{"id":2056808,"url":"https://alion.io/job/millennium-management-quant-researcherdata-scientist-volatility-alpha-technology","title":"Quant Researcher/Data Scientist - Volatility Alpha Technology","company":{"id":704283,"name":"Millennium Management","domain":"mlp.com","url":"https://alion.io/company/millennium-management","size_band":"11-50","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Eightfold","truth_index":{"grade":"A","score":86,"open_postings":66,"ghost_share":0,"stale_share":0.348,"repost_share":0,"time_to_fill_p50_days":90,"computed_at":"2026-10-17T05:46:00Z"}},"role":"Data Science","role_family":"Data Science","seniority":"middle","employment_type":null,"work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["New York, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":175000,"max":250000,"currency":"USD","period":"year","gross":null,"usd_annual":250000},"salary_estimate":null,"experience_years_min":3,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"C++","optional":false},{"name":"Machine Learning","optional":false},{"name":"MATLAB","optional":false},{"name":"Python","optional":false},{"name":"Volatility","optional":false}],"status":"live","first_seen_at":"2026-10-06T00:00:00Z","employer_posted_date":"2026-10-07","last_verified_at":"2026-10-18T20:24:42Z","board_verified":true,"closed_at":null,"days_open":12,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":12},"description":"Quant Researcher/Data Scientist - Volatility Alpha TechnologyAbout Millennium\nMillennium is a global, diversified alternative investment firm, founded in 1989. Defined by evolution, innovation and focus, Millennium’s mission is to deliver results for our investors.\nOur people are empowered with both independence and support: the autonomy to pursue ideas with conviction and the backing of a global network committed to collaboration, disciplined risk management and continuous learning. With opportunities to deepen expertise and accelerate development, talent at Millennium is equipped to adapt, evolve and build lasting impact over time. Discover how transformative growth accelerates impact.\nMeet the Team\nThe Information Technology department is core to the health and growth of Millennium’s active, multi-manager business model, developing flexible, scalable technology and advanced proprietary systems that support next-generation analytical and trading capabilities.\nThe Volatility Alpha Development team is the core quantitative and strategy group supporting Millennium’s global volatility business. The team builds and maintains systematic options datasets, backtesting infrastructure, event volatility models, and live systematic volatility-fitting frameworks. Working at the intersection of quantitative research and real-world investment processes, the team supports Portfolio Managers across global volatility strategies.\nWhat You'll Do\nConduct quantitative research on market volatility, including volatility surface fitting, systematic options P&L dataset generation, event volatility analysis, alternative data research, AI-based hypothesis testing, and backtesting platform development.\nResearch global systematic options markets, including single-stock versus index spreads and bespoke ETFs, to develop datasets and prototype strategies that support alpha-focused investment processes.\nCombine financial intuition with statistical learning techniques to develop predictive models for use in the investment process.\nBuild robust quantitative research infrastructure and systematic datasets for global options and volatility markets.\nPartner with Senior Portfolio Managers to integrate Volatility Alpha Development datasets into investment strategies and risk-management workflows.\nContribute to prototype alpha strategy development across the Volatility Alpha Development platform.\nWhat You Bring\nMaster’s degree or PhD in a quantitative STEM field, such as Physics, Mathematics, Statistics, Engineering, or Operations Research.\nAt least three years of experience in investment management or a quantitative research environment.\nStrong programming skills in Python, R, MATLAB, or C++\n Deep knowledge of financial markets, particularly options and derivatives.\nExperience with machine learning, statistical modeling, and data visualization.\nExperience across Equity, Commodities, Foreign Exchange, or Interest Rates markets.\nExcellent analytical, problem-solving, and communication skills.\nMillennium offers a total compensation package which includes a base salary, discretionary performance bonus, and comprehensive benefits. The estimated base salary range for this position is $175,000 to $250,000, which is specific to New York City and may change in the future. When finalizing an offer, we take into consideration an individual’s experience level and the qualifications they bring to the role to formulate a competitive total compensation package.","description_format":"text","description_chars":3472,"description_truncated":false,"requirements":{"experience_years_min":3,"management_years_min":3,"team_size_min":null,"manages_managers":false,"education":{"level":"master","optional":false},"security_clearance":false,"languages":[]},"benefits":["Continuous learning","Equity"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Hedge Funds & Alternative Investments"],"lifecycle":[{"event":"open","at":"2026-10-08T00:08:00Z"}],"visa":[],"liveness":{"score":90,"band":"hot","label":"Hiring now","p_open":1,"p_active":0.903,"p_room":1,"age_days":11,"expected_fill_days":90,"reasons":["conf:0","velocity","win:early","comp:brand"],"computed_at":"2026-10-17T05:46:00Z"},"pay":{"stated_usd_annual":250000,"is_top_pay":true},"html_url":"https://alion.io/job/millennium-management-quant-researcherdata-scientist-volatility-alpha-technology","json_url":"https://alion.io/job/millennium-management-quant-researcherdata-scientist-volatility-alpha-technology.json","meta":{"generated_at":"2026-10-18T23:07:40Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":25623,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-19T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":704283},"rest":"https://alion.io/mcp/rest/get_company?id=704283"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fmillennium-management-quant-researcherdata-scientist-volatility-alpha-technology"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fmillennium-management-quant-researcherdata-scientist-volatility-alpha-technology"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fmillennium-management-quant-researcherdata-scientist-volatility-alpha-technology"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/millennium-management-quant-researcherdata-scientist-volatility-alpha-technology\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fmillennium-management-quant-researcherdata-scientist-volatility-alpha-technology"}]}