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Algorithmic Execution Quant Jobs in Somerville, MA

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Algorithmic Execution Quant information

See Somerville, MA salary details

$57.3K

$130K

$214.4K

How much do algorithmic execution quant jobs pay per year?

As of Aug 21, 2026, the average yearly pay for algorithmic execution quant in Somerville, MA is $130,044.00, according to ZipRecruiter salary data. Most workers in this role earn between $85,700.00 and $166,400.00 per year, depending on experience, location, and employer.

What does an algorithmic execution quant do?

An Algorithmic Execution Quant is responsible for designing, developing, and optimizing algorithms that execute large financial trades efficiently and at minimal cost. They analyze market microstructure, create models to predict market impact, and work closely with traders and engineers to implement these strategies in real-time trading systems. Their work is essential in minimizing transaction costs and improving trade execution quality for their firm.

What are some common challenges faced by algorithmic execution quants when developing and deploying trading algorithms?

Algorithmic Execution Quants often encounter challenges such as adapting strategies to rapidly changing market conditions, managing latency and slippage, and ensuring compliance with regulatory requirements. They must also balance the need for innovation with the necessity for robust risk controls and system reliability. Collaboration with traders, developers, and risk managers is essential to refine algorithms and ensure they perform optimally in live trading environments.

What are the key skills and qualifications needed to thrive as an algorithmic execution quant, and why are they important?

To thrive as an Algorithmic Execution Quant, you need a strong background in quantitative analysis, programming (often in Python or C++), and a solid understanding of financial markets, typically supported by an advanced degree in a quantitative discipline. Proficiency with statistical modeling tools, trading platforms, and market data systems, as well as familiarity with technologies like FIX protocol, is crucial. Strong problem-solving ability, attention to detail, and effective communication help you collaborate across trading, research, and technology teams. These skills are essential for designing, optimizing, and maintaining robust trading algorithms that achieve best execution and mitigate risk in fast-moving markets.

What is the difference between Algorithmic Execution Quant vs Quantitative Trader?

AspectAlgorithmic Execution QuantQuantitative Trader
Primary FocusDeveloping and implementing algorithms for trade execution to minimize market impactCreating trading strategies to generate alpha and profit from market movements
Work EnvironmentQuantitative research teams, trading desks, technology-drivenTrading floors, portfolio management teams, research departments
Required SkillsProgramming, market microstructure, execution algorithmsQuantitative modeling, market analysis, strategy development

While both roles involve quantitative skills, an Algorithmic Execution Quant specializes in optimizing trade execution processes, whereas a Quantitative Trader focuses on developing strategies to generate profits. The roles often collaborate but serve different functions within trading firms.

What are popular job titles related to Algorithmic Execution Quant jobs in Somerville, MA?

For Algorithmic Execution Quant jobs in Somerville, MA, the most frequently searched job titles are:

What job categories do people searching Algorithmic Execution Quant jobs in Somerville, MA look for?

The top searched job categories for Algorithmic Execution Quant jobs in Somerville, MA are:

What cities near Somerville, MA are hiring for Algorithmic Execution Quant jobs?

Cities near Somerville, MA with the most Algorithmic Execution Quant job openings:

Portfolio Research & Analytics, Senior Associate

JPMorgan Chase & Co.

