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Quant Researcher - Commodities

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance
  • London

AI generated summary

  • You have experience in quantitative modeling for commodity derivatives, know at least one commodity asset class, are proficient in Python for numerical computation, and possess strong communication skills.
  • You will research, build, and maintain quantitative models for commodity risk analysis, collaborating with teams globally on derivatives, risk metrics, and scenario modeling.

Requirements

  • Previous experience with quantitative modeling of commodity derivatives. Specifically, researching and building risk models for commodities is a plus.
  • Practical familiarity with at least one of the commodities asset classes, such as energy, ags and softs, or base metals.
  • Substantial hands-on experience with python with an associated tool stack for high-performance numerical computation.
  • Solid communications skills.
  • Able to work independently in a fast-paced environment.
  • Detail oriented, organized, demonstrating thoroughness and strong ownership of work.

Responsibilities

  • Responsibilities
  • Newly-created role to research, build, enhance, test and maintain commodities quantitative models specialized for the needs of risk managers.
  • Work closely with derivatives quants and data scientists in London, Bangalore, Geneva, Tel Aviv, Miami and New York to research and develop risk analytics for our commodities business.
  • The emphasis is on models for derivatives, including calculation and aggregation of raw risk metrics (the Greeks), risk projections, handling timeseries data for the construction of price and volatility scenarios, modeling of Value at Risk (VaR) with both historical and factor-based approaches.
  • Additional emphasis on risk-related topics deriving from the modeling of commodities fundamentals.

FAQs

What is the primary focus of the Quant Researcher - Commodities role?

The primary focus is to research, build, enhance, test, and maintain quantitative models tailored for the needs of risk managers in the commodities sector.

What kind of experience is required for this position?

Candidates should have previous experience with quantitative modeling of commodity derivatives, particularly in researching and building risk models for commodities.

Are there specific commodities asset classes that candidates should be familiar with?

Yes, candidates should have practical familiarity with at least one of the commodities asset classes, such as energy, ags and softs, or base metals.

What programming skills are necessary for this role?

Substantial hands-on experience with Python, along with an associated tool stack for high-performance numerical computation, is essential for this position.

Is strong communication a requirement for this job?

Yes, solid communication skills are required to effectively collaborate with team members across various global locations.

What is the work environment like in the Fixed Income & Commodities Technology group?

The work environment in FICT is dynamic and fast-paced, offering excellent growth opportunities for team members.

What type of risk metrics will the Quant Researcher be focusing on?

The emphasis will be on calculating and aggregating raw risk metrics (the Greeks), risk projections, and modeling Value at Risk (VaR) using both historical and factor-based approaches.

Is teamwork important for this role?

Yes, the role involves close collaboration with derivatives quants and data scientists in multiple locations, emphasizing the importance of teamwork.

What personal attributes are valued for this position?

Candidates should be detail-oriented, organized, demonstrate thoroughness, and possess a strong sense of ownership of their work.

Will training or guidance be provided for new team members?

While the job emphasizes working independently, new team members will collaborate closely with experienced quants and data scientists, which encourages knowledge sharing and support.

Finance
Industry
1001-5000
Employees
1989
Founded Year

Mission & Purpose

Millennium is a global alternative investment management firm, founded in 1989, which manages $58.9 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies. Our four primary strategies are RV Fundamental Equity, Equities Arbitrage, Fixed Income Strategies, and Quantitative Strategies. Millennium was founded on the belief that innovation and results come from empowering talented, independent-minded individuals. To us, success is the combination of drive and discipline.