Careers

Squarepoint's success comes down to its people.

We recruit people with an entrepreneurial mindset, who are willing to learn, be agile and want accountability. We give you the thinking space necessary to develop and refine your skills through engaging with a wide range of professionals spanning multiple areas of expertise.

Working within our global, borderless organization gives you the opportunity to contribute from day one, wherever you are based. Our learning culture values mentoring, career development and active cooperation at all levels and across all offices. We want you to grow with us and enable us to embrace the business opportunities that arise. Therefore, we actively seek candidates who value this collegial, global environment because they will be proactive in contributing to Squarepoint's success. In return, we will provide you with the opportunities to develop and grow in a fulfilling and rewarding career, along with an array of benefits.

Why Squarepoint

Advanced research
capabilities

Cutting-edge
Technology

Continued
Learning &
Development

Global
Collaboration

Scientific
Approach

Experienced Professionals

If you already have an excellent track record, we want to hear from you! Our global teams are organized into three main areas, with specialisms in each:

Investment — our investment team comprises both quantitative researchers and specialist investment professionals.

Technology — we have a number of teams in our technology department, split across Development, TechOps and Delivery.

Corporate — this is where our business functions sit and includes:

Compliance
Data acquisition
Finance
Human Resources
Legal
Office management
Operations
Recruitment & Talent Development

Internships / Graduate Schemes

If you are just starting out in your career, we have a number of graduate opportunities and an ongoing internship program.

We believe that agile, curious minds and a willingness to learn are as important as qualifications and experience and we want to help shape your career.

If you are:

Collaborative, practical and innovative
Commercially astute and driven to succeed
Intellectually curious, inquisitive and able to think freely
Thorough, considerate and passionate about detail
Not afraid to make mistakes but willing to learn from them

We will provide you with:

Access to cutting edge technology and systems
The space to think, grow and actively contribute
Access to senior management and experienced colleagues
Learning and development opportunities
An exciting and rewarding career in a growing, global business

We have internship and graduate opportunities in these areas:

Investment
Technology
Legal
Compliance
Finance
Data Strategy
HR
Recruiting
Operations

Benefits

Squarepoint's benefits are designed to acknowledge that you work hard. We reward our employees with a suite of non-monetary benefits to help your work and personal life, as well as help you to progress in your career.

Benefits of working with us include:

Movement between offices

we support your desire to work and travel between our different global locations.

Support flexible working

we recognize the importance of working from home on occasion.

Commitment to professional development

we recognize that your professional development and continued learning are vital to your success and ours. We have a dedicated learning and development platform (Continued Learning at Squarepoint CLASP) and offer guest speakers and access to industry conferences.

Access to external libraries,
book budget and tuition reimbursement

we value external expertise and academic publications to help you learn and grow, which ultimately facilitates our research.

Lunch

we provide nutritious lunches, along with snacks and drinks to keep you going throughout the day.

Healthcare

we provide a competitive healthcare package.

Movement between offices

we support your desire to work and travel between our different global locations.

Support flexible working

we recognize the importance of working from home on occasion.

Commitment to professional development

Access to external libraries,
book budget and tuition reimbursement

we value external expertise and academic publications to help you learn and grow, which ultimately facilitates our research.

Lunch

we provide nutritious lunches, along with snacks and drinks to keep you going throughout the day.

Healthcare

we provide a competitive healthcare package.

Interview Process

We hire opportunistically, not just to fill vacancies.

While we have a formal interview process, it's as much about us getting to know you as an individual, as it is learning about your skills and experiences. The process is thorough as we focus on both technical and individual ambition. We interview for both and only hire when both align and ensuring an appropriate fit with Squarepoint's culture.

When you apply, please select the role that most suits your skills and experience. But if we think you're a better fit elsewhere, we will talk to you about that and help you shape a role that suits what you can offer us.

As a global firm

As a global business, we support your career, promote balance, and embrace diversity. From internships to mentoring, our teams succeed by creating an environment which is constantly learning and improving.

If you are focused, driven, inquisitive and collaborative, we want you to help us grow. We are a dedicated team who strive for success while also caring about who we work with and how we get there.

Apply for open opportunities

CURRENT JOB OPENINGS:

PLEASE ONLY APPLY TO THE ONE JOB YOU FEEL BEST FITS YOUR SKILLSET AND EXPERIENCE. IF OUR TEAM FEELS YOU ARE BETTER SUITED FOR ANOTHER ROLE, WE WILL REACH OUT ABOUT THE ALTERNATE OPPORTUNITY.

