2023 Summer Intern Program

Software Engineer Intern, Quantitative Trading Desk

New York

Founded in 1997, Marshall Wace is a leading global alternatives investment manager specializing in long/short equity. We combine fundamental investing with systematic and quantitative strategies to deliver returns from a range of investment solutions. We are one of the world’s largest alternative asset managers, managing in excess of $60 billion with over 400 employees working in London, New York, Hong Kong and Singapore.

Our history is one of continuous development and innovation, from being the creators of the TOPS Alpha Capture System, to the extensive use of proprietary systems throughout our investment and operations environment. In a challenging industry we seek to be competitive by bringing together people from diverse backgrounds and providing them with the systems, data, technology, and work environment they need to succeed. Our culture enables innovative ideas to surface from all areas of the firm and to be executed quickly. TOPS is an exceptional example of how innovation within Marshall Wace has created a unique investment solution for clients and driven many areas of the firm to improve efficiency and key processes and controls.

 

In September 2015, KKR and Marshall Wace announced the formation of a long term strategic partnership, with KKR initially acquiring 25pct in Marshall Wace. KKR has market leadership positions in Private Equity and Credit markets, which complement Marshall Wace’s market leadership position in Equity Long/Short, liquid alternative products. The strategic partnership is based on a shared vision of how financial markets are changing and how best to serve clients’ evolving investment requirements, bringing together strong traditions of investment expertise, innovation, entrepreneurship, and cultural alignment. In time, it will enable the joint development of new products, the potential for an expanded global client base, and allow the creation of incentive plans for the next generation of Marshall Wace partners and staff.

 

Our Intern Program

Our 10 week Summer Intern Program includes the following:

  • Business critical projects with the opportunity to produce high-impact work
  • Weekly lunch seminars with senior managers across all teams
  • Finance teaching days hosted by other financial institutions
  • Opportunities to participate in charitable and company-wide social events
  • Good path to full-time hire.  Two of our four previous interns have accepted full-time offers to join the team.
  • Start Date: Monday, June 5th, 2023
  • End Date: Friday, August 11th, 2023

Software Engineer Intern, Quantitative Trading Desk

The Quantitative Trading Team is a front office team responsible for the research, enhancement, and innovation of algorithmic trading strategies that focuses primarily on the execution of Marshall Wace’s global trade flow.  The scale of Marshall Wace’s activity leads to significant operating leverage, where seemingly small deliveries from the team can have large revenue and profit ramifications. 

The role involves writing and testing high-performance code, creating and maintaining datasets, and evaluating as well as improving execution strategies / algorithms. Former intern projects have involved data analytics on system performance, signal detection, and mathematical modelling - results from many of these projects are currently in use.

Qualifications

Students in their Sophomore and Junior years of university are encouraged to apply. Requirements include:

  • STEM major pursuing an undergraduate degree with strong academic credentials
  • Coursework in some or all of these relevant subjects: data structures, C++, algorithms, statistics, optimization
  • Hunger to join a fast-paced team that encourages intellectual curiosity and problem solving (i.e. can self-teach, learns quickly, works on projects outside of school curriculum)
  • Collaborative, team-oriented personality who finds the right balance between asking lots of questions and maintaining independence

How to Apply

Applications must be submitted to our application portal via Greenhouse: https://boards.greenhouse.io/mwinternshipprogram/jobs/6335927002

 

Applications must contain a resume and detailed cover letter that indicates the role for which you are applying. We encourage you to apply early as assessments will be made on a rolling basis.

 

If your application is shortlisted you will be invited to participate in a telephone interview before further steps of the process, which will include role-specific assessments and in-person interviews in our New York office.

 

Base Salary Range: $125,000-$150,000 prorated over the course of the internship. Overtime eligible.

Sign-on Bonus: $10,000 

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