Macro Analyst

Cumberland

Cumberland

IT
London, UK
Posted on Jan 9, 2026

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.

DRW is looking to bring on a Macro Analyst to join the London based research team. The role will be to work primarily with the Equity teams, however, DRW, as a multi-asset proprietary trading firm, provides the opportunity to collaborate in a wide range of products as well. The goal is to work with trading teams to provide insight into Delta 1 and volatility pricing as well as the structuring of trades. As a Macro Analyst, you will be responsible for understanding the current environment and market drivers and translating that into a forward-looking view. We are looking for a results driven individual who enjoys the challenge of understanding a situation in a much greater level of detail than anyone else in the market. In addition to providing daily research updates and real-time coverage for the traders, this role will be an opportunity to build a scalable process which can extend to sectors, indices, and cross asset coverage. Another responsibility will be liaising with external data vendors to evaluate their products and working with software developers to implement a suitable database on which trade ideas can be generated. Understanding the impact of events on derivatives markets will be a key driver of success. This is a rare opportunity to be in a research role where ideas can be translated into trades quickly and efficiently and a chance to be associated with the resulting revenue stream.

Responsibilities:

  • Provide real-time analysis on relevant macro stories and headlines
  • Work with traders to structure trades around the research process output
  • Develop sector wide themes and macroeconomic thesis
  • Maintain dividend and earnings calendars
  • Create implied probability distributions around important events
  • Work with Software Engineers to develop automated web scrapers and other data analytics tools
  • Manage external relationships with investor relations teams, sell side research desks and data vendors
  • Engage with the DRW hiring process in order to help build out the team

Requirements:

  • Strong understanding of financial markets and global macro themes Extreme attention to detail and accuracy
  • Strong understanding of descriptive statistics
  • Coding capability in R , Python, Matlab or similar statistical language
  • Ability to synthesize qualitative and sometimes messy quantitative information, from often disparate and incomplete sources
  • Experience working with large data sets
  • Understanding of options pricing and greeks
  • Confident communicator

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