Oil and Refined Products Analyst/Trader at Jane Street (New York New York, United States)

Jane Street· New York New York, United States·5d ago

Job description

About the Position

We are looking to hire an experienced Oil and Refined Products Analyst or Trader to collaborate closely with our Trading team to build comprehensive supply/demand models and pricing models for major crude and distillate markets, and contribute and generate actionable trading ideas and strategies.

About You

Have 3+ years of analyst experience in oil related commodity analysis or trading
Strong quantitative modeler with experience in supply/demand fundamentals analysis
Have a deep understanding of oil or distillate market supply and demand fundamentals and pricing frameworks
Highly analytical thinker with proficiency in statistical modeling and scenario analysis
Comfortable working in a fast-paced, collaborative trading environment
Strong communicator with the ability to translate complex analysis into actionable insights

If you're a recruiting agency and want to partner with us, please reach out to agency-partnerships@janestreet.com.

Why work at Jane Street

Culture: Described as “open and collaborative,” with porous boundaries between trading, research, and technology. Intellectual humility and curiosity are highly valued.
Learning & Development: Offers immersive internships, multi-day programs, direct mentorship, and a week abroad for interns. Full-time employees have access to extensive internal training, a library, and classrooms in every office.
Work Environment: Most employees write code as part of their regular work. The firm is known for its technical excellence and for using the most advanced tools available.
Benefits: Daily breakfast and lunch, fully-stocked kitchens, on-site gyms, nursing suites, quiet rooms, recreation spaces, health services, and more. Offices are designed for collaboration and deep focus.
Remote/Hybrid Policy: Not explicitly stated, but the firm emphasizes in-person collaboration on trading floors. Offices are located in major global cities.
Diversity: Actively seeks people from all backgrounds and emphasizes that the company is only as strong as its people.

About Jane Street

Company Overview

One-liner: Jane Street is a global quantitative trading firm and liquidity provider that uses sophisticated technology, machine learning, and deep market expertise to trade financial products across equities, bonds, options, and ETFs.
Entity Type: Private (not publicly traded)
Headquarters: New York, USA (with offices in London, Hong Kong, Singapore, and Amsterdam)
Founded: 2000
Founders: Not publicly disclosed as a single founder group; the firm was founded by a team of quantitative traders and technologists.

Core Business

Primary industry/industries: Quantitative finance / Proprietary trading / Market making
Target customers: Institutional clients (asset managers, pension funds, insurance companies, hedge funds) and global exchanges; the firm acts as a liquidity provider on over 200 electronic exchanges.
Mission or purpose statement: “Solving the puzzle of global markets” — a research-driven approach to trading, blending human intuition with cutting-edge quantitative analysis.

Products & Services

Market Making: Jane Street provides continuous, two-sided quotes on equities, ETFs, bonds, options, and other instruments, helping keep prices consistent and reliable across global markets.
Proprietary Trading: The firm trades its own capital across a wide range of asset classes, using sophisticated models and automated strategies.
Institutional Sales & Trading: Partners with asset managers, pensions, and insurance companies to provide trading solutions and access to differentiated liquidity.
Technology & Infrastructure: Builds all critical software in-house (trading systems, risk management, data analysis tools), using the OCaml functional programming language.

Market Standing

Valuation/Market Cap: Not disclosed (private firm). Industry estimates suggest Jane Street is one of the world’s largest and most profitable market makers, with annual trading volumes in the trillions of dollars.
Key Metric: Not publicly disclosed. The firm is widely reported to have generated billions in annual revenue and profit, though exact figures are private.
Notable Investors/Partners: 100% employee-owned. No external investors. Partners include top institutional clients globally.
Growth Signals: Jane Street has grown every year in team, capital, and global presence since its founding in 2000. It has expanded from a focus on ETFs into equities, bonds, options, and other asset classes. The firm continues to invest heavily in machine learning and quantitative research.

Competitive Advantages

Technical Moat: Builds almost all software in-house using OCaml, a statically typed functional language that provides high reliability, real-time visibility, and performance at market scale.
Data & Scale: Trades on 200+ electronic exchanges globally, processing trillions of historical events to uncover both sub-microsecond and long-term market inefficiencies.
Talent Density: A culture of intellectual curiosity and collaboration across trading, research, and technology teams. The firm is known for hiring top minds from any background (math, physics, CS, engineering) and training them in-house.
Long-Term Track Record: Over 20 years of consistent growth and profitability, navigating volatile markets with a disciplined, research-driven approach.

Strategic Focus

Machine Learning & Quantitative Research: Deepening the use of ML techniques across all trading strategies, from high-frequency to long-term systematic models.
Global Expansion: Continuing to grow its presence in existing offices (NY, London, HK, Singapore, Amsterdam) and exploring new markets.
Technology Investment: Ongoing investment in infrastructure, hardware (e.g., programmable hardware, high-performance computing), and software tools to maintain a competitive edge.
Talent Pipeline: Heavy focus on recruiting interns and new grads, as well as experienced hires, with structured programs for learning and mentorship.

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