Equity Trading STEM Development Summer Internship
About Stifel Equity Trading
Stifel’s experienced global equity trading team consists of coverage and sector traders in key global financial centers throughout the United States, United Kingdom, Europe and Canada. With over 8 billion shares traded in the US, over 1.6 billion shares traded in Canada, and over $43.6 billion in value executed in the UK/Europe in 2020, we offer competitive solutions in block trading, portfolio and algorithmic trading, ETFs, commission sharing arrangements, options trading, and convertible & preferred trading.
With a primary focus on best execution, we operate solely for the interest of our clients with no proprietary trading. Stifel is also the only U.S. regional broker to operate its own Alternative Trading System (ATS), offering institutional clients unprecedented access to Stifel’s retail flow.
Position Description: Equity Trading STEM Development Summer Internship Program
Our 8-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. Equity Trading STEM Development Summer Interns (“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 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.
Role Responsibilities
A Summer Intern’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.
Essential Duties and Responsibilities
- 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 recommend new processes and/or action plans.
Qualifications
Summer Intern candidates should possess outstanding academic credentials and have demonstrated strong leadership ability through involvement in extracurricular endeavors, such as student government, athletics, and/or cultural and entrepreneurial activities.
The ideal candidate will possess the following:
- Pursuing an undergraduate degree in a STEM field
- Interest in pursuing a career in financial services
- Exceptional ability to apply scientific techniques to problem solving
- Strong capacity for problem solving and quick-thinking
- Driven, proactive, and team-oriented approach to tasks
- Demonstrated track record of achievement in academics and extracurricular activities
- Excellent verbal and written communication skills
- Ability to effectively manage multiple simultaneous project deadlines
- Minimum GPA of 3.5
- An anticipated graduation date of Fall 2022 or Spring 2023
Additional Information & Next Steps
Equity Trading STEM Development Summer Internship opportunities are available in our New York, NY and Baltimore, MD offices.
Please note: To be eligible, applicants must be authorized to work in the United States without requiring visa sponsorship now or in the future.
About Stifel
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: