Quantitative Research – Summer Internship (Rolling Intake)

Your role

At Citadel Securities, a leading global market maker, their team of quantitative researchers models the markets and brings trading strategies to life every day. Specifically, this team develops and tests automated quant trading strategies using sophisticated statistical techniques. You’ll get to challenge the impossible in quantitative research by applying sophisticated and complex statistical techniques to financial markets, some of the most complex data sets in the world.

As an intern, you’ll get to challenge the impossible in research through an 11-week program that will allow you to collaborate and connect with senior team members. In addition, you’ll get the opportunity to network and socialize with peers throughout the internship.

Your Objectives

• Conceptualize valuation strategies, develop and continuously improve upon mathematical models, and help translate algorithms into code
• Back-test and implement trading models and signals in a live trading environment
• Use unconventional data sources to drive innovation
• Conduct research and statistical analysis to build and refine monetization systems for trading signals

About you

Your Skills & Talents

• Bachelor’s, Master’s or PhD degree in mathematics, statistics, physics, computer science, or another highly quantitative field
• Strong knowledge of probability and statistics (e.g., machine learning, time-series analysis, pattern recognition, NLP)
• Prior experience working in a data-driven research environment
• Experience with translating mathematical models and algorithms into code (Python, R or C++)
• Independent research experience
• Ability to manage multiple tasks and thrive in a fast-paced team environment
• Excellent analytical skills, with strong attention to detail

Benefits

They provide the benefits you might expect from a leading financial firm—and then go above and beyond. Depending on location, personal and health benefits can include access to a concierge healthcare team, a health advocate and health counselling, egg freezing and adoption support and personal benefits such as paid parental leave and backup daycare. On the financial side, benefits can include tuition reimbursement, student loan refinancing, 401(k) match and identity theft protection.

Training & development

Interns engage in meaningful projects and contribute ideas that have a lasting impact. They benefit from comprehensive training, including learning sessions, in-depth workshops, and hands-on apprenticeships to enhance their skills. Each intern is paired with a dedicated mentor, often a former intern, who provides guidance on technical questions and professional connections, ensuring a supportive and enriching development experience.

To learn more about the Summer Internship experience, watch this video:

Career progression

Team members at Citadel Securities are empowered to realise their full potential from the outset, with ambitious individuals finding opportunities to advance rapidly. The firm values diverse perspectives, which drive innovation and competitive advantage, and is dedicated to fostering an inclusive environment where everyone can thrive and excel.

Sources

The following sources were used in researching this page:

• citadelsecurities.com/careers/
• citadelsecurities.com/careers/students/internships/