Quantitative Strategist, Global Quantitative Modeling and Analytics

| Chicago

DRW is a technology-driven, diversified principal trading firm. We trade our own capital at our own risk, across a broad range of asset classes, instruments and strategies, in financial markets around the world. As the markets have evolved over the past 25 years, so has DRW – maximizing opportunities to include real estate, cryptoassets and venture capital. With over 900 employees at our Chicago headquarters and offices around the world, we work together to solve complex problems, challenge consensus and deliver meaningful results. It’s a place of high expectations, deep curiosity and thoughtful collaboration.

DRW is looking for an exceptional Quantitative Strategist with an expertise in fixed income, primarily focused on interest rate products, to join a team of highly talented engineers tasked with building a proprietary fixed income analytics platform. Your role will focus on all areas of quantitative research including the research, development, and testing of valuation models while working closely with the software engineers responsible for the analytics platform. Your work will be used throughout the organization on a daily basis by traders, risk managers, and back office analysts.

To qualify for this role, you:

  • have 2+ years of experience in a Front Office desk quant/strat role at a major bank or buy-side firm
  • have in-depth knowledge of fixed income and interest rates products such as bonds, swaps, cross-currency swaps, futures, swaptions, caps/floors, futures options, mid-curve options, inflation linked bonds, inflation swaps, etc.
  • have hands on experience building and supporting user-facing interactive tools for pricing, risk management and scenario analysis of derivatives
  • have a deep understanding of modern modeling methods used for pricing and risk management of linear and non-linear interest rates derivatives (including multi-curve models, stochastic and local volatility modeling, CMS, curve options, etc.)
  • extensive hands on experience with Python, Excel and VBA
  • have experience with C++ including C++ 11/14
  • can demonstrate expertise in stochastic calculus, probability theory, and other related fields of math
  • have a graduate degree (Ph.D. is preferred) in a quantitative field such as physics, mathematics, operations research or financial engineering
  • have strong communication and collaboration skills with the ability to work within a multi-disciplinary team that includes traders, software engineers, and quants

Bonus points if you have:

  • experience with other programming languages such as C#, Java
  • experience with derivatives in asset classes such as FX, Commodities, Equity, EM
  • experience with development of relative value models for fixed income and interest rates derivatives
  • experience with optimizing numerical calculations for optimal performance
  • experience leading research initiatives/projects with limited oversight
  • experience with statistical analysis and working with large datasets provided in relational or key-value databases
  • experience training less quantitative personnel on topics such as fixed income analytics
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Technology we use

  • Engineering
    • .NETLanguages
    • C#Languages
    • C++Languages
    • GolangLanguages
    • JavaLanguages
    • JavascriptLanguages
    • PerlLanguages
    • PythonLanguages
    • RubyLanguages
    • ClojureLanguages
    • ElixirLanguages
    • D3JSLibraries
    • jQuery UILibraries
    • ReactLibraries
    • ReduxLibraries
    • Twitter BootstrapLibraries
    • ASP.NETFrameworks
    • Node.jsFrameworks
    • 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."

An Insider's view of DRW

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?

During my internship in Chicago, I built models in python, ones that are still used on that desk today. The next summer, I returned as a full-time trading analyst and picked up right where I left off. I focus on systematic research and the development and execution of new strategies for the foreign exchange (FX) options desk in Chicago.

Alex

Quantitative Trading Researcher

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

How do your team's ideas influence the company's direction?

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

What are some social events your company does?

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

What are DRW Perks + Benefits

Culture
Volunteer in local community
Friends outside of work
Group brainstorming sessions
Pair programming
Open office floor plan
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Wellness Programs
Onsite Gym
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Family Medical Leave
Adoption Assistance
Vacation & Time Off Benefits
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Free Daily Meals
Game Room
Stocked Kitchen
Some Meals Provided
Happy Hours
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Lunch and learns
Acme Co. hosts lunch and learn meetings once per month.
Promote from within

Additional Perks + Benefits

Daily catered breakfast and lunch. On-site yoga and meditation classes. Trivia nights. Chair massages. Wine Tastings. Mentorship Program. Game Tournaments. Speaker Series and "Geek Lunches".

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