Senior Quantitative Researcher / PM – Intraday Futures

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Onyx Alpha Partners
New York, United States
250000 - 375000 USD / Year
  • Finance
  • FullTime

Senior Quantitative Researcher / PM — Intraday Futures

Location: New York, London, Dubai or Singapore

The Mandate

This role targets the “sweet spot” of systematic trading: strategies that are too fast for traditional CTAs but too slow for pure HFT. We are partnering with a technology-led prop trading firm seeking a lead for their Intraday & Multi-Day Futures vertical.

Your goal is to build a diversified portfolio of uncorrelated strategies (Mean Reversion, Short-Term Trend) with holding periods ranging from 15 minutes to 3 days.

The Hard Questions (What You Will Solve)

  • Alpha Decay: Intraday signals rot quickly. How do you automate the retraining and refreshing of models to ensure signals remain robust in changing volatility regimes?
  • Execution Sensitivity: A theoretical Sharpe of 4.0 often becomes a realized Sharpe of 0.5 after slippage. How do you bake transaction cost and market impact modeling (TCA) directly into the alpha generation layer?
  • Portfolio Orthogonality: How do you construct a portfolio where the multi-day trend signals effectively hedge the risk of the intraday mean-reversion signals?

The Structural Edge

  • The “Capacity Trap” Removal: At mega-funds, a strategy is only valuable if it scales to $500m , often forcing you to dilute your Sharpe by extending holding periods. Our client operates differently. They specialize in high-velocity, capacity-constrained strategies ($50m–$100m) that generate exceptional returns.
  • Simulation Reality: Their backtesting engine is one of the most accurate in the market, with a proprietary “market impact” simulator that prevents you from falling in love with overfitted results.

Ideal Profile

  • The Metric: You live by Sharpe ratios. You are allergic to deep drawdowns.
  • The Tech: Strong Python/C stack. You treat the trading system as a single organism, where the execution logic is just as important as the prediction model.

Compensation & Preferences

  • Non-compete: Preference for ≤12 months; buyouts considered for exceptional profiles.
  • Compensation: $250k-375k Formulaic PnL Cut (**This is not a guarantee of compensation or salary; a final offer amount may vary based on factors including but not limited to experience, domain expertise, and geographic location**.)

Apply Now

At Onyx Alpha Partners, we are committed to connecting the most sought after talent in the financial world, to opportunities that expand the universe of unconstrained performance within their chosen discipline. If this opportunity aligns with your career aspirations, we encourage you to apply and explore the potential for growth and unparalleled success.

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