Trader, Macro

D. E. Shaw Group; New York (NY); On-site; USD 250,000 - 300,000; Full time

Benefits offered by this job

Year-end bonus guaranteed

Medical coverage

401(k) contribution matching

Wellness reimbursement

Family building benefits

Charitable gift match

Job summary

D.E.Shaw Group in New York seeks traders to join its Macro team, focusing on foreign exchange, developing, and emerging markets. The role offers a collegial working environment, collaboration with an innovative team, and substantial growth opportunities.

You’ll employ quantitative methods, build models, forecast markets, and develop data‑visualization tools to support trading ideas. A master’s degree in applied mathematics, finance, economics, or related field is required, with strong ML and

Qualifications

• Master’s degree in a relevant field required.
• Strong background in mathematical modeling and time-series forecasting.
• Experience with data science, regression, ML algorithms, and econometrics.

Responsibilities

• Employ quantitative methods to identify risk factors and trading opportunities.
• Create mathematical models to improve analytical tools.
• Analyze market fundamentals and develop quantitative forecasts.
• Link market fundamentals to price movements using statistics and linear algebra.
• Leverage data science to discern trading patterns and insights.
• Design data-visualization tools to communicate market insights.
• Identify mispricing and explore patterns in price data.
• Update market views and communicate trading opportunities.

Skills

Mathematical modeling

Time-series forecasting

Data science

Regression analysis

Machine learning

Python

Stata

Matlab

Econometrics

Linear algebra

Signal processing

GMM

PCA

Education

Master’s degree in applied mathematics, finance, economics, or related field

Tools

Python

Stata

Matlab

Job description

Join our D.E.Shaw group in New YorkThe D.E.Shaw group seeks traders to join its Macro team, focused on foreign exchange, developing, and emerging markets. The Macro group offers a collegial working environment, the chance to collaborate with an innovative team, and substantial growth opportunities.

What you’ll do day-to-day

• Employ quantitative financial methods to identify risk factors in the market and recommend trading opportunities.
• Create mathematical models to improve analytical tools.
• Analyze market fundamentals and develop quantitative forecasts using statistical and time ‑ series analytical techniques.
• Link market fundamentals to price movements through the application of linear algebra and statistics to quantify fundamental impacts.
• Leverage expansive datasets with data ‑ science techniques to discern trading patterns and generate novel insight into market fundamentals.
• Design and develop data ‑ visualization tools to generate insights into the market.
• Apply mathematical techniques to assess and identify systematic mispricing and explore patterns hidden in price data.
• Integrate analysis and insight to update market views, recommend trading opportunities, identify risk factors, and communicate opinions.

What we’re looking for

A master’s degree in applied mathematics, finance, economics, or a related field of study.

Knowledge or experience in the following must have been gained through academic research and/or coursework: mathematical modeling and time-series forecasting; linear and nonlinear models; data science, including data cleaning, visualization, and regression analysis; statistical and machine learning algorithms; deploying AI techniques on existing analyses; computational simulation and modeling in Python, Stata, and Matlab; machine learning techniques, including GMM, principal components analysis, and data-driven choice of tuning parameters; econometrics; linear algebra; and signal processing and statistics. As is customary for the employer, applicants who pass initial screening will be required to complete and pass a technical screening.

The annual base salary for this position is $250,000 - $300,000. Our compensation and benefits package includes variable compensation in the form of a year-end bonus, guaranteed in the first year of hire, and benefits including medical and prescription drug coverage, 401(k) contribution matching, wellness reimbursement, family building benefits, and a charitable gift match program.

• variable compensation in the form of a year-end bonus, guaranteed in the first year of hire
• medical and prescription drug coverage
• 401(k) contribution matching
• wellness reimbursement
• family building benefits
• a charitable gift match program

The D.E.Shaw group is an equal opportunity employer.