Lead/Senior Quantitative Researcher - Fixed Income Analytics

| Chicago

DRW is a principal trading firm, which means no outside investors or third party funds, and we trade for our own account in markets around the world. Our trading is diverse—across asset classes and instruments, using our own models and systems—and it’s this diversification that sets us apart. Founded in 1992 by bringing together technology, research, and risk management to capture trading and investment opportunities, and we still take that approach today. Though we’ve grown to more than 700 exceptional people in six cities around the world, we have the spirit of a start-up and a constant focus on results.

DRW is looking for an exceptional Quantitative Researcher to oversee Fixed Income Analytics. Initial responsibilities will consist of continuing work on a highly robust, modular and well-documented core analytics platform. Further work will involve standardizing and institutionalizing existing tools across regions and then later assisting in the development and construction of new tools. Initially, this team will be primarily focused on fixed income analytics with the possibility of expanding into other asset classes.

To qualify for this role, you:

  • have 3+ years experience researching and developing models for pricing interest rate derivatives products such as swaps and options and performing bond relative value analysis
  • can demonstrate expertise in stochastic calculus, probability theory, and other related fields of math
  • have an advanced degree in a quantitative field such as math, physics, or financial engineering
  • have strong communication and collaboration skills with the ability to work within a multi-disciplinary team that includes software engineers, quantitative researchers, and traders.
  • have 3+ years experience implementing financial models in C#, C++, Java, or Python.
  • experience leading research initiatives/projects with high degrees of autonomy

Bonus points if you have:

  • experience training less quantitative personnel in topics such as fixed income analytics
  • experience working with large data sets provided in relational or key-value databases.
  • created interactive tools built on top of the analytics you’ve provided
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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • GolangLanguages
    • JavaLanguages
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    • D3JSLibraries
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    • ASP.NETFrameworks
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    • Ruby on RailsFrameworks
    • PhoenixFrameworks
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • OracleDatabases
    • PostgreSQLDatabases
    • RedisDatabases
    • RiakDatabases

Location

Situated in Chicago's thriving West Loop, our HQ is convenient for Metra and CTA riders alike - and foodies looking for a bite on "Restaurant Row."
540 W. Madison St., Chicago, IL 60661

Insider's spotlight

How does your team reward individual success?

Our team acknowledges individual success and provides an environment to further new ideas. The team then ensures higher management is aware of your contribution. These accomplishments become part of the individual’s and team’s record at the end of the year. This approach I believe has led to a lot of innovations on my team.

Kumbi

Network Engineer

What kinds of technical challenges do you and your team face?

I work with huge volumes of data and my goal is to make that data useful to others. Some days this means getting into the nitty gritty of network hardware & protocols. Other days I’m building infrastructure to store & process it. But the days I enjoy the most, I’m building data visualization & exploration tools to help people make sense of it all.

Joe

Software Engineer

What are some things you learned at the company?

We’re free to choose the technology stack that best solves each individual problem, so the learning happens project to project. I started programming in C#, but changing teams exposed me to a new suite of languages that I’m now working in regularly

Carissa

Software Engineer

Working on the risk team, I combine the principles of risk management and computer science. I help direct how we take risk across the organization, and ensure reliability with the use of really innovative tech.

Brawnski

Software Engineer

DRW is not all work, all the time. We offer a number of activities and events for all interests, like monthly wine tastings, sports leagues, hobby clubs and movie outings to name a few.

Michelle

Systems Team Lead

Perks of working here

401(K) Matching
401(K)
Casual Dress
Commuter Benefits
Company Outings
Conferences & Training
Daily Meals Provided
Dental
Fitness Subsidy
Game Room
Generous PTO
Happy Hours
Health Benefits
Onsite Gym
Recreational Clubs
Some Meals Provided
Stocked Kitchen
Tuition Reimbursement
Vision
Volunteering Opportunities