Quantitative Research & Trading

Quantitative Research & Trading

Selby Jennings: A leading specialist talent partner for Quantitative Research & Trading

Selby Jennings is a leading specialist talent partner for Financial Sciences & Services. Our global Quantsteam provides top-tier talent solutions for quant analysts, offering permanent, contract, and multi-hire options across three continents. With nearly two decades of experience and an unrivaled network, we excel in securing the brightest minds, from systematic traders and modelers to portfolio managers and risk analysts.

Our expertise goes beyond talent acquisition. We advise enterprises on streamlining processes, upskilling workforces, and staying cutting-edge with flexible working models. For quant professionals, we provide expert insight on benchmarking benefits packages, salaries, and guide them through career moves.

With accolades like winning 'Best Executive Search - Quant' in the European Quant Services Award 2021, we are committed to helping clients secure top quant talent. Whether you seek exceptional quantitative talent or are a quant professional on the lookout for new opportunities, Selby Jennings is here to connect you with industry-leading firms worldwide.

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Benefits of working with Selby Jennings’ global Quants team

We are a specialist talent partner. Among the many benefits of working with Selby Jennings’ global Quants team are:

20 years of experience

Extensive knowledge: Our global Quants team has nearly 20 years of experience in this niche sector

award-winning recruitment experts

Our award-winning talent experts offer guidance in the Quants space across three continent

Global recruitment team

Our Quants team places, on average, over 300 professionals globally each year

Recruiting for a portfolio of clients globally

An unrivaled growing portfolio of global clients, both big and small

Do not miss out on securing your desired Quants professionals or securing your next Quants professional role in a Quant's workforce.

Quantitative Research & Trading Jobs

Equity Quant Researcher

I am partnered with a growth stage Quant Equity Fund based in NY looking to hire experienced Equity Quant Researchers. The firm spun out of one of the top Equity groups on the street and has scaled up considerably in its first few years of trading. They are looking for experienced QRs who can either contribute to their central book, or have the ability/track record to manage their own sleeve of capital. Global equities are of interest, fully systematic, holding from hours to weeks. Candidates must have 3+ years of alpha research experience. A growth stage fund with excellent Sr. Leadership like this is a great way for many QRs to more direct contribution and compensation based off PnL. If you are interested in a lean collaborative environment like this please apply.

US$300000 - US$600000 per year
New York
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Quant EM Portfolio Manager

One of the top performing sub-groups within a leading multi-strat hedge fund is looking to expand in Emerging Markets. They are looking for an experienced Quant Portfolio Manager to leading the design, development and implementation of systematic strategies in Emerging Markets within this build-out. Specifically they are targeting someone with at least a 2 year track record producing $10mm+ PnL with above a 1.5 Sharpe ratio. This hire will have the bandwidth to hire and built out a team, or remain more independent and will be able to leverage the existing platform as they see fit. Interested candidates are invited to submit their resume, cover letter, and any relevant material.

US$400000 - US$1000000 per year
New York
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Quantitative Developer - Index Rebal

Multi Strat Hedge Fund New York City $400,000 - $650,000 Total compensation A senior portfolio manager with an excellent track record trading equities with a systematic index rebal approach is looking for a quantitative developer to join a team. The team consist of four members including the PM, a senior analyst and two researchers. This team operates like a start-up business unit inside the hedge fund and has a technology first culture. They are made up of industry leading Quant Developers and Researchers who are building complex systems and models to better understand and predict Equities markets. In this role, the quantitative developer will be reporting directly to the PM and will be tasked with designing and developing rapid tools in Python that will be crucial for analysis, research, trading, and risk management purposes. This role also has the option to transition into a quantitative research position, if that was something the candidate is interested in! Requirements 3+ years' experience working directly on trading strategies across any asset class Understanding of index rebal strategies Strong programming skills Python STEM degree from top university (MS or PhD is preferred but not a must)

US$400000 - US$650000 per year
New York
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Quantitative Developer

Title: Quantitative Developer Salary: $250,000 - $300,000 total compensation Summary: The Quantitative Strategies Group at a Tier 1 Multi-Manager Firm is looking to bring on a Quantitative Developer to their flat-structured, collaborative team to work directly alongside the Head of the QSG as well as the Head of the Trade Technology Development. Responsibilities: Build quantitative infrastructure for generating alpha, constructing portfolios, and executing algorithmic trading strategies. Design and develop proprietary trading systems, collaborating closely with Traders and Researchers to create and refine new strategies. Implement and oversee CI/CD pipelines, ensuring smooth and efficient integration and deployment of code. Qualifications: Strong proficiency in Python and Java/C++/C. 2-5 years hand-on experience building quantitative infrastructure and trading systems. Advanced degree in Computer Science, Engineering, Statistics or in other quantitative fields. Proven expertise in implementing and managing CI/CD pipelines, ensuring seamless integration and deployment of code in a fast-paced development environment is non-negotiable.

