Peace Jenner VardeWe are actively seeking skilled researchers with a strong interest in advancing their careers within the realm of quantitative finance. At SIG, our Quantitative Researchers tackle complex challenges by applying advanced mathematical, statistical and programming techniques to our trading environment.
Although our problems often differ from those found in academic research, they require the expertise of individuals who possess exceptional analytical skills, an unwavering attention to detail and a deep commitment to solving intricate financial puzzles. Our research involves turning innovative ideas into actionable trading signals, collaborating with technologists for rigorous backtesting and continually refining strategies based on performance and feedback.
The role offers a robust orientation program that bridges the gap between academic theory and practical industry application. This program includes introductions to options pricing, access to proprietary data sets and hands-on practice with data analysis techniques.
Beyond the initial training, our dynamic trading floor fosters a collaborative and informal environment where continuous learning and development are encouraged. With competitive compensation, comprehensive benefits and opportunities for professional growth, SIG is committed to creating an inclusive and supportive workplace where talented individuals can thrive and make a meaningful impact.
Your Role and Responsibilities
The typical lifecycle of a quantitative research project begins with an initial idea. This idea could originate from various sources: it might be your own concept, one proposed by a mentor or even an idea sparked during an informal conversation in the cafeteria.
As a Quantitative Researcher, your task is to delve into this idea by analyzing market data and utilizing mathematical, statistical and programming tools. Your research efforts may lead to the identification of a novel pattern that can be developed into a trading signal.
You will collaborate closely with technologists to backtest your findings and integrate the trading signal into production systems. Once the signal is operational within our electronic trading strategies, your role will involve ongoing research to enhance the performance of the strategy. As the strategy evolves, you will engage with other researchers, strategists and traders to gather feedback and brainstorm further ideas. This iterative process may result in new quantitative projects and the cycle begins anew.
To support your transition from academia to industry, we offer a comprehensive orientation program. This program covers topics such as options pricing, familiarization with our proprietary data sets and opportunities to practice data analysis techniques. Beyond the orientation, our trading floor provides a dynamic environment for continuous learning and development through ongoing discussions.
For a detailed account of a typical day as a Quantitative Researcher, refer to Robert’s ‘Day in the Life’ story.
Qualifications and Skills
- A PhD in a quantitative discipline such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research or Economics.
- Outstanding mathematical problem-solving abilities.
- Excellent communication skills, with the capacity to both understand others and articulate your ideas clearly.
- Strong practical computing skills; while proficiency in a specific programming language is less critical, your ability to efficiently and reliably achieve computational tasks is essential.
- Experience with in-depth research projects is required.
- Prior experience in finance is not necessary.
What We Offer
- An esteemed education program that combines theoretical classroom learning with simulated experiences and a secondment to our Philadelphia office, designed to set graduates up for success.
- A non-hierarchical culture that supports employees at all levels in thriving and making a significant impact. Our work environment is casual, collaborative and focused on continuous development.
- Competitive compensation, including an attractive bonus structure and additional leave entitlements.
- Benefits such as private healthcare, gym allowances, wellness initiatives and a fully stocked kitchen offering daily breakfast and lunch.
- Regular social, sporting and community events.
- Visa sponsorship and relocation assistance if needed.
For more details on our benefits and organizational culture, please refer to the provided link.
Interview Process
- Application Submission
- Online Assessments
- Recruiter Interview
- Technical Interview
- Final Round Interviews
- Job Offer
By applying for this position, you will also be considered for the Quantitative Systematic Trader role automatically; there is no need to submit separate applications for both positions.
Equal Opportunity Statement
We encourage applications from candidates of all backgrounds and are open to making reasonable adjustments during the recruitment process to help you showcase your abilities effectively. For any inquiries, please contact sydneycampus@sig.com.
About SIG
SIG is a global quantitative trading firm founded by friends with a shared enthusiasm for game theory and probabilistic thinking. This approach is embedded in our culture, where we find problem solvers across our core disciplines: Trading, Technology and Quantitative Research. Our global offices foster collaboration, enabling us to make optimal decisions and achieve collective success.
Our Operations
We specialize in trading a broad range of financial products and asset classes, with a particular emphasis on derivatives trading. Through both market making and market taking, we execute millions of trades daily worldwide, ensuring liquidity and competitive pricing for market participants. While our market presence is extensive, our trading desks maintain specialized focus areas, allowing us to gain deep insights into the unique drivers of each asset class.
Frequently Asked Questions
What qualifications are required for the Quantitative Researcher role?
Candidates should have a PhD in a quantitative field such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research or Economics. Exceptional mathematical problem-solving skills and experience with in-depth research projects are also necessary.
Is prior experience in finance required for this role?
No, prior experience in finance is not a requirement. The role focuses on applying quantitative methods to solve complex problems and finance experience is not essential.
What does the typical lifecycle of a quant project look like?
A quant project starts with an idea that could come from various sources. The process involves investigating the idea using market data, identifying potential trading signals, backtesting with technologists, implementing the signal and continuously optimizing the strategy based on performance and feedback.
What kind of training and development does SIG provide?
SIG offers a comprehensive orientation program that includes an introduction to options pricing, exposure to proprietary data sets and practice with data analysis techniques. Continuous learning is supported through our trading floor environment, which encourages ongoing development and collaboration.
What skills are important for a successful Quantitative Researcher?
Key skills include strong mathematical problem-solving abilities, practical computing skills (with less emphasis on specific programming languages) and excellent communication skills for both understanding others and articulating ideas clearly.
What is the interview process like for this position?
The interview process consists of several stages: applying, completing online assessments, undergoing a recruiter interview, a technical interview, final round interviews and, if successful, receiving a job offer.
Does SIG provide relocation assistance or visa sponsorship?
Yes, SIG offers visa sponsorship and relocation packages where required, ensuring that candidates from different locations can join our team.
What are the benefits and compensation packages like at SIG?
SIG provides highly competitive remuneration, attractive bonuses, additional leave entitlements, private healthcare, gym allowances, wellness initiatives and daily meals. The company also offers regular social, sporting and community events.
How does SIG support career growth and development?
SIG’s non-hierarchical culture fosters an environment where employees at all levels can thrive and make a significant impact. Continuous professional development is supported through ongoing learning opportunities, mentorship and a collaborative workplace culture.
Peace Jenner Varde
