Quantitative Research Intern at DRW

London, England, United Kingdom

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Finance, TradingIndustries

Requirements

Pursuing a Bachelor’s, Master’s or PhD in a technical discipline with a focus on Statistics, Optimization, Machine Learning, Artificial Intelligence, Quantitative Finance or related fields, graduating between December 2026 and August 2027
Proficiency in Python programming experience using the Python machine learning stack: numpy, pandas, scikit-learn, etc
Proficient programming skills with experience exploring large datasets
Strong analytical and problem-solving skills including a solid foundation of statistics knowledge
Working knowledge of probability theory, stochastic calculus and numerical algorithms such as finite differences, Monte Carlo simulation, etc
Excellent written and verbal communication skills to report research results as well as methodologies
Some exposure to Natural Language Processing and/or High-Performance Computing is a plus
Added bonus if published in a top tier journal focusing on Natural Language Processing or High-Performance Computing

Responsibilities

Create practical solutions to problems presented in the trading environment on either a systematic equity trading desk or a fixed income options desk
Conduct statistical analysis of market data, historical trends, and relationships across multiple asset classes
Formulate and apply mathematical modeling, quantitative methods and machine learning techniques to identify and capture trading opportunities
Work closely with traders and researchers to build and refine research infrastructure and tools

Skills

Key technologies and capabilities for this role

PythonMachine LearningStatisticsOptimizationQuantitative FinanceDerivatives PricingMathematical ModelingBack-testing

Questions & Answers

Common questions about this position

What is the salary for the Quantitative Research Intern position?

This information is not specified in the job description.

Is this internship remote or does it require being in the office?

The internship is based in Chicago, with evenings spent exploring the city through organized social events.

What skills are required for the Quantitative Research Intern role?

Required skills include proficiency in Python with the machine learning stack (numpy, pandas, scikit-learn), proficient programming for exploring large datasets, strong analytical and problem-solving skills with statistics knowledge, and working knowledge of probability theory, stochastic calculus, and numerical algorithms.

What is the company culture like for this internship?

The culture emphasizes hiring exceptional people, encouraging ideas, rewarding results, cutting-edge research, collaboration with diverse great minds, and community through educational, social, and team-building events.

What makes a strong candidate for this Quantitative Research Intern position?

Strong candidates are pursuing a Bachelor’s, Master’s, or PhD in Statistics, Optimization, Machine Learning, AI, Quantitative Finance or related fields (graduating Dec 2026-Aug 2027), have the required technical skills, excellent communication skills, and bonuses like publication in top journals on NLP or HPC.

DRW

Proprietary trading and risk management firm

About DRW

RGM Advisors engages in proprietary trading using its own capital to operate in various financial markets. The firm focuses on developing trading strategies that utilize advanced technology and data analytics to manage risk and pursue high returns. By serving institutional clients such as hedge funds and investment banks, RGM Advisors maintains a flexible business model that allows it to trade its own money, rather than clients' funds. This approach enables better risk management and the ability to generate revenue through trading profits, achieved by employing sophisticated algorithms and market-making strategies. RGM Advisors is distinguished by its global presence and its commitment to attracting top talent, providing them with the tools needed to excel and rewarding exceptional performance.

Chicago, IllinoisHeadquarters

2001Year Founded

M_AND_ACompany Stage

Quantitative Finance, Financial ServicesIndustries

1,001-5,000Employees