2023 Algorithmic Trading Summer Internship- New York City

Our 9-week program provides undergraduates with a hands-on introduction to algorithmic trading. As a contributing team member, you will get real-world experience and be fully immersed in the day-to-day business activities of one of the world’s largest financial institutions. Algorithmic Trading Summer Interns will work closely with the U.S Electronic Trading Team, and specifically its developers and quantitative analysts, to assist in and support the development of equity trading algorithms, execution analytics and quantitative research.

This position builds on the interns’ academic training in science, technology, engineering and mathematics related curriculums by exposing them to practical application of STEM concepts in equity trading. Interns will participate in tasks and projects involving data science, short-term forecasting, model factor research and testing, algorithm development and model/algorithm performance attribution.

Additionally, once on board, Summer Interns not only participate in a robust training program, but the program’s structure provides each intern with the support they need for a successful summer. There are networking events, professional speaker series, end of summer reviews, and significant learning opportunities outside of your day-to-day projects. Summer interns work on multiple projects simultaneously to enhance analytical, practical financial, and professional skills, providing the broadest exposure to our firm and our capabilities.

Stifel is an Equal Opportunity Employer and our employees, across all subsidiaries and affiliates, are people with different strengths, experiences and backgrounds, who share a passion for Finance. We view diversity holistically – it includes race, gender identity, age, disability status, veteran status, sexual orientation, religion, and many other parts of one’s identity. The range of our employees’ points of view are key to our success, and inclusion is everyone's responsibility.

A Summer Analyst’s specific responsibilities may include conducting qualitative research, applying scientific techniques to support trading operations, and reviewing research as a means to gather insight in support of developing processes.

• Apply scientific techniques in support of trading algorithm development and quantitative research.

• Assist with the development and evaluation of core analytical capabilities or model libraries.

• Interpret and communicate results of research and recommends new processes and or action plans.

Summer Intern candidates should possess outstanding academic records and have demonstrated strong leadership ability through involvement in extracurricular endeavors such as student government, athletics, and cultural and entrepreneurial activities.

 

·        Exceptional ability to apply scientific techniques to problem solving

·        Excellent verbal and written communication skills

·        Ability to effectively manage multiple simultaneous project deadlines

·        Highly-motivated and energetic

·        Minimum GPA of 3.5

·        An anticipated graduation date of Fall 2023 or Spring 2024

 

Equity Trading STEM Development Internship opportunities are available in our New York, NY office.

Established in 1890, Stifel is one of the nation’s leading full-service wealth management and investment banking firms. Stifel serves clients from more than 400 offices across the United States and ranks as the nation’s seventh largest full-service investment firm in terms of number of financial advisors. We are also a leading provider of investment banking services to the middle market, a top-ten municipal bond underwriter, and home to one of the industry’s largest research franchises. In addition, our Stifel Bank subsidiary provides a comprehensive range of banking services.

 

Stifel’s success is rooted in the power of our people and platform. We provide our employees an entrepreneurial environment that rewards collaboration and hard work. We are looking to hire smart, talented, and accepting people who have a desire to expand their skills and realize ambitious goals. We are committed to a diverse workplace that reflects the clients we serve and the communities where we live and work.

 

At Stifel, we offer an entrepreneurial environment, comprehensive benefits package to include health, dental, and vision care, 401(k), wellness initiatives, life insurance, and paid time off. The health and safety of our employees and candidates is very important to us. We continue to monitor the current public health situation and have adjusted our hiring procedures to include virtual recruiting tools that allow us to continue meeting new candidates. We look forward to “virtually” meeting you. Stifel is an Equal Opportunity Employer.

 

Please learn more about our firm by using the following website links: