Data Scientist – Systematic Research (New Grad) – D.E. Shaw
D.E. Shaw is a renowned investment management firm with $60B+ in assets under management, known for its quantitative rigor, scientific culture, and reputation for hiring exceptionally talented researchers. Founded by David Shaw (who built the first computerized trading systems on Wall Street) in 1988, D.E. Shaw was an early pioneer of systematic investing and computational finance. The firm's culture — deeply intellectual, collaborative, and passionate about using mathematical methods to understand markets — attracts scientists and researchers who want to apply serious quantitative analysis to financial problems. We are hiring New Grad Data Scientists to join D.E. Shaw's systematic research team.
Responsibilities
- Research and develop systematic investment signals across equity, fixed income, currency, and commodity markets using statistical analysis of large financial datasets
- Apply machine learning and statistical methods — Gaussian processes, neural networks, regularized regression — to detect weak but persistent signals in noisy financial data
- Analyze alternative datasets including satellite imagery, web traffic, corporate event transcripts, and patent filings to develop differentiated alpha signals
- Build and validate quantitative research backtesting frameworks ensuring out-of-sample signal validity and appropriate transaction cost modeling
- Develop factor risk models for portfolio construction and statistical arbitrage strategy development
- Collaborate with D.E. Shaw's portfolio managers and technologists to implement research discoveries in live systematic trading strategies
Requirements
- Bachelor's or Master's degree in Mathematics, Statistics, Physics, Computer Science, or Econometrics (exceptional academic record from a top university)
- Exceptional quantitative reasoning — probability theory, stochastic processes, linear algebra, and statistical inference
- Python or R proficiency for statistical data analysis and ML research
- Strong problem-solving and intellectual curiosity with passion for applying mathematics to complex real-world problems
- Finance experience is not required — D.E. Shaw trains researchers; mathematical excellence is what matters
Benefits
- Highly competitive compensation including base salary, substantial annual bonus, and fund profit sharing
- One of the most intellectually stimulating research environments in quantitative finance
- Comprehensive medical, dental, and vision benefits
- 401(k) with D.E. Shaw contribution
- New York City headquarters with D.E. Shaw's legendary scientific culture and research camaraderie