JOE Listings (Job Openings for Economists)

August 1, 2014 - January 31, 2015

Citadel LLC

This listing is inactive.
Quantitative Researcher

JOE ID Number: 2014-02_111452286
Date Posted: 11/21/2014
Date Inactive: 01/31/2015
Position Title/Short Description
Title: Quantitative Researcher
Section: Full-Time Nonacademic
Location: Chicago , Illinois, UNITED STATES
JEL Classification: G2 -- Financial Institutions and Services
Full Text of JOE Listing:

Citadel seeks Ph.D. job market candidates, faculty and industry professionals who are entrepreneurial, self-starters and enjoy being in a fast-paced, dynamic and demanding environment to help continue building and growing one of the world's leading global financial institutions. Citadel pursues path-breaking work and handsomely rewards excellence. For the right individual, this opportunity represents an exciting career path in investments research.

Duties and Responsibilities:
- Develop core algorithms and models leading directly to trading decisions
- Conduct research and statistical analyses about securities and commodities
- Conceptualize valuation strategies, develop and continuously improve upon mathematical models, and help translate algorithms into code
- Work closely with traders in interpreting valuations and developing next generation models and analytics
- Evaluate vendors of financial information; evaluate and work with new data sources and analysis packages in developing investment strategies
- Provide high level technical and investment analytic support to the trade desk

Minimum Qualifications:
- Ph.D. in Finance, Accounting, Economics, Statistics, Mathematics, IEOR or related fields with demonstrated ability to complete high-level, investments related research
- Experience in a quantitative role within a trading environment or experience in a position applying advanced quantitative techniques in solving highly complex data intensive problems
- Demonstrated solid empirical skill; comfortable working with and analyzing large datasets
- Strong mathematical and statistical modeling skills (i.e. time-series and cross-sectional skills) are highly valued
- Proficient coding skills with experience using statistical packages (e.g. R, Matlab); exposure to scripting (e.g. Python, Perl); C/C++ a plus but not required

Additional Qualifications may include:
- Demonstrated interest in or knowledge of investments, derivatives, asset pricing, empirical anomalies, macroeconomic analysis and market micro-structure; Experience with equities, convertible arbitrage, fixed income and/or commodities
- Understanding of the modeling of risk and dynamics of linear and non-linear financial products
- Good understanding of international accounting rules and familiarity with global market structure
- Familiarity with portfolio construction analytics and some exposure to quantitative portfolio management.

Research opportunities are available in a variety of groups including:
- Global Equities is primarily responsible for managing multi-billion dollar long-short equities portfolios encompassing major markets blending fundamental and quantitative investment techniques. We adhere to strict risk controls, quantitative portfolio construction, and algorithmic trading. The ideal candidate will join a team of front-office quantitative researchers directly responsible for implementing and developing projects that span major areas of a quantitatively driven investment process.

- Credit invests across the U.S. and European corporate universe, focusing on the relationships between corporate debt, credit derivatives, credit indices and equities. The group's core strategies include Convertible Bond Arbitrage, Relative Value Credit Trading, Credit Index Arbitrage and Capital Structure Arbitrage. The implementation of these strategies integrates structural, statistical and fundamental approaches to investing across the corporate capital structure.

About Citadel:
Since its founding over two decades ago, Citadel has grown into a global financial institution. The firm's culture of identifying and seizing opportunities can be traced back to CEO and firm founder, Kenneth Griffin's passion for the markets. While a student at Harvard, Griffin developed his first convertible bond arbitrage model and traded from his dorm room. Today, Citadel is a leading global financial institution with a diverse business platform that is built on a foundation of world-class talent, technology and infrastructure.

Citadel effectively deploys capital to convert opportunity into results across a highly diversified set of proprietary investment strategies in all major asset classes. With more than 1,100 team members, Citadel operates in the world's major financial centers, including Chicago, New York, London, Hong Kong, Boston, Dallas, Toronto, Greenwich, and San Francisco.

Application Process:
Please email your Curriculum Vitae (CV), Cover Letter and Job Market Paper (if applicable) to:

Citadel LLC

Please include Job Code: 37162AFA in the subject line of your email.

Application Requirements:
  • Application Instructions Below
Application deadline: 01/31/2015
Application Instructions:
Please email your Curriculum Vitae (CV), Cover Letter and Job Market Paper (if applicable) to:

Citadel LLC

Please include Job Code: 37162AFA in the subject line of your email.