View more jobs at SquarePoint

Disclaimer

Squarepoint or Squarepoint Capital refers to the network of member firms of the Squarepoint Group, each of which is a separate and independent legal entity.

This site is presented for information purposes only and is intended for your personal, non-commercial use. No information or opinions contained in this site constitute a solicitation or offer by Squarepoint to buy or sell securities or to furnish any investment advice or service.

This site is intended as a general introduction to Squarepoint. It does not provide specific investment advice nor does it represent that the services described are suitable for any specific investor. Moreover, the information contained in this site does not provide a basis for making a fully informed investment decision. Please note that investment in markets traded by Squarepoint involve significant risk and any past performance does not guarantee future results.

The contents of this site are not intended for distribution to, or use by, any individual or entity in any jurisdiction where their distribution or use would be contrary to local law or regulation or which would subject Squarepoint to registration with the jurisdiction. You should be aware that any rules and/or regulations applicable to providing financial services (and the resultant investor protections that may be available), may not apply to persons who obtain information from the internet and its various applications, of which this material forms part.

Information contained on this site, including commentary or opinions, reflects Squarepoint’s analysis and other information available as at, either the time such information was posted in the site or as otherwise at the date indicate, and whilst believed to be reliable, Squarepoint cannot and does not guarantee its accuracy, timeliness or completeness, nor is Squarepoint under any obligation to update such information.

Neither Squarepoint nor any of its directors, officers or employees, nor any third party vendor will be liable or responsible for any loss or damage that you may incur from any cause relating to your access to, inability to access, or use of the site or these materials, whether or not the circumstances giving rise to such cause may have been within the control of Squarepoint or of any vendor providing software or services support. In no event will Squarepoint or any third party vendor be liable to you for any direct, special, indirect, consequential, incidental damages or any other damages of any kind even if Squarepoint or any other party had been advised of the possibility that these damages might occur.

Squarepoint Capital LLP is a limited liability partnership registered in England and Wales with registered number OC393269. Squarepoint Capital LLP is authorized and regulated by the Financial Conduct Authority in the UK, and is on the Financial Services Register (Firm Reference Number 627994).

Squarepoint Ops LLC is registered with the US Securities Exchange Commission, registered with US Commodity Futures Trading Commission (“CFTC”) as a Commodity Pool Operator (“CPO”) and is member of the National Futures Association (“NFA”).

Squarepoint Operations Private Limited is regulated by the Monetary Authority of Singapore.

Disclosures

COMMITMENT TO THE UK STEWARDSHIP CODE - Under Rule 2.2.3R of the Financial Conduct Authority's (“FCA”) Conduct of Business Sourcebook, Squarepoint Capital LLP (“Squarepoint UK LLP” or “the Firm”), to the extent it is managing investments for a professional client (as defined by the FCA), is required to include a disclosure about the nature of its commitment to the UK Financial Reporting Council's Stewardship Code (the "Code") or, where it does not commit to the Code, explain its considered choice based on the Firm’s investment approach. The Code is a voluntary code and sets out a number of principles relating to engagement by investors in UK-listed companies.

Squarepoint UK LLP invests in a broad range of asset classes on a predominantly systematic basis in a variety of jurisdictions globally and exposure to UK-listed issuers is, as a result, likely to be relatively limited in terms of overall exposure at any given point. Therefore, whilst Squarepoint UK LLP generally supports the objectives that underlie the Code, the nature of its investment strategy would mean that it is not practical for it to formally engage with investee companies on a voluntary basis in any particular jurisdiction through the exercise of its voting rights. The Firm has therefore chosen not to commit to the Code at this time.

Shareholder Rights Directive (SRD II)

SRD II aims to promote effective stewardship and long term investment decision making. It sets requirements in several areas, including transparency of engagement policies and investment strategies across the institutional investment community.