US$250000 - US$300000 per year
United States of America
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C++ Quantitative Developer

Selby Jennings is working with a leading Proprietary Trading firm. They empower exceptional talents in Mathematics, Physics, and Computer Science to seek scientific boundaries, push through them, and apply cutting edge research to global financial markets. Their culture is unique. Constant innovation requires fearlessness, creativity, intellectual honesty, and a relentless competitive streak. They believe in winning together and unlocking unique individual talent through collaboration and mutual respect. At this firm, research outcomes drive more than superior risk adjusted returns. We design, develop, and deploy technologies that change our world, fund start-ups across industries, and partner with leading global research organizations and universities to solve problems. Core Development is a global team of technologists who architect, build and maintain their world-class trading platform. From optimizing their core trading engine to building custom hardware, they leverage software & hardware engineering, data science and research, to deliver the infrastructure and tools that drive our trading and business needs. What You'll Do: We are looking to add a talented Software Engineer/Quant Developer to their Core Development team, which is responsible for designing, developing and maintaining their Algorithmic Trading Platform. They will be focused on C++ functionality, and will be responsible for creating and optimizing scalable, multi-tiered applications and infrastructure. We are looking for someone who will be able to solve difficult technical problems in a fast-paced and energetic environment. This may include other duties as assigned or needed. Skills You'll Need: At least 4+ years of computer programming skills using C++ in a Linux environment Strong understanding of computer systems e.g. operating systems, networks, performance optimization, etc Experience in Object-Oriented design and multi threaded programming Experience in creating/supporting cross-platform multi threaded applications Strong analytical and problem solving skills Ideally some experience in developing low latency systems Bachelor's degree in Computer Science, Computer Engineering or related field Reliable and predictable availability

US$200000 - US$500000 per year
New York
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Senior Regulatory Specialist

Role: Regulatory Reporting Specialist Location: Amsterdam Package: Competitive base Reporting To: Finance Director/CFO Working model: On-site The office is at the forefront of everyday European trading events and has the feel of a small start-up with the benefits of being part of one of the leading quantitative trading firms in the world. As a Regulatory Reporting Specialist within a global finance organization, you will play a crucial role in ensuring our adherence to all relevant European regulatory requirements and standards. The role involves timely and accurate submission of our European regulatory reports and annual audited financial statements and working within Finance department to enhance our regulatory framework. In this role, you will also collaborate closely with other members of accounting, treasury, tax, compliance, risk, clearing, and other back-office support functions and provide insights to support our decision-making process. This role is based out of our Amsterdam office with an expectation to work in the office. What you'll do: Regulatory reporting * Prepare and submit accurate and timely regulatory reports including COREP, FINREP, MSR, MESREP. * Produce various annual filings such as ICAAP document, Recovery and resolution plan, and Pillar 3. * Prepare policy/procedure documentation in relation to Regulatory reporting including interpretations of new regulations. * Assist in any ad-hoc requests from regulators. * Ensure timely, accurate completion of related special project/analysis work and other ad hoc tasks as requested of direct manager, controller, and/or CFO. * Review and distribute of daily capital and liquidity metrics to key stakeholders (i.e. Proforma Report). * Participate in cross-functional projects to enhance regulatory compliance and financial reporting processes. * Work in partnership with the business with respect to new products/business onboarding. * Provide regulatory guidance and support to other departments. * Develop robust improvements and controls within the regulatory reporting environment. Statutory Accounting * Assist with the preparation of Annual Statutory Accounts for our European trading entity, including compliance with each applicable local GAAP standards. * Support month end and year end close processes. * Other duties as assigned or needed. Skills you'll need: * 5+ years of work experience in the preparation of regulatory returns. * Knowledge of CRD IV and Investment Firm Regime. * Experience of production of COREP/FINREP reports. * Bachelor's degree in accounting or a related field is required (CPA or international equivalent, preferred). * Ability to multitask and prioritize multiple projects in a fast-paced environment. * Flexible, conscientious, and easily adaptable to constant change. * Professional demeanor and ability to use discretion when working with confidential material. Are you a highly organized, strong communicator, with a passion for our industry? Do you have a naturally analytical mind and intellectual curiosity that pushes you to reach your fullest potential? We require an individual with strong technical skills and a desire to join a fast paced, collaborative team environment.

