Quant Trader, Brooklyn Direct Indexing

Location: New York

Quantitative Trading, Brooklyn Direct Indexing This role sits at the intersection of trading, quantitative research, and operations. The Trader will partner closely with portfolio managers, quantitative researchers, operations, custodians, and brokers to implement investment decisions, enhance execution quality, and ensure positions and cash reconcile accurately across systems. It is well suited to someone who enjoys both the analytical side of execution and the operational rigor of the trade lifecycle.

Key Responsibilities and Duties

• Execute equity orders across markets using quantitative and algorithmic trading techniques.
• Monitor market conditions, liquidity, transaction costs, and execution performance to optimize trade outcomes.
• Operate daily trade workflow - reconciliation, execution, allocations, and confirmations.
• Investigate and resolve trade issues and execute corrections and cancels as needed; identify root causes and partner with brokers and custodians to prevent recurrence.
• Analyze trading data to improve execution quality, reduce market impact, and strengthen operational controls.
• Develop and maintain quantitative models, analytics, and dashboards used to assess execution performance, broker algorithms, and market impact across equity trading activities.
• Monitor settlement, fails, and corporate actions, coordinating with operations and counter parties to ensure timely resolution.
• Partner with technology teams to improve automation, data pipelines, and trade processing infrastructure.
• Collaborate with portfolio managers and quantitative researchers on portfolio construction and trade implementation.
• Maintain awareness of regulatory requirements, settlement timelines, market structure developments, and industry best practices.
• Contribute to ongoing innovation across systematic and quantitative trading initiatives.

Educational Requirements

• University (Degree) Preferred

Work Experience

• 3+ Years Required; 5+ Years Preferred

Physical Requirements

• Physical Requirements:
  
  Sedentary Work

Career Level 7IC

Required Qualifications

• Minimum of 3+ years of trading, execution analytics, trading operations, or portfolio management experience.
• 1+ year of equity trading experience.
• Proficiency in python, excel and SQL.

Preferred Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics or Computer Science, Engineering.
• Understanding of equity market structure, execution algorithms and transaction cost analysis.
• Experience with pre-trade and post-trade analysis.
• Familiarity with equity trade lifecycle, corporate actions, settlement, and reconciliation processes.
• Experience making high-stakes decisions based on well-reasoned analysis in a timely manner.
• Excellent communication, responsiveness, reliability and collaboration.
• Familiarity with order management (OMS) and execution management (EMS) systems.
• Familiarity with custodian and counter party workflows and processes.
• Experience working with market data, order data, and large datasets.
• Experience with margin and cash management.
• Experience with portfolio optimization and analytics.

Anticipated Posting End Date:

Base Pay Range: $162,000/yr - $225,000/yr

Actual base salary may vary based upon, but not limited to, relevant experience, time in role, base salary of internal peers, prior performance, business sector, and geographic location. In addition to base salary, the competitive compensation package may include, depending on the role, participation in an incentive program linked to performance (for example, annual discretionary incentive programs, non-annual sales incentive plans, or other non-annual incentive plans).

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Company Overview

Nuveen is a global investment leader, managing public and private assets for clients around the world and on behalf of TIAA, our parent company and one of the world's largest institutional investors. We invest in the growth of businesses, real estate, infrastructure and natural capital, providing clients with the reliability, access and foresight unique to our heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors - all to pursue lasting performance for our clients, our communities and our global economy.

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Our Culture of Impact

At TIAA, we're on a mission to build on our 100+ year legacy of delivering for our clients while evolving to meet tomorrow's challenges. We equip our associates with future-focused skills and AI tools that enable us to advance our mission. Together, we are fighting to ensure a more secure financial future for all and for generations to come. We are guided by our values:
Champion Our People, Be Client Obsessed, Lead with Integrity, Own It, and Win As One. They influence every decision we make and how we work together to serve our clients every day. We thrive in a collaborative in-office environment where teams work…