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Financial Services, Proprietary Trading, FinTech

Trader

Chicago, ILOnsiteFull Time$150,000–$200,000 /yrPosted 17 days agoVisa sponsorship available

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Required skills

  • Python
  • C++
  • quantitative research
  • strategy performance
  • back-testing
  • distributed trading systems
  • risk management
  • automated trading systems
  • latency-sensitive
  • market conditions

Nice to have

  • trader
  • trading analyst
  • quantitative researcher
  • software engineers
  • Fixed Income
  • ETFs

Role summary

DRW, a diversified trading firm with over 3 decades of experience, seeks a Junior Trader to combine risk management, research, and technology for trading strategies across multiple asset classes. Responsibilities include operating automated, latency-sensitive trading systems, conducting quantitative research, refining strategies, and developing internal tools. The role requires a Bachelor's degree in a STEM field, strong analytical and quantitative skills, proficiency in Python or C++, and excellent communication abilities. The position is based in Chicago and offers a competitive salary and benefits package.

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.

As a Junior Trader, you will have an opportunity to combine the disciplines of risk management, research and technology to operate trading strategies across multiple asset classes. You will work closely with experienced traders, software engineers and quantitative researchers to ensure optimal system performance.

Responsibilities:

  • Operate automated, latency-sensitive trading systems
  • Conduct quantitative research into strategy performance, back-testing hypotheses and refine strategies
  • Adjust system parameters dynamically based on market conditions
  • Manually trade to reduce risk exposure when necessary
  • Identify opportunities for automation and propose improvements to trading systems and operational workflows
  • Develop internal tools and utilities to improve monitoring, operational efficiency, and desk processes
  • Communicate relevant market news, events, and system behaviour to team members in a timely manner
  • Generate feedback on trading system performance through analysis of system logs, executions, and market data

    • Required Experience:

  • Bachelor’s degree in Computer Science, Engineering, Mathematics, Statistics, Computational Finance, or an equivalent STEM field
  • Ability to understand and reason about complex distributed trading systems
  • Strong analytical and quantitative mindset
  • Proficiency in programming languages such as Python or C++
  • Meticulous attention to details, strong judgement and accuracy in work
  • Excellent verbal and written communication skills, with the ability to effectively interact and collaborate across research and engineering teams
  • Ability to adapt in a fast-paced, collaborative, and results-oriented environment, and thrive under time-sensitive and high-pressure situations
  • Self-starter with strong proactivity, sets ambitious goals, willingness to drive and own projects, and proactively identifies opportunities for impact

    • Nice to Have:

  • Prior trader or trading analyst experience preferred

    • The annual base salary range for this position is $150,000 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.

    For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice.

    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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