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Internship Quant Trading Jobs in Arizona (NOW HIRING)

Internship Quant Trading information

What is an internship in quantitative trading?

An internship in quantitative trading is a temporary position, typically for students or recent graduates, where individuals gain hands-on experience working with quantitative analysts and traders at financial firms. Interns learn how to develop and implement mathematical models to identify trading opportunities, analyze large datasets, and assist in algorithm development. These internships often involve using programming languages like Python or C++, and require strong mathematical and analytical skills. The experience helps interns build a foundation for a career in quantitative finance, providing exposure to real-world trading strategies and financial markets.

What do quant trading interns typically do?

Quant trading interns often work closely with experienced traders and quantitative analysts on projects that involve data analysis, backtesting trading strategies, and developing new models. You might be tasked with gathering and cleaning financial data, coding algorithms in languages like Python or C++, and assisting in evaluating the performance of trading strategies. Collaboration is key, as you'll regularly participate in team meetings, share findings, and receive feedback to improve your work. This hands-on exposure not only enhances your technical skills but also gives you insight into the fast-paced decision-making environment of quant trading.

What are the key skills and qualifications needed to thrive as a quant trading intern?

To thrive as an intern in Quantitative Trading, you need strong analytical abilities, proficiency in mathematics and statistics, and familiarity with programming languages such as Python, C++, or R, often supported by progress toward a quantitative degree. Experience with data analysis tools, financial modeling software, and platforms like Bloomberg Terminal or MATLAB is highly valued. Initiative, problem-solving skills, attention to detail, and effective communication distinguish top candidates in this competitive field. These skills and qualities are crucial for analyzing complex data, developing trading strategies, and collaborating successfully within fast-paced financial environments.

What is the difference between Internship Quant Trading vs Quant Trading Analyst?

AspectInternship Quant TradingQuant Trading Analyst
CredentialsUndergraduate or early graduate students, some programming knowledgeBachelor's or master's degree in finance, math, or computer science; some roles prefer advanced degrees
Work EnvironmentInternship programs, learning-focused, mentoredFull-time, professional trading environment, more responsibility
Employer & Industry UsageHired by hedge funds, investment banks, proprietary trading firms during internshipsEmployed as entry-level or junior analysts in trading firms or financial institutions

Internship Quant Trading positions are typically temporary, designed for students to gain exposure and skills, while Quant Trading Analysts are full-time roles with greater responsibilities in developing and executing trading strategies. Both roles require strong quantitative skills, but the internship is more educational, whereas the analyst role involves ongoing trading activities.

What are the most commonly searched types of Quant Trading jobs in Arizona?

The most popular types of Quant Trading jobs in Arizona are:

What are popular job titles related to Internship Quant Trading jobs in Arizona?

For Internship Quant Trading jobs in Arizona, the most frequently searched job titles are:

What cities in Arizona are hiring for Internship Quant Trading jobs?

Cities in Arizona with the most Internship Quant Trading job openings:

Real Time Trader Associate / Trader I

APS

Phoenix, AZ

Full-time

Posted 2 days ago

New


Atlanta Public Schools rating

5.3

Company rating: 5.3 out of 10

Based on 6 frontline employees who took The Breakroom Quiz

546th of 640 rated elementary and secondary schools


Job description

Arizona Public Service generates reliable, affordable and clean energy for 2.7 million Arizonans. As the state's largest and longest-serving energy provider, our more than 6,000 dedicated employees power our vision of creating a sustainable energy future for Arizona.

Summary

The Real Time Trader Associate / Trader I assists the more senior Real-Time Trader to ensure that APS customers are provided with the most economical sources of energy by analyzing short-term market conditions and company generating resources.  The Associate will be limited to making energy purchases and sales under the direction of the Real-Time Trader and Real-Time Trader Senior levels.  Assist in the implementation of approved marketing strategies in real-time to maximize APS' bottom line profit.  Understand and execute all trading activities in compliance with Regulatory and Reliability standards and protocols.  Purchase and sell intraday natural gas for the system, when needed, to ensure significant imbalances do not occur.  Manage gas storage and assists traders in arbitrage opportunities.

