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Quantitative Systematic Trader – Masters: Summer 2024

  • Job
    Full-time
    Entry Level / Graduate
  • Research & Development
  • Philadelphia

AI generated summary

  • You need a quantitative Master's, strong problem-solving skills, coding experience (especially Python), strategic game interest, and ability to thrive in a fast-paced environment.
  • You will research, analyze, and develop trading signals using quantitative methods and programming tools, collaborate with teams to implement and monitor strategies, and continuously generate and refine new ideas for trading projects.

Requirements

  • Master's degree in a quantitative field such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics
  • Solid, analytical problem-solving skills
  • Excellent logical reasoning
  • Strong communication skills in a fast-paced and/or highly collaborative environment are essential
  • Experience writing code to process and analyze large sets of data, especially in Python
  • Experience in C++ or other low level programming languages is a plus
  • Demonstrated interest in strategic games and/or competitive activities
  • Ability to thrive in a fast-paced environment

Responsibilities

  • This idea can come from anyone: you, the mentor who sits beside you, or someone you meet in the cafeteria.
  • As a Quantitative Systematic Trader, you will investigate that idea by immersing yourself in market data, leveraging tools in mathematics, statistics, and programming.
  • Through your research, you may discover a new pattern that can transform into a trading signal.
  • To assess the strength of that trading signal, you will run it through our backtesting environment and carefully analyze its performance.
  • If that signal produces profitable results, you will work side-by-side with technologists and put it into production.
  • Once that signal is embedded in our electronic trading strategies, you will actively monitor its real-time performance in the financial markets.
  • As your trading strategy evolves, you will discuss with other researchers, strategists, and traders to collect feedback and brainstorm new ideas.
  • Some of those ideas will turn into new quant projects, and the life cycle starts all over again.

FAQs

What skills are required for a Quantitative Systematic Trader role?

Quantitative Systematic Traders should have a strong background in quantitative research, trading, and technology. They should possess analytical skills, programming proficiency, and the ability to communicate effectively with different teams.

What is the main responsibility of a Quantitative Systematic Trader?

The main responsibility of a Quantitative Systematic Trader is to develop new electronic trading strategies and monitor their real-time performance. They are responsible for analyzing market data, identifying trading opportunities, and implementing efficient strategies.

How does a Quantitative Systematic Trader collaborate with different teams within the organization?

Quantitative Systematic Traders collaborate with trading, technology, and quantitative research teams within the organization. They constantly communicate and connect ideas between these disciplines to develop innovative and effective trading strategies.

What is the role of interdisciplinary knowledge in the work of a Quantitative Systematic Trader?

Interdisciplinary knowledge is essential for a Quantitative Systematic Trader as they need to combine quantitative research skills with trading knowledge and technology expertise. This interdisciplinary approach helps them develop holistic strategies and make informed trading decisions.

What is the typical career path for a Quantitative Systematic Trader?

A typical career path for a Quantitative Systematic Trader may involve starting as a junior trader or analyst and gradually moving up to more senior positions. With experience and expertise, they may take on leadership roles within their organization or branch out into other areas of quantitative finance.

Finance
Industry
1001-5000
Employees
1987
Founded Year

Mission & Purpose

SIG is a global quantitative trading firm founded with a growth mindset and an analytical approach to decision making. As one of the largest proprietary trading firms in the world, we benefit the financial markets by providing liquidity and ensuring competitive prices for buyers and sellers. We bring together the brightest minds, the best technology, and the most expansive library of data in the industry to design and implement quantitative trading strategies that make us leaders in the financial markets. Beyond trading, SIG is active in global private equity, structured capital and institutional brokerage.

Benefits

  • Medical, Vision, and Dental

    You have a choice of medical plans, including a Health Savings Account plan.

  • Paid Vacation and Time Off

    We offer a generous vacation package so that you can enjoy paid time off away from the office. We observe the New York Stock Exchange holiday schedule, which generally includes nine paid holidays per year. We also offer paid maternity/paternity leave.

  • Gym + Fitness Classes*

    We have an on-site gym, on-site fitness classes, and wellness tools to help you track your personal health achievements.

  • On-site Wellness Center + Pharmacy*

    We support your everyday health with an on-site Wellness Center, and make it easy for you to drop off your prescription for same-day delivery to the office.

  • Discounts + Deals

    You can make the most of our great deals on movie tickets, event tickets, and discounts with some of the best restaurants in town.