Quant Researcher/Data Scientist – Volatility Alpha Technology
A research role on the Volatility Alpha Development team building options datasets, backtesting infrastructure and prototype alpha strategies for global volatility PMs. It blends quant research with data science.
What you’d work on
Our reading of the posting: what a new hire in this role would most likely spend their first months on.
- Fit volatility surfaces and analyse event volatility
- Generate systematic options PnL datasets
- Prototype strategies such as single-stock versus index spreads
- Build research infrastructure and backtesting platform features
- Work with senior PMs to integrate datasets into strategies
What they ask for
Required
- Master's or PhD in a quantitative STEM field
- 3+ years in investment management or quant research
- Python, R, MATLAB or C++
- Deep options and derivatives knowledge
- Machine learning and statistical modelling
- Data visualisation
Preferred
- Experience across equity, commodity, FX or rates markets
- Education
- Master's or PhD in physics, maths, statistics, engineering, OR or a related quantitative STEM field
- Experience
- 3+ years in investment management or a quantitative research environment
- Languages and tools
- Markets
- options, equities, commodities, fx, fixed-income
How to prepare
- Fit an SVI or similar volatility surface to option data
- Build a daily options PnL dataset with delta-hedged returns
- Study event volatility around earnings
- Apply a machine learning model to volatility forecasting and evaluate it carefully
What to study
- Derivatives Pricing and Computational Finance
- Financial Machine Learning
- Quantitative Research, Data and Backtesting
- Econometrics and Financial Time Series
The Volatility Quant roadmap sets out the stages for this kind of role, with free resources for each.
Open the roadmapApply
Read the full posting on Millennium’s site before applying: requirements, location and pay can change after we check them.
View the posting on Millennium’s site ↗
SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with Millennium and doesn’t handle applications.