Negotiable
Amsterdam
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Index Rebalance Quant Researcher

A tenured Index Rebal Portfolio Manager is actively looking to fill additional head count within their team. The group is located in NYC and looking for an strong quant from either an Index Rebal background on the buy side or Program Trading experience on a sell side desk. This is a great opportunity to work collaboratively with like minded individuals, at a premier hedge fund, on generating profitable systematic trading strategies in the space. Requirements 3+ years experience in index rebal strategy development or program trading Strong understanding of equities and futures markets Strong programming skills (Python, C++, etc.) STEM degree from top university (MS or PhD is preferred)

US$250000 - US$750000 per year
New York
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Director ML Quantitative Strategist

I am working with an established fintech firm that is looking to hire a Director to their team in NY. They are looking for an individual with at least a decade worth of experience in finance or technology that is interested in applying their industry knowledge in various ways. Specifically, this person would need a deep understanding of fixed income markets, experience working with or alongside a trading desk, and a background in machine learning. You would have the opportunity to wear multiple hats in this role while helping to develop proprietary algorithms and ML models for the business. If you are interested in joining an academic group of individuals with diverse backgrounds and skillets within an organization that fosters entrepreneurial and collaborative environment, please apply to the below role or reach out to discuss more information. Responsibilities: Develop proprietary FI models and analytics from scratch utilizing machine learning. Develop tools to advance trading functionality in researching and wrangling large data sets. Collaborate with other groups in the organization and provide data-driven insights. Requirements: Undergraduate or Graduate degree in a Quantitative discipline 10+ years of experience in quantitative finance or technology developing models and analytics Applied experience working in fixed income market Python proficiency

US$300000 - US$550000 per year
New York
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Associate Director ABS Quant

Title: Associate Director ABS Quant Salary: $225,000 + Total Compensation A top tier global investment bank is currently building out their ABS trading desk and looking to make the very first quant hire to support the desk. The ideal candidate will join as an Associate Director and have a deep product knowledge of ABS & MBS modeling skills. This is an amazing opportunity that embodies entrepreneurship and ownership as you will be joining a team that is in the midst of a greenfield build out. Proficiency in C++ is a must. Qualifications: Advanced degree in a quantitative field 2+ years of experience in ABS and/or MBS modeling Knowledge of Auto Loans and Credit Cards, also open to other esoterics as well Expert in C++ Work well in fast-paced environment and communicate with the trading desk Responsibilities: Develop models for ABS, MBS products Develop reliable & robust front office analytics for hedging, pricing, risk management and P&L attribution Work closely and communicate daily with traders and the trading desk Provide daily quantitative support to the desk and broader business

US$225000 - US$350000 per year
New York
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LNG Trading Analyst (Python)

Job Title: LNG Trading Analyst Location: Aarhus, Denmark (Possibility of Remote) Company Overview: Our client is a leading energy trading firm specializing in LNG (Liquefied Natural Gas) trading. We are committed to delivering innovative energy solutions while maintaining a strong focus on sustainability and market excellence. Position Overview: We are seeking a highly motivated and detail-oriented individual with a minimum of 3 years of experience to join our team as an LNG Trading Analyst. The ideal candidate will possess a strong analytical mindset, excellent communication skills, and a deep understanding of the LNG market dynamics, including US and continental gas markets. Knowledge of Python programming language is considered an advantage. Responsibilities: Analyze market trends, supply-demand dynamics, and pricing structures in the global LNG market, with a specific focus on US and continental gas markets. Develop and maintain models to forecast LNG supply, demand, and pricing movements. Conduct quantitative analysis to identify trading opportunities and optimize trading strategies. Collaborate with traders and other team members to execute trading decisions effectively. Monitor and evaluate the performance of LNG trades and positions. Stay abreast of regulatory changes, geopolitical developments, and industry news affecting the LNG market. Prepare reports, presentations, and market updates for internal stakeholders and clients. Provide insights and recommendations to senior management based on market analysis and research. Qualifications: Bachelor's or Master's degree in Finance, Economics, Engineering, or a related field. Minimum of 3 years of experience in energy trading, preferably in the LNG market, with specific knowledge of US and continental gas markets. Strong analytical skills with proficiency in data analysis and modeling. Familiarity with programming languages such as Python is an advantage. Excellent communication and interpersonal skills. Ability to work independently and collaboratively in a fast-paced environment. Attention to detail and ability to handle multiple tasks simultaneously. Strong commitment to integrity, professionalism, and continuous learning. Benefits: Competitive salary and performance-based bonuses. Comprehensive benefits package, including health insurance and retirement plans. Opportunities for career growth and advancement within the company. Flexible work arrangements, including the possibility of remote work. Dynamic and collaborative work environment with a diverse team of professionals. Application Process: Interested candidates are encouraged to submit their resume along with a cover letter outlining their qualifications and interest in the position. Please include any relevant experience in energy trading, specifically in the LNG market and US and continental gas markets, as well as proficiency in programming languages. We thank all applicants for their interest; however, only those selected for an interview will be contacted. Our client is an equal opportunity employer committed to diversity and inclusion in the workplace. We encourage applications from individuals of all backgrounds and experiences.

