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Equity Analyst - Special Situations

DRW

ChicagoFull-timeMid LevelOn-site

Job Description

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. Special Situations Equity Analyst – The role will work primarily with the Equity teams and beyond, with opportunity to collaborate across a range of products. The goal is to work with trading teams to provide fundamental insight into Corporate Actions and Special Situations, as well as structuring trades.

As an Equity Analyst you will be responsible for understanding the current environment and market drivers, translating that into a forward‑looking view, and providing daily research updates and real‑time coverage for traders. You will also build scalable processes, liaise with data vendors, and work with software developers and quantitative researchers to implement a suitable database. Understanding the impact of events on derivatives markets will be a key driver of success.

Responsibilities Provide real‑time analysis on relevant corporate events, distressed scenarios, capital structure dislocations, and other unique situations. Work with traders to generate trades around the research process output. Maintain financial models and valuation scenarios to analyse companies’ performance.

Monitor and build probability distributions for upcoming events to anticipate stock performance and volatility. Develop catalyst‑driven theses around new and existing corporate actions. Work with Software Engineers to develop automated web scrapers and other data analytics tools.

Manage external relationships with sell‑ vendors, and brokers. Engage with the DRW hiring process in order to help build out the team. RequirementsStrong 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 messy quantitative information from often disparate and incomplete sources. Experience working with large data sets. Understanding of options pricing and greeks.

The annual base salary range for this position is $150,000 to $250,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401(k) with discretionary employer match, short and long‑term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts.

For more information about DRW’s processing activities and our use of job applicants’ data, please view our Privacy Notice at https://drw.com/privacy-notice. Voluntary Self‑Identification For government reporting purposes, we ask candidates to respond to the below self‑identification survey. Completion of the form is entirely voluntary.

Whatever your decision, it will not be considered in the hiring process or thereafter. Any information that you do provide will be recorded and maintained in a confidential file. As set forth in DRW’s Equal Employment Opportunity policy, we do not discriminate on the basis of any protected group status under any applicable law.

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Why are you being asked to complete this form? We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities.

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