Quantitative Researcher, Central Execution Desk
Tower Research CapitalAbout the Role
The Central Execution Desk is seeking a Quantitative Researcher to build models, analytics, and decision systems that improve execution quality across global trading teams. The role sits at the intersection of market impact research, transaction cost analysis, causal inference, experiment design, optimization, and execution strategy.
The researcher will work on understanding and improving how orders are routed, scheduled, evaluated, and optimized across brokers, algorithms, venues, markets, and trading teams. Responsibilities include:
- Researching market impact, execution cost, slippage, and fill quality across global markets
- Building models to explain and predict execution outcomes
- Designing and analyzing A/B experiments to identify real execution improvements
- Developing optimization models for various execution objectives
- Building research tools, simulations, dashboards, and reports to support trader decision-making
- Partnering with traders, PMs, quant developers, and engineers to turn research prototypes into robust production analytics
Requirements
- A Masters or Bachelors from a top-tier university in mathematics, statistics, computer science, financial engineering, physics, operations research, or a related quantitative field. PhD preferred
- At least 2–5 years of quantitative research experience, ideally in execution research, market microstructure, or financial data modeling
- Strong knowledge of statistics, time-series analysis, experiment design, optimization, machine learning, and financial markets
- Experience working with large financial datasets
- Strong Python skills for research, data analysis, modeling, and simulation. C++/Rust experience is a plus but not required
- Familiarity with convex optimization, causal inference, market impact models, stochastic control is a plus
- Good understanding of market microstructure
- Ability to write clear research notes and explain quantitative results to traders, PMs, and engineers. Prior academic publications or comparable research writing are a plus
What You'll Get
- $120k–$200k base salary
- Generous paid time off policies
- Savings plans and other financial wellness tools available in each region
- Hybrid working opportunities
- Free breakfast, lunch, and snacks daily
- In-office wellness experiences and reimbursement for select wellness expenses (e.g., gym, personal training and more)
- Company-sponsored sports teams and fitness events (JPM Corporate Challenge, Cycle for Survival, Wall Street Rides FAR and more)
- Volunteer opportunities and charitable giving
- Social events, happy hours, treats, and celebrations throughout the year
- Workshops and continuous learning opportunities