Quant jobs / DRW

Senior Quantitative Researcher – Delta One

A senior researcher embedded in a fixed-income, currencies and commodities options business, building systematic futures strategies. The work feeds standalone futures trading and supports the options book with signals and hedges.

What you’d work on

Our reading of the posting: what a new hire in this role would most likely spend their first months on.

Develop and validate delta-one futures signals across rates, FX, commodities and equities
Design futures-based hedging methods for an options portfolio
Backtest with realistic transaction costs and guard against overfitting and leakage
Monitor live strategies and diagnose model decay
Build frameworks for portfolio construction and risk budgeting

What they ask for

Required

2+ years in systematic quant research, ideally futures
Record of signals or models deployed in production
Derivatives pricing and volatility dynamics
Research design, backtesting and model validation
Python and large financial datasets
Market microstructure and execution modelling

Preferred

Cross-asset global futures research
Options strategies inside systematic futures frameworks
Portfolio construction and capital allocation
Work alongside an options desk
Advanced degree in a quantitative field

Education: Advanced degree in maths, statistics, physics, engineering or computer science preferred
Experience: 2+ years in quant research supporting systematic trading
Languages and tools: Python
Markets: futures, options, fixed-income, fx, commodities, equities

How to prepare

Backtest a multi-market futures trend or carry strategy including costs and slippage
Study overfitting, data leakage and out-of-sample validation methods
Learn how futures hedge an options book (delta, gamma, vega exposure)
Read up on market microstructure and execution cost models

What to study

The Quantitative Researcher roadmap sets out the stages for this kind of role, with free resources for each.

Open the roadmap

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View the posting on DRW’s site ↗

SelfMadeQuant wrote this summary from the employer’s public posting, last checked 6 November 2026. SelfMadeQuant isn’t affiliated with DRW and doesn’t handle applications.