Quantitative Researcher, Central Execution Desk

The role

The Quantitative Researcher will build models, analytics, and decision systems to improve execution quality across global trading teams. This role involves market impact research, transaction cost analysis, causal inference, and optimization.

What you will do

• Researching market impact, execution cost, slippage, fill quality, etc. across global markets
• Building models to explain and predict execution outcomes
• Designing and analyzing A/B experiments to identify real execution improvements
• Working on causal inference methods
• Developing optimization models for various execution objectives
• Supporting research into centralized inventory, liquidity, risk-transfer, and crossing-style analytics
• Contributing to research on execution algorithms
• Building research tools, simulations, dashboards, and reports
• Partnering with traders, PMs, quant developers, and engineers to turn research prototypes into production analytics

Required qualifications

• A Masters or Bachelors from a top-tier university in mathematics, statistics, computer science, financial engineering, physics, operations research, or a related quantitative field
• 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
• Good understanding of market microstructure
• Ability to write clear research notes and explain quantitative results to traders, PMs, and engineers

Nice to have

• PhD preferred
• C++/Rust experience is a plus but not required
• Familiarity with convex optimization, causal inference, market impact models, stochastic control is a plus
• Prior academic publications or comparable research writing are a plus

Benefits

• 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
• Company-sponsored sports teams and fitness events
• Volunteer opportunities and charitable giving
• Social events, happy hours, treats, and celebrations throughout the year
• Workshops and continuous learning opportunities

About the company

Tower Research Capital is a leading quantitative trading firm founded in 1998. The firm has a 25+ year track record of innovation and a reputation for discovering unique market opportunities.