Old Mission
Quantitative Researcher (Fixed Income)
$175K–$250K
Chicago, IL · On-site · Full-time · Posted Mar 24, 2025
- Education
- Advanced degree in a quantitative field; preferably a Ph.D. in engineering, statistics, mathematics, or a hard science.
About the job
Research and develop quantitative models and trading signals for fixed-income markets, with a focus on US corporate bonds and trade execution.
What you'll do
- Analyze bond, exchange quote, and third-party pricing data; generate and evaluate trading signals.
- Build, backtest, and improve models forecasting prices, bid-ask spreads, liquidity, and other metrics using regression and machine learning.
- Contribute to the development and ongoing assessment of trade execution.
What they ask for
- Advanced degree in a quantitative field.
- Exceptional mathematical and programming skills; proficiency in Python, VBA, or R.
- Strong quantitative, analytical, research, and problem-solving skills.
- Demonstrated experience in US corporate bonds.
Nice to have
- Previous experience in TCA, execution quality assessment, and execution algorithms focused on US Credit; experience with credit pricing, credit curve models, and RFQ-based trading is desirable.
- Experience with Bayesian filtering/Hidden Markov Models; intra-day credit curve modeling is a plus.
Pay
$175,000 - $250,000 USD base salary
Tools
Python, VBA, R
AI focus
Uses machine learning analysis to validate, backtest, and improve quantitative models.
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