Quantitative Systematic Trading Intern

Job Description

Here’s a detailed and enriched job description for the Quantitative Systematic Trading Intern at Susquehanna:

Job Title: Quantitative Systematic Trading Intern

Company Overview:
Susquehanna is a global quantitative trading firm renowned for its scientific rigor, curiosity, and innovation. The firm’s culture is intellectually driven and highly collaborative, fostering an environment where researchers, engineers, and traders work together to design and deploy impactful strategies in a systematic trading environment. Susquehanna leverages machine learning and advanced quantitative research on vast datasets to uncover actionable insights and build effective strategies, excelling in solving complex problems and pushing boundaries by uniting deep market expertise with cutting-edge technology.

Job Overview:
As a Quantitative Systematic Trading Intern at Susquehanna, you will engage in projects that closely simulate the work of full-time employees. This program offers a comprehensive educational experience combined with personalized mentorship from top-tier professionals, enabling you to build a strong foundational knowledge in quantitative finance. A unique opportunity awaits to build alphas on an actual trading strategy.

What You Can Expect (Key Responsibilities & Learning Opportunities):

• Modelling: Apply advanced techniques from probability theory, statistical analysis, and machine learning to predict market behavior and generate alpha.
• Execution: Develop and implement strategies for executing modelling ideas within a simulated competitive environment.
• Evaluation: Rigorously backtest developed ideas using historical market data and iteratively refine strategies based on performance analysis.
• Breadth: Gain exposure to all facets of quantitative work and explore various areas of Susquehanna’s business operations.
• Education: Participate in a comprehensive education program, complemented by personalized mentorship from experienced professionals to significantly accelerate your professional growth.
• Collaboration: Work in an open, highly collaborative environment, interacting with multiple teams and gaining exposure to diverse groups and business functions within the firm.

Susquehanna is committed to providing the best quant internship program in the industry, designed to encourage interns to return for a full-time career.

What We’re Looking For (Qualifications):

• Academic Background: Currently pursuing a PhD (in penultimate or final year) in highly quantitative fields such as Mathematics, Physics, Statistics, Electrical Engineering, Computer Science, Operations Research, or Economics.
• Problem-Solving: Possess strong analytical problem-solving skills with excellent logical reasoning and a genuine passion for transforming data into actionable decisions.
• Communication: Demonstrate clear communication abilities, essential for thriving in a fast-paced and highly collaborative environment.
• Programming Skills: Proficiency in Python for processing and analyzing large datasets is required; experience with C++ (or another low-level language) is a significant plus.
• Strategic Thinking: Exhibit strategic thinking capabilities, with demonstrated interests in strategic games and/or competitive activities.
• Personal Attributes: Be self-motivated, quick to learn, and capable of thriving in a dynamic, fast-moving environment.

Compensation & Perks:

• Weekly Salary: PhD quantitative systematic trading interns will receive a competitive $6000 weekly base salary for the duration of the ten-week program.
• Signing Bonus: Interns will receive a signing bonus.
• Accommodations: Housing will be provided.
• Meals: Breakfast and lunch will be provided.
• Additional Perks: Other benefits and perks will be included.

Location:
Opportunities for a Quantitative Systematic Trading Intern are available in our Philadelphia and New York offices.

Application Note:
By applying to this role, you will be automatically considered for the Quantitative Research Internship program. There is no need to apply to both positions to be considered for both.

For Recruitment Agencies:
If you are a recruiting agency interested in partnering with Susquehanna, please reach out to recruiting@sig.com. Any resume or referral submitted without a signed agreement will not be eligible for an agency fee.