Full-Time

Software Engineer

Fundamental Equity

Posted on 5/26/2026

Schonfeld

Schonfeld

201-500 employees

Manages capital via diversified trading strategies

Compensation Overview

$150k - $175k/yr

+ Bonus

New York, NY, USA

In Person

Category
Software Engineering
Required Skills
LLM
Claude
Kubernetes
FastAPI
Python
Airflow
Git
SQL
Postgres
Docker
AWS
Terraform
DevOps
Requirements
  • 2–5 years of experience in a relevant role: quantitative development, dev strats, analytics engineering, or quantitative analysis at a bank, hedge fund, asset manager, or financial data provider
  • Strong Python proficiency with an emphasis on well-structured, object-oriented codebases; solid SQL and database design skills, particularly PostgreSQL
  • Experience building and deploying backend services and APIs (FastAPI or equivalent) in a production environment
  • Hands-on experience with AI/LLM integration across multiple model providers: API usage, prompt engineering, tool use, and retrieval-augmented workflows. You have built things with these, not just read about them
  • Practical familiarity with MCP servers, agentic frameworks, or multi-model orchestration architectures (custom implementations or equivalent)
  • Experience with AI-assisted development tools (e.g. Claude Code, Cursor, or similar) as part of a day-to-day engineering workflow
  • Comfortable working within AWS: EC2, containerized workloads, and infrastructure managed via Terraform or similar IaC tooling
  • Experience with Docker, Kubernetes, and workflow orchestration frameworks (Prefect, Airflow, or equivalent)
  • Sound software engineering fundamentals: version control, structured codebases, CI/CD pipelines, documentation, testing
  • Actively engaged with the AI development landscape: you follow what is changing, test new tools and frameworks hands-on to form your own views, and translate those views into practical decisions about what to build and how
  • Collaborative by nature: you share ideas openly, contribute to collective knowledge, and are comfortable working across technical and non-technical audiences, from quant researchers and central Tech teams to investment professionals. The team culture is open, engaged, and friendly, and we are looking for someone who genuinely thrives in that environment
  • Product-minded: you think about who is using the tool and what problem it solves, not just whether the code runs
  • Comfortable in a business-facing team where pace matters and requirements evolve. This is not a research lab environment
  • Self-starter who takes ownership end-to-end, from scoping and delivery through to maintenance and iteration
  • Intellectually curious about financial markets and the investment process
Responsibilities
  • Write clean, well-structured, maintainable code and contribute to good engineering practices within the team, including CI/CD pipelines and version control, with an active contribution to firmwide best practices so that deliverables can be broadly leveraged across the business
  • Build, deploy, and maintain internal APIs (FastAPI) and backend services that surface portfolio analytics, market data, and quantitative outputs to investment professionals, hosted within the team’s AWS environment
  • Own and extend scheduled data pipelines and orchestration workflows (Prefect) running in containerized environments (Docker, Kubernetes), ensuring reliability and observability across the platform
  • Contribute to the AI integration layer in close coordination with central Technology teams: strategically implementing and operating AI capabilities tailored to the specific needs of the Fundamental Equity business, spanning LLM APIs, MCP servers, and agentic workflows across a multi-model architecture, with the awareness that this is a rapidly evolving landscape requiring continuous reassessment of what best looks like
  • Build and maintain a shared AI plugin and skills library that can be leveraged by all Fundamental Equity investment professionals, ensuring capabilities are well-documented, reusable, and model-agnostic
  • Develop and own structured databases (PostgreSQL) underpinning research, portfolio, and operational workflows, with a view to making that data increasingly accessible and actionable through AI
Desired Qualifications
  • Experience building dashboards or lightweight frontend interfaces (e.g. Streamlit, React) for internal users
  • Exposure to alternative data ingestion or vendor API integrations
  • Prior experience in a hedge fund or multi-manager platform

Schonfeld Strategic Advisors runs a multi-manager platform that allocates capital to internal and partner portfolio managers across four main trading approaches: quantitative, fundamental equity, tactical trading, and discretionary macro with fixed income. It gives global portfolio managers autonomy, flexibility, and support to grow their businesses. Over about 30 years, Schonfeld has used proprietary technology, infrastructure, and risk analytics to spot market inefficiencies and opportunities. Its investments cover the Americas, Europe, and Asia and span multiple asset classes. In 2021, it added a discretionary macro & fixed income strategy to broaden its investible universe. The firm serves institutional investors and high-net-worth individuals seeking diversified strategies with strong risk management. Its goal is to generate returns by combining disciplined investment processes with advanced analytics and broad global exposure while actively managing risk.

Company Size

201-500

Company Stage

N/A

Total Funding

$1.5B

Headquarters

New York City, New York

Founded

1988

Simplify Jobs

Simplify's Take

What believers are saying

  • Quant Fund raised $1.7B from Blackstone, CPPIB, and Morgan Stanley in 2026.
  • Hired Citadel CFO Andrew Philipp as co-president starting September 2026.
  • Portfolio diversified into Medline, Chime, and infrastructure holdings reaching $22.6B.

What critics are saying

  • Quant strategy lost 3.9% through January 16, 2026, from crowded US equity trades.
  • Overcrowded NVDD bear ETF and IBIT positions amplify quant AUM losses in volatility.
  • Talent poaching fails against Citadel and Millennium, causing PM departures and AUM shrinkage.

What makes Schonfeld unique

  • Schonfeld invests exclusively with internal and partner portfolio managers across quantitative, equity, and macro strategies.
  • Proprietary technology and risk analytics exploit global market inefficiencies across Americas, Europe, and Asia.
  • Launched discretionary macro and fixed income strategy in 2021 to broaden asset class exposure.

