Quantitative Trader: Equity Quantitative Research - Intern (US) at Citadel | New York | Rezi

Quantitative Trader: Equity Quantitative Research - Intern (US) at Citadel

Quantitative Trader: Equity Quantitative Research - Intern (US)

Citadel · New York

4 weeks ago

Quantitative Trader: Equity Quantitative Research - Intern (US)

Citadel · New York

a month ago
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About the Role

As a Quantitative Trader, your core mandate is to optimize trading strategies to maximize profitability. You will decide how capital is allocated and risk is deployed across signals and strategies, tuning the portfolio so that every unit of risk earns as much as possible. You will work side by side with quantitative researchers and engineers to translate research into production strategies that trade real capital. You will own portfolio-level risk as a first line of defense, intervening tactically as conditions change, and doing research and statistical analysis to continuously push the portfolio's risk-adjusted returns higher. This is a high-ownership seat where you make decisions under time constraints, mentored by leaders who have realized PnL at scale.

Responsibilities

  • Partner with quantitative researchers and engineers to turn research into production trading strategies.
  • Conduct research to find where the portfolio is leaving money on the table and to generate additional returns from existing strategies.
  • Manage portfolio-level risk and exposures in real time, adapting allocation as market conditions change to protect and grow PnL.
  • Continuously monitor strategy performance, diagnose issues, and iterate to keep strategies performing across market regimes.

Requirements

  • A strong interest in game theory, decision theory, and strategy games, and the instinct to apply them to markets.
  • Effective problem-solving skills and the rigor to reason about optimization, risk, and profitability from first principles - with the judgment to know where the next dollar of PnL comes from.
  • Excellent written and verbal communication skills.
  • A self-starter who is not afraid to question the status quo.
  • A degree from a top university in a quantitative field such as statistics, mathematics, computer science, or physics - strong candidates often bring graduate research or competition experience.

Location

  • New York

Work Type

  • Full-time

Experience Level

  • Intern

Education Level

  • Bachelor's degree in a quantitative field (statistics, mathematics, computer science, or physics)
  • Graduate research experience
  • Competition experience

Salary/Compensations

  • $234,000 - $301,600 (based on $4,500 - $5,800 per week)

Benefits

  • Highly competitive sign-on bonus
  • Housing stipend or covered living accommodations
  • Company-sponsored travel
  • On-site fitness and wellness amenities
  • Catered meals
  • Social and networking events

About the Company

  • Citadel is one of the world's leading alternative investment managers.
  • Manages capital on behalf of many of the world's preeminent private, public and nonprofit institutions.
  • Seeks the highest and best use of investor capital in order to deliver market leading results and contribute to broader economic growth.
  • For over 30 years, Citadel has cultivated a culture of learning and collaboration among some of the most talented and accomplished investment professionals, researchers and engineers in the world.
  • Colleagues are empowered to test their ideas and develop commercial solutions that accelerate their growth and drive real impact.