Head of Engineering, Algorithmic Trading Group

Job details

Work model

Not provided by source

Salary

$300,000 – $500,000 per year

Location

Chicago

Hiring context

How this role compares at DRW

DRW has 159 live roles in MeritLog’s catalog across 9 job families, and 74 of them are in engineering. 72 of those listings publish a pay range, a disclosure rate of 45%.

This role's posted range of $300,000 – $500,000 per year sits above 100% of the 71 other DRW roles quoted over the same currency and period.

Counted across the job boards MeritLog tracks, at the time this page was served. Pay comparisons use only listings that publish a complete range in the same currency and period.

What the role asks for

Parsed by MeritLog from the employer’s own posting. The full description follows below.

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk. Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital, and crypto assets. We operate with respect, curiosity, and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation, and willingness to challenge consensus. About the Role: DRW is seeking a Head of Engineering for the Algorithmic Trading Group to lead the software and hardware engineering effort. The position oversees a collaborative technical team of approximately 30 experienced software and hardware engineers with an average tenure of 10+ years. Key Responsibilities: • Set the technical direction across the full stack, spanning low-latency trading systems, custom hardware, risk management infrastructure, networking, and UX - driving top performance and scalability • Partner with trading and research teams to balance short-term revenue opportunities against long-term investments in engineering infrastructure • Own production reliability by setting the standards for code quality, testing rigor, and release discipline, with a zero-tolerance approach to production outages • Define the group's strategy for AI adoption, establishing best practices for efficient and safe use • Lead, mentor, and grow the engineering team – attracting top talent and fostering a culture of technical excellence, knowledge sharing, and continuous improvement Qualifications: • 10+ years of progressive experience in software engineering, with at least 5 years in a senior engineering leadership role • Demonstrated track record of building and operating highly reliable, latency-sensitive distributed systems • Proven ability to recruit, develop, and lead high-performing engineering teams of 20+ engineers • Strong familiarity with generative AI coding tools and autonomous agents, with a vision for how to deploy them effectively and safely across engineering workflows • Track record of building and enforcing engineering practices that achieve near-zero defect rates in production • Bachelor's degree in Computer Science, Engineering, or a related field If this sounds like the right opportunity for you, please provide a resume and a brief statement on your approach to building high-performance, scalable, and extremely reliable systems. The annual base salary range for this position is $300,000 to $500,000 depending on the candidate’s experience, qualifications, and relevant skill set. The position is also eligible for an annual discretionary bonus. In addition, DRW offers a comprehensive suite of employee benefits including group medical, pharmacy, dental and vision insurance, 401k (with discretionary employer match), short and long-term disability, life and AD&D insurance, health savings accounts, and flexible spending accounts. For more information about DRW's processing activities and our use of job applicants' data, please view our Privacy Notice at https://drw.com/privacy-notice. California residents, please review the California Privacy Notice for information about certain legal rights at https://drw.com/california-privacy-notice. #LI-GV1

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