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DRW

Quantitative Researcher - PhD

Reposted 8 Days Ago
Hybrid
Houston, TX
Internship
Hybrid
Houston, TX
Internship
The Quantitative Researcher will develop statistical models and predictive tools, analyze market data, and communicate findings to the team.
The summary above was generated by AI

Our formula for success is to hire exceptional people, encourage their ideas and reward their results.

As a Quantitative Researcher, you will develop nonlinear multivariate statistical models to analyze power and natural gas market on the commodity trading desk.

How you will make an impact…

  • Quantitatively analyze demand/supply/stock/flow data in electricity/natural gas/carbon/REC markets and discover the relationships among variables
  • Build predictive tools
  • Discover and investigate new data sources
  • Assist in the development of analytical tools
  • Communicate the outcome of the models to the team members in a clear and concise manner

You will be right at home if you have…

  • A PhD degree in a technical discipline with a focus on statistics, biostatistics, applied mathematics, or economics with a specialization in econometrics graduating between December 2024 and August 2025, or currently hold a Postdoc position
  • Experience with one or more general-purpose programming languages (e.g., Python, Java, JavaScript, C/C++, etc.)
  • Specialization in time series estimation (VAR) and nonlinear estimation of multivariate models. Experience and understanding pattern recognition models or approaches is a plus.
  • A willingness to learn power and natural gas markets and the ability to work with large data sets
  • The ability and desire to implement models with UIs in an internal system
  • Previous work or internship experience in building predictive models
  • Can advocate for your beliefs in a concise and effective way with the team
  • Strong problem-solving and statistics skills
  • The proactive ability to take the lead on assignments and deliver practical research results in a timely manner

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.  

 


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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Top Skills

C/C++
Java
JavaScript
Python

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