Equity Analyst – Special Situations

Trading Interview; Chicago, Northern (IL, KY); Hybrid; USD 150,000 - 250,000; Full time

Benefits offered by this job

Group medical insurance

Pharmacy insurance

Dental insurance

Vision insurance

401k (with discretionary employer m

Disability insurance

Life and AD&D insurance

Health savings accounts

Flexible spending accounts

Job summary

DRW, headquartered in Chicago, seeks a Special Situations Equity Analyst to join the Chicago-based trading and research team. You will provide real-time analysis of corporate actions and special situations, translating insights into forward-looking views for traders across equity and derivatives markets.

You will build models, monitor distributions, and collaborate with software engineers to automate data collection while liaising with external data vendors.

Qualifications

• Strong understanding of financial markets and the impact of events on company valuations.
• Extreme attention to detail and accuracy.
• Strong understanding of descriptive statistics.
• Coding capability in Python, R, Matlab or similar statistical language.
• Ability to synthesize qualitative and quantitative information from often disparate and incomplete sources.
• Experience working with large data sets.
• Understanding of options pricing and greeks.

Responsibilities

• Provide real-time analysis on corporate events, distressed scenarios, capital structure dislocations, and other unique situations.
• Work with traders to generate trades around the research process output.
• Maintain financial models and valuation scenarios to analyse companies’ performance.
• Monitor and build probability distributions for upcoming events to anticipate stock performance and volatility.
• Develop catalyst-driven theses around new and existing corporate actions.
• Research and propose new strategies adjacent to the desk’s existing playbook.
• Work with Software Engineers to develop automated web scrapers and other data analytics tools.
• Manage external relationships with sell side research desks, data vendors, and brokers.
• Engage with the DRW hiring process in order to help build out the team.

Skills

Markets knowledge

Python

R

Matlab

Data analysis

Tools

Python

R

Matlab

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.

DRW is looking to bring on a Special Situations Equity Analyst to join the Chicago based trading and research team. The role will be to work primarily with the Equity teams, however, DRW, as a multi-asset proprietary trading firm, provides the opportunity to collaborate in a wide range of products as well. The goal is to work with trading teams to provide fundamental insight into Corporate Actions and Special Situations as well as the structuring of trades. As an Equity Analyst, you will be responsible for understanding the current environment and market drivers and translating that into a forward-looking view. We are looking for a result driven individual who enjoys the challenge of understanding a situation in a much greater level of detail than anyone else in the market. In addition to providing daily research updates and real-time coverage for the traders, this role will be an opportunity to build a scalable process which can extend across the universe of listed equities and options. Another responsibility will be liaising with external data vendors to evaluate their products and working with software developers and quantitative researchers to implement a suitable database on which trade ideas can be generated. Understanding the impact of events on derivatives markets will be a key driver of success. This is a rare opportunity to be in a research role on a team with a large appetite for growth, where ideas can be translated into trades quickly, and a chance to be associated with the resulting revenue stream.

Responsibilities:

• Provide real-time analysis on relevant corporate events, distressed scenarios, capital structure dislocations, and other unique situations
• Work with traders to generate trades around the research process output
• Maintain financial models and valuation scenarios to analyse companies’ performance
• Monitor and build probability distributions for upcoming events to anticipate stock performance and volatility
• Develop catalyst-driven theses around new and existing corporate actions
• Research and propose new strategies adjacent to the desk’s existing playbook
• Work with Software Engineers to develop automated web scrapers and other data analytics tools
• Manage external relationships with sell side research desks, data vendors, and brokers
• Engage with the DRW hiring process in order to help build out the team

Requirements:

• Strong understanding of financial markets and the impact of events on company valuations
• Extreme attention to detail and accuracy
• Strong understanding of descriptive statistics
• Coding capability in Python, R, Matlab or similar statistical language
• Ability to synthesize qualitative and sometimes messy quantitative information, from often disparate and incomplete sources
• Experience working with large data sets
• Understanding of options pricing and greeks

The annual base salary range for this position is $150,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus.

Benefits:

• group medical insurance
• pharmacy insurance
• dental insurance
• vision insurance
• 401k (with discretionary employer match)
• short and long-term disability
• life and AD&D insurance
• health savings accounts
• 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 .

DRW is a team of innovative and ambitious individuals who use the power of free markets to solve challenging problems, capture opportunities, and pursue positive change. In 1992, the founder…