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Algorithmic Quantitative Researcher

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Our formula for success is to hire exceptional people, encourage their ideas and reward their results.

As an Algorithmic Quantitative Researcher, you will develop the mathematical models that drive our automated trading strategies. Our research team collaborates on idea generation and strategy development, while encouraging independent exploration and original approaches. You will have access to clean data integrated with compute resources and the support of a dedicated software development team.

What you will do in this role…

  • Formulate mathematical models and apply quantitative methods to capture trading opportunities
  • Extract predictive signals from financial data through a variety of methods including statistical data analysis and machine learning
  • Develop and simulate automated trading algorithms
  • Assist software developers to translate research strategies into production software
  • Optimize the order execution and risk management of our trading systems

You will be right at home if you have…

  • A PhD degree or candidacy with expected graduation by August 2018. The following academic disciplines are of particular interest: pure and applied mathematics, statistics, engineering, computer science, physics, machine learning, signal processing, optimization and control.
  • Experience in model development and calibration with large data sets
  • Experience programming in Python, C++, R, or MATLAB for conducting research
  • Excellent communication skills

We do not require familiarity with or prior experience in financial markets for this role.

DRW is a diversified, technology-led principal trading firm. We trade our own capital at our own risk across a range of asset classes, instruments and strategies in markets around the world. Located in Chicago, London, Montreal, New York and Singapore, our team of more than 750 employees is driven to solve complex problems and capture opportunities in the global markets and beyond. As the markets have evolved over the past 25 years, so has DRW – growing to include real estate, venture capital and cryptocurrencies.

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Alex J.
Security Engineer
MAKING THE GRADE
From English teacher to security engineer
Alex J. has always loved technology; as a teacher, he integrated new tech tools to make learning fun whenever possible. Despite coming to DRW slightly inexperienced for his desktop support engineer position, the nurturing environment he encountered at the company helped him thrive. “My manager gave me ample opportunity to try new things, make mistakes and learn from my own experiences,” he said. That room to grow — along with instructor-led training for his CompTIA Security+ certification and support from colleagues — prepared him to level up to his current role.
Alex J. has always loved technology; as a teacher, he integrated new tech tools to make learning fun whenever possible. Despite coming to DRW slightly inexperienced for his desktop support engineer position, the nurturing environment he encountered at the company helped him thrive. “My manager gave me ample opportunity to try new things, make mistakes and learn from my own experiences,” he said. That room to grow — along with instructor-led training for his CompTIA Security+ certification and support from colleagues — prepared him to level up to his current role.
What I respect the most about the company is the support around improving my skill set and taking on new projects.
Emma D.
Software Engineer, UX Design and Engineering
Experimenting with UX
Growing via novel technology
Working on cloud-hosted sites with easy access to APIs offers Emma D. many opportunities to experiment with new technology, but her colleagues play a role in innovation as well. “My team lead is the biggest influence for me when it comes to engaging with new tech,” she said. “He follows the frameworks and libraries we use religiously.” In addition, she is supported in her experimentation through DRW’s professional development budget, which she plans to use to take workshops and college classes to learn about and practice using new tech tools.
Working on cloud-hosted sites with easy access to APIs offers Emma D. many opportunities to experiment with new technology, but her colleagues play a role in innovation as well. “My team lead is the biggest influence for me when it comes to engaging with new tech,” she said. “He follows the frameworks and libraries we use religiously.” In addition, she is supported in her experimentation through DRW’s professional development budget, which she plans to use to take workshops and college classes to learn about and practice using new tech tools.
My team lead is always excited to share tech updates with us and have us try implementing them on projects.
Milan R.
Software Engineer
FAST, QUALITY WORK
Striking a balance between timely and thorough
Software engineer Milan R. describes DRW’s culture as one of “friendliness, openness and high software quality while balancing fast releases.” That equilibrium between excellent engineering and timely product deployment is essential for DRW’s operations as well. Currently, he and his team are working on a platform to combine research and strategy development to help users increase productivity. “I enjoy working with other smart people and having a constant stream of challenges to solve,” he said. “It has never been boring.”
Software engineer Milan R. describes DRW’s culture as one of “friendliness, openness and high software quality while balancing fast releases.” That equilibrium between excellent engineering and timely product deployment is essential for DRW’s operations as well. Currently, he and his team are working on a platform to combine research and strategy development to help users increase productivity. “I enjoy working with other smart people and having a constant stream of challenges to solve,” he said. “It has never been boring.”
DRW’s team is full of smart, friendly and helpful people with low ego.

What are DRW Perks + Benefits

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
OKR operational model
Team based strategic planning
Pair programming
Open office floor plan
Employee resource groups
Employee-led culture committees
Hybrid work model
In-person all-hands meetings
Flexible work schedule
Remote work program
We are committed to creating in-office as well as remote environments to support collaboration and belonging for all of our employees. Success at DRW is measured by performance, not location.
Diversity
Mandated unconscious bias training
Diversity employee resource groups
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Team workouts
Mental health benefits
Financial & Retirement
401(K)
401(K) matching
Performance bonus
Charitable contribution matching
Child Care & Parental Leave Benefits
Childcare benefits
Generous parental leave
Family medical leave
Adoption Assistance
Company sponsored family events
Fertility benefits
Vacation & Time Off Benefits
Generous PTO
Paid volunteer time
Paid holidays
Paid sick days
Bereavement leave benefits
Office Perks
Commuter benefits
Company-sponsored outings
Free daily meals
Free snacks and drinks
Some meals provided
Company-sponsored happy hours
Onsite office parking
Recreational clubs
Relocation assistance
Fitness stipend
Home-office stipend for remote employees
Meditation space
Mother's room
Onsite gym
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
DRW hosts lunch and learn meetings once per month.
Promote from within
Mentorship program
Continuing education available during work hours
Online course subscriptions available
Customized development tracks
Paid industry certifications
Personal development training
Apprenticeship programs

Additional Perks + Benefits

We also offer on-site yoga, meditation classes, trivia nights., massages, and wine tastings. We also support professional development through mentorship programs, speaker series and "Geek Lunches."

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