Saturday, March 13, 2010

Quantitative Researcher - OTC Fixed Income

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DRW Trading Group is a proprietary trading organization. Using internally developed methods, models and technology, we trade across a wide range of asset classes both domestically and internationally. All of our trading activity is for our own account, and all of our methods and systems are developed solely for our use. Unlike hedge funds, brokerage firms and banks, DRW has no customers, clients or investors.

Founded in 1992, our mission is to empower a team of exceptional individuals to identify and capture trading opportunities in the global markets by leveraging and integrating technology, risk management and quantitative research. With that spirit, DRW has embraced the integration of trading and technology and has devoted extensive time, capital and resources to develop fast, precise and reliable infrastructure and applications. Our technology, along with our commitment and creativity, has greatly enhanced our ability to improve and expand our operations, solve complex problems and capture new opportunities.

DRW is headquartered in Chicago and has offices in New York City and London and employs over 450 people worldwide from many different disciplines and backgrounds.

DRW is currently seeking an experienced Quantitative Researcher to focus on supporting OTC Fixed Income products and strategies.


* Work closely with traders in OTC fixed income market to conduct quantitative studies, develop pricing models and provide expertise.
* Validate existing pricing and trading tools and make suggestions for enhancements.
* Work with risk department and software engineers to deliver a scalable risk management framework for fixed income desk.
* Work with database developers to define data requirements and ensure that the correct fixed income data is available for research


* 3+ years quantitative research experience focused on working with OTC fixed income products; must have strong experience working with the quantitative models and techniques used in this space

* Must have experience working with swaps and swaptions
* Must have experience working closely with traders and risk management teams
* Excellent communication skills essential
* Must be flexible and have proven ability to excel in an environment made up of multidisciplinary teams and quickly changing priorities
* Strong mathematics and statistics skills
* Proven ability to work independently to deliver practical research results in a timely manner
* Driven and passionate about solving real world problems
* Must have Master's degree in quantitative field such as Mathematics, Physics, Engineering, Economics or Finance; PhD preferred
* Must have proficiency in one or more of the following technologies: C++, C#, Mathematica or Matlab

Related Keywords: otc, swaps, swaptions, research, model, quantitative

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