Under Rule 2.2B.5R of the Financial Conduct Authority's (“FCA”) Conduct of Business Sourcebook, and with respect to investment activity in shares admitted to trading on regulated markets in the EEA, or on comparable regulated markets outside the EEA, Squarepoint Capital LLP “Squarepoint UK LLP” or “the Firm”) is required to either

1. develop and publicly disclose an “Engagement Policy” providing details of how the Firms investment strategies and shareholder engagement activities, and their implementation, contribute towards the medium and long term performance of the assets of the fund; or

2. publicly disclose a clear and reasoned explanation of why it has chosen not to comply with any of the requirements under this rule

As Squarepoint UK LLP has a quantitative and systematic trading approach, the nature of its investment strategy would mean that it is not practical for it to formally engage with investee companies and carry out shareholder engagement activities. The Firm has therefore chosen not to implement an Engagement Policy at this time.

Pillar 3, and Remuneration Disclosure

Squarepoint Capital LLP

(“Squarepoint UK LLP” or the “Firm”)

Disclosure Policy

The Capital Requirements Directive (“CRD”) of the European Union established a revised regulatory capital framework across Europe governing the amount and nature of capital credit institutions and investment firms must maintain.

In the United Kingdom, the CRD has been implemented by the Financial Conduct Authority (‘FCA’) through (as relevant to Squarepoint UK LLP) the General Prudential Sourcebook (“GENPRU”), and the Prudential Sourcebook for Banks, Building Societies and Investment Firms (“BIPRU”).

The CRD consists of three ‘Pillars’:

Pillar 1 sets out the minimum capital amount that meets the Firm’s credit, market and (where applicable) operational risk capital requirements.
Pillar 2 requires the Firm to assess whether its capital reserves, processes, strategies and systems are adequate to meet pillar 1 requirements and further, determine whether it should apply additional capital, processes, strategies or systems to cover any other risks that it considers itself to be exposed to: and
Pillar 3 requires disclosure of specified information about the underlying risk management controls and capital position to encourage market discipline.

The rules in BIPRU 11 set out the provision for Pillar 3 disclosure. This document is designed to meet the Firm’s Pillar 3 obligations.

This Pillar 3 disclosure document has been prepared by Squarepoint UK LLP in accordance with the requirements of BIPRU 11. Unless otherwise stated, all figures are as at the 31 December 2021 financial year-end.

Squarepoint UK LLP makes Pillar 3 disclosures annually, via the firm’s website. The information contained in this disclosure is accurate as at 31 December 2021 and has been audited by Squarepoint UK LLP’s external auditors and does not constitute any form of financial statement.

Squarepoint UK LLP is permitted to omit required disclosures on the basis that the Firm has deemed the information to be immaterial such that omission would be unlikely to change or influence the assessment or decision of a user relying on that information for the purpose of making economic decisions about the Firm, or the Firm regards the information as proprietary/confidential and where sharing that information with the public would undermine Squarepoint UK LLP’s competitive position. Proprietary/confidential information may include information on products or systems which, if shared with competitors, would render the Firm’s investments therein less valuable. Further, the Firm must regard information as confidential if there are obligations to customers or other counterparty relationships binding the Firm to confidentiality.

Background to the Firm

Squarepoint UK LLP is authorised and regulated by the FCA and as such is subject to minimum regulatory capital requirements. Up to 31st December 2021, the Firm was categorised by the FCA, for prudential purposes, as a ‘BIPRU firm’. It is an investment management firm authorised to manage assets, as well as perform certain other regulated activities, on behalf of clients. It is not authorised to deal on its own account and thus has no trading book exposures. The Firm reports to the FCA on a solo basis and is not required to prepare consolidated reporting for prudential purposes.

Risk Management Objectives and Policies

Due to the nature, size and complexity of the Firm, Squarepoint UK LLP does not have an independent risk management function. Squarepoint UK LLP has established a risk management process in order to ensure that it has effective systems and controls in place to identify, monitor and manage risks arising in the business. The risk management process is overseen by the Firm’s Management Body (the “Management Committee”). The Management Committee is responsible for the management of risk within the Firm, with input from the Group Risk Committee and their individual responsibilities are clearly defined. Senior management report to the Firm’s Management Committee on a frequent basis regarding these risk exposures. Squarepoint UK LLP has clearly documented policies and procedures, which are designed to minimise risks to the Firm and all staff are required to confirm that they have read and understood them.

Squarepoint UK LLP undertakes an ICAAP at least annually, which is the process through which the Firm determines that it is able to identify and manage its key risks on an ongoing basis and that it has sufficient capital in respect of such risks. The process is forward looking and is an integral part of the management of the Firm.

Following the completion of the ICAAP, the Firm has concluded that its Tier 1 capital is sufficient to cover its Pillar 1 and Pillar 2 requirements.