Negotiable
Aarhus
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VP Interest Rate Quant

A leading global investment bank is actively seeking an Interest Rate Curve Quant to join their team in New York. This is off the bank end of a strong performance in 2023 and they just got approvals to grow the team. This hire would sit in a team that supports front office pricing, modeling and analytics for the trading desks across multiple asset classes including interest rates , FX, Credit, and commodities. In addition, this group is led by two directors who are eager to leverage years worth of tenured industry experience. Key responsibilities: Develop interest rate curves and linear rates pricing models and analytics Develop tools and analytics for hedging, PnL explains, and risk management Directly support interest rate traders and collaborate with the broader fixed income quant team, technology and risk. Ideal Candidate: Masters or PhD in a quantitative discipline (i.e. math, stats, physics) 3+ years of experience supporting FICC quant team/trading desk 3+ years of professional experience with C++ is required

US$200000 - US$250000 per year
New York
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Fixed Income Algo Quant Strat

Fixed Income Algo Quant Strat A tier 1 fixed income trading team in NYC is seeking a Fixed Income Algo Quant Strat to join the business. This is an excellent opportunity to work directly with the highly successful fixed income eTrading and Algo trading desks. The ideal profile will Java programming proficiency, but also strong business and market acumen to interface with the traders on a daily basis. Required Skills: - Experience supporting IR, credit or corporate bonds algo/eTrading desks - Market making skills required, including understanding RFQ protocols and other system configurations. - 3+ years of industry experience - Java programming proficiency - Strong traditional quant modeling/development skills

US$300000 - US$450000 per year
New York
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Quants News & Insights

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Key Insights & Takeaways from QuantMinds 2023

​​Selby Jennings' talent acquisition experts from Europe, the USA, and Asia attended QuantMinds 2023 in London in November - the world's leading quant finance event. Alex Morris, Vice President - Quantitative Analytics at Selby Jennings Europe, shares his key takeaways from the event, including current and future market trends and their impacts on hiring.What trends have you seen and heard about at QuantMinds that will continue to have an impact in the coming year?QuantMinds, as always, was an excellent chance for some of the very best in the industry to discuss the latest advancements. Machine learning, volatility, portfolio optimisation and more were discussed at length. I think it was a trickier year than expected for the majority of investment banks. What happened to big players such as Credit Suisse earlier in the year had a large shock effect on the market. We’re still waiting to see the full implications, but as a result, most investment banks are still finalising their hiring plans for next year. Larger hedge funds and prop shops, however, have relied on diversification to continue growing in both headcount and AUM. They are getting increasingly better at identifying markets from which to gain additional market share. We’ve seen buy side firms branching into new frequencies, strategies, and asset classes. On the whole, there are ambitious growth plans for 2024. What is the impact and potential of artificial intelligence and machine learning in finance?Machine learning has been one of the hottest topics discussed at QuantMinds over the past couple of years. Speakers have discussed its utilisation for a wide range of projects. Its potential can be harnessed for automating BAU processes, derivative pricing and alpha generating strategies.What was more hotly debated this year, however, was the governance processes that will need to be introduced simultaneously. Machine learning can sometimes result in undesirable outcomes, and many in the industry are asking to which degree a human overlay should be needed. What are some of the biggest challenges companies are facing when hiring talent in quants?Securing top talent in the quant space is getting increasingly competitive. It’s an incredibly candidate-driven market and firms will do everything they can to retain their employees. Compensation packages are amongst the most competitive in the industry, non-compete periods can be in excess of 12 months, and counter offers are made for almost every candidate. It was pleasing to hear that improving diversity within teams remains a big priority for most of the hiring managers that attended. It of course can be tougher within the quant space than other areas, but examples of effective initiatives are ensuring a diverse interview panel, using non-biased job advertisements, and creating an empathy-driven culture to attract and retain a diverse workforce. What are your key takeaways for hiring managers from this year's QuantMinds conference?With the diversification plans, as touched upon previously, competition for talent within certain markets is becoming increasingly fierce. More firms are now competing for the same revenue generating candidates, and thus it’s important to do everything possible throughout interview processes to get alpha generators onboard. In order to make yourselves as attractive as possible to candidates, ensure to lean on your talent partner for guidance. They can offer insight into how you’re perceived in the market, how competitive your compensation structure is, and for each candidate can tune into the specific motivational factors impacting a decision.Looking to hire? Are you looking to hire the best talent in financial sciences & services? Contact Alex Morris for more information, or request a call back and our experts will get in touch with you. ​ ​

