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 global investment strategies, encompassing Global Credit, Global Convertible, Volatility & Capital Structure Arbitrage, Event-Driven Investing, Equity Long/Short & Capital Markets Trading, and Global Quantitative Trading.

About the Role

We are seeking a Quantitative Analyst for our Fundamental Long/Short Equity business. This is a pivotal role with significant growth potential, situated at the core of the Equity L/S platform's decision-making processes. 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 critical drivers and formulating concrete recommendations. The scope of work extends across business operations, portfolio management, and research, with findings presented directly to senior leadership.

The successful candidate will collaborate closely with various teams across the platform. This position is ideal for an individual with a robust quantitative background who also possesses a strong inclination for building practical solutions. The role requires technical proficiency, a rapid learning ability, and enthusiasm for working within 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 key drivers of Profit & Loss (P&L) and performing factor-model-based risk and P&L attribution.
• Undertake research initiatives aimed at improving investment and business outcomes.
• Assess existing processes and proposed modifications, 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 effects, test statistical significance, and translate findings into actionable recommendations for stakeholders.
• Leverage AI tools to expedite research and analysis, and contribute to the expansion of AI-driven applications throughout the platform.
• Clearly present analytical findings and strategic recommendations to senior management.
• Foster collaborative relationships with portfolio managers, operations, trading, technology, data, and research teams.

Qualifications

• Possess 3-5 years of professional experience within a buy-side or sell-side financial firm.
• Hold a Master's degree in a quantitative field such as mathematics, engineering, quantitative finance, or a hard science, or an undergraduate degree complemented by substantial relevant experience.
• Exhibit a strong foundational understanding of statistics and regression modeling, including linear models and hypothesis testing.
• Demonstrate 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 proficiency in 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 audiences.
• Show a keen interest in applying Artificial Intelligence 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, coupled with the perseverance to thoroughly investigate issues and implement effective solutions.
• Maintain a proactive, intellectually curious, and adaptable mindset, with a genuine passion for equity markets and investment strategies.

Additional Information

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