2027 Data Science Intern New York, New York, United States

Schonfeld; New York (NY); On-site; USD 100,000 - 110,000; Full time

Job summary

Schonfeld offers a data science internship to a motivated student. You will work with engineering to optimize data pipelines, collaborate with portfolio teams to extract insights, and develop domain expertise across asset classes.

You will generate features and validate ideas via backtesting, contributing to Schonfeld's proprietary datasets and investment strategies. The internship spans 10 weeks, with mentorship and learning sessions to accelerate your development in finance and data science.

Qualifications

• Pursuing a degree in a quantitative field such as computer science, data science or financial engineering.
• Proficiency with statistical and machine learning packages for quantitative analysis.
• Experience researching and analyzing financial datasets.
• Attention to detail and strong communication skills.
• Strong passion for financial markets and related datasets.
• Knowledge of deep learning models.

Responsibilities

• Work closely with engineering teams to optimize data ingestion pipelines and ensure high-quality data input.
• Collaborate with portfolio manager teams to extract insights and generate features or signals for alpha generation.
• Develop domain expertise across financial asset classes and datasets.
• Produce curated datasets to standardize research and conduct quantitative analysis to generate ideas and validate hypotheses through backtesting.

Skills

Python

SQL

Statistical ML

Financial data research

Attention to detail

Communication

Deep learning

AI tools

Education

Quantitative degree

Tools

Spark

Kafka

Docker

Airflow

Job description

We are excited to offer an internship opportunity for a talented student to join the data science team at Schonfeld. The data science team is responsible for creating Schonfeld's proprietary curated and feature datasets, conducting data analytics and research, and ultimately add value to various investment strategies.

What You’ll Do

As a data scientist, you will work closely with the engineering teams to optimize data ingestion pipelines, ensuring high-quality data input. You will also collaborate with portfolio manager teams to extract insights from data and systematically generate features or signals that feed into the alpha generation process. Additionally, you will develop domain expertise across various financial asset classes and datasets, produce curated datasets to standardize research, conduct quantitative analysis to generate ideas and validate hypothesis through backtesting. The ideal candidate will possess both a passion for data science disciplines and a strong interest in financial markets.

What You’ll Bring

What you need:

• Knowledge of Python, SQL, or other programming languages
• Proficiency with statistical and machine learning packages for quantitative analysis
• Experience researching and analyzing financial datasets
• Attention to detail and strong communication skills
• Degree in quantitative field such as computer science, data science or financial engineering
• Strong passion for financial markets and related datasets
• Knowledge of deep learning models
• Familiarity with AI tools to accelerate work, with a focus on adding analysis and insight
• Experience with any of the following technologies: Spark, Kafka, Docker, Airflow
• Knowledge of financial asset classes such as equity, futures, and fixed Income

Our Internship

Kick-start your career in finance with the Schonfeld Summer Internship!Over the course of 10 action-packed weeks, you will have the opportunity to build solutions that tackle real-world challenges and leave a lasting impact on the firm. As an intern, you’ll join a close-knit team that is ready to support your growth and accelerate your career. We will pair you with a dedicated manager and a mentor who’ll guide your development over the course of the internship and beyond.Throughout the program, you will have the chance to connect with senior leaders through a series of learning sessions, attend hands‑on skills workshops, network at social events and get a behind-the-scenes look at how various functions power the firm. We’ll empower you to bring your ideas to life and make an impact.

Who We Are

Schonfeld is a global multi‑manager hedge fund that strives to deliver industry‑leading risk‑adjusted returns for our investors. We leverage both internal and external portfolio manager teams around the world, seeking to capitalize on inefficiencies and opportunities within the markets. We draw from decades of experience and a significant investment in proprietary technology, infrastructure and risk analytics to invest across four main strategies: Quant, Tactical, Fundamental Equity and Discretionary Macro & Fixed Income.

Our Culture

At Schonfeld, we’ll invest in you. Attracting and retaining top talent is at the heart of what we do, because we believe that exceptional outcomes begin with exceptional people. We foster a culture where talent is empowered to continually learn, innovate and pursue ambitious goals. We are teamwork‑oriented, collaborative and encourage ideas—at all levels—to be shared. As an organization committed to investing in our people, we provide learning and educational offerings and opportunities to make an impact. We encourage community through internal networks, external partnerships and service initiatives that promote inclusion and purpose beyond the firm’s walls.

The annual base pay for this role is expected to be between $100,000 and $110,000 which will be prorated based on internship start and end date. The expected base pay range is based on information at the time this post was generated. Actual compensation for the successful candidate will be determined based on a variety of factors such as skills, qualifications and experience and level of education.

U.S. Demographic Information (Completion is voluntary)

Individuals seeking employment at Schonfeld are considered without regards to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, or sexual orientation.

At Schonfeld, we strive to cultivate a sense of belonging throughout all of our employees with Diversity, Equity and Inclusion at the forefront of this mission. As a firm we are committed to creating a hiring process which is not only fair, but also welcoming and supportive. As a part of that, we want to encourage candidates to voluntarily complete the following survey which helps us keep track of how we are doing in our efforts.

Completion of the form is entirelyvoluntary. Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file.

Please note that all options below are as per EEOC guidelines and definitions.

Race & Ethnicity Definitions
American Indian or Alaskan Native - A person having origins in any of the original peoples of North and South America (including Central America), and who maintain tribal affiliation or community attachment.
Asian- A person having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian Subcontinent, including, for example, Cambodia, China, India, Japan, Korea, Malaysia, Pakistan, the Philippine Islands, Thailand, and Vietnam.
Black or African American- A person having origins in any of the black racial groups of Africa.
Hispanic or Latino- A person of Cuban, Mexican, Puerto Rican, South or Central American, or
other Spanish culture or origin regardless of race.
White- A person having origins in any of the original peoples of Europe, the Middle East, or North Africa.
Native Hawaiian or Other Pacific Islander- A person having origins in any of the peoples of Hawaii, Guam, Samoa, or other Pacific Islands.
Two or More Races- All persons who identify with more than one of the above five races.