Quantitative Researcher at DRW

Chicago, Illinois, United States

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Finance, Trading, Quantitative FinanceIndustries

Requirements

A degree in a technical discipline with a focus on statistics, machine learning, signal processing, optimization and control graduating between December 2025 and August 2026 (Bachelor’s, Master’s, PhD)
A curiosity for model development and experience handling large data sets
Expertise in programming using Python, R, MATLAB, or C++ for conducting research
Can advocate for your beliefs in a concise and effective way with the team
Significant hands-on experience applying machine learning algorithms to real world problems
Strong problem-solving and statistics skills
The proactive ability to take the lead on assignments and deliver practical research results in a timely manner

Responsibilities

Develop mathematical models using advanced statistical learning methods to build automated trading strategies across multiple asset classes
Conduct quantitative analysis of market data to uncover relationships and identify historical trends
Extract predictive signals from financial data through both traditional statistical analysis methods and cutting edge machine learning techniques
Assist software developers to translate research strategies into production software
Optimize the order execution and risk management of our trading system
Create robust solutions to problems presented in the trading environment
Formulate and apply mathematical modeling techniques to enhance existing trading strategies and perform innovative new research with the goal of identifying and capturing trading opportunities
Automate human-decision based trading strategies; prototype algorithmic trades from trading ideas

Skills

Key technologies and capabilities for this role

PythonRMATLABC++Machine LearningStatisticsSignal ProcessingOptimizationQuantitative AnalysisData Analysis

Questions & Answers

Common questions about this position

What degree is required for the Quantitative Researcher role?

A degree in a technical discipline with a focus on statistics, machine learning, signal processing, optimization and control is required, for candidates graduating between December 2025 and August 2026 (Bachelor’s, Master’s, PhD).

What programming skills are needed for this position?

Expertise in programming using Python, R, MATLAB, or C++ for conducting research is required.

Is prior experience in financial markets necessary?

No, familiarity with or prior experience in financial markets is not required; training will be provided.

What is the salary for this Quantitative Researcher position?

This information is not specified in the job description.

What is the location or work arrangement for this role?

This information is not specified in the job description.

What does the company culture emphasize for researchers?

The research team collaborates on idea generation and strategy development while encouraging independent exploration and original approaches, valuing autonomy and the ability to quickly pivot.

What makes a strong candidate for this role?

Strong candidates have significant hands-on experience applying machine learning algorithms to real world problems, strong problem-solving and statistics skills, a proactive ability to lead assignments, and can advocate for their beliefs concisely with the team.

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