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-Bachelors in highly-analytical or technical field with 3.5 GPA minimum: CS, EE, MechEng, Math, Statistics, Physics or other related field Masters or PhD preferred -Demonstrated strong CS fundamentals/experience -Strong quantitative/analytical skills - 2-6 years experience at hedge fund or top tier bank
The Central Risk Book aggregates trades made by Fundamental Equity Portfolio Managers and combines them into a single book before executing them, optimizing the trade execution.
Trade Equities and related hedging instruments and generally looks at alpha on hours-to-days timespan given the size and liquidity of the underlying trades. May interact with Execution Research, Algo Research, and Trade Analytics groups
Day to Day: Create a market between our PMs and the market through execution – not pure alpha research – using highly quantitative, automated methods: - Manage the risk of the book, using both systematic and discretionary views - Oversee the trading process, including understanding the ways trades are generated - Understand sources of return and implications for trading costs - Engage with market-side execution algorithms, understand how they work, and contribute to the efforts to measure their performance - Work to source liquidity from alternate liquidity sources, such as bilateral trading with the sell-side - Work closely with Quant Researchers: use trading intuition and mathematical knowledge to suggest hypotheses for research process and to understand their research results - Contribute to the efforts to measure/quantify performance/benefits/outcomes of various processes and initiatives -Operational support of the CLB, automating processes whenever possible (ex: manual reconciliations related to tech platform transition, working with trade support team to resolve or escalate issues)
Tech/Quant/Analytical Skills: - Highly Quantitative: Strong Stats/Math - Highly Analytical - Fluent at Coding (language agnostic, but comfortable with automation and data manipulation)
Industry Experience / Skills / Knowledge / Products: Market insight & how markets/asset classes interact ("Economic Intuition") Experience with high complexity trading/models and high flow trading Experience with messy/noisy data Especially useful areas: Program Trading/ETFs/Equity Derivatives/High Frequency/Options Market Making