Quantitative Research Summer Internship (Rolling Intake)

About Citadel Securities

Citadel Securities positions itself as the next-generation capital markets firm. Their approach emphasizes the deep integration of financial, mathematical, and engineering expertise. This translates into a combination of strong trading experience, cutting-edge analytics, and advanced technology. By leveraging these strengths, Citadel Securities delivers critical liquidity to the world's most important financial institutions while simultaneously shaping the global markets of tomorrow.

Your role

Citadel Securities strives to be the world's most successful investment team. Quantitative Researchers are instrumental in achieving this goal by developing cutting-edge models and trading strategies across various investment avenues.  The internship program offers a unique opportunity to delve into the world of quantitative research. Interns will tackle complex challenges using sophisticated statistical techniques applied to the intricate financial markets.

This 11-week program fosters collaboration and connection with senior team members, while also providing opportunities to network and socialize with peers.

Responsibilities:

• 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

Training & development

The internship program at Citadel Securities fosters a culture of intensive collaboration and teamwork. Interns enter the program alongside a cohort of peers, sharing experiences and challenges. They then have the opportunity to team up with some of the brightest minds in the industry, who are dedicated to helping interns develop their skills.

The program is designed for students who thrive on challenges. Interns are entrusted with tackling real-world problems for the business, and their solutions have the potential to be implemented and used within the firm.

Compensation & benefits

The firm provides a comprehensive benefits package that exceeds industry standards. This includes access to health and wellness programs, such as a concierge healthcare team, health advocate and health counselling, depending on location. Additionally, the firm offers personal benefits like egg freezing and adoption support, as well as paid parental leave and back-up daycare. Financially, the firm supports employees with tuition reimbursement, student loan refinancing, a 401(k) match, and identity theft protection.

Check out their office in Sydney, and watch this video:

Company culture

Citadel Securities recognizes that diverse perspectives are a key driver of innovation and a competitive advantage.  Therefore, the firm places a high value on identifying and nurturing these diverse viewpoints.  They are committed to fostering an inclusive workplace that empowers every individual to learn, thrive, and achieve excellence.  To fulfil this commitment, Citadel Securities actively cultivates promising talent from underrepresented groups in finance and STEM fields.

About you

Qualifications:

• Bachelors, Master 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 NoSQL databases (e.g., MongoDB)
• Experience with distributed computing using MapReduce
• 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
• Strong written and verbal communication skills

Source

The following sources were used in researching this page:

• citadelsecurities.com/careers/
• citadelsecurities.com/careers/students/
• citadelsecurities.com/careers/students/internships/
• citadelsecurities.com/our-teams/