Bachelor's degree in a STEM field (Computer Science, Engineering, Mathematics, etc.)
Understanding of complex distributed trading systems
Strong analytical and quantitative skills
Proficiency in programming languages like Python or C++
Meticulous attention to detail and strong judgment
Excellent verbal and written communication skills
Ability to thrive in fast-paced, high-pressure environments
Self-starter with proactive project ownership
Responsibilities
Operate automated, latency-sensitive trading systems
Conduct quantitative research and back-test trading strategies
Dynamically adjust system parameters based on market conditions
Manually trade to mitigate risk exposure when necessary
Identify automation opportunities and propose system improvements
Develop internal tools to enhance operational efficiency
Communicate market news and system behavior to team members
Analyze system performance through logs and market data
Benefits
Comprehensive medical, pharmacy, dental, and vision insurance
401k with discretionary employer match
Short and long-term disability insurance
Life and AD&D insurance
Health savings accounts and flexible spending accounts
Full Job Description
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.
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About DRW
DRW is a financial trading firm that specializes in derivatives trading. The company was founded in 1992 by Don Wilson and has since grown to have offices in Chicago, London, Montreal, New York, and Singapore. DRW trades a variety of financial instruments, including futures, options, and cryptocurrencies. The company is known for its quantitative trading strategies and has developed a number of proprietary trading systems. DRW is also involved in venture capital and has invested in a number of technology startups.
