A Chicago-based hedge fund that utilizes automated trading strategies is looking for a data analyst to streamline and support its operations. This role is a combination of data analysis and process management.

Requirements:
2+ years exposure to hedge funds / trading firms / investment banks.  B.S., M.S. or Ph.D. in a hard science.  2+ years of Linux experience.  2+ years of scripting using Perl, Python and SQL.  A process-oriented mindset.

Responsibilities:
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This job is offered by a European bank and is geographically based in mainland Europe.

The Role:
Actively managing a trading book in inflation derivatives.  Correctly and rapidly establish the pricing of client orders.  Participating in the technical development of the desk.  Monitoring the derivatives markets and new products linked to the inflation indices in several currencies (EUR, GBP and domestic indices as in Italy, Spain, &c). Dynamically managing positions and strategies by means of swaps, caps and floors and inflation swaptions. Providing assistance to the sales team and group entities with proposals for inflation structures and competitive pricing.  Contributing to the development of new activities and the optimization of existing activities, associated systems and processes.

The ideal candidate will:
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Here’s a job for a software / network / systems professional who may not have any financial experience, from a fund that is growing its tech team.

A prop trading firm in Chicago is looking for a Quality Assurance Engineer to join their team.  Requirements:

• 4+ years QA experience:  system, integration, functional, and regression testing of complex client/server applications
• 2+ years using Windows-based automated testing tools such as QuickTest Professional, WinRunner, QA Run, Rational Robot.  Expert-level QTP skills are especially important
• Excellent communications skills - a problem solver & troubleshooter - works well independently and with a group
• Standard QA skills: ability to understand / analyze requirements and gather information, create testplans / testcases, understanding of testing role in typical software development methodologies, setup / maintain software testing environments, ability to estimate completion time for tasks and communicate status to management, document / report defects and follow-through to resolution, risk analysis and test activity prioritization skills, etc.
• B.S. in computer science preferred
• Working knowledge of SQL

The firm values experience testing a variety of software products, system architectures, platforms, etc.

Trading industry experience would be a huge plus.

Highlights from today’s Reuters article colorfully titled, “Lehman, Merrill to pound already bloody job market“:

• The total let go from Merrill Lynch may be around 24,000
• “The resume flow will start on Monday like there’s no tomorrow,” according to one recruiter cited
• It’s looking like 2008 job cuts in the financial sector may surpass the 2007 total
• “‘Hedge funds, money managers and family offices’ should benefit from the job losses at Lehman and Merrill”
• “The Middle East and Russia [are] regions hungry for U.S. financial professionals”

Identifying hedge fund recruiters with strong international presence may be an especially good move now, for those willing to relocate.

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Hedge fund solutions consulting group is looking for a top-notch Excel VBA / SQL Server developer / architect with hedge fund operations experience to help design, develop, enhance and support critical financial applications for its clients. Candidate would work directly with hedge fund staff to help automate fund operations, trading and research.  Big pluses are:  experience with trading software, accounting software, pricing vendors, and prime brokers. Full-time or contract-to-hire, very competitive pay & benefits, many perks.

For complete info including contact, click here.

Here’s a pretty typical post, in terms of both responsibilities and qualifications, for a hedge fund quant job that just came across our wire from a well-known hedge fund recruiter in New York City.

Quantitative Equities Analyst
Chicago, IL

Prestigious Chicago-based hedge fund specializing in long/short global equities strategies is seeking a quant analyst to join their Quantitative Portfolio Management team. Responsibilities include:

• Portfolio Construction
• Asset Allocation
• Strategy Development
• Testing and Risk Modeling

This position provides opportunities to do cutting-edge modeling and advance to a portfolio management role. Applicants should have:

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Base salary for this position in New York City is $110k and anticipated bonus is in the $55k to $100k range. It offers a good entry into the hedge fund industry from a brokerage background, with the possibility of a strong career progression from there. Find this and other hedge fund jobs and hedge fund recruiters.

Margin / Treasury Manager
New York, NY

Top hedge fund / private equity firm seeks Margin / Treasury Manager. Looking for 3-10 years of relevant experience in the hedge fund, prime broker or broker / dealer space, with an understanding of valuation activity related to liquidity, leverage and the validation of margin calls. Ability to look at all TRS structures and identify the points that can trigger defaults and generate better rates on borrow / debit balances and collateral management through the prime broker.

Provides excellent exposure and growth opportunities leading to a management role, greater involvement with compliance, and possible move to the risk management side.

The range of functional roles at a hedge fund is variable across the lifespan of that fund, and also variable for different funds in the industry. Just as a new fund must often start small in terms of assets under management, typically there are few people on the initial team as well, with every partner or employee wearing multiple hats. Some funds keep it that way for their entire life span; organization at a small fund tends to be informal.

One manager of a small fund remarked to us, “I give titles because people in the outside world need them. But titles create a certain hierarchy, and while there is always one person who makes the final decision, if you treat people like we’re all equal, people appreciate it and have a vested interest. Everybody knows they have a vested interest here; that’s why they’re loyal.”

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This hedge fund job, for an immediate hire, is with a new fund with offices in Greenwich, CT and New York City. The post is a bit slim on detail (qualifications, responsibilities, trading strategies, technologies, &c) compared to other job descriptions for quant jobs. That probably means the firm is interested in talking to more, rather than fewer, candidates, and probably indicates an entrepreneurial environment where a wider, rather than narrower, skill set will be appreciated. The hiring firm’s focus on distressed investing represents a current trend in hedge fund launches.

Front Office Senior Developer / Quant
New York, NY / Greenwich, CT

New distressed asset-backed hedge fund seeks a strong programmer with experience analyzing asset-backed products such as mortgages and autos to work in a senior front office development role. Will be the lead developer of tools to help the portfolio managers trade the market. This role will provide great opportunities to learn the financial markets with tremendous growth potential in the front office.

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This tax manager job posted by a hedge fund recruiter is still open. The employer is an equities fund. A very specific breakdown of responsibilities can be found below. This is a mid- to senior-level position for a solid accountant with thorough knowledge of relevant tax issues. The firm is looking for:

• 6-10 years in public accounting
• Heavy experience reviewing partnership and individual tax returns
• CPA, Masters in Taxation preferred
• Hedge fund or private equity experience is a plus

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