{"id":1952155,"url":"https://alion.io/job/drw-quantitative-researcher-delta-one","title":"Quantitative Researcher - Delta One","company":{"id":58537,"name":"DRW","domain":"drw.com","url":"https://alion.io/company/drw","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Greenhouse","truth_index":{"grade":"A","score":85,"open_postings":155,"ghost_share":0.168,"stale_share":0,"repost_share":0,"time_to_fill_p50_days":75,"computed_at":"2026-10-22T06:10:10Z"}},"role":"Data Science","role_family":"Data Science","seniority":"junior","employment_type":null,"work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Chicago, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":150000,"max":250000,"currency":"USD","period":"year","gross":null,"usd_annual":250000},"salary_estimate":null,"experience_years_min":2,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Python","optional":false}],"status":"live","first_seen_at":"2026-10-06T09:50:42Z","employer_posted_date":"2026-10-16","last_verified_at":"2026-10-22T21:45:21Z","board_verified":true,"closed_at":null,"days_open":16,"trust":{"level":"ok","repost_count":0,"flags":["company_stale"],"days_open":15},"description":"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.\nHeadquartered 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.\nWe 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.\nSenior Quantitative Researcher - Delta One \nDRW is seeking a Senior Quantitative Researcher (Delta One) to join the FICC options trading business. This individual will serve as an embedded quantitative research lead within an established discretionary and systematic options platform, with a mandate to research, develop, and validate futures-driven systematic strategies that complement and enhance the broader FICC options franchise.\nThis role focuses on delta-one strategy research, quantitative signal generation, systematic futures execution research, and portfolio hedging across global futures markets. The individual will partner closely with options traders and developers to translate research into production strategies and integrate futures-based signals, directional overlays, and risk-efficient hedging frameworks into the broader derivatives platform.\nThis position is suited for someone with deep quantitative expertise, a demonstrated record of research contributing to trading performance, and experience developing scalable systematic models within derivatives markets.\nKey Responsibilities\nResearch, develop, and validate systematic delta-one futures strategiesacross global markets, including rates, FX, commodities, and equities.\nBuild and refine quantitative signal generation frameworksto support both standalone futures strategies and options portfolios.\nDevelop and evaluate futures-based hedging methodologiesto improve portfolio risk management across the FICC options business.\nResearch directional options overlaysgrounded in quantitative futures signals, partnering with traders on implementation and evaluation.\nModel and analyze strategy and portfolio risks, including exposure, volatility, liquidity, and cross-asset correlations.\nPartner closely with traders, developers, and trading infrastructure teams to productionize research, establish model monitoring, and improve execution.\nConduct rigorous research, backtesting, out-of-sample validation, and performance attribution, incorporating realistic transaction costs and execution constraints.\nAnalyze live strategy performance to identify model weaknesses, changing market conditions, and opportunities for improvement.\nContinuously refine models to improve signal quality, robustness, scalability, and capital efficiency.\nDevelop quantitative frameworks to inform portfolio construction, capital allocation, and risk budgeting within the FICC platform.\nQualifications\n2+ years of experience in quantitative research supporting systematic trading, preferably in futures and listed derivatives.\nProven track record of developing quantitative signals or models that have been deployed in production and contributed to trading performance.\nStrong understanding of derivatives pricing, volatility dynamics, and risk modeling.\nDeep experience in signal research, statistical modeling, and alpha generation.\nExpertise in research design, backtesting, and model validation, including addressing overfitting, data leakage, and implementation costs.\nFluency in Python and experience working with large-scale financial datasets.\nStrong knowledge of market microstructure and execution modeling.\nAbility to independently lead research projects while collaborating effectively with traders and developers.\nPreferred Background\nExperience researching strategies across global futures markets, including equities, rates, commodities, and FX.\nExperience integrating options strategies within systematic futures frameworks.\nFamiliarity with portfolio construction, capital allocation, and risk budgeting models.\nExperience working within or alongside an options trading desk.\nExperience supporting the full research lifecycle, from hypothesis development and empirical testing through production implementation and ongoing evaluation.\nAdvanced degree in Mathematics, Statistics, Physics, Engineering, Computer Science, or a related field\nThe annual base salary range for this position is $150,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.\nFor 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.\nCalifornia residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice.\n#LI-JW1","description_format":"text","description_chars":5678,"description_truncated":false,"requirements":{"experience_years_min":2,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"bachelor","optional":false},"security_clearance":false,"languages":[]},"benefits":["401k plan","Vision insurance"],"hiring_locations":[],"hiring_excludes":[],"relocation_offered":false,"industries":["Hedge Funds & Alternative Investments"],"lifecycle":[{"event":"open","at":"2026-10-06T10:27:19Z"}],"visa":[],"liveness":{"score":90,"band":"hot","label":"Hiring now","p_open":1,"p_active":0.898,"p_room":1,"age_days":15,"expected_fill_days":75,"reasons":["conf:2","velocity","win:early","comp:junior,brand"],"computed_at":"2026-10-22T06:10:10Z"},"pay":{"stated_usd_annual":250000,"is_top_pay":true},"html_url":"https://alion.io/job/drw-quantitative-researcher-delta-one","json_url":"https://alion.io/job/drw-quantitative-researcher-delta-one.json","meta":{"generated_at":"2026-10-22T22:25:37Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":7634,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-23T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":58537},"rest":"https://alion.io/mcp/rest/get_company?id=58537"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fdrw-quantitative-researcher-delta-one"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fdrw-quantitative-researcher-delta-one"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fdrw-quantitative-researcher-delta-one"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/drw-quantitative-researcher-delta-one\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fdrw-quantitative-researcher-delta-one"}]}