Quantitative Analyst, DriveWealth
$125-127k
Cloud-based, API-driven brokerage infrastructure
Open for applications
Cloud-based, API-driven brokerage infrastructure
201-500 employees
Open for applications
$125-127k
201-500 employees
Company mission
To make investing accessible to anyone, anywhere.
Role
Who you are
- Must have a Master’s Degree in Financial Mathematics, Applied Mathematics, or Statistics
- Skills and knowledge of Algorithmic Trading, Regression Analysis, Bayesian Statistical Inference and Machine Learning, Quantitative Trading Strategy, Object-oriented Design/Python,
- Mathematical Market Microstructure
What the job involves
- Research and develop financial quantitative analysis techniques to optimize instruments for securities/equities trading by applying knowledge in algorithmic
- Trading, regression analysis, asset pricing, and Bayesian Statistical Inference and Machine Learning
- Process and analyze stock market quote and execution data to identify trading patterns using regression analysis, Bootstrap Aggregating, factor analysis, and Mathematical Market Microstructure
- Develop new quantitative trading strategies and optimize trading parameters to improve Pnl risk-reward, trade volume, trade execution algorithms, trade sizing
- Algorithms, volatility modeling, and risk management using Object-oriented Design/Python programming
- Analyze securities trading order flow data to identify order characteristics with slow spread decay using data mining, statistical analysis, and data visualization; Manage quantitative trading projects through a full lifecycle, from initial research to final production quality implementation
- Please note: this role is expected to come into our office on a cadence set by the Hiring Manager/Team
Application process
- Please send rés w/code YUF002 to HR, Drivewealth Technologies, LLC., 28 Liberty Street, Floor 50, New York, NY 10005
Our take
Robo-advisory products and fractional share trading have expanded the investment industry's reach, attracting a broader audience than ever before. This shift has necessitated a redesign of the fintech industry's infrastructure to support the growing demand for accessible and efficient investment options.
DriveWealth plays a pivotal role in this transformation by developing APIs that serve over 100 global fintechs, challenger banks, and digital wallets. Its infrastructure enables seamless robo-advisory services and fractional share trading, giving retail investors access to the US markets and offering innovative stock reward programs. Among its partners are notable companies like Revolut, MoneyLion, and Hemista.
As the company continues to grow, it remains focused on scaling its business by enhancing its technology stack, pursuing strategic acquisitions, and expanding its team. And is well on its way to its ultimate goal of providing tools that empower companies to create investment products that are both accessible and convenient for everyone.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-9% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2021
$450m
SERIES D
Oct 2020
$56.7m
SERIES C
Total funding: $552.8m
Company benefits
- Health & wellness packages: We’ve built our benefits offering as a holistic package. We provide multiple health insurance carrier options and plans (medical, dental, vision) with access to HSA and/or FSA tax savings tools. We also provide income protection including life insurance, AD&D, short- and long-term disability, as well as extended coverage resources such as fertility benefits and mental wellness resources
- Vacation & time off: To build a successful organization, employees need time away to rest and recharge, so we provide paid time off including paid holidays and unlimited vacation time. We also strongly believe in work-life balance and, therefore, offer fully remote and hybrid work positions based on role requirements
- Professional developmnet: We believe one of the greatest contributions we can make is investing in our employees’ professional development. Therefore, we offer financial support toward continuing education courses, academic coursework, professional conferences, earning professional certifications, and membership fees to professional organizations
Company HQ
Colgate Center, Jersey City, NJ
Leadership
Robert S. Cortright
(Founder)Co-founded FX Solutions (acquired by Francisco Partners) in 2001 and served as CEo for 9 years. They also co-founded En-to-End Technology Projects in 2008.
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