Equity L/S Desk Quant Analyst

About Verition Fund Management

Verition Fund Management LLC is a multi-strategy, multi-manager hedge fund established in 2008. The firm engages in various global investment strategies, including Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

Role Overview

We are seeking a Quantitative Analyst to join our Fundamental Long/Short Equity business. This pivotal role, reporting to the Equity L/S COO, offers significant growth potential and is central to the decision-making processes of the Equity L/S platform. The position involves both quantitative analysis of investment performance and portfolio construction, as well as applying quantitative methods to strategic and operational challenges that drive platform growth and enhancement.

A key aspect of this role is the ability to transform broad inquiries into precise, actionable answers. You will translate directives from senior management and investment teams into focused research, identifying key drivers and formulating concrete recommendations. The scope of work encompasses business, portfolio manager, and research levels, with findings presented directly to senior leadership.

This role requires close collaboration with various teams across the platform. It is ideal for an individual with a robust quantitative background who also possesses a strong inclination for building practical solutions. The candidate should be technically proficient, a rapid learner, and thrive in a dynamic investment environment.

Responsibilities

• Develop analytical frameworks, models, and tools to support investment and business decisions across the platform.
• Conduct in-depth analysis of investment performance and portfolio characteristics, including identifying P&L drivers and performing risk and P&L attribution using factor models.
• Execute research initiatives aimed at improving investment and business outcomes.
• Assess existing processes and proposed changes, implement enhancements, and quantify their impact.
• Provide support for and improve investment process workflows, tools, and systems.
• Utilize statistical methodologies to address investment and business challenges, quantify impacts, test significance, and translate findings into actionable recommendations for stakeholders.
• Leverage AI tools to expedite research and analysis, and contribute to the development of AI-driven applications throughout the platform.
• Clearly present analytical findings and recommendations to senior stakeholders.
• Collaborate effectively with portfolio managers, operations, trading, technology, data, and research teams.

Qualifications

• Possess 3-5 years of relevant experience within a buy-side or sell-side firm.
• Hold a Master's degree in a quantitative field such as mathematics, engineering, quantitative finance, or a hard science, or an undergraduate degree coupled with substantial relevant experience.
• Demonstrate a strong understanding of statistical and regression modeling, including linear models and hypothesis testing.
• Exhibit proficiency in Python for quantitative research and analysis, supported by project or research achievements, with the capability to construct necessary data workflows and analytical tools.
• Maintain working knowledge of SQL, PostgreSQL, and APIs for data retrieval and management.
• Prior experience with equity fundamental factor models, attribution, and risk measurement is highly desirable.
• Possess excellent communication and presentation skills, with the ability to translate complex quantitative work into actionable insights for senior management.
• Show a keen interest in applying AI to research and analytical challenges; practical experience with coding assistants like Claude Code or similar tools is a significant asset.
• Exhibit a strong sense of accountability and urgency, with the determination to thoroughly investigate issues and drive solutions to completion.
• Maintain a proactive, intellectually curious, and adaptable attitude, coupled with a genuine enthusiasm for equity markets and investment strategies.

Additional Information

Salary Range: $150,000 USD - $200,000 USD