Algorithmic Trading Senior Manager

FanDuel

Hybrid

Quick summary

Work type
Hybrid
Location
Jersey City, NJ
Salary
$156,000–$204,750 / yr
Posted
6 days ago

Market check

Salary context

Competitive pay

How this pay compares to similar roles

Similar $195k
This role $180k
$146k most similar roles pay here $238k

This role pays less than 61% of similar roles. Most pay $164,625–$225,000 — the shaded band above. At the midpoint, this role pays about $180k versus about $195k 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 21 open roles on FindRole.

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At a glance

TL;DR · Algorithmic Trading Senior Manager

This senior quantitative trading role within the Risk & Trading team at FanDuel involves designing and deploying automated market-making algorithms for sports betting to optimize revenue and risk management. The candidate will manage daily operations of the algorithmic trading team, build statistical forecasting models using real-time data, and collaborate with engineering teams to enhance trading infrastructure. Key responsibilities include managing order flow across thousands of markets, optimizing P&L, and developing risk strategies. Ideal candidates have 5+ years of quantitative trading experience in sports betting or related fields, strong programming skills in Python, C++, Java, or Golang, and expertise in statistical modeling and machine learning. Knowledge of sports statistics and bet types is essential, as is the ability to work effectively under pressure in a fast-paced environment.

What you'll do

  • Design and deploy automated market-making algorithms for sports betting markets.
  • Manage day-to-day operations of the algorithmic trading team for 24/7 coverage.
  • Build statistical forecasting models using real-time data feeds and market signals.
  • Monitor order flow and position risk across thousands of simultaneous markets.
  • Develop and define risk optimization strategies to enhance capital utilization.

What we're looking for

  • 5+ years of quantitative or algorithmic trading experience in sports betting or related fields.
  • Proven track record of positive P&L through systematic trading strategies.
  • Strong programming skills in Python, C++, Java, Golang, or similar languages.
  • Experience with automated trading systems and real-time data integration.
  • Deep understanding of market microstructure and order book dynamics.
  • Ability to build statistical models and apply machine learning techniques.
  • Demonstrated leadership in building and managing high-performing trading teams.

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