At a Glance
- Tasks: Analyse macroeconomic trends and provide insights for trading strategies.
- Company: DRW, a leading trading firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional growth.
- Other info: Collaborate with traders and software engineers in a supportive, high-expectation culture.
- Why this job: Join a fast-paced team where your insights can directly influence trading decisions.
- Qualifications: Strong grasp of financial markets, coding skills in R or Python, and attention to detail.
The predicted salary is between 60000 - 80000 £ per year.
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
- 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
Macro Analyst - Event Driven employer: DRW Holdings, LLC.
DRW is an exceptional employer that fosters a culture of autonomy, innovation, and collaboration, making it an ideal place for a Macro Analyst to thrive. With a strong emphasis on integrity and high expectations, employees are encouraged to challenge the status quo while working in a dynamic environment that spans multiple asset classes. Located in London, this role offers unique opportunities for professional growth, real-time engagement with trading teams, and the chance to directly influence trading strategies and revenue generation.
StudySmarter Expert Advice🤫
We think this is how you could land Macro Analyst - Event Driven
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at DRW. A friendly chat can open doors that applications alone can't. Use LinkedIn to connect and engage with their posts.
✨Tip Number 2
Prepare for interviews by diving deep into macroeconomic trends and current events. Show us you know your stuff! Bring insights on how these factors impact trading strategies, especially in Delta 1 and volatility pricing.
✨Tip Number 3
Practice coding challenges in R or Python. Brush up on your statistical skills and be ready to discuss how you can leverage data analytics tools to enhance trading strategies. We love candidates who can think outside the box!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in being part of the DRW team.
We think you need these skills to ace Macro Analyst - Event Driven
Some tips for your application 🫡
Show Your Passion for Markets:When you're writing your application, let your enthusiasm for financial markets and macroeconomic themes shine through. We want to see that you’re not just knowledgeable but genuinely excited about the role and how you can contribute to our team.
Be Detail-Oriented:Given the importance of accuracy in this role, make sure your application is free from typos and errors. We appreciate candidates who pay attention to detail, so double-check your work before hitting send!
Highlight Relevant Skills:Make sure to showcase your coding skills and experience with data analysis tools like R or Python. We’re looking for someone who can handle large datasets and has a strong grasp of options pricing, so don’t hold back on those qualifications!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at DRW Holdings, LLC.
✨Know Your Macro
Make sure you brush up on your understanding of financial markets and global macro themes. Be prepared to discuss current events and how they impact the markets, especially in relation to Delta 1 and volatility pricing. This shows that you’re not just knowledgeable but also engaged with the world around you.
✨Showcase Your Coding Skills
Since coding capability in R, Python, or Matlab is crucial for this role, be ready to demonstrate your skills. Bring examples of past projects or analyses you've done using these languages. If you can, prepare a small coding challenge to showcase your problem-solving abilities during the interview.
✨Prepare Real-Time Analysis Examples
Think of recent macro stories or headlines that have influenced trading decisions. Prepare to discuss how you would analyse these situations and what insights you could provide to traders. This will highlight your analytical thinking and ability to translate complex information into actionable trade ideas.
✨Engage with the Team Spirit
DRW values collaboration, so be ready to talk about how you work with others. Share experiences where you’ve successfully liaised with teams or external vendors. Emphasising your ability to build relationships and work within a team will resonate well with their culture of respect and open-mindedness.
