bodies, and academic institutions can provide access to cutting-edge research, industry insights, and networking opportunities, creating a culture of lifelong learning and growth.Fostering Industry-Academia PartnershipsStrong partnerships between the finance industry and academic institutions are essential for expanding Quants talent in the UK. Financial institutions can contribute to curriculum design, offer guest lectures, and provide industry projects or case studies that allow students to apply their knowledge in real-world scenarios. Simultaneously, universities can establish career centers, organize job fairs, and facilitate networking events that connect students with potential employers in the finance industry.Collaborative research programs between academia and industry can also drive innovation in the field of Quantitative Finance. By bridging the gap between theoretical research and practical application, these initiatives can yield valuable insights and advance the state-of-the-art in Quants methodologies.Encouraging Diversity and InclusionExpanding Quants talent in the UK should prioritize diversity and inclusion. Historically, the finance industry has faced challenges in achieving gender and ethnic diversity in Quants roles. To address this, efforts should be made to eliminate unconscious biases and promote equal opportunities for underrepresented groups.Financial institutions can implement diversity initiatives, such as mentorship programs and scholarships, to attract a diverse pool of talent. Collaboration with professional organizations focused on diversity in finance can also provide networking opportunities and support systems for individuals from underrepresented backgrounds. By embracing diversity and inclusion, the UK can unlock a wider range of perspectives and experiences, leading to enhanced innovation and problem-solving within the Quants field.Partner with Selby Jennings to Unlock the Potential of Quants Talent ExpansionExpanding the Quants talent pool in the UK is crucial for driving innovation and maintaining a competitive edge in the finance industry. By partnering with Selby Jennings, a trusted talent consultancy specializing in the financial sector, organizations can access our extensive network, industry expertise, and tailored hiring strategies. At Selby Jennings, we understand the unique needs of the finance industry and can identify and attract top Quants professionals who align with your organizational objectives. To unlock the potential of Quants talent expansion, request a call back today and take the first step towards securing the niche talent available.

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How the AVP of Selby Jennings supports diversity in Quants

Konza Akhtar has seen many countries in her life. She was born in Pakistan and grew up in Hong Kong, then pursued her masterโ€™s degree in psychology in the UK. It was in London that she realized she loved working with people and joined Phaidon International as one of the first post-Covid hires.ย At Selby Jennings, Konza found a surprising use for her psychology degree in talent search. Two and a half years on the job, she is now moving into her first management role as Associate Vice President, specializing in placing Quants professionals in the research & trading, portfolio management and buyside/hedge fund space.What are you proudest of in your career?โ€œIโ€™m really proud of being a market specialist, and consulting senior quantitative portfolio managers in the hedge fund space. Sometimes, these professionals appear in the news, so being able to work with them and gain their trust and respect is what I am most proud of.โ€ย Why do you think itโ€™s important to celebrate International Womenโ€™s Day, especially in the workplace?โ€œI think it is very important to have a day like International Womenโ€™s Day that acknowledges what women have faced in the workplace, as some of the barriers we deal with are different compared to others. International Womenโ€™s Day starts conversations, and conversations are the first step in making changes.ย โ€œI attended the International Womenโ€™s Day celebrations last year at Phaidon International and felt the day was exceptional. The panels that were held felt like a safe space to share struggles and it was great to see the organization acknowledge it as well and appreciate the day. There have been so many changes since then, such as the Future Female Leaders Program and the Women In Sales awards, as well as developments across brands. We know and feel Phaidon International cares and is addressing the challenges we face as women.โ€How do you encourage gender diversity internally in your brand?ย โ€œIโ€™ve noticed that Iโ€™m starting to raise awareness in meetings, educating others on struggles they may not have considered. Addressing it first is a big step.ย โ€œI also support when weโ€™re interviewing consultants to come work for Selby Jennings. If weโ€™re hiring a female candidate, I think itโ€™s important that they can see someone like them in the business already, demonstrating to them that we have fostered a workplace that is diverse and that anyone can succeed.ย โ€œWhen we see others being successful, it shows that it is possible, so I hope Iโ€™m a proven point of success and an example to other women.โ€How do you encourage gender diversity in your sector?โ€œAt QuantMinds International 2022, I took part in a panel on diversity, and I was so impressed with the number of people that turned up from leading banks that were freely speaking about diversity and the struggle they find in sourcing diverse talent.ย Being able to contribute to that discussion was amazing. I provided context guidance, advice and afterwards I had attendees coming to me asking for solutions. I want to continue to be part of these conversations and help wherever possible to improve the situation.โ€What advice would you give your younger self?โ€œIโ€™d tell my younger self that itโ€™s okay to not have everything all sorted out. You might not be married by a certain age, or have a house or kids. Youโ€™ll probably feel younger than you are and you might never really know how to adult, or it may feel like that!ย There are no rules and you donโ€™t have to do anything you donโ€™t want. I wish I was able to have been unapologetically myself, so donโ€™t let comments get to you. If you have been called too direct or too punchy, donโ€™t internalize it, just continue to be yourself.โ€For more interviews with the inspiring women at Phaidon International, please visit our hub here.

