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Internship

Summer 2024 Intern

Platform Services

Posted on 11/7/2023

DriveWealth

DriveWealth

201-500 employees

API platform for fractional equities trading

Data & Analytics
Consulting
Fintech
Quantitative Finance
Financial Services
Real Estate

New York, NY, USA

Category
Software Engineering
Required Skills
JavaScript
Data Structures & Algorithms
SQL
Java
Requirements
  • Basic knowledge of computer systems, networks, and software applications
  • Knowledge of main sorting and searching algorithms, data structures and principles of algorithms complexity evaluation
  • Knowledge of basic software design patterns
  • Ability to work well in a team and collaborate effectively
  • Strong problem-solving skills and ability to learn quickly
  • Currently pursuing a Bachelor's, Masters with a graduation date between December 2024 and June 2026
  • Be available full-time and in-person for 40 hours per week
  • Must reside in NY-metro area, relocation support will not be provided
  • Must be available to start on Monday, June 3, 2024. Internship will conclude in mid-August
Responsibilities
  • Partner with internal teams to define and implement solutions that improve internal business processes
  • Build internal solutions, with custom front-ends (web) and back-end services that automate business processes
  • Maintain highest levels of development practices including technical design, solution development, systems configuration, test documentation/execution, issue identification and resolution, writing clean, modular, and self-sustaining code
  • Understand operational workflows, identify and define tool needs to enable operational scaling, and drive the development (initial and ongoing) and deployment of these tools with Engineering
  • Integrate third-party products into internal systems as well as support and upgrade implemented systems
Desired Qualifications
  • Familiarity with programming languages (eg - java , JS) is a plus
  • Familiarity with no sql and rdbms databases (eg -Dynamo DB, Aurora DB ) is a plus

DriveWealth is a preferred employer for those passionate about the convergence of finance and technology, offering advanced fractional equities trading and embedded investing solutions. The company's use of patent-pending Fracker® technology and robust trading platforms demonstrates a strong commitment to technical excellence and industry leadership in financial technologies. Their environment fosters continuous innovation and provides institutional-grade brokerage capabilities, making it an ideal workplace for forward-thinking professionals.

Company Stage

Series D

Total Funding

$576.7M

Headquarters

Jersey City, New Jersey

Founded

2012

Growth & Insights
Headcount

6 month growth

1%

1 year growth

2%

2 year growth

-3%
Simplify Jobs

Simplify's Take

What believers are saying

  • DriveWealth's recent executive hires from Morgan Stanley bring deep industry expertise, potentially accelerating product innovation and market expansion.
  • The partnership with Papara opens up a significant market in Turkey, potentially driving substantial user growth and revenue.
  • The company's ability to offer fractional shares with low minimums can attract a younger, tech-savvy demographic, fostering long-term customer loyalty.

What critics are saying

  • The rapid expansion and multiple new executive hires could lead to integration challenges and strategic misalignment.
  • DriveWealth's reliance on partnerships for market access means any disruption in these relationships could significantly impact its business.

What makes DriveWealth unique

  • DriveWealth's Brokerage-as-a-Service model allows partners like Papara to offer fractional investing, making it accessible to a broader audience.
  • The company's focus on real-time market data and low minimum investments democratizes access to U.S. equities for international retail investors.
  • Strategic partnerships, such as with Blue Ocean Technologies, extend DriveWealth's trading capabilities to a 24-hour cycle, setting it apart from traditional brokerage firms.

Benefits

Insurance – Medical, Dental, Vision, Life, LTD & STD. HSA and FSA options.

Unlimited PTO

401k plan

Flexible working hours and work from home

Continuing education and conferences reimbursement

Fitness/Wellbeing reimbursement

Home Office stipend

Lunch program, snacks and beverages available in the office

INACTIVE