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Quantitative Analytics Salary Guide Europe 2023

​In Europe’s financial services sector, there’s a consistent demand for professionals in Quantitative Analytics, Research & Trading. Requirements for professionals across front and back office, covering the entire lifecycle from coding and validation to derivative pricing and automating functions, is astronomically high.Having guidance on salary and industry trends is crucial for hiring managers and professionals alike. Our latest salary guide offers in-depth information on compensation, broken down by job roles and experience levels. Don’t miss these essential insights - download your copy of the Selby Jennings Quantitative Analytics Salary Guide Europe 2023 here:​ ​

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The Great Return: From Crypto Back to Traditional Finance

In recent years, the financial world has been rocked by the meteoric rise of cryptocurrencies. A lot of talented quants and traders, attracted to crypto's volatile prices and potentially massive returns, shifted their attention away from traditional markets and dove headfirst into crypto native funds. However, the tides seem to be shifting once again, and there's a noticeable migration back to the world of traditional finance. Why? Let's delve deeper.The Similarities in Pricing EnginesFor those who might not be well-versed in the intricacies of the financial world, pricing engines are essential tools used by traders to make quick buy or sell decisions based on a myriad of variables. These engines are especially vital in areas such as electronic FX (foreign exchange) trading.Interestingly, many of the pricing engines used in electronic FX trading are quite similar to those employed in the crypto market. This makes the transition between the two markets relatively seamless for quants and traders, so when the dynamic crypto market turns, the familiarity with traditional finance pricing engines might draw them back.The Volatility of the Crypto MarketWhile volatility can be profitable for traders, it can also be perilous. The crypto market, in particular, is known for its extreme fluctuations, sometimes swinging by double-digit percentages in a single day. This kind of uncertainty can be exhilarating for some, but draining for others. The fatigue from such intense volatility might be one of the reasons driving traders back to the more stable, albeit less exciting, realm of traditional finance.Regulatory ConcernsThe crypto world has always existed in a kind of regulatory gray area. As governments and financial institutions around the world grapple with how to classify and regulate cryptocurrencies, traders and funds operating in this space are constantly on their toes. This regulatory unpredictability can be a significant source of risk and stress, making traditional markets with established regulations appear more attractive.The Quest for StabilityDespite the potential for massive profits in the crypto world, the allure of stability and a steady paycheck can be tempting. Traditional finance, with its established institutions, regular trading hours, and relatively predictable market movements, offers a level of security that the 24/7 rollercoaster of crypto trading might not.Broader Market DynamicsWhile the crypto market offers a limited (though growing) number of assets to trade, traditional markets, including FX, commodities, equities, and bonds, provide a diverse array of opportunities. This breadth can be appealing for traders looking to diversify their strategies and risk profiles.It's essential to recognize that while there's a noted shift of quants and traders moving back to traditional finance, this doesn't signify the decline or dismissal of cryptocurrencies. The crypto market is still young, evolving, and undeniably influential. However, this migration underscores the enduring appeal and resilience of traditional financial markets. As the landscape of global finance continues to evolve, it will be fascinating to see how these migrations and intersections between the old and new financial worlds shape the future.If you're a firm or individual looking to harness the expertise of quants professionals, especially during these dynamic times, we have the right resources for you. Toby Hill, our seasoned expert in matching financial talent with demanding roles, is at your service. To get started and discuss your requirements, please request a call back by completing the form below.Request a Call Back

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The Real Alpha: Unleashing Talent in Quantitative Finance Hiring

​Demand for Quantitative Analytics, Research & Trading professionals is always increasing in the financial services industry. It can be a challenge for hiring managers without the right talent partner to attract and retain the best Quants, meaning having guidance on salary and industry trends is crucial in getting the right workforce in place for the years ahead.Similarly, professionals with the right skills and expertise in Quantitative Analytics, Research & Trading can find themselves in a position of too much choice, with a wide range of attractive opportunities all vying for them, meaning many professionals are curious about whether their salaries and bonuses match their peers.Discover talent challenges and opportunities across Quantitative Analytics, Research & Trading, which includes insights on: A comprehensive overview of the Quants space Strategies for successful hiring of QuantsSalary overviews for the US, Europe, and APACA bonus chapter on women in Quants Key takeaways for those hiring and professionals considering their next move Download ‘The Real Alpha’ now. ​

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Expanding Quants Talent in the UK

