Quantitative Researcher

Posted 9 Days Ago
Be an Early Applicant
Chicago, IL
In-Office
130K-130K Annually
Mid level
Fintech • Payments • Financial Services
The Role
As a Quantitative Researcher, you will develop trading strategies and improve predictive models using statistical and machine learning algorithms, while collaborating with trading teams.
Summary Generated by Built In

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, London, and Singapore. 

What you’ll do as a Quantitative Researcher at Akuna:

Akuna’s Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group of mathematicians, statisticians, technologists and traders. These teams drive the development of trading strategies and predictive models by combining quantitative rigor with deep expertise in financial markets. 

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna’s strategy portfolio. In this role, you will: 

  • Develop trading strategies using statistical and machine learning algorithms
  • Drive improvements in predictive models through rigorous signal and feature research
  • Design and optimize machine learning workflows to support scalable, efficient, and reproducible research
  • Bring a results-driven mindset paired with strong collaboration and communication skills. 

Qualities that make great candidates: 

  • 3+ years of strong professional work experience in statistics, machine learning or related area
  • BS/MS/PhD degree in a technical field – Engineering, Computer Science, Math, Physics, or similar
  • Proven research background in academic or professional environment
  • Programming experience in Python or C++
  • Expertise in statistics and machine learning
  • Financial experience or knowledge of trading is a plus
  • 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

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 that level/title, as well as team placement, will be determined upon the conclusion of the interview process. If you are a current student or recent graduate, please take a look at our Entry Level and Intern positions. 

In accordance with Illinois Equal Pay Act, the minimum base salary starts at $130,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package and includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.

Top Skills

C++
Python
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The Company
HQ: Chicago, Illnois
264 Employees
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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