Boston, MA • On-site

$150K - $224K/yr

Full-time

Medical, Retirement

Posted 16 days ago


JPMorgan Chase & Co. rating

8.0

Company rating: 8.0 out of 10

Based on 495 frontline employees who took The Breakroom Quiz

71st of 171 rated banks


Job description


Vice President, Portfolio Research & Analysis
Overview
55ip's Quantitative Research & Development (R&D) team is seeking a Senior Associate to lead portfolio research, analysis, strategy validation, and operational enablement for systematic investment strategies. This role partners closely with Quant Researchers, Portfolio Managers, Product, and Technology to ensure portfolios and research outputs are scalable, robust, and aligned to investment objectives. This role will drive rigorous investigation of investment outcomes, oversee simulation and testing frameworks, and strengthen governance, controls, and documentation supporting the portfolio management lifecycle.
The ideal candidate combines strong markets and portfolio expertise with hands-on analytical capability and the leadership needed to drive cross-functional execution in a fast-moving environment.
Key Responsibilities
Portfolio & Strategy Oversight
  • Serve as a senior analytics partner to Portfolio Managers and Quant Research, providing independent challenge and validation of portfolio positioning, risk, and performance relative to strategy objectives.
  • Lead analysis of trade recommendations, exposures, constraints, and risk metrics (e.g., factor/sector/country/style) to confirm alignment with the investment thesis and systematic process.
  • Conduct research and produce decision-driving findings around portfolio behavior and construction.
  • Diagnose and reconcile performance and attribution anomalies; drive root-cause analyses and ensure issues are addressed through durable process, data, or model improvements.

Research Enablement, Simulation & Testing Leadership
  • Own and evolve historical and forward-looking simulation practices (back-testing, scenario analysis, stress testing), setting standards for reproducibility, accuracy, and controls.
  • Partner with researchers and developers to enhance investment algorithms, improve data quality/coverage, and accelerate research-to-production workflows.
  • Define and prioritize platform enhancements for back-testing, simulation, and visualization capabilities; translate business needs into clear requirements and acceptance criteria.

Operational Excellence & Stakeholder Management
  • Act as a senior point of escalation for trade operations and investment teams on issues impacting execution, data integrity, and portfolio construction; drive timely resolution and post-incident prevention.
  • Establish and maintain operating rhythms across Product, PM, Research, and Technology to launch, refine, and monitor strategies and releases.
  • Lead governance routines to ensure methodologies, changes, and exceptions are reviewed, documented, and compliant with applicable standards and internal controls.

Reporting, Communication & Documentation
  • Produce executive-ready insights (dashboards, recurring reports, ad hoc deep dives) using tools such as Excel and Tableau to support investment decision-making and oversight.
  • Create and maintain high-quality documentation for operational procedures, workflows, controls, and key decision logs to ensure clarity, consistency, auditability, and scalability.

Delivery & Workflow Management
  • Manage and triage work intake using JIRA; assign, track, and report on work items across stakeholders, ensuring predictable delivery against timelines.
  • Drive forward group projects as a leader, ensuring alignment, momentum, and accountability across contributors.
  • Mentor junior analysts and contribute to team standards for analytical rigor, documentation quality, and stakeholder communication.

Required Qualifications
  • Bachelor's degree in Finance, Economics, Accounting, Engineering, Mathematics, or a related discipline.
  • 6+ years of relevant experience in portfolio research, quantitative investing, asset management, risk/attribution, trading support, or systematic strategy operations.
  • Direct people management experience, including managing analytical or technical talent.
  • Experience managing analytical projects end-to-end, from planning and delegation through delivery.
  • Strong understanding of markets and the investment management process, including portfolio construction concepts, exposures, and risk frameworks.
  • Advanced Excel skills and strong quantitative/statistical foundation.
  • Hands-on ability to analyze and troubleshoot data and strategy outcomes using SQL and Python (or equivalent).
  • Proven ability to lead cross-functional initiatives, manage multiple priorities under tight deadlines, and operate effectively in ambiguous environments.
  • Excellent written and verbal communication skills, including the ability to produce executive-level summaries and recommendations.
  • Demonstrated integrity, sound judgment, and a high bar for analytical rigor and controls.

Preferred Qualifications
  • Master's degree in Finance or Mathematics.
  • CFA and/or FRM strongly preferred.
  • Experience with risk models and vendor platforms such as BarraOne, FactSet, and Bloomberg.
  • Experience building or improving back-testing/simulation pipelines and data visualization/reporting products (e.g., Tableau).
  • Experience leveraging Agentic AI / LLM tools (e.g., Copilot, Claude) to enhance research, analysis, or workflows.

Prior people leadership, mentoring, or formal project/workstream leadership experience
About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans
About the Team
J.P. Morgan Asset & Wealth Management delivers industry-leading investment management and private banking solutions. Asset Management provides individuals, advisors and institutions with strategies and expertise that span the full spectrum of asset classes through our global network of investment professionals. Wealth Management helps individuals, families and foundations take a more intentional approach to their wealth or finances to better define, focus and realize their goals.

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