The United Kingdom's status as a global financial hub relies on its ability to attract and develop top talent in the field of Quantitative Finance, commonly known as Quants. As the financial industry becomes increasingly data-driven and technology-centric, the demand for skilled Quants professionals continues to rise. Expanding the Quants talent pool in the UK is not only crucial for maintaining the country's competitive edge but also for driving innovation and economic growth. In this article, we will explore the importance of expanding Quants talent in the UK and discuss strategies to achieve this goal.Strengthening Academic ProgramsOne of the primary avenues for expanding Quants talent in the UK is through strengthening academic programs. Collaborations between universities, industry practitioners, and regulatory bodies can help design and update curricula that align with the evolving needs of the finance industry. This involves integrating courses on advanced mathematics, statistical modeling, computer science, and financial theory to provide students with a comprehensive skill set required in the Quants field.Additionally, universities can establish partnerships with financial institutions to offer internships, apprenticeships, and research opportunities. Such programs provide students with practical exposure to real-world financial scenarios, fostering a seamless transition from academia to the industry. By enhancing the quality and relevance of academic programs, the UK can produce a steady stream of highly skilled quants professionals.Promoting Continuous Professional DevelopmentExpanding Quants talent in the UK also necessitates a focus on continuous professional development. The fast-paced nature of the finance industry demands that Quants professionals stay updated with the latest methodologies, technologies, and regulatory changes. Encouraging and supporting ongoing learning and professional certifications ensures that existing Quants talent remains relevant and adaptable.Financial institutions and industry organizations can play a pivotal role in this regard by offering training programs, workshops, and conferences tailored to the specific needs of Quants professionals. Collaborative initiatives between industry leaders, professional bodies, and academic institutions can provide access to cutting-edge research, industry insights, and networking opportunities, creating a culture of lifelong learning and growth.Fostering Industry-Academia PartnershipsStrong partnerships between the finance industry and academic institutions are essential for expanding Quants talent in the UK. Financial institutions can contribute to curriculum design, offer guest lectures, and provide industry projects or case studies that allow students to apply their knowledge in real-world scenarios. Simultaneously, universities can establish career centers, organize job fairs, and facilitate networking events that connect students with potential employers in the finance industry.Collaborative research programs between academia and industry can also drive innovation in the field of Quantitative Finance. By bridging the gap between theoretical research and practical application, these initiatives can yield valuable insights and advance the state-of-the-art in Quants methodologies.Encouraging Diversity and InclusionExpanding Quants talent in the UK should prioritize diversity and inclusion. Historically, the finance industry has faced challenges in achieving gender and ethnic diversity in Quants roles. To address this, efforts should be made to eliminate unconscious biases and promote equal opportunities for underrepresented groups.Financial institutions can implement diversity initiatives, such as mentorship programs and scholarships, to attract a diverse pool of talent. Collaboration with professional organizations focused on diversity in finance can also provide networking opportunities and support systems for individuals from underrepresented backgrounds. By embracing diversity and inclusion, the UK can unlock a wider range of perspectives and experiences, leading to enhanced innovation and problem-solving within the Quants field.Partner with Selby Jennings to Unlock the Potential of Quants Talent ExpansionExpanding the Quants talent pool in the UK is crucial for driving innovation and maintaining a competitive edge in the finance industry. By partnering with Selby Jennings, a trusted talent consultancy specializing in the financial sector, organizations can access our extensive network, industry expertise, and tailored hiring strategies. At Selby Jennings, we understand the unique needs of the finance industry and can identify and attract top Quants professionals who align with your organizational objectives. To unlock the potential of Quants talent expansion, request a call back today and take the first step towards securing the niche talent available.

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How the AVP of Selby Jennings supports diversity in Quants

