DRW

Quantitative Developer - Mid-Frequency Equities

DRW  •  $175k - $250k/yr  •  Chicago, IL (Onsite)  •  1 month ago
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Job Description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are seeking a Quantitative Developer to architect, implement, and maintain end-to-end production infrastructure supporting mid-frequency equity statistical arbitrage strategies. The role partners closely with researchers, traders and operations to ensure research, back-testing and live-trading systems are performant, reliable and operationally robust.

Key Responsibilities:

  • Architect, implement and maintain end-to-end production infrastructure for mid-frequency equity statistical arbitrage strategies.
  • Develop and maintain research and back-testing platforms.
  • Design, own and operate analytics tools and UI to evaluate and monitor data, signal and trade quality and integrity.
  • Ensure production systems are performant, reliable, observable and operationally robust.
  • Continuously improve system design, scalability and operational resilience.
  • Closely monitor production alpha generation, optimization and trading; raise and resolve issues with the highest efficiency to prevent potential P&L loss.
  • Stay current on state-of-the-art technologies and tools, including technical libraries, computing environments and relevant academic research.

Qualifications:

  • Minimum 3+ years of hands-on quantitative development experience in an equity statistical-arbitrage pod.
  • Demonstrated experience in end-to-end development with direct responsibility for production trading infrastructure.
  • Professional proficiency in Python with excellent coding practices
  • Strong familiarity with Snowflake and demonstrated proficiency in SQL to efficiently clean, transform, and optimize large datasets.
  • Experience with light-weight trader dashboard development
  • Experience with production monitoring, corporate action adjustment, and a strong sense of operational priority.
  • Familiarity with Optimizer a plus but not a must
  • Experience with building intraday system a plus
  • Clear understanding of the end-to-end equity systematic trading stack, including:
    • Data ingestion, validation, and normalization
    • Back-testing and simulation
    • Portfolio construction and constraint enforcement
    • live trading support
  • Strong engineering discipline and the ability to work independently with minimal guidance.
  • Ability to adapt in a fast-paced, collaborative and results-oriented environment; able to perform effectively under time-sensitive and high-pressure situations

The annual base salary range for this position is $175,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice

California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice

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DRW

About DRW

At DRW, we identify and capture trading and investment opportunities globally. What sets us apart is our diversified approach—trading across many asset classes and instruments, in markets around the world, with horizons from seconds to years. We succeed by leveraging technology, research and risk management.

We offer the best of both worlds: the opportunity and spirit of a startup and the benefits and stability of an established, experienced firm. Our employees work hard to solve interesting problems, and their results are rewarded. We value continuous learning—from our outcomes, from the environment and from each other. It’s a place of high expectations, deep curiosity, and constant collaboration, with some of the smartest, most passionate people you’ll meet.

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Chez DRW, nous identifions et saisissons les opportunités de négociation et d'investissement au niveau mondial. Ce qui nous différencie, c'est notre approche diversifiée : nous négocions sur de nombreuses classes d'actifs et d'instruments, sur des marchés du monde entier, avec des horizons allant de quelques secondes à plusieurs années. Nous réussissons en nous appuyant sur la technologie, la recherche et la gestion des risques. Nous offrons le meilleur des deux mondes: les opportunités et l'ésprit d’une entreprise en démarrage, et les avantages et la stabilité d'une entreprise établie et expérimentée. Nos employés travaillent dur pour résoudre des problèmes intéressants et leurs résultats sont récompensés. Nous valorisons l'apprentissage continu – de nos résultats, de l’environnement et de chacun de nous. C’est un lieu où les attentes sont élevées, la curiosité est profonde et la collaboration est constante, et où l’on retrouve quelques-uns des individus les plus intelligents et les plus passionnés que vous puissiez rencontrer.

Industry
Finance & Insurance
Company Size
1,001-5,000 employees
Headquarters
Chicago, IL
Year Founded
Unknown
Website
drw.com
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