Pairs ​/ Statistical Arbitrage Equity Trader (Remote, Funded) — Baltimore, MD

Baltimore, MD:

Baltimore is home to T. Rowe Price, one of the largest active asset managers in the US, plus Legg Mason (now part of Franklin Templeton) and a meaningful biotech and medical research industry around Johns Hopkins. Eastern Time alignment with the NYSE.

Long/short pairs within sectors (e.g., two banks, two airlines, two oil majors), basket trades against ETF benchmarks, and divergence trades when a fundamentally similar pair has drifted apart on price. We do not run ultra-high-frequency stat-arb — the firm's infrastructure is professional but not co-located.

Pairs strategies look low-risk until a relationship breaks — at which point both legs can move against you simultaneously. Maverick traders run defined max-loss per pair and require fundamental review when statistical signals fire on names with company-specific news.

Pairs and stat-arb provide the firm with a low-beta P&L stream that diversifies away from directional and pure-vol books. Maverick funds traders here because the strategy contributes to firm-level Sharpe even when its individual returns are modest.

• Traders with quantitative training — Python, R, or strong Excel comfort with regressions
• People who can read a cointegration breakdown as a 'get out' signal, not 'add to the trade'
• Candidates who understand the limits of statistical edge in single-stock relationships
• Traders patient with sample sizes — single pairs can take weeks to play out