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Quantitative Portfolio Manager - Job Opportunity at Point72 - Cubist Systematic Strategies

New York, USA
Full-time
Senior
Posted: January 27, 2025
On-site
USD 200,000-300,000 per year

Benefits

Comprehensive benefits package including market-competitive healthcare
Performance-based discretionary bonus structure typical of quantitative hedge funds
Access to sophisticated trading infrastructure and proprietary data sources
Professional development opportunities in systematic trading

Key Responsibilities

Lead portfolio risk management through real-time and historical performance analysis
Oversee automated trading systems and transaction cost optimization
Manage and mentor a research and development team
Design and implement quantitative investment strategies using advanced mathematical modeling
Conduct data acquisition and integration from multiple sources
Develop and maintain algorithmic trading models
Perform ongoing quantitative research for strategy enhancement

Requirements

Education

Advanced degree (Masters or Ph.D.) in a computational or analytical field

Experience

Minimum of 10 years experience in quantitative model development

Required Skills

Quantitative modeling Portfolio risk management Statistical analysis Programming Financial markets knowledge Team leadership Research methodology Data analysis Backtesting Performance monitoring
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Sauge AI Market Intelligence

Industry Trends

The systematic trading sector is experiencing increased competition for talent as traditional asset managers expand their quantitative capabilities Machine learning and alternative data integration are becoming critical differentiators in systematic strategy development Market structure changes and increased electronic trading are creating new opportunities for systematic strategies

Salary Evaluation

The base salary range is competitive for senior quant roles in NYC, with total compensation likely reaching USD 500,000-1,500,000+ including bonus based on performance and market conditions

Role Significance

Typically manages 3-5 direct reports in a flat organizational structure common to systematic trading groups
Senior leadership position with direct impact on investment strategy and P&L responsibility

Key Projects

Development and implementation of new systematic trading strategies Enhancement of existing alpha models and risk management systems Infrastructure optimization for high-frequency trading capabilities Research into new asset classes and market opportunities

Success Factors

Deep understanding of statistical arbitrage and systematic trading strategies Ability to balance research innovation with practical implementation constraints Strong leadership skills in a highly technical environment Track record of successful strategy development and risk management

Market Demand

Very high demand with limited talent pool, particularly for candidates with both technical expertise and practical trading experience

Important Skills

Critical Skills

Advanced statistical modeling and machine learning expertise for alpha generation Deep understanding of market microstructure and trading costs Programming proficiency for strategy implementation Risk management and portfolio optimization capabilities

Beneficial Skills

Cloud computing and distributed systems knowledge Alternative data processing experience Market making and high-frequency trading expertise Cross-asset class trading experience

Unique Aspects

Access to Point72's extensive data and technology infrastructure
Integration of systematic strategies within larger multi-strategy framework
Opportunity to work with leading researchers and technologists in quantitative finance

Career Growth

Typical tenure in role is 3-5 years before advancement or entrepreneurial ventures

Potential Next Roles

Head of Systematic Trading Chief Investment Officer Hedge Fund Founder Head of Quantitative Research

Company Overview

Point72 - Cubist Systematic Strategies

Cubist is the systematic trading arm of Point72, one of the industry's leading multi-strategy hedge funds with significant technological and capital resources

Top-tier systematic trading operation with strong institutional backing and established track record
Strategically positioned in New York's financial hub with global trading capabilities
Fast-paced, research-driven environment emphasizing innovation and rigorous quantitative analysis
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