Quantitative Researcher

P2P; New York (NY); On-site; USD 175,000 - 200,000; Full time

Benefits offered by this job

Annual discretionary bonus

Comprehensive employee benefits

401k with employer match

Job summary

A top trading firm in New York City is seeking Quantitative Researchers to join their Mid-Frequency Systematic Trading team. In this role, you'll apply machine learning and statistical methods to develop trading models and work collaboratively throughout the strategy lifecycle. Ideal candidates will have at least 2 years of experience in systematic trading research and strong programming skills in Python. This position offers a competitive salary ranging from $175,000 to $200,000, along with a comprehensive benefits package, including insurance and 401k options.

Qualifications

• 2+ years of work experience in statistical arbitrage or systematic trading research.
• Proven ability to conduct research with large, noisy datasets.
• Ability to own and drive open-ended problems.

Responsibilities

• Apply statistical and machine learning methods to build trading models.
• Contribute to the full strategy lifecycle from research to execution.
• Prototype new ideas and write production-quality code.

Skills

Statistical analysis

Machine learning

Python programming

C++ programming

Education

Degree in quantitative or technical discipline

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 for Quantitative Researchers to join our expanding Mid-Frequency Systematic Trading team in New York City.

Responsibilities

• Apply statistical and machine learning methods across diverse datasets to build trading models that capture novel signals in market behavior.
• You will contribute across the full strategy lifecycle — from alpha research and signal generation to portfolio optimization and execution logic.
• You will prototype new ideas, investigate strategy components, and write production-quality code to bring them to life.
• We're a highly collaborative team that moves quickly and holds a high bar for rigor. We invest in mentorship and hands-on guidance to help you ramp up and grow.

Qualifications

• 2+ years of prior work experience in statistical arbitrage or systematic trading research
• Proven ability to conduct research with large, noisy real-world datasets
• Strong programming skills, with proficiency in Python for data analysis and machine learning. Experience with C++ a plus but not required
• Degree in a quantitative or technical discipline, such as statistics, computer science, physics, mathematics or economics. All levels welcome, from bachelor's to doctorate
• Deep‑diving, detail-oriented thinker with a strong bias for action and ability to excel in a fast-paced environment
• Ability to own and drive open-ended problems, explore novel approaches, and communicate complex ideas clearly

The annual base salary range for this position is $175,000 to $200,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long‑term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

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California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.

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