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quantitative-research-and-trading

The Future of Quants

โ€‹โ€‹Interested in how to attract, retain and promote quantitative talent? Or keen to find out as a Quants professional whether your pay matches your peers?Quantitative expertise in financial services is a highly sought-after skill, and there is no doubt that the job markets for Quants is going from strength to strength.Naturally, many professionals are curious about whether their salaries and bonuses match their peers. For hiring managers grappling to stay competitive to attract and retain talent, having guidance on salary and industry trends is crucial in getting the right workforce in place for the years ahead.Discover the latest report on โ€˜The Future of Quantsโ€™, covering the talent challenges and opportunities across quantitative research & trading, which includes insights on:The 5 hot trends in Quants to know about10 key strategies to retain Quant talentโ€‹Salary & bonus guidance across the US, Europe & APACโ€‹โ€‹Download your copy by completing the form below:โ€‹

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quantitative-research-and-trading

Quants Global Market Report 2021

โ€‹With an extremely active hiring market and an increase in demand for specialist talent, our Quants Recruitment team has produced a Global Market Report 2021 to share key insights and trends from across the industry.โ€‹This market report discusses insights on:โ€ข Execution stratโ€™s and High-Frequency Tradingโ€ข The continued growth of Systematic Fixed Income Tradingโ€ข How Quant firms are diversifying their business mixโ€ข The growth of digital assetsโ€ข Geographic trendsโ€ข Compensation reportsโ€‹Complete the form below to download the full report:

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quantitative-research-and-trading

What Should We Be Teaching the Next Generation of Quants?

โ€‹โ€‹Oliver Cooke, Managing Director of North America, has been invited to QuantMinds Americas to moderate the much-anticipated panel, โ€œWhat should we be teaching the next generation of quants?โ€ The panel will discuss the future of quant talent and skills, as well as exploring how quant modeling compares across different sectors. Looking ahead to the event, Cooke shares some key themes that he looks forward to hearing more about from the esteemed panel. Quantitative finance has evolved dramatically in the last 30 years. Quants have gone from a group of individuals operating in a think-tank style environment, fairly separate from the front-office, to being a key extension of any trading desk, client-facing and the most sought after talent in the market. One of the key developments that came out of QuantMinds International in Vienna, this past May, was how ubiquitous machine learning and AI techniques have become in any quant's day-to-day. Although many of these techniques have been around for decades, they are now have become more mainstream. There are even examples of applying AI techniques to more traditional quantitative problems such as option pricing. Itโ€™s clear that any up-and-coming quant should be educating themselves and actively practicing machine learning and AI techniques as they will only become more relevant in the future.The rise of the 'Quantitative strategist' (or 'strat') was pioneered by the likes of Goldman Sachs and Morgan Stanley more than 15 years ago. Almost every bank now has a quant 'strat' team or has that model as part of their entire approach to quantitative support. What does that mean? That quants are a true extension of the trading desk. That they need to have a high level of quantitative skill, alongside computer science ability, topped off with true business understanding and soft skills to work with the trading desk to implement their solutions. Having both technical and soft skills is becoming essential in order to be a top quant in the industry. Finally, quants have the opportunity to help firms solve wider business challenges through the use of data and analytics. We are lucky enough to have an amazing, world-class panel of practitioners joining us for panel discussion at QuantMinds Americas. In particular, Afsheen Afshar and Shimon Senderowitz have been at major organizations such as Goldman Sachs, JP Morgan and Blackrock. In these groups, they have been using quantitative and data science techniques to solve key business challenges. This shows the wider impact quants can have both within finance and beyond, solving organizational challenges, talent challenges, efficiency and operational challenges. This means that the options for up and coming quants to apply their skillset in different ways is vast and will only become bigger in the future. QuantMinds Americas will bring together experts from banks, investment managers, regulators, Silicon Valley, academia and beyond, to learn, network and share expertise on the future of the quant industry. Attendees will hear about the latest breakthrough research, as well as the biggest issues facing the industry, from some of the worldโ€™s most revered quant thought-leaders.Registration for both QuantMinds Americas, and the co-located RiskMinds Americas is now open. Click below, and enjoy an exclusive 15% discount on your registration for either event. โ€‹-----------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries.ย Contact usย to find out how Selby Jennings can help you.

