Algorithmic Trader Job Description

Algorithmic Trader Job Description

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Algorithmic trader provides best execution across equity and equity derivatives products including futures, ETFs, swaps, and convertible bonds.

Algorithmic Trader Duties & Responsibilities

To write an effective algorithmic trader job description, begin by listing detailed duties, responsibilities and expectations. We have included algorithmic trader job description templates that you can modify and use.

Sample responsibilities for this position include:

Developing, testing and documenting algorithms to price and hedge corporate bonds
Work with Senior Algorithmic Traders to assist and learn all facets of automated trading -Develop expertise in market microstructure, tick data, and automated trading systems -Build and maintain trading quantitative model tools and analytics -Develop, code, maintain and support production quality automated trading strategies
Maintain the algorithm suite, monitor the trading flow during the trading session
Focus on stability and capacity, diagnose trading issues, enhance the strategy suite
Design new trading strategies and features stemming from
TCA / Performance analysis
Changes in market structure
Test, certify, and roll out new algo versions, engage with IT to deliver supporting technology
Use TCA to track performance and suggest trading methodology changes
Produce research papers stemming from the product or microstructure changes

Algorithmic Trader Qualifications

Qualifications for a job description may include education, certification, and experience.

Education for Algorithmic Trader

Typically a job would require a certain level of education.

Employers hiring for the algorithmic trader job most commonly would prefer for their future employee to have a relevant degree such as Master's and Bachelor's Degree in Mathematics, Computer Science, Physics, Engineering, Science, Economics, Finance

Skills for Algorithmic Trader

Desired skills for algorithmic trader include:

Underlying infrastructures beneficial
Futures and FX swaps
Bonds
Fixed Income products with a specialisation in electronic trading swaps
Credit markets
Aspects of equity sales/compliance

Desired experience for algorithmic trader includes:

Present the product internally and externally through teach ins
Specific detailed knowledge of the Asian microstructure is an advantage and must have a clear enthusiasm to learn
Preferably registered trader (?) but must be prepared to qualify and practice as a trader behind the algo
Independent thinker, self-starter, ability to interact and build relationships at different levels with senior managers, traders, ITs
Organise, analyse and use flow data to inform on execution patterns
Provide real time analysis and feedback on analytical strategies performance

Algorithmic Trader Examples

1

Algorithmic Trader Job Description

Job Description Example
Our innovative and growing company is looking to fill the role of algorithmic trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for algorithmic trader
  • Design and implement algorithmic trading strategies
  • Managing intraday performance and risk of existing algorithms
  • Enhancing existing infrastructure and algorithms
  • Developing and maintaining tools to inform hedging and trading decisions
  • Liaising regularly with traders to understand their requirements
  • Analyzing potentially large data sets to understand and predict market and client behaviors
  • Experience of automated market making in traded markets
  • Evidence of working in a team to build a portfolio of algorithmic strategies
  • Direct experience of building a testing framework for algorithmic execution, including performing testing schedule for trading strategies
  • Ability to extract, manipulate and analyse large datasets relevant to algorithimic execution
Qualifications for algorithmic trader
  • Significant experience in quantitative and algorithmic methodologies
  • Have experience working as an algorithmic trader
  • Experience as an individual contributor
  • Demonstrate resilience under pressure and a proactive attitude to overcome hurdles
  • Interest in market microstructures and quantitative trading in global markets
  • Demonstrable proficiency in code design and programming skills, with primary focus on Python and Java
2

Algorithmic Trader Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of algorithmic trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for algorithmic trader
  • Experience of working in European Energy markets
  • Previous experience of financial markets, credit electronic trading advantageous, but not a pre-requisite
  • Developing trading models, managing trading automatons
  • Managing the risks of having those executed trades on the books
  • Managing daily profit and loss reporting and PnL explain
  • Price and execute client orders where appropriate
Qualifications for algorithmic trader
  • Excellent verbal and written communication skills as this position