Risk, research memos and interviews
Part of the Quant learning and recruiting path. Read the explanation and example, attempt the task, then open the self-check.
Know what to learn for your role.
From foundations to a work sample, with sources, tasks and self-checks.
Understand
Report returns alongside drawdowns, turnover, cost sensitivity and failure conditions. Explain assumptions and update reasoning when prompted. Development candidates should also discuss implementation and recovery.
Worked example
Two strategies can share a mean return while one concentrates losses in extreme scenarios. Comparing averages alone misses tail risk.
Examples and numbers are educational, not employer questions, live market data or hiring criteria.
Practise and keep your output
Write a two-page research memo with counterevidence. Practise probability or coding problems while checking boundaries.
Keep inputs and sources, assumptions, steps, results and uncertainties in your own document. Attempt independently before checking below.
After attempting: answer and self-check
Keep it reproducible with an independent test window and explicit failures. Do not present a practice backtest as a profitable strategy.
Official channels and further reading
Pathline authors these starter lessons. These supplementary field links do not imply provider review or endorsement. Confirm Hong Kong availability and eligibility separately.
- Jane Street · Careers ↗
Separate research, trading and development, then confirm location and eligibility.
- Jane Street · Interviewing ↗
Choose official interview preparation for the relevant role.
- Python · Official tutorial ↗
Programming-language reference. Complete this line’s basic exercises alongside it.