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Quant Developer Intern Jobs in Schenectady, NY (NOW HIRING)

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Quant Developer Intern information

What is a quant developer intern?

Quant Developer Interns are students or recent graduates who work with quantitative teams at financial institutions or hedge funds to support the development and implementation of mathematical models and software for trading, risk management, or financial analysis. They typically assist with coding, data analysis, and model validation using programming languages like Python, C++, or Java. Interns in this role gain hands-on experience in applying quantitative techniques to solve real-world finance problems, often working closely with quantitative analysts and developers. The position is ideal for those interested in quantitative finance, programming, and applying mathematical concepts to financial markets.

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

To thrive as a Quant Developer Intern, you need a solid background in mathematics, statistics, and programming, often supported by progress toward a degree in a quantitative field. Familiarity with programming languages such as Python, C++, or Java, and experience with tools like MATLAB or financial data APIs, are typically expected. Strong analytical thinking, problem-solving abilities, and effective communication skills help set candidates apart. These skills and qualities are essential for developing, testing, and communicating complex quantitative models that support investment and trading strategies.

What types of projects and daily tasks can a quant developer intern expect to work on?

As a Quant Developer Intern, you can expect to work on a variety of projects that involve developing, testing, and optimizing quantitative models used in financial trading or risk management. Daily tasks often include coding algorithms, analyzing large datasets, and collaborating with quantitative analysts and senior developers to implement research ideas. You may also be involved in troubleshooting issues, streamlining code, and contributing to team meetings to discuss project progress and technical challenges. This hands-on exposure helps build both your technical and financial industry knowledge while allowing you to contribute meaningfully to the team's goals.

What is the difference between Quant Developer Intern vs Quant Analyst Intern?

AspectQuant Developer InternQuant Analyst Intern
Required CredentialsTypically pursuing or holding a degree in Computer Science, Mathematics, or related fieldsUsually pursuing or holding a degree in Finance, Economics, or related fields
Work EnvironmentFocuses on coding, algorithm development, and software implementationFocuses on data analysis, financial modeling, and market research
Employer & Industry UsageCommon in hedge funds, trading firms, and financial technology companiesCommon in investment banks, asset management firms, and financial institutions

While both roles involve finance and data analysis, the Quant Developer Intern primarily works on coding and developing trading algorithms, whereas the Quant Analyst Intern focuses on analyzing financial data and creating models. The roles often overlap in skills but differ in daily tasks and focus areas.

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Cities near Schenectady, NY with the most Quant Developer Intern job openings:

Quant Developer Intern jobs near you

Research & Engineering Co-Op

Co-Ops at New York ISO

Rensselaer, NY • On-site

$20 - $35/hr

Full-time

Posted 21 days ago

Job description

The New York Independent System Operator (NYISO) applies cutting-edge technology to operating a reliable electricity system, managing competitive markets for wholesale electricity, and planning for the Empire State's energy future. The NYISO takes pride in recruiting, developing, and retaining highly talented individuals. Our Co-Op Program provides students with the opportunity to gain hands-on experience while developing a deeper understanding of New York's bulk power system, wholesale electricity markets, and emerging grid technologies.
The Research & Engineering team is evaluating Advanced Power Flow Control(APFC) technologies and their representation within NYISO market and power system models. This co-op project will support the assessment of a modular Static Series Synchronous Compensator (SSSC) technology, an innovative transmission control device that can influence power flows by adjusting line impedance.
Working alongside engineers and subject matter experts, the co-op will help analyze whether the device behavior can be effectively represented using existing modeling approaches within the NYISO Business Management System (BMS) framework. The project will provide exposure to transmission modeling, power system operations, and the electricity markets that support reliable grid operations.
Responsibilities
  • Work closely with the Research & Engineering team to understand NYISO transmission modeling practices and the Business Management System (BMS) framework.
  • Assist in the development and execution of simulation scenarios used to evaluate the device's behavior.
  • Support baseline case development and implementation of transmission impedance adjustments in test environments.
  • Execute and analyze SCUC, RTC, and RTD simulation studies.
  • Evaluate impacts on power flows, shift factors, transmission constraints, dispatch outcomes, and market results.
  • Organize project findings, document results, and prepare technical summaries and recommendations.
  • Collaborate with Research & Engineering, Market Operations, and Grid Operations staff throughout the project.

Qualifications
  • Pursuing a Bachelor's, Master's degree or PhD in Electrical Engineering, Power Systems Engineering, Operations Research, Computer Engineering, or a related quantitative discipline.
  • Strong analytical, problem-solving, and quantitative reasoning skills.
  • Experience with data analysis, programming, or modeling tools such as Python, MATLAB, Excel, or similar software.
  • Interest in power systems, optimization, grid operations, or electricity markets.
  • Ability to interpret technical information and communicate findings effectively in both written and verbal formats.
  • Coursework or experience related to power systems, optimization, or energy markets is a plus.

The NYISO offers the flexibility to work both in the office and remotely, providing our employees with an enhanced work-life balance. This co-op position will be a hybrid role, with the expectation that students will be local to the Albany, NY area and be able to work onsite at least three days a week.
All offers of employment will be made contingent upon the successful completion of a drug screening and background check.
The NYISO is an Equal Opportunity Employer and, as such, does not discriminate in its hiring or employment practices.
Salary Range
$20-$35 USD

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