Citadel & Citadel Securities

Position Title/Short Description

Full Text of JOE Listing:

Citadel and Citadel Securities seek 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 two of the world's leading global financial institutions. Citadel and Citadel Securities pursue path-breaking work and handsomely rewards excellence. For the right individual, this opportunity represents an exciting career path in investments research.

Duties And Responsibilities:
- Play a key role in research in development of quantitative investment strategies based on unique proprietary data sets
- 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:
- 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.

- Quantitative Strategies applies mathematical and statistical models to the financial markets, combining rigorous research and advanced technology to identify and execute on investment opportunities. The team operates globally, seeking to generate alpha by applying systematic strategies across a diverse set of asset classes including equities, sovereign bonds, fixed income, credit, commodities and currencies.