Equity Analyst - Special Situations
$150,000–$250,000 year
On-site · Chicago, Illinois, United States
Job Summary
Equity Analyst for Special Situations at DRW in Chicago. Responsibilities include real-time analysis of corporate events, distressed scenarios, and capital-structure dislocations; partnering with traders to generate trades based on research outputs; maintaining financial models and valuation scenarios; monitoring probability distributions for upcoming events to anticipate stock performance and volatility; developing catalyst-driven theses around new and existing corporate actions; researching and proposing new strategies adjacent to the desk's playbook; collaborating with Software Engineers to develop automated web scrapers and data-analytics tools; managing external relationships with sell-side desks, data vendors, and brokers; and engaging with DRW's hiring process to help build out the team. Strong candidate should demonstrate understanding of financial markets, quantitative skills, experience with large data sets, and ability to communicate effectively.
Required Qualifications
- Strong understanding of financial markets and the impact of events on company valuations
- Extreme attention to detail and accuracy
- Strong understanding of descriptive statistics
- Coding capability in Python, R, 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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