Konza Akhtar has seen many countries in her life. She was born in Pakistan and grew up in Hong Kong, then pursued her master’s degree in psychology in the UK. It was in London that she realized she loved working with people and joined Phaidon International as one of the first post-Covid hires. At Selby Jennings, Konza found a surprising use for her psychology degree in talent search. Two and a half years on the job, she is now moving into her first management role as Associate Vice President, specializing in placing Quants professionals in the research & trading, portfolio management and buyside/hedge fund space.What are you proudest of in your career?“I’m really proud of being a market specialist, and consulting senior quantitative portfolio managers in the hedge fund space. Sometimes, these professionals appear in the news, so being able to work with them and gain their trust and respect is what I am most proud of.” Why do you think it’s important to celebrate International Women’s Day, especially in the workplace?“I think it is very important to have a day like International Women’s Day that acknowledges what women have faced in the workplace, as some of the barriers we deal with are different compared to others. International Women’s Day starts conversations, and conversations are the first step in making changes. “I attended the International Women’s Day celebrations last year at Phaidon International and felt the day was exceptional. The panels that were held felt like a safe space to share struggles and it was great to see the organization acknowledge it as well and appreciate the day. There have been so many changes since then, such as the Future Female Leaders Program and the Women In Sales awards, as well as developments across brands. We know and feel Phaidon International cares and is addressing the challenges we face as women.”How do you encourage gender diversity internally in your brand? “I’ve noticed that I’m starting to raise awareness in meetings, educating others on struggles they may not have considered. Addressing it first is a big step. “I also support when we’re interviewing consultants to come work for Selby Jennings. If we’re hiring a female candidate, I think it’s important that they can see someone like them in the business already, demonstrating to them that we have fostered a workplace that is diverse and that anyone can succeed. “When we see others being successful, it shows that it is possible, so I hope I’m a proven point of success and an example to other women.”How do you encourage gender diversity in your sector?“At QuantMinds International 2022, I took part in a panel on diversity, and I was so impressed with the number of people that turned up from leading banks that were freely speaking about diversity and the struggle they find in sourcing diverse talent. Being able to contribute to that discussion was amazing. I provided context guidance, advice and afterwards I had attendees coming to me asking for solutions. I want to continue to be part of these conversations and help wherever possible to improve the situation.”What advice would you give your younger self?“I’d tell my younger self that it’s okay to not have everything all sorted out. You might not be married by a certain age, or have a house or kids. You’ll probably feel younger than you are and you might never really know how to adult, or it may feel like that! There are no rules and you don’t have to do anything you don’t want. I wish I was able to have been unapologetically myself, so don’t let comments get to you. If you have been called too direct or too punchy, don’t internalize it, just continue to be yourself.”For more interviews with the inspiring women at Phaidon International, please visit our hub here.

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The Future of Quants

​​Interested in how to attract, retain and promote quantitative talent? Or keen to find out as a Quants professional whether your pay matches your peers?Quantitative expertise in financial services is a highly sought-after skill, and there is no doubt that the job markets for Quants is going from strength to strength.Naturally, many professionals are curious about whether their salaries and bonuses match their peers. For hiring managers grappling to stay competitive to attract and retain talent, having guidance on salary and industry trends is crucial in getting the right workforce in place for the years ahead.Discover the latest report on ‘The Future of Quants’, covering the talent challenges and opportunities across quantitative research & trading, which includes insights on:The 5 hot trends in Quants to know about10 key strategies to retain Quant talent​Salary & bonus guidance across the US, Europe & APAC​​Download your copy by completing the form below:​

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Quants Global Market Report 2021

​With an extremely active hiring market and an increase in demand for specialist talent, our Quants Recruitment team has produced a Global Market Report 2021 to share key insights and trends from across the industry.​This market report discusses insights on:• Execution strat’s and High-Frequency Trading• The continued growth of Systematic Fixed Income Trading• How Quant firms are diversifying their business mix• The growth of digital assets• Geographic trends• Compensation reports​Complete the form below to download the full report:

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What Should We Be Teaching the Next Generation of Quants?

​​Oliver Cooke, Managing Director of North America, has been invited to QuantMinds Americas to moderate the much-anticipated panel, “What should we be teaching the next generation of quants?” The panel will discuss the future of quant talent and skills, as well as exploring how quant modeling compares across different sectors. Looking ahead to the event, Cooke shares some key themes that he looks forward to hearing more about from the esteemed panel. Quantitative finance has evolved dramatically in the last 30 years. Quants have gone from a group of individuals operating in a think-tank style environment, fairly separate from the front-office, to being a key extension of any trading desk, client-facing and the most sought after talent in the market. One of the key developments that came out of QuantMinds International in Vienna, this past May, was how ubiquitous machine learning and AI techniques have become in any quant's day-to-day. Although many of these techniques have been around for decades, they are now have become more mainstream. There are even examples of applying AI techniques to more traditional quantitative problems such as option pricing. It’s clear that any up-and-coming quant should be educating themselves and actively practicing machine learning and AI techniques as they will only become more relevant in the future.The rise of the 'Quantitative strategist' (or 'strat') was pioneered by the likes of Goldman Sachs and Morgan Stanley more than 15 years ago. Almost every bank now has a quant 'strat' team or has that model as part of their entire approach to quantitative support. What does that mean? That quants are a true extension of the trading desk. That they need to have a high level of quantitative skill, alongside computer science ability, topped off with true business understanding and soft skills to work with the trading desk to implement their solutions. Having both technical and soft skills is becoming essential in order to be a top quant in the industry. Finally, quants have the opportunity to help firms solve wider business challenges through the use of data and analytics. We are lucky enough to have an amazing, world-class panel of practitioners joining us for panel discussion at QuantMinds Americas. In particular, Afsheen Afshar and Shimon Senderowitz have been at major organizations such as Goldman Sachs, JP Morgan and Blackrock. In these groups, they have been using quantitative and data science techniques to solve key business challenges. This shows the wider impact quants can have both within finance and beyond, solving organizational challenges, talent challenges, efficiency and operational challenges. This means that the options for up and coming quants to apply their skillset in different ways is vast and will only become bigger in the future. QuantMinds Americas will bring together experts from banks, investment managers, regulators, Silicon Valley, academia and beyond, to learn, network and share expertise on the future of the quant industry. Attendees will hear about the latest breakthrough research, as well as the biggest issues facing the industry, from some of the world’s most revered quant thought-leaders.Registration for both QuantMinds Americas, and the co-located RiskMinds Americas is now open. Click below, and enjoy an exclusive 15% discount on your registration for either event. ​-----------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries. Contact us to find out how Selby Jennings can help you.

