14 hours ago
Base Salary
$175k - $220k/yr
Responsibilities
- Develop and improve software used in quantitative research.
- Contribute to research involving predictive signals, prediction algorithms, trade execution, portfolio construction, and risk management.
- Use scalable software and parallel computing to train machine learning models and process large datasets.
- Collaborate with quantitative researchers, developers, and senior team members.
- Communicate research ideas clearly and succinctly.
Requirements
- Currently pursuing a bachelor ’s, master’s, or doctoral degree in a quantitative or technical field such as statistics, mathematics, physics, electrical engineering, or computer science.
- Have excellent programming skills in one or more of Python, C, C++, Java, SQL, or R.
- Have familiarity with machine learning algorithms and software frameworks.
- Demonstrate creative problem-solving skills and strong attention to detail.
- Previous production software experience is a plus.
- Previous financial industry experience is a plus but is not required.
Benefits
- 10-week summer internship program with pay prorated based on internship dates.
- Austin metro area internship location.
- Dedicated manager and mentor throughout the internship and beyond.
- Learning sessions with senior leaders, hands-on skills workshops, networking events, and social events.
- Opportunities to contribute ideas, build real-world solutions, and connect with colleagues across the firm.
About Schonfeld
Schonfeld is a privately held, multi-manager hedge fund that allocates capital to internal and external portfolio managers across quantitative, fundamental equity, tactical trading, and discretionary macro/fixed-income strategies. The firm manages money for institutional and other sophisticated investors and supports teams with proprietary technology, infrastructure, and risk analytics. Founded in 1988 and headquartered in New York, it operates globally with an investing footprint spanning five continents.