Commodities Macro Analyst

Overview

As a Commodities Macro Analyst at DRW, you join a high-caliber trading team to support one PM through advanced analytics and research. You will analyze global macro cycles and commodity fundamentals, build-facing models, and help manage risk and P&L. This role blends research with tool development in a fast-paced environment, offering a long-term path to grow technical and market expertise. You’ll work with cross-functional teams to drive data-driven decision making and impact trading ideas.

Responsibilities

• Top-Down Macro analysis of global cycles, policy, rates and inflation to identify volatility drivers
• Bottom-Up Fundamentals: build and maintain supply/demand balances and flow-of-funds models for core commodities
• Credit/Micro: assess financial health of producers/consumers (balance sheets, capex)
• Desk Infrastructure: develop, test, and deploy proprietary analytical tools, models, dashboards
• Coding: use Python to build/enhance tools for research, backtesting, and production reporting
• Data Management: design and maintain data pipelines (including SQL) for clean data feeds
• Trade Support: assist in researching and stress-testing trade ideas and executing trades
• Risk Management: monitor portfolio risk, attribution, and P&L analysis

Key requirements

• Minimum 3 years of relevant experience at a prop trading firm, hedge fund, investment bank or trading venue
• Strong knowledge of financial products and interest in Commodities and Macro
• Exceptional analytics and problem-solving skills
• Experience building tools and managing data in Python
• Excellent verbal, written and presentation skills

• versatility
• team player
• strong analytical thinking
• Python
• SQL
• data pipelines

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