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quantitative-research-and-trading

The Growth of Quants in Investment Banks

โ€‹Picture an investment bank drawn in a โ€˜Whereโ€™s Waldo?โ€™ style. Youโ€™ve got traders, finance, the legal team and management; human resources and an IT team hammering away at their keyboards. Where would you expect to find quantitative analysts (quants)?Ten years ago, quants would have been tucked away on trading desks, inputting data into Excel spreadsheets and working through it manually to uncover patterns and statistics. Their findings would help traders to confirm the right price and most promising investment options.Skip forwards a decade and the role of the quant has changed substantially. For the most part, they are now incorporated into risk management teams, instead of being on a trading desk. There are more of them, they are a more diverse group and they use new tools to carry out different tasks. They are in considerable demand and much valued by financial organizations. What brought about this change?Why are there more quants?The last decade has seen a breath-taking speed of technological development. Analytic software combined with increased opportunities to gather data have led to Big Data: more information, collected more quickly. There are sophisticated tools to integrate, sort and process this data into state-of-the-art models.Electronic modeling now means that trading can be carried out by computers, based on an algorithm calculation of the most favorable moment to buy and sell. If algorithms are often the brawn behind hedge funds, investment banks, asset management services and private equity firms, quants are the brains: they program the algorithms that make the system work.Quants are also used more and more in the business of risk, helping to calculate probabilities and statistics using advanced modeling. This enables risk management teams to keep on the right side of an increasing volume of laws and procedures needed to manage risks appropriately.There are now many more quants employed in this reformulated role, shifting from revenue generation to risk management. Banks require quants for a range of functions including the valuation aspects of derivatives and pricing.A more diverse quant workforceAnother notable change in the last decade is the increasing diversity of the quant workforce. Although this STEM-related field used to be dominated by men from a similar background, intake is now much broader and includes many women. Female quants talent is much in demand by banks seeking to improve the diversity of their teams.As with other STEM areas, fewer women studying related subjects such as Math and Physics means this female talent is hard to find. When female quants are recruited to firms, employers have an additional incentive to keep them motivated and committed to the role, in an effort to retain this highly sought after talent.The use of models and tools: a systematic or discretionary approach?The development of algorithms, machine learning and related tools has transformed the nature of quantitative analysis. Quants need to ensure that data is interpreted and presented in the best possible way, but there is very little inputting and processing done through human labor any more.This has led to a divergence of opinion in the best way to approach investment decisions. As Leda Braga, a high-flying quant known as the โ€˜Queen of Quantsโ€™ has said, trading is now dominated by two approaches to decision-making: systematic and discretionary.A discretionary approach to trading is based on the traderโ€™s own thought processes and decision-making skills. Systematic trading uses technology to indicate the best investment strategies, using algorithms to process reams of data. Quants are essential to the systematic approach, which is gaining in popularity.However, the discretionary approach is still very common, particularly because people tend to respond more vehemently to an error made by an algorithm than an error made by a human. As Braga observes: โ€œWe scrutinize the algos with a lot less tolerance than we scrutinize human action.โ€What does it take to be a good quant?To be successful as a quant, strong analytical skills are a must. Most professionals have advanced computer programming abilities, typically using SQL for database management and perhaps an object-oriented language such as Python or R to clean, sort and process data.Quants usually have advanced degrees in a STEM subject, such as computer science, mathematics or physics. A PhD in one of these subjects is common.ย  There is also increasing popularity of financial engineering masterโ€™s degrees such as financial engineering or quantitative/mathematical finance.Could your team benefit from having a quant on board? Emailinfo@selbyjennings.comto learn more about what they could do for your business.ย ------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries.ย Contact usย to find out how Selby Jennings can help you.

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