2027 Trading Strategy Associate

Dodge-; San Francisco (CA); On-site; USD 125,000 - 155,000; Full time

Benefits offered by this job

Healthcare premiums covered for you

Retirement plan funded at IRS limit

Commuter benefits

Employee assistance program

Job summary

At Dodge & Cox in San Francisco, the Trading Strategy Associate joins the Equity Trading team to develop and test execution strategies across global markets. You will analyze market micro-structure, design signals and pre/post-trade analytics, and collaborate with researchers, portfolio implementation, and analytics teams.

The ideal candidate holds a master's in a quantitative field, has 2+ years of financial experience, and is proficient in Python, SQL, and ML techniques.

Qualifications

• Master's degree in financial engineering, data science, or other quantitative field
• 2 years’ relevant work experience at a financial institution preferred
• Knowledge of trading algorithm design and analysis
• Knowledge of trade executions and execution performance analysis
• Basic knowledge of global market microstructure
• Strong statistical and programming foundation (Python, R, MATLAB, C++ or similar)
• Knowledge of AI/ML methods including deep learning and reinforcement learning
• Familiarity with AI tools/frameworks (PyTorch, TensorFlow)
• Basic SQL/data management knowledge
• Willingness to cover different markets and trading hours
• CFA or interest in CFA designation

Responsibilities

• Research trading algorithm properties and market micro-structure
• Analyze market data and create evaluation frameworks for strategies and tools
• Advise execution traders on strategy and tactics
• Develop and automate trade execution analysis and performance measurement
• Develop trading signals/models to improve execution
• Leverage AI/ML to enhance signal research and analytics
• Develop and improve trading workflows and data/vendor assessment
• Participate in ad-hoc analyses and internal projects

Skills

Financial engineering

Data science

Quantitative methods

Python

R

MATLAB

C++

Machine learning

Reinforcement learning

SQL

Algorithm design

Execution analysis

CFA

Education

Master's degree in quantitative field

Tools

PyTorch

TensorFlow

LLMs

Job description

Role OverviewThe Trading Strategy Associate will be an integral member of the Equity Trading team at Dodge & Cox. The Equity Trading team is responsible for implementing tactical and investment decisions in markets globally. The team is comprised of creative problem solvers who not only execute trades but also work closely with investment committee members; research analysts; and portfolio implementation, trade analytics, and strategy teams to develop strategic approaches to sourcing liquidity.The Trading Strategy Associate will be expected to integrate into a teamwork-driven culture that values cooperation and communication in its decision-making processes. This is a 2-to-4-year position with the potential for longer-term employment.Key ResponsibilitiesResearch the properties of trading algorithms and perform in-depth analyses of global market micro-structureAnalyze market and trading data and create frameworks to evaluate existing trading strategies and toolsAdvise and consult with execution traders on execution strategy and tacticsDevelop pre-trade, intra-trade, and post-trade execution analysis for trading in Equity and FX marketsDevelop and automate execution performance measurement framework and reportingDevelop and implement trading signals/models to help improve execution performanceLeverage AI and machine learning techniques, including deep learning and reinforcement learning, to enhance trading signal research, execution strategies, and analyticsHelp to develop and improve trading workflows, including assessment of third-party vendor tools and third-party dataPerform ad-hoc analyses/participate in projects as required by internal clientsIdeal Candidate ProfileHighly organized and detail-oriented, with outstanding time management skillsFlexible, reliable, proactive, and service-orientedStrong analytical and problem-solving skillsAbility to manage multiple priorities and meet deadlinesExcellent written and verbal communication skillsAbility to work effectively and contribute in a team environment, as well as independentlyPassionate about contributing to the growth of a developing and evolving function of the businessQualificationsMaster's degree in financial engineering, data science, or other quantitative field2 years’ relevant work experience at a financial institution preferred, or post-undergraduate internship experience that demonstrates exceptional potentialKnowledge of and/or exposure to trading algorithm design and analysisKnowledge of and/or exposure to trade executions and/or execution performance analysisBasic knowledge of global market microstructureStrong statistical and programming foundation using Python, R, MATLAB, C++ or similar languagesKnowledge of AI and machine learning methods, with demonstrated depth in deep learning (e.g., neural network architectures, model training and evaluation) and reinforcement learning (e.g., policy optimization, sequential decision-making) and their application to trading problemsFamiliarity with modern AI tools and frameworks (e.g., PyTorch, TensorFlow, LLM-based tools) to accelerate research, prototyping, and workflow automationBasic knowledge of data management using SQL and other database toolsWillingness and flexibility to cover different markets and trading hoursCFA or demonstrated interest in obtaining the CFA designationThe salary range for this position is $125k - $155kThe listed pay scale denotes only the pay range of the base salary and does not include discretionary bonus compensation, which may make up an important portion of the total remuneration. Dodge & Cox encourages applicants to consider the value of the many competitive benefits it offers, including coverage of 100% of all healthcare premiums for employees and their families and fully funding a retirement plan at 25% of the total compensation to the IRS limit. Dodge & Cox also provides additional benefits such as commuter, health & wellness, backup care, matching gift, employee assistance, and life and disability insurance. The listed pay scale reflects the base salary Dodge & Cox reasonably expects to pay for this position and is not a reflection of the highest and lowest base salary of any current Dodge & Cox employee. Actual base salary will be based on factors such as the candidate's prior relevant experience (including within and external to Dodge & Cox, as applicable), education, skills, and knowledge.The job description above is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. It is the Company’s policy to provide equal opportunity to all persons without regard to race, color, religion, sex, pregnancy, marital or domestic partner status, sexual orientation, gender identity or expression, age, ancestry, national origin, disability, or medical condition, as defined in state and federal laws. This policy covers all aspects of employment including, but not limited to, recruitment, selection, training, promotion, transfer, compensation, demotion, and termination. By applying for a position with Dodge & Cox, you acknowledge that you have read our EEO PolicyAll Dodge & Cox employees must adhere to the Firm’s security policies and Code of Ethics. Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.