Prediction Markets Quant Researcher - ML Signals

Unchain Data; Chicago (IL); On-site; USD 200,000 - 300,000; Full time

Job summary

DRW in Chicago is seeking a Quantitative Researcher to join the Prediction Markets team. The role blends quantitative modeling, data analysis, and strategy development to identify opportunities in rapidly evolving markets, working with traders and engineers across the full lifecycle from research to production trading.

The strongest candidates will have 2+ years in quantitative roles, a degree in a quantitative field, and a passion for financial markets.

Qualifications

• 2+ years of experience in quantitative research, systematic trading, data science, or a related field.
• Degree in a quantitative or technical discipline such as mathematics, statistics, computer science, engineering, physics, or economics.
• Strong knowledge of probability, statistics, and quantitative modeling.
• Experience conducting research with large, noisy, real-world datasets.
• Strong programming skills, particularly in Python.
• Ability to formulate and independently drive open-ended research problems.
• Strong attention to detail and a rigorous approach to testing and validating results.
• Ability to communicate complex ideas clearly and work effectively with traders, researchers, and engineers.
• Intellectual curiosity and a genuine interest in financial markets and prediction markets.

Responsibilities

• Apply statistical and machine learning methods to develop predictive models and trading signals
• Analyze large and diverse datasets to identify market opportunities and inefficiencies
• Research how short-term signals from related financial markets can improve prediction-market pricing and trading
• Conduct research into pricing, market making, market microstructure, execution, and risk management
• Conduct rigorous quantitative research and evaluate strategies through backtesting and simulation
• Develop analytical tools to monitor performance and improve live strategies
• Collaborate with traders and engineers to translate successful research into production trading systems
• Explore new products, datasets, and approaches as the prediction-markets business expands

Skills

Quantitative reasoning

Statistical analysis

Data science

Education

Bachelor's degree in a quantitative field

Tools

Python

Job description

DRW in Chicago is seeking a Quantitative Researcher to join the Prediction Markets team. The role blends quantitative modeling, data analysis, and strategy development to identify opportunities in rapidly evolving markets, working with traders and engineers across the full lifecycle from research to production trading.

The strongest candidates will have 2+ years in quantitative roles, a degree in a quantitative field, and a passion for financial markets.