Junior Quantitative Strategist

Sorry, this job was removed at 09:52 p.m. (CST) on Thursday, Nov 21, 2024
Chicago, IL
Internship
Fintech • Payments • Financial Services
The Role

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions and automation. We specialize in providing liquidity as an options market-maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully we design and implement our own low latency technologies, trading strategies and mathematical models. 

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai and London.

What you’ll do as a Junior Quantitative Strategist on the Quant Trading & Research team at Akuna:

Akuna’s Quant Strategy Group is a multidisciplinary team composed of Traders, Quant Developers and Researchers embedded with specific trading desks. The team is looking to add Junior Quantitative Strategists who will make a direct and measurable impact on our trading decisions and performance. 

We are searching for creative thinkers with strong programming backgrounds who can convert ideas into trading solutions, tighten our innovation cycle through rapid prototyping of performant production code, and have a desire to develop a deep understanding of financial markets. Junior Quant Strategists are expected to build on these skills to communicate fluently with traders, quants and engineers in their own domains.

No prior experience with financial markets is required. Junior Quant Strategists will participate in Akuna’s training program and bootstrap their knowledge through a rotational program alongside members of the QSG. In this role you will:

  • Identify and execute on ideas to further automate our trading
  • Quantify the expected and actual impact of innovations on our results
  • Develop and maintain ownership over automated trading strategies
  • Rotational training program where you will get exposure to 4 different desks

Requirements for this role:

  • BS/MS/PhD degree in a technical field – Engineering, Computer Science, Math, Physics (or related subject) must be completed upon employment
  • Strong programming skills in Python 
  • Desire and ability to learn the intricacies of financial markets
  • Must be graduating August 2025 or prior
  • GPA of 3.5 or above
  • Legal authorization to work in the U.S. is required on the first day of employment including F-1 students using OPT or STEM

Qualities that make great candidates:

  • Strong math aptitude, numerical and quantitative analysis skills 
  • Entrepreneurial self-starter ready to work in a fast paced and competitive team environment
  • The ability to communicate effectively and efficiently across multiple domains 
  • The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
  • Exposure to financial markets and trading

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want all groups to feel empowered to apply, even if you don’t meet every qualification. We welcome your application and encourage you to take the first steps toward your future with us! 

Please note: By submitting an application for this role, you are indicating this is your top preference and acknowledge you will not be considered for other Quant and/or Tech roles at Akuna this recruiting season. This acknowledgement does not limit applications to Trading roles - in addition to this role, you may apply to any Trader roles of interest. 

 

**Resumes must be submitted in PDF format. 

The Company
HQ: Chicago, Illnois
264 Employees
On-site Workplace
Year Founded: 2011

What We Do

Akuna Capital is an innovative trading firm with a strong focus on cutting-edge technology, data driven decisions and automation. Our core competency is providing liquidity as an options market-maker – meaning we provide competitive quotes that we are willing to both buy and sell. To do this successfully we design and implement our own low latency technologies, trading strategies and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, and London.

We are the leading options market-maker to successfully enter the industry in recent years with sustainable growth. By providing more liquidity to the markets through rapid innovation, we have the advantage of youth in remaining nimble and agile in an ever-changing competitive landscape.

Akuna has no clients or external investors, we trade only with the company’s capital. We have dozens of employee-shareholders and this number continues to grow.

We are really proud of what we have accomplished since inception, but even more excited for all that lies ahead of us. We are still building, accessing new markets, trading new products, and creating new strategies, giving you the opportunity to be involved in shaping the future of Akuna. Indeed, the great majority of Akuna’s growth profile is ahead of us.

Visit Us: A 360 Virtual Reality Experience: https://vr.akunacapital.com

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