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Quant Strat Dev Intern

Job Description: Quantitative Strategy Development Intern

Blockhouse's success stems from our groundbreaking approach to quantitative finance, blending sophisticated mathematical models with robust financial strategies to redefine market dynamics. We are seeking a Quantitative Strategy Development Intern to transform informative features into actionable investment algorithms, contributing directly to the design and testing of cutting-edge trading strategies.

Key Responsibilities:

Strategy Formulation

  • Analyze libraries of features derived from diverse asset classes and instruments to identify patterns and relationships.

  • Develop and test investment strategies by formulating theories that explain observed features and market phenomena.

  • Identify economic mechanisms that create profitable opportunities, such as behavioral biases, asymmetric information, or regulatory constraints.

Algorithm Development

  • Translate theories into executable algorithms, ensuring transparency and interpretability (white-box approach).

  • Develop prototype code for strategies and prepare it for submission to the backtesting team for validation.

Cross-Asset Research

  • Work with data from multiple asset classes, including equities, fixed income, FX, and derivatives, to discover and test cross-asset relationships.

  • Synthesize findings from analysts and feature engineers into cohesive strategy frameworks.

Production Deployment

  • Deploy machine learning models to production environments, ensuring scalability and robustness.

  • Collaborate with engineering teams to integrate strategies into production systems.

Collaborative Ideation

  • Collaborate with quantitative researchers, data scientists, and backtesting teams to refine strategies and ensure they meet performance expectations.

Research and Innovation

  • Stay informed on the latest advancements in quantitative finance, market microstructure, and algorithmic trading.

Ideal Candidate Profile:

Educational Background

  • Currently pursuing or having completed a Bachelor’s, Master’s, or PhD in Financial Engineering, Economics, Mathematics, Computer Science, or a related quantitative field.

  • Bachelor’s students with strong analytical skills and a keen interest in strategy development are encouraged to apply.

Technical Expertise

  • Proficient in Python, with experience developing and testing algorithms.

  • Familiarity with machine learning frameworks and quantitative analysis tools.

  • Strong knowledge of dynamic programming and the ability to apply it to solve complex optimization problems.

  • Experience deploying machine learning models to production environments.

Domain Knowledge

  • Strong understanding of financial markets and economic principles.

  • Familiarity with multiple asset classes, including equities, fixed income, and derivatives.

Analytical and Problem-Solving Skills

  • Ability to critically evaluate features and formulate theories that explain observed patterns in market data.

  • Strong problem-solving skills and a meticulous approach to testing hypotheses.

Mathematical Proficiency

  • Highly comfortable with advanced mathematical concepts, including optimization techniques, dynamic programming, and statistical analysis.

Communication Skills

  • Capable of articulating complex theories and strategies clearly to multidisciplinary teams.

Why You Should Join Us:

Innovative Environment

  • Work at the forefront of quantitative finance, transforming feature libraries into actionable trading strategies.

Expert Team

  • Collaborate with seasoned professionals who excel in data-driven financial innovation.

Professional Growth

  • Gain hands-on experience in strategy development, algorithm design, and cross-asset research.

Compensation

  • Equity-only compensation that reflects the value of your contributions.

Work Hours

  • A part-time role with 20-30 hours per week, offering flexibility and immediate start dates.

For International Students:

At Blockhouse, we value talent from across the globe and support international students through e-verification, CPT/OPT documentation, and flexible international payment arrangements.

If you’re passionate about transforming cutting-edge data into actionable investment strategies and eager to test your quantitative skills in a dynamic environment, join us at Blockhouse and shape the future of finance.

What You Should Know About Quant Strat Dev Intern, Blockhouse

Are you ready to dive into the world of quantitative finance? At Blockhouse, we're on the lookout for a driven Quantitative Strategy Development Intern to join our innovative team in New York City! This role is perfect for those passionate about transforming sophisticated mathematical models into actionable investment algorithms. You'll have the opportunity to analyze diverse asset classes, identify patterns, and develop cutting-edge trading strategies that redefine market dynamics. As a key player in our team, you will collaborate with quantitative researchers and data scientists to ensure that our strategies meet performance expectations and are seamlessly integrated into production systems. Not only will you gain hands-on experience in algorithm design and strategy formulation, but you'll also work in a flexible part-time setting of 20-30 hours per week. We welcome international students as well and provide support for CPT/OPT documentation. So, if you're eager to apply your analytical skills and explore the dynamic world of finance, consider joining us at Blockhouse today!

