Junior Trader: Automation, Research & Risk

Cumberland; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Job summary

DRW, a diversified trading firm headquartered in Chicago, seeks a Junior Trader to combine risk management, research and technology to operate trading strategies across multiple asset classes. You will work closely with experienced traders, software engineers and quantitative researchers to ensure optimal system performance.

Responsibilities include operating automated, latency‑sensitive trading systems, conducting quantitative research, back-testing hypotheses, refining strategies and

Qualifications

• Bachelor’s degree in a STEM field (CS/Engineering/Math/Stats/Finance)
• Ability to understand and reason about complex distributed trading systems
• Strong analytical and quantitative mindset
• Proficiency in Python or C++
• Meticulous attention to detail and strong judgement
• Excellent verbal and written communication, cross-team collaboration
• Adaptability in fast-paced, results-oriented environment
• Self-starter with proactive ownership of projects

Responsibilities

• Operate automated, latency-sensitive trading systems
• Conduct quantitative research into strategy performance and back-test hypotheses
• Adjust system parameters based on market conditions
• Manually trade to reduce risk exposure when necessary
• Identify automation opportunities and propose improvements
• Develop internal tools to improve monitoring and desk processes
• Communicate market news and system behavior to team
• Analyze system logs, executions, and market data for feedback

Skills

Python

C++

Distributed trading systems

Analytical thinking

Communication skills

Education

Bachelor’s degree in Computer Science, Engineering, Mathematics, Statistics, Computational Finance, or an equivalent STEM field

Job description

DRW, a diversified trading firm headquartered in Chicago, seeks a Junior Trader to combine risk management, research and technology to operate trading strategies across multiple asset classes. You will work closely with experienced traders, software engineers and quantitative researchers to ensure optimal system performance.

Responsibilities include operating automated, latency‑sensitive trading systems, conducting quantitative research, back-testing hypotheses, refining strategies and