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Benefits

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Company News

Business Insider
Apr 9th, 2026
Hedge funds cut Miami investment staff despite overall growth

Several major hedge funds are reducing their investment staff in Miami despite the city's reputation as a growing finance hub. Eight multistrategy firms — including Citadel, Millennium, Point72 and Balyasny — employed 218 investment professionals in Miami in 2025, down 20 from the previous year, even as their overall investing head count grew by over 11%. Citadel, which moved its headquarters to Miami in 2022, cut 15 investment professionals there whilst adding 77 globally. Millennium reduced its Miami presence from 53 investors to 48 and consolidated from two offices to one. Only ExodusPoint and Walleye increased their Miami investment staff. Growth is instead concentrated in New York, London, Hong Kong and Dubai, according to regulatory filings.

Business Insider
Jan 23rd, 2026
Renaissance, Schonfeld, and Engineers Gate down up to 6% in rough January for quants

Quantitative hedge funds have experienced a difficult start to 2026, with the average quant down 1% through mid-January, according to Goldman Sachs. Renaissance Technologies' two largest funds lost roughly 4% each through 9 January, whilst Schonfeld's quant-only strategy fell 3.9% through 16 January. Engineers Gate was down around 6% midway through the month. The losses, primarily driven by choppy US equities markets amid trade proposals from the Trump administration, represent the worst stretch since early October. Funds crowding into similar trades have also hurt returns. Performance on 16 January proved especially challenging for many quant managers. The poor start echoes difficulties from 2025, when the average quant returned 7.7%, underperforming both the average hedge fund and the S&P 500.

Bloomberg L.P.
Jan 12th, 2026
Schonfeld Backs Startup That Gives Access to Indian Hedge Funds

Schonfeld Strategic Advisors is backing a London-based startup that gives investors access to India’s equity markets by allocating to hedge funds in the South Asian country.

Business Insider
Dec 1st, 2025
Schonfeld hires top Citadel exec Andrew Philipp to bolster senior ranks

Schonfeld hires top Citadel exec Andrew Philipp to bolster senior ranks. Alex morrell new follow authors and never miss a story! * Schonfeld has hired Citadel CFO Andrew Philipp as co-president, per an internal memo. * Philipp, a former Goldman Sachs partner, will share the title with current president Andrew Fishman. * Schonfeld has bolstered its senior ranks this year to better compete with the industry's top funds. Schonfeld is adding more firepower to its senior ranks as the firm eyes further expansion in the highly competitive multi-strategy hedge fund space. The NY-based hedge fund, which manages about $17 billion, has hired Andrew Philipp, the chief financial officer of hedge fund giant Citadel and its sister trading firm Citadel Securities, as co-president, according to an internal memo from CEO Ryan Tolkin that was seen by Business Insider. "Andrew, currently the Chief Financial Officer of Citadel and Citadel Securities, will play a crucial leadership role at the firm as we continue to scale strategically, partnering closely with me, our current President Andrew Fishman and other senior leaders, while also acting as an ambassador to clients, major counterparties and talent," the memo, sent to employees Sunday evening, reads. Philipp, 43, is leaving Citadel after four years and will start the new role in September 2026. He will share responsibilities with Fishman, 66, who is staying on as co-president, according to the memo. Fishman joined Schonfeld in 2000 and has been president since 2004. Representatives for Schonfeld and Citadel declined to comment. Philipp's team at Citadel will report to COO Gerald Beeson in the interim until the firm hires a replacement, according to a person familiar with the matter. Beeson previously served as CFO for 18 years, prior to Philipp's arrival. Landing one of the hedge fund industry's top young executives is a win for Schonfeld and marks the latest major C-suite hire as Tolkin aims to fortify the firm's position and better compete with industry heavyweights such as Millennium and Citadel. This summer, Schonfeld hired Michael Grad, former head of business development at BlueCrest, as its chief investment initiatives officer, and Tracy Backofen, a longtime leader at Goldman Sachs, as global head of human capital management. Philipp began his career as a trader at Goldman Sachs, where he spent 16 years, rising to the position of partner and holding titles such as global chief market risk officer and chief risk officer for EMEA. He joined Citadel in 2021. "His hire is a continuation of our multi-year efforts to enhance the depth and breadth of our senior leadership team, to support the growth and increasing complexity of our business," Tolkin said in the memo. Schonfeld's rapid ascent earlier in the decade stalled in 2023, when a string of losses and investor outflows pushed the firm to scale back and briefly weigh a potential tie-up with Izzy Englander's Millennium. Tolkin has long envisioned Schonfeld operating in the same league as Millennium and Ken Griffin's Citadel. The firm regained its footing in 2024, delivering a 19.7% gain in its flagship Partners fund - outpacing many competitors. The fund was up 1.4% for November and 10% year-to-date, while its Fundamental Equity fund returned 1.7% and 13.6%, respectively, over the same time periods, according to a person familiar with the figures. Read next. Business Insider tells the innovative stories you want to know.

Postmedia Network
Nov 19th, 2025
Schonfeld Quant Fund Raises $1.7B

Schonfeld Strategic Advisors' Quant Fund has raised $1.7 billion, with contributions from investors in Asia, the Middle East, and North America. Notable contributors include Blackstone Inc., Canada Pension Plan Investment Board, and Morgan Stanley’s fund of funds business. The investors include sovereign wealth funds, pension funds, and asset managers.