Research Engineer

P2P; New York (NY); On-site; USD 175,000 - 225,000; Full time

Benefits offered by this job

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

Flexible spending accounts

Job summary

DRW is hiring a Research Engineer to join its fast-moving systematic trading team. You will work with researchers to implement studies, simulate strategies, and develop algorithms to compete in financial markets, embedding with traders and portfolio managers to extract domain models and build scalable solutions.

You will collaborate across engineering teams to push prototypes into production, continuously evaluating new tech and improving the stack in a high-performance, customer-facing

Qualifications

• Bachelor’s degree in Computer Science, Computer Engineering, or related field.
• 2+ years’ experience using Python in a production setting.
• Strong understanding of quantitative finance and mathematics.
• Experience with Linux-based, large-scale, concurrent, high-throughput, low-latency software systems.
• Track record of working directly with end customers, scoping and delivering production systems in fast-moving environments.
• Exceptional interpersonal skills and ability to collaborate with engineers and stakeholders.
• Experience with low-level systems programming languages (C/C++, Rust, Zig) is a plus.
• Experience with functional programming is a plus.

Responsibilities

• Work directly with researchers to implement studies, simulate strategies, and develop algorithms.
• Embed with trading desks, learn problem spaces, and build ergonomic, performant engineering solutions.
• Collaborate with other engineering teams to accelerate the research lifecycle from prototype to production.
• Evaluate new technology and continuously improve the technology stack.

Skills

Python

Quant finance

Linux systems

End customers

Collaboration

C/C++/Rust

Functional programming

Education

Bachelor’s degree in Computer Science or Computer Engineering

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.

About the Team

We are a fast-moving and progressively-thinking team that intimately collaborates with traders and quantitative researchers to implement, refine and deploy alpha signals, evaluate and maintain trading tools, improve our research pipeline, while ensuring that our code bases remain nimble, maintainable and extensible.

We embed deeply with our customers to solve high-impact, complex problems.

We move quickly when we prototype, and we tread lightly when we ship to production.

We operate at the intersection of ensuring customer success and creating quality products that stand the test of time.

About the Role

As a Research Engineer, you will be an integral member of a systematic trading team comprised of experienced technologists, quantitative researchers, and traders. You will:

• Work directly with researchers to implement research studies, simulate trading strategies, and develop algorithms to compete in financial markets.
• Embed with trading desks, work intimately with traders and portfolio managers, learn about their problem spaces, extract domain models, and build ergonomic, performant and extendable engineering solutions
• Collaborate with other engineering teams to accelerate the research lifecycle from strategy prototype to production deployment
• Evaluate new technology and improve our technology stack on a continuous basis

What you bring to the team:

• Bachelor’s degree in Computer Science, Computer Engineering, or related field
• A minimum of 2+ years’ experience using Python in a production setting
• A strong understanding of quantitative finance and mathematics
• Experience with linux-based, large-scale, concurrent, high-throughput, low-latency software systems
• A track record of working directly with end customers, scoping and delivering production systems in fast-moving and ambiguous environments
• Exceptional interpersonal skills - you communicate clearly with stakeholders as well as other engineers, fostering a collaborative, supportive working environment.
• Experience with low-level systems programming languages (C/C++, Rust, Zig) is a plus
• Experience with functional programming is a plus

The annual base salary range for this position is $175,000 to $225,000, 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:

• 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
• flexible spending accounts

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