Quantitative Researcher - Post-Doctoral Intern (US)

Citadel Enterprise Americas LLC; City of Rochester (NY); On-site; USD 205,000 - 264,000; Full time

Job summary

Citadel Securities, a leading global market maker, invites you to an 11-week quantitative internship where you’ll collaborate with senior researchers to develop and test automated trading strategies using sophisticated statistical techniques.

You’ll backtest and implement models in a live trading environment, conceptually valuation strategies, and use unconventional data sources to drive innovation; the program runs June through August, with some flexibility and timing preferences noted in the

Qualifications

• Post-Doctoral 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).
• Experience translating mathematical models and algorithms into code.
• Independent research experience.

Responsibilities

• Conceptualize valuation strategies and improve 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 build monetization systems for trading signals.

Skills

Probability & statistics

Time-series analysis

NLP

Python/R/C++

Independent research

Analytical skills

Communication

Education

Post-Doctoral degree in a quantitative field

Tools

Python

R

C++

Job description

At Citadel Securities, a leading global market maker, our team of quantitative researchers models the markets and brings trading strategies to life every day. Specifically, this team develops and tests automated quant trading strategies using sophisticated statistical techniques. 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.

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. Occasionally, we can be flexible to other times of the year. You will be able to indicate your timing preference in the application.

Your 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

Your Skills & Talents

• Post-Doctral 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

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