Capital Resources Requirement

Pillar 1 - Minimum Capital Requirements

As a BIPRU firm, Squarepoint UK LLP has adopted the simplified standardised approach for the Pillar 1 regulatory capital calculation of credit risk. The Firm is not subject to Pillar 1 operational risk requirements under BIPRU 6.

The Pillar 1 capital requirement for a BIPRU firm is calculated as the higher of:

€50,000; and
the sum of the market and credit risk requirements; or
the fixed overheads requirement (“FOR”) which equates to 25% of the Firm’s operating expenses less certain variable costs.

The Firm has deemed the FOR to be the higher of these requirements and this is therefore used for the Firm’s Pillar 1 minimum capital calculation.

As Squarepoint UK LLP does not deal in investments for its own account and holds no current assets other than cash, in sterling or foreign currency, the Firm’s non-trading book market risk requirement is the Foreign Currency Position Risk Requirement, for which the Firm multiplies the sum of the absolute values of its ‘open currency position’ by 8%.

Pillar 2 – ICAAP

The Firm’s ICAAP includes an assessment of the design and performance of the internal controls in place to mitigate risks, the probability of the risk occurring, the potential financial and reputational impact, and the adequacy of the Firm’s capital base.

The ICAAP is the process through which Squarepoint UK LLP determines that it is able to identify and manage its key risks on an on-going basis and ensure that it has sufficient capital in respect of such risks. The process is forward looking and is an integral part of the management of the Firm. The Chief Compliance Officer (“CCO”) is responsible for the ICAAP within Squarepoint UK LLP and consulted with other appropriate members of staff and within the Squarepoint Group to ensure the accuracy of their findings.

As part of the Firm’s ICAAP performed in 2022 the impact of the ongoing COVID-19 pandemic on its strategic planning, as well as its operations and business continuity arrangements, was assessed and factored into the assumptions underlying the stress and scenario testing applied.

The Firm’s Management Committee formally reviews and approves a finalised ICAAP document on at least an annual basis (or more frequently if there are material changes to the Firm’s business model and risk exposures). The Management Committee, as part of its review of the ICAAP, sets the Firm’s risk appetite, validates that the Firm’s key material risks have been considered and assessed, and validates the stress testing scenarios.

Capital Resources

The main features of the Firm’s capital resources, as at 31 December 2021, are as follows:

Capital Item	£’000s
Tier 1 capital less innovative tier 1 capital	61,863
Tier 2 capital
Tier 3 capital
Total capital resources, net of deductions	61,863

Remuneration

Squarepoint UK LLP must comply with the BIPRU Remuneration Code (the “Code”). The purpose of the Code is to ensure that firms have risk focused remuneration policies, which are consistent with and promote effective risk management and do not expose themselves to excessive risk.

The Management Committee is responsible for setting the Remuneration Policy Statement for all staff and the Firm’s Compliance Officer is a member of the Management Committee. No external consultants have been engaged on remuneration matters.

Proportionality

Enshrined in the regulatory requirements in respect of remuneration which apply to firms such as Squarepoint UK LLP is the principle of proportionality. The FCA has sought to apply proportionality in the first instance by instituting two tests. Firstly, a firm that is significant in terms of its size must disclose quantitative information referred to in BIPRU 11.5.18R at the level of senior personnel. Secondly, that a firm must make disclosure that is appropriate to the size, internal organisation and the nature, scope and complexity of their activities.

Squarepoint UK LLP is not ‘significant’ (that is to say has relevant total assets <£50bn*) and so makes this disclosure in accordance with the second test (BIPRU 11.5.20R(2)).

* average total assets on the last three accounting dates.

As such, the Management Committee has determined that the following rules are not proportionate to Squarepoint UK LLP and thus have not implemented these detailed rules:/p>

SYSC 19C.3.47 – Retained shares or other instruments.
SYSC 19C.3.49 – Deferral; and
SYSC 19C.3.51 – Performance adjustment

Variable remuneration is not based solely on the financial performance of the individual. The Management Committee also considered the individual’s overall (non-financial) performance to the whole team and the overall results of the Firm and its clients. The performance of the individual is assessed over the entire year.

Quantitative Information

The Firm has one business area and the aggregate remuneration of Code Staff, all of whom are Senior Managers, for the year ended 31 December 2021 was £3.40 million.