Research Analyst

Cumberland

Cumberland

IT
Chicago, IL, USA
Posted on Jun 17, 2023

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are looking for a Research Analyst with previous experience in equity and event-driven research and analysis. This is an excellent opportunity to join a growing trading desk and contribute immediately. This position will support the derivatives trading team by providing inputs into options pricing and the structuring of trades. As a Research Analyst you will be responsible for understanding all catalysts and events related to each stock as well as covering the corporate calendar, news stories, and sell side research. We are looking for a results driven individual who enjoys the challenge of digesting and synthesize complex corporate action and legal situations. In addition to providing daily research updates and real-time coverage for the traders, this role will be an opportunity to execute research backed trading ideas. This is a research role where ideas can be quickly translated into trades and a chance to be associated with the resulting revenue stream.

Responsibilities:

  • Provide in-depth and real-time analysis across numerous sectors
  • Analyze historical financials and company filings
  • Create implied probability distributions for stocks based on fundamental analysis of company events
  • Provide daily event and news-driven summaries and regular in-depth scenario analysis
  • Proactively generate ideas and suggestions regarding sector/symbol moving events
  • Work with traders to structure trades around the research process output
  • Maintain dividend and earnings calendars
  • Work with Software Engineers to develop new and improve existing tools

Experience:

  • Minimum 3 years of equity research and event-driven experience
  • Extreme attention to detail and accuracy
  • Ability to synthesize qualitative and sometimes messy quantitative information, from often disparate and incomplete sources
  • Previous scenario and corporate events analysis experience, ideally across multiple sectors
  • Must have strong knowledge of news sources, news-related data sources, sell-side analyst reports
  • Strong understanding of financial markets and global macro themes
  • Understanding of options pricing, volatility, and greeks
  • Confident communicator
  • Strong research, modeling, and analytical skills essential
  • Must be a self-starter who is comfortable working in an entrepreneurial and fast-paced environment
  • Bachelor’s degree required

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