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DRWChicago, ILInternship
Quantitative Research Intern
Join DRW as a Quantitative Research Intern to solve trading problems using statistical algorithms, machine learning, and derivatives pricing. Gain hands-on experience with multi-asset class strategies and collaborate with traders and researchers in Chicago.
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Role and Responsibilities
- Develop solutions for trading challenges on equity or fixed income options desks.
- Analyze market data and historical trends across multiple asset classes.
- Apply mathematical modeling and machine learning to identify trading opportunities.
- Collaborate with traders and researchers to enhance research tools and infrastructure.
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Candidate Requirements
- Pursuing Bachelor’s, Master’s, or PhD in Statistics, AI, Quantitative Finance, or related fields.
- Graduating between December 2027 and August 2028.
- Proficient in Python and machine learning libraries like numpy, pandas, scikit-learn.
- Strong analytical skills with knowledge of statistics, probability, and stochastic calculus.
- Experience with large datasets and programming.
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Internship Experience
- Work on meaningful projects advised by traders for real-world experience.
- Participate in educational, social, and team-building activities.
- Live in fully furnished apartments near the office provided by DRW.
- Receive mentorship from experienced professionals with regular meetings and outings.
- Complete an options course and technology immersion course during the internship.