Frequently Asked Questions (FAQs) for Quant Strat Dev Intern Role at Blockhouse
What are the responsibilities of a Quant Strat Dev Intern at Blockhouse?

As a Quantitative Strategy Development Intern at Blockhouse, you'll have an exciting range of responsibilities. You'll analyze libraries of features from various asset classes to identify patterns and relationships that can be turned into actionable trading strategies. Additionally, you will develop and test these investment strategies, collaborate with cross-functional teams for ideation, and deploy machine learning models to production environments. This role is ideal for those who enjoy blending mathematics and finance.

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What qualifications are required for the Quant Strat Dev Intern position at Blockhouse?

The ideal candidate for the Quantitative Strategy Development Intern position at Blockhouse should be pursuing or have completed a degree in Financial Engineering, Economics, Mathematics, Computer Science, or a related field. Proficiency in Python, familiarity with machine learning frameworks, and a solid understanding of financial markets are also crucial. Strong analytical, problem-solving skills, coupled with advanced mathematical proficiency, will make you a successful intern.

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What skills are essential for success as a Quant Strat Dev Intern at Blockhouse?

Success as a Quantitative Strategy Development Intern at Blockhouse hinges on a mix of technical and soft skills. Proficiency in Python for algorithm development is key, alongside a strong understanding of financial concepts. Analytical and problem-solving abilities, along with effective communication with multidisciplinary teams, will help you articulate complex ideas clearly. Experience with machine learning models and dynamic programming will also be invaluable.

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How does the internship support international students at Blockhouse?

At Blockhouse, we embrace international talent and offer robust support for our interns from abroad. Our process includes assistance with e-verification, CPT/OPT documentation, and flexible international payment arrangements. We believe that diverse perspectives enhance our innovative environment, and we're committed to helping international students thrive in a collaborative atmosphere.

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What can interns expect in terms of professional growth at Blockhouse?

As a Quantitative Strategy Development Intern at Blockhouse, you can look forward to significant professional growth. You'll gain hands-on experience in quantitative finance, from strategy development to algorithm design. Collaborating with seasoned professionals and participating in cross-asset research will deepen your understanding of market dynamics. This role is an excellent stepping stone to a successful career in finance!

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Common Interview Questions for Quant Strat Dev Intern
Can you describe a time when you developed a trading strategy based on quantitative analysis?

In your response, detail a specific example, including the methods you used for analysis, the data you considered, and the outcome of your strategy. Highlight the steps you took, the challenges faced, and how you validated your results.

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What programming languages are you proficient in, and how have you utilized them in previous projects?

Discuss your proficiency in relevant programming languages, such as Python, and provide examples of projects where you've developed algorithms or deployed models. Emphasize your ability to write clean, efficient code that is suitable for production environments.

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How do you stay updated with the latest trends in quantitative finance?

Mention specific resources you utilize, such as academic journals, finance blogs, and seminars. Talk about any conferences or workshops you've attended, and explain how you apply this knowledge to your work.

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What approach do you take when analyzing data sets from different asset classes?

Outline your systematic approach to data analysis. Explain how you identify patterns or correlations. Discuss the tools and techniques you use for analyzing diverse asset classes, and how you translate findings into strategies.

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Describe a problem you faced during a project and how you solved it.

Provide a specific example of a challenge related to quantitative analysis. Explain how you identified the issue, the steps you took to resolve it, and any tools or methodologies you employed in the process.

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How do you ensure transparency in the algorithms you develop?

Discuss methods you use to document your code and the thought process behind your algorithms. Emphasize the importance of a white-box approach, where stakeholders can understand and follow your logic.

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What is your experience with machine learning models in finance?

Describe specific machine learning models you've worked with and how they can be applied in finance. Discuss any challenges you faced during model development and how you overcame them.

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How would you approach designing an investment strategy based on behavioral finance?

Talk about your understanding of behavioral finance principles and how you would identify biases impacting market outcomes. Describe your process for formulating a strategy that leverages these insights.

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What do you think is the most important factor when developing algorithms for trading?

Share your thoughts on key factors such as accuracy, speed, and risk management in algorithm development. Discuss how these elements impact trading performance and your approach to balancing them.

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Why are you interested in working at Blockhouse as a Quant Strat Dev Intern?

Make sure to express your enthusiasm for Blockhouse and its innovative approach to quantitative finance. Discuss specific aspects of the company or its projects that attract you, and how you see yourself contributing to the team.

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Part-time, on-site
DATE POSTED
December 31, 2024

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