Senior Manager, Algorithmic Trading

FanDuel

Confirmed live yesterday High trust
Hybrid

Quick summary

Work type
Hybrid
Location
Jersey City, NJ
Salary
$156,000–$204,750 / yr
Posted
80 days ago
Freshness
Confirmed live yesterday

Market check

Salary context

Competitive pay

How this pay compares to similar roles

Similar $192k
This role $180k
$140k most similar roles pay here $236k

This role pays less than 57% of similar roles. Most pay $159,669–$225,000 — the shaded band above. At the midpoint, this role pays about $180k versus about $192k for comparable roles.

Based on 240 similar postings.

Employer

About FanDuel

FanDuel is a leading online sports betting and daily fantasy sports platform operating across the United States, offering sportsbook wagering, casino games, and horse racing to millions of customers.

FanDuel currently has 13 open roles on FindRole.

Listed pay typically runs $156,000–$204,750 across 13 roles with salary data.

Most-posted roles

View all roles at FanDuel

At a glance

TL;DR · Senior Manager, Algorithmic Trading

The Algorithmic Trading Senior Manager joins the Risk & Trading team to help build and lead a specialized unit focused on automated trading systems. This leader will manage day-to-day operations, oversee 24/7 coverage, and develop sophisticated market-making algorithms for sports betting markets. Key responsibilities include building statistical forecasting models using real-time data feeds, managing order flow across thousands of simultaneous markets, and collaborating with engineering teams to improve infrastructure and reduce latency. The role requires proficiency in Python, C++, Java, or Golang, along with experience in machine learning, web scraping, and large dataset analysis. Candidates must possess deep knowledge of sports betting markets, including various bet types and predictive modeling. This position solves the challenge of optimizing expected revenue and capital allocation while maintaining strict risk parameters within a high-volume trading environment.

What you'll do

  • Design and deploy automated market-making algorithms to optimize revenue, capital efficiency, and risk management.
  • Manage the day-to-day operations of the algorithmic trading team to ensure 24/7 coverage.
  • Build and maintain statistical forecasting models using real-time data feeds and market signals.
  • Manage order flow and position risk across thousands of simultaneous markets to ensure positive expected value.
  • Aggregate and synthesize pricing data from multiple sources including APIs and web scraping.
  • Collaborate with engineering teams to improve trading infrastructure, reduce latency, and enhance system reliability.
  • Monitor and optimize P&L performance while conducting post-mortems following significant events.
  • Develop risk optimization strategies to maximize capital utilization across all betting markets.

What we're looking for

  • 5+ years of quantitative or algorithmic trading experience in sports betting, prediction markets, derivatives, or market-making.
  • Demonstrated track record of positive P&L through systematic trading strategies.
  • Strong programming skills in Python, C++, Java, Golang, or similar languages for production systems.
  • Experience building statistical models and applying machine learning techniques to forecasting problems.
  • Proficiency with data collection via APIs or web scraping and performing rapid quantitative analysis on large datasets.
  • Deep knowledge of sports betting markets, including various bet types and predictive modeling for outcomes.
  • Proven ability to lead, build, and develop high-performing teams in a collaborative environment.
  • Experience with automated trading systems, market microstructure, liquidity provision, and order book dynamics.

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