Quantitative Researcher, Equity Vol

• Our European Equity Vol desk is searching for an exceptional Quantitative Researcher to join their growing team. This is an opportunity to join a dynamic and versatile risk-taking desk with a cutting-edge technology platform on which to model, execute and risk manage trades. This role presents a unique opportunity to work on sophisticated pricing, analytics and back testing models that will immediately impact trading with a tight feedback and iteration loop.

  Responsibilities

  • Collaborate with the QR team to develop and maintain pricing, analytics, back testing and risk management models/tooling.
  • Utilise historical data and numerical modelling to inform live trading ideas for a global, risk-taking portfolio.
  • Partner with traders in real-time and incorporate feedback into the research process.
  • Deliver clean, scalable solutions developed in collaboration with global peers.
  • Must be comfortable working independently on complex deliverables.
  • Ability to think independently and challenge the consensus.
  • Participating in the Intern and Grad hiring programs for Quant Research

  Requirements

  • 2-5 years of experience with quantitative options modelling, preferably in close proximity to trading.
  • A Master's or PhD in a relevant quantitative field such as pure or applied mathematics, physics, operations research, statistics, etc…
  • A deep understanding of options pricing and risk management including the numerical methods required for practical implementations.
  • Exceptional mathematical ability, ideally with a focus in stochastic calculus and econometrics.
  • Proficiency in programming languages such as Python/C++ and statistical packages such as R and Matlab
  • Ability to explain complex mathematical concepts in an intuitive way to traders
  • A can-do attitude with an iterative mindset for solving problems focused on achieving practical results fast

  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.

  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.

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.

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.