Quantitative Researcher
DRW is a Chicago-based diversified trading firm that uses technology, quantitative research, and risk management to provide liquidity across traditional and digital-asset markets.
About DRW
Founded by Don Wilson in 1992, DRW trades for its own account across global markets and operates strategies in cryptoassets, venture capital, real estate, carbon markets, and public-equity investments. Its crypto business, Cumberland, has provided institutional crypto-asset liquidity since 2014.
Skills
Candidate Availability
Required and preferred rules are kept separate and reflect the wording in the original posting.
About the Role
You develop mathematical models using statistical learning methods to build automated trading strategies across asset classes. You analyze market data, extract predictive signals, translate research strategies into production software, optimize execution and risk management, and prototype algorithmic trades.
Requirements
- Technical degree focused on statistics, machine learning, signal processing, optimization and control
- Graduation between December 2026 and August 2027
- Experience handling large datasets
- Programming expertise in Python, R, MATLAB or C++
- Hands-on experience applying machine learning algorithms to real-world problems
- Strong problem-solving and statistics skills
- Ability to lead assignments and deliver research results promptly
Responsibilities
- Extract predictive signals from financial data
- Assist software developers in translating research strategies into production software
- Optimize order execution and risk management
- Create solutions to trading-environment problems
- Apply mathematical modeling techniques to trading strategies
- Automate human-decision-based trading strategies
- Prototype algorithmic trades from trading ideas
Benefits
- Group medical insurance
- Pharmacy insurance
- Dental insurance
- Vision insurance
- 401k with discretionary employer match
- Short-term disability insurance
- Long-term disability insurance
- Life insurance
- AD&D insurance
- Health savings accounts
- Flexible spending accounts