Quantitative Trader: Equity Quantitative Research – Intern (US)

Summary

Citadel is one of the world’s leading alternative investment managers, seeking to capitalize on market inefficiencies through quantitative research and technology. The role of a Quantitative Trader involves optimizing trading strategies, managing portfolio-level risk, and collaborating with researchers to enhance profitability.

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

Skills

• 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

Qualifications

Must Haves

• 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

Benefits

• Interns may be eligible for a highly competitive sign-on bonus
• Housing stipend or covered living accommodations
• Company-sponsored travel
• Access to on-site fitness and wellness amenities
• Catered meals
• Social and networking events