D. E. Shaw - DESCOvery associate

Graduates

Companies

Location (s):

  • United States of America
1166 Avenue of the Americas, New York

Overview

The D. E. Shaw group (“DESCO”) seeks an entrepreneurial and highly motivated individual to fill a new role as part of its DESCOvery effort. DESCOvery explores unique opportunities for DESCO to build out innovative, non-asset management technology businesses and ventures in areas such as fintech, insurtech, and data sectors. DESCOvery serves as a start-up hub inside an established, highly creative, and entrepreneurial firm, where we ideate and incubate new business ideas in an inclusive and collegial working environment.

Details

What you’ll do day-to-day

The associate will be a key contributor and member of an entrepreneurial team that sources, evaluates, researches, and supports the building and commercialization of new start-up businesses. This is a valuable opportunity to gain early-day start-up experience and skills within an established platform of DESCO. The work involves hands-on experience in multiple start-up efforts in the early stages of idea generation and business building. The associate will work closely with senior team members to perform diligence, and refine and incubate ideas; for promising ideas that pass the incubation phase, the associate will help recruit management teams to execute them and will support companies through the life cycle of a start-up to build high-value businesses. While the role is a full-time, permanent position with DESCO, we’d also be open to individuals interested in moving to and taking on permanent leadership roles within the start-ups following their creation.

What We Do

The D. E. Shaw group is trusted by investors across the world to manage their assets by seeking the optimal balance of risk and reward. While we’re known as a pioneer in quantitative investing, we also have considerable expertise in areas that involve fundamental analysis or portfolio manager discretion. We use a combination of quantitative and qualitative tools to uncover independent, hard-to-find sources of return across global public and private markets.

Within the D. E. Shaw group, we run on collaboration, not internal competition. Teams work together to share trade ideas, identify and address risks, build tools, and explore new opportunities. Our staff includes world-class mathematicians, physicists, computer scientists, economists, analysts, business-builders, and system architects relying on specialized trading, operational, and compliance expertise developed over 30 years.

We believe a strong culture of rigorous analysis and scientific research, supported by a robust infrastructure, is the bedrock of a successful quantitative investment process. We aim to identify statistically robust market inefficiencies through hypothesis formulation, testing, and validation based on practical knowledge of markets and advanced computational methods.

Opportunity is About:


Eligibility

Candidates should be from:

Description of Ideal Candidate:

Who we’re looking for

  • Candidates should have a bachelor's or advanced degree, an excellent record of academic and professional achievement, and two to four years of work experience.
  • We’re looking for ambitious, creative, entrepreneurial-minded individuals with superb teamwork capabilities and impressive critical thinking, analytical, execution, and communication skills.
  • Experience at start-ups is a substantial plus—especially in product management—but we also welcome candidates with backgrounds in management consulting, corporate development, or strategy at high-growth companies and venture capital firms.

Dates:

Deadline: As soon as possible


Cost/funding for participants:

We are committed to supporting our people in work and in life, which is why we offer benefits such as a family planning and surrogacy program and a charitable gift match to all full-time employees.

Additionally, our staff-led affinity groups are pillars of our community, helping to celebrate diversity, promote leadership and development opportunities, and facilitate inclusive mentorship. Members and allies organize a wide range of educational and social programming, from expert talks to film festivals.

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