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The Growth of Quants in Investment Banks Image
quantitative-research-and-trading

The Growth of Quants in Investment Banks

​Picture an investment bank drawn in a ‘Where’s Waldo?’ style. You’ve got traders, finance, the legal team and management; human resources and an IT team hammering away at their keyboards. Where would you expect to find quantitative analysts (quants)?Ten years ago, quants would have been tucked away on trading desks, inputting data into Excel spreadsheets and working through it manually to uncover patterns and statistics. Their findings would help traders to confirm the right price and most promising investment options.Skip forwards a decade and the role of the quant has changed substantially. For the most part, they are now incorporated into risk management teams, instead of being on a trading desk. There are more of them, they are a more diverse group and they use new tools to carry out different tasks. They are in considerable demand and much valued by financial organizations. What brought about this change?Why are there more quants?The last decade has seen a breath-taking speed of technological development. Analytic software combined with increased opportunities to gather data have led to Big Data: more information, collected more quickly. There are sophisticated tools to integrate, sort and process this data into state-of-the-art models.Electronic modeling now means that trading can be carried out by computers, based on an algorithm calculation of the most favorable moment to buy and sell. If algorithms are often the brawn behind hedge funds, investment banks, asset management services and private equity firms, quants are the brains: they program the algorithms that make the system work.Quants are also used more and more in the business of risk, helping to calculate probabilities and statistics using advanced modeling. This enables risk management teams to keep on the right side of an increasing volume of laws and procedures needed to manage risks appropriately.There are now many more quants employed in this reformulated role, shifting from revenue generation to risk management. Banks require quants for a range of functions including the valuation aspects of derivatives and pricing.A more diverse quant workforceAnother notable change in the last decade is the increasing diversity of the quant workforce. Although this STEM-related field used to be dominated by men from a similar background, intake is now much broader and includes many women. Female quants talent is much in demand by banks seeking to improve the diversity of their teams.As with other STEM areas, fewer women studying related subjects such as Math and Physics means this female talent is hard to find. When female quants are recruited to firms, employers have an additional incentive to keep them motivated and committed to the role, in an effort to retain this highly sought after talent.The use of models and tools: a systematic or discretionary approach?The development of algorithms, machine learning and related tools has transformed the nature of quantitative analysis. Quants need to ensure that data is interpreted and presented in the best possible way, but there is very little inputting and processing done through human labor any more.This has led to a divergence of opinion in the best way to approach investment decisions. As Leda Braga, a high-flying quant known as the ‘Queen of Quants’ has said, trading is now dominated by two approaches to decision-making: systematic and discretionary.A discretionary approach to trading is based on the trader’s own thought processes and decision-making skills. Systematic trading uses technology to indicate the best investment strategies, using algorithms to process reams of data. Quants are essential to the systematic approach, which is gaining in popularity.However, the discretionary approach is still very common, particularly because people tend to respond more vehemently to an error made by an algorithm than an error made by a human. As Braga observes: “We scrutinize the algos with a lot less tolerance than we scrutinize human action.”What does it take to be a good quant?To be successful as a quant, strong analytical skills are a must. Most professionals have advanced computer programming abilities, typically using SQL for database management and perhaps an object-oriented language such as Python or R to clean, sort and process data.Quants usually have advanced degrees in a STEM subject, such as computer science, mathematics or physics. A PhD in one of these subjects is common.  There is also increasing popularity of financial engineering master’s degrees such as financial engineering or quantitative/mathematical finance.Could your team benefit from having a quant on board? Emailinfo@selbyjennings.comto learn more about what they could do for your business. ------------About UsSelby Jennings is a leading specialist recruitment agency for banking and financial services. For more than 15 years, we have given clients and candidates peace of mind that the recruitment process is in expert hands. Our continual investment in best-in-class technologies and consultant training enables us to recruit with speed, precision and accuracy. Today, Selby Jennings provides contingency and retained search recruitment across 11 offices in 6 countries. Contact us to find out how Selby Jennings can help you.

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