Equity Volatility Quant Researcher Intern (Summer 2027)

Walleye Capital Internships; Miami (FL); On-site; USD 203,000 - 243,000; Full time

Job summary

Walleye Capital in Miami, FL is offering a 10-week Equity Volatility Quant Researcher Intern for Summer 2027. You will join the Equity Volatility team and work on real quant research, data analysis, and trading workflow exposure.

Candidates are undergrad in a quantitative field with strong Python skills and experience handling large datasets; expected graduation between December 2027 and June 2028, working closely with seasoned PMs and researchers in a high‑caliber environment.

Qualifications

• Pursuing an undergraduate or non-MBA advanced degree in a quantitative field with an expected graduation date between December 2027 and June 2028.
• Strong programming skills in Python and experience working with large datasets, APIs, or databases.
• Solid knowledge of probability, statistics, time-series analysis, machine learning, and optimization.

Responsibilities

• Build a strong foundation in options markets from both academic and practitioner perspectives.
• Stay updated on macro developments and headlines and assess implications for trading decisions and risk.
• Collaborate with portfolio managers and researchers specializing in single-stock and index volatility strategies.
• Conduct quantitative research tasks using large volatility datasets.
• Enhance research infrastructure and tools for trading and risk management, leveraging AI.

Skills

Python

Large datasets

APIs

Time-series

Education

Undergraduate in quantitative field

Tools

Pandas

NumPy

SQL

Git

Job description

Equity Volatility Quant Researcher Intern (Summer 2027)

Miami, FL

Position: Equity Volatility Quant Researcher Intern (Summer 2027)

Location: Miami, FL

Firm Overview:

Walleye Capital is a ~$17 billion+ multi-strategy investment firm headquartered in New York City, with over 350 employees across five main offices. Founded in 2005 as an options market maker, we have organically grown into a global investment firm specializing in Fundamental Equities, Quant, and Volatility strategies.

At Walleye, we continuously innovate by focusing on three core principles: approach, platform, and people. Our approach is to allocate risk capital where we believe there is not only a compelling opportunity, but also a clear ability to define our tangible edge. We seek to leverage the mathematical benefits of diversification while utilizing sophisticated infrastructure, technology, and our balance sheet to do so in a structurally advantageous way. Our platform, developed over two decades, is central to our operations, evolving alongside business complexities and technological advancements to support our team’s success. Our people are our greatest asset, and we’ve cultivated an environment that attracts top talent by balancing autonomy with collaboration, and intelligence with integrity.

Position Overview:

Walleye Capital is seeking exceptional Quant Researcher Interns to join its longest-standing business, Equity Volatility, for Summer 2027. We make markets in U.S. single stock and index options, running a diverse set of strategies – systematic and discretionary, grounded in both quantitative rigor and qualitative insight. With a strong foundation, our group operates at the frontier of innovation – continually evolving our strategies and infrastructure as the options landscape grows in scale, complexity, and opportunity.

This high-impact internship is designed for deeply analytical, technically adept students with a strong intellectual curiosity about options markets. Interns will play a meaningful role in advancing quantitative research projects that drive real‑world trading decisions. Structured to reflect the responsibilities of a full‑time quant researcher, the program offers immersive, hands‑on exposure to our end‑to‑end research and trading workflows, providing an authentic and rigorous experience at the intersection of theory and execution.

The internship is 10 weeks in length and will take place in Miami from June to August 2027.

Responsibilities:

• Build a strong foundation in options markets through both an academic and a practitioner’s lens.
• Keep up to date on major macro developments and market‑moving headlines, with a focus on understanding their implications for trading decisions and portfolio risk.
• Collaborate with seasoned portfolio managers and quantitative researchers specializing in single‑stock and index volatility strategies.
• Perform various quantitative research tasks and projects using large‑scale volatility datasets.
• Enhance research infrastructure and tools for trading and risk management, with an emphasis on leveraging AI.

We seek individuals who:

• Are pursuing an undergraduate or non‑MBA advanced degree in a quantitative field, with an expected graduation date between December 2027 and June 2028.
• Possess strong programming skills—particularly in Python—and hold experience working with large datasets, APIs, or databases.
• Demonstrate rigorous analytical thinking with a strong knowledge of probability & statistics (time‑series analysis, machine learning, optimization).
• Are self‑starters who enjoy digging into complex, open‑ended problems and can work both independently and collaboratively with a team.
• Exhibit a genuine interest in financial markets, risk‑taking, and using technology in dynamic, data‑rich environments.
• Showcase creativity and enthusiasm for leveraging AI tools to enhance productivity and improve processes and workflows.
• Thrive in a collaborative culture that values intellectual humility, creativity, and continuous learning.

Pay Range:

The expected monthly pay for this position is $20,000/month. Interns will also receive a $25,000 sign‑on bonus and transportation to and from Miami (domestic travel only).

Walleye is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.

If you require a reasonable accommodation to participate in any part of our hiring process, please contact [e-mail].