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Quantitative Research Intern, PhD (Summer 2027)

Optiver
CompanyOptiver
CategoryUncategorised
LocationChicago
RemoteOn-site (inferred)
EmploymentNot stated
LevelNot stated
SalaryNot stated by the employer
Posted1 Jul 2026
Last verified5 Aug 2026
SourceEmployer ATS (greenhouse)
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Description
As a Quantitative Research Intern, you’ll work alongside researchers, engineers, and traders to tackle some of the most challenging quantitative problems in global financial markets. You’ll analyze large-scale datasets, develop predictive models and algorithms, and apply statistical and machine learning techniques to uncover patterns in market behavior. AI-driven research at Optiver is where competitive advantage is built, transforming ideas, models, and insights into trading strategies that operate in live markets.  This opportunity is also available in our Austin office. What You’ll Do:   Led by our dedicated Education team, you’ll build a strong foundation in market structure and options theory. This internship follows an apprentice-style learning model where you’ll work alongside an experienced researcher and contribute to a project that’s aligned with current business needs. Throughout the internship, you’ll gain exposure to the AI tools and technologies that support research and development across the business, with  the opportunity to contribute to several key areas:   Develop predictive models and machine learning systems to better understand market behavior and identify trading opportunities   Analyze large-scale market and order-flow data to uncover signals, evaluate hypotheses, and improve trading performance   Build and test statistical and stochastic models for pricing, forecasting, and risk management   Apply modern research techniques, including deep learning and AI-enabled workflows, to accelerate discovery and improve research efficiency   What You’ll Get:   You’ll join a culture of collaboration, continuous improvement, and excellence, surrounded by curious thinkers and creative problem-solvers. Together, you’ll tackle some of the toughest challenges in the financial markets by leveraging cutting-edge machine learning research to develop innovative, real-world solutions.   In addition, you’ll receive:   The opportunity to work alongside best-in-class professionals from over 40 different countries   The opportunity to earn a return internship or full-time offer in Chicago, Austin, or New York City based on performance    A highly-competitive internship compensation package   Optiver-covered flights, living accommodations, and commuting stipends    Extensive office perks, including breakfast, lunch, snacks, regular social events, clubs, sporting leagues, and more   What To Expect :   As part of our assessment process, you may be invited to participate in a multi-day, on-site evaluative program. Through hands-on workshops, technical discussions, and direct exposure to our researchers and traders, you’ll gain insight into how research is applied at Optiver and how PhD students transition successfully into industry. Attendance and successful completion of this program may be required to receive an internship offer.   Who You Are:   Currently enrolled in a PhD program in Statistics, Computer Science, Machine Learning, Mathematics, or a related STEM field with outstanding academic performance   Expected graduation between December 2027 – June 2029 and available to intern during Summer 2027   Open to full-time opportunities upon graduation in 2028 or 2029   Solid foundation in mathematics, probability, and statistics   Excellent research, analytical, and modeling skills   Experience applying machine learning