Junior Quantitative Researcher (New Grad/Entry-Level)

Chicago, Illinois, United States

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$140,000 – $140,000Compensation

Entry Level & New Grad, Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, TradingIndustries

Requirements

Candidates should possess a degree in mathematics, physics, engineering, computer science, or an equivalent field, along with strong quantitative, analytical, and problem-solving skills. A passion for financial markets, proficiency in Python with experience in data science libraries, and a keen attention to detail are essential. The role also requires strong communication and interpersonal skills, an entrepreneurial attitude, and the drive and maturity to handle significant responsibility, including the capability to quickly recover from mistakes.

Responsibilities

Quantitative Researchers will apply quantitative skills to solve problems in financial modeling, algorithm development, and system optimization. Responsibilities include working with traders and developers to improve trading infrastructure, building tools for traders, exploring new trading ideas, writing algorithms, automating and refining strategies, and analyzing/optimizing system performance. Researchers will also inform traders about market developments, tools, and models that influence trading activities.

Skills

quantitative modeling

algorithm development

system optimization

data analysis

statistics

optimization

Python

data science libraries

Valkyrie Trading

Derivatives trading using quantitative analysis

About Valkyrie Trading

Valkyrie Trading specializes in trading derivatives, which are financial contracts tied to the value of underlying assets like stocks and commodities. The company uses advanced algorithms and high-frequency trading techniques to execute trades quickly and accurately, taking advantage of small price differences in the market. Valkyrie Trading differentiates itself from competitors through its collaborative culture, where traders, quantitative analysts, and software engineers work closely together to enhance trading strategies. The goal of Valkyrie Trading is to maintain a competitive edge in the complex derivatives market by leveraging technology and data-driven insights, while also fostering a creative and growth-oriented work environment.

Chicago, IllinoisHeadquarters

2011Year Founded

VENTURE_UNKNOWNCompany Stage

Quantitative Finance, Financial ServicesIndustries

11-50Employees

Benefits

Health insurance with the choice of plans including PPO, HMO, and HSA options

Dental insurance

Vision insurance

Lunch is provided every day

Gym membership discount

Risks

Competition from fintech startups using AI could erode Valkyrie's market share.

Regulatory scrutiny on high-frequency trading may lead to stricter compliance requirements.

Quantum computing advancements threaten current encryption methods, risking proprietary technology.

Differentiation

Valkyrie Trading specializes in derivatives, leveraging cutting-edge technology and quantitative analysis.

The company uses advanced algorithms and high-frequency trading for precise market execution.

Valkyrie's collaborative culture fosters innovation among traders, analysts, and engineers.

Upsides

Increased machine learning adoption enhances market prediction accuracy, boosting profitability.

DeFi platforms create new opportunities for derivatives trading, requiring liquidity providers.

Advancements in real-time data analytics enable faster, informed decisions for high-frequency trading.

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