Quantitative Research Analyst - Intern (US)

Citadel LLC; City of Rochester (NY); On-site; USD 204,750 - 263,900; Full time

Benefits offered by this job

Weekly pay

Sign-on bonus

Housing stipend

Company travel

Fitness facilities

Catered meals

Networking events

Job summary

Citadel LLC is offering a 11-week Quantitative Research internship across New York, Greenwich, and Miami. You will develop models, backtest strategies, and translate algorithms into code using Python, R, or C++.

The program emphasizes collaboration with senior team members and networking with peers during June through August. Interns will work on valuation strategies, leverage unconventional data sources, and conduct statistical analysis to refine monetization systems for trading signals.

Qualifications

• Bachelor's or master's in a quantitative field.
• Strong knowledge of probability and statistics (e.g., ML, time-series, NLP).
• Experience translating mathematical models and algorithms into code.
• Prior experience in a data-driven research environment.
• Independent research experience.
• Ability to manage multiple tasks in a fast-paced team.

Responsibilities

• Conceptualize valuation strategies and develop mathematical models.
• Back test and implement trading models and signals in a live trading environment.
• Use unconventional data sources to drive innovation.
• Conduct research and statistical analysis to monetize trading signals.

Skills

Quantitative analysis

Python

R

C++

Statistics

Communication

Education

Bachelor's or master's in a quantitative field

Tools

Python

R

C++

Job description

Our mission is to be the most successful investment team in the world. Quantitative Researcher Analysts play a key role in this mission by developing next-generation models and trading approaches for a range of investment strategies. You’ll get to challenge the impossible in quantitative research by applying sophisticated and complex statistical techniques to financial markets, some of the most complex data sets in the world.

Overview

As an intern, you’ll dive into research through an 11-week program that will allow you to collaborate and connect with senior team members. In addition, you’ll get the opportunity to network and socialize with peers throughout the internship. Our signature internship program takes place June through August, although occasional flexibility to other times of the year is possible.

Objectives

• Conceptualize valuation strategies, develop, and continuously improve upon mathematical models and help translate algorithms into code.
• Back test and implement trading models and signals in a live trading environment.
• Use unconventional data sources to drive innovation.
• Conduct research and statistical analysis to build and refine monetization systems for trading signals.

Skills & Talents

• Bachelor's or master's degree in mathematics, statistics, physics, computer science, or another highly quantitative field.
• Strong knowledge of probability and statistics (e.g., machine learning, time-series analysis, pattern recognition, NLP).
• Prior experience working in a data-driven research environment.
• Experience with translating mathematical models and algorithms into code (Python, R or C++).
• Independent research experience.
• Ability to manage multiple tasks and thrive in a fast-paced team environment.
• Excellent analytical skills, with strong attention to detail.
• Strong written and verbal communication skills.

Locations

Opportunities available in New York, Greenwich, and Miami.

Benefits

• Weekly pay.
• Highly competitive sign-on bonus, housing stipend or covered living accommodations, company-sponsored travel.
• On-site fitness and wellness amenities, catered meals, and social and networking events.

In accordance with applicable law, the base salary range for this role is $4,500 to $5,800 per week.