Quantitative Researcher, Fixed Income Analytics

| Chicago

DRW is a principal trading firm, which means no outside investors or third party funds rather 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. We were 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 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 3+ years experience researching and developing models for pricing interest rate derivatives products such as swaps and options and performing bond relative value analysis
  • have 3+ years experience implementing financial models in C#, C++, or Java
  • 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.

Bonus points if you have:

  • experience leading research initiatives/projects with limited oversight
  • 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
    • C#Languages
    • C++Languages
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • RubyLanguages
    • ClojureLanguages
    • ElixirLanguages
    • D3JSLibraries
    • ReactLibraries
    • ReduxLibraries
    • Node.jsFrameworks


540 W. Madison St., Chicago, IL 60661
540 W. Madison St., Chicago, IL 60661

Perks of working here

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