Minimum Requirements

Real Time Trader Associate 

  • Bachelor's degree in a quantitative, technical, or business-related field (e.g., engineering, mathematics, economics, finance, accounting, business administration) or an equivalent combination of education and relevant experience, which may include internships or hands-on work in energy markets, system operations, or a related analytical environment. 
  • Demonstrated verbal and written communication skills.
  • Ability to analyze information and make sound decisions using quantitative reasoning.
  • Proficiency with computer systems, databases, software applications, and related technology tools.
  • Ability to perform effectively in a fast-paced, dynamic operating environment and work rotating shifts as required. 
  • Must successfully qualify on the gas desk within six months of hire.

Real Time Trader I 

  • Bachelor's degree in a quantitative, technical, or business-related field (e.g., engineering, mathematics, economics, finance, accounting, business administration)
  • And two (2) years related experience or an equivalent combination of education and relevant experience, which may include hands-on work in energy markets, system operations, or a related analytical environment. 
  • Demonstrated verbal and written communication skills.
  • Ability to analyze information and make sound decisions using quantitative reasoning.
  • Proficiency with computer systems, databases, software applications, and related technology tools.
  • Ability to perform effectively in a fast-paced, dynamic operating environment and work rotating shifts as required. 
  • Must successfully qualify on the gas desk within six months of hire.
Major Accountabilities

1) Project system load requirements and commit the most economical APS resources to meet customer demand as directed.
2) Analyze market conditions and as directed, purchase/sell energy to meet system needs, create customer savings, and produce margin.
3) Negotiate sales of energy as directed to other utilities and marketers in a real time competitive market environment as directed.
4) Continually review/comply with all Regulatory (ACC/FERC) and Reliability requirements (NERC/WECC/SRSG).
5) Continually monitor and analyze on-line generation to ensure sufficient system operation reserves are maintained.
6) Ensure that interconnected system and associated operating agreements, criteria and guidelines are met.
7) Provide complete and accurate documentation of all transactions, commitments, counterparty and Balancing Authority communications and events relating to the generation and marketing of APS Energy Resources.
8) Implement an optimum gas supply strategy program which maximizes supply at the most cost effective level.
9) Negotiate cash market gas purchases and sales.

Export Compliance / EEO Statement

This position may require access to and/or use of information subject to control under the Department of Energy's Part 810 Regulations (10 CFR Part 810), the Export Administration Regulations (EAR) (15 CFR Parts 730 through 774), or the International Traffic in Arms Regulations (ITAR) (22 CFR Chapter I, Subchapter M Part 120) (collectively, 'U.S. Export Control Laws'). Therefore, some positions may require applicants to be a U.S. person, which is defined as a U.S. Citizen, a U.S. Lawful Permanent Resident (i.e. 'Green Card Holder'), a Political Asylee, or a Refugee under the U.S. Export Control Laws. All applicants will be required to confirm their U.S. person or non-US person status. All information collected in this regard will only be used to ensure compliance with U.S. Export Control Laws, and will be used in full compliance with all applicable laws prohibiting discrimination on the basis of national origin and other factors. For positions at Palo Verde Nuclear Generating Stations (PVNGS) all openings will require applicants to be a U.S. person.
Pinnacle West Capital Corporation and its subsidiaries and affiliates ('Pinnacle West') maintain a continuing policy of nondiscrimination in employment. It is our policy to provide equal opportunity in all phases of the employment process and in compliance with applicable federal, state, and local laws and regulations. This policy of nondiscrimination shall include, but not be limited to, recruiting, hiring, promoting, compensating, reassigning, demoting, transferring, laying off, recalling, terminating employment, and training for all positions without regard to race, color, religion, disability, age, national origin, gender, gender identity, sexual orientation, marital status, protected veteran status, or any other classification or characteristic protected by law.
For more information on applicable equal employment regulations, please refer to EEO is the Law poster. Federal law requires all employers to verify the identity and employment eligibility of every person hired to work in the United States, refer to E-Verify poster. View the employee rights and responsibilities under the Family and Medical Leave Act (FMLA).
In compliance with the Drug Free Workplace Act of 1988, the Company is committed to a work environment that is free from the effects of alcohol and controlled substances, and free from the abuse or inappropriate use of prescribed and over-the-counter medications. The Company requires employees to be subject to drug and alcohol testing that is job-related and consistent with business necessity, regulatory requirements and applicable laws.

Onsite: Requires work to be performed in the field and/or at an APS facility.  Depending on the responsibilities of the role, this may include, but is not limited to, working at a power plant, job site, or in the community. 

  • Employees are expected to reside in Arizona (or New Mexico for Four Corners-based employees).  
  • Role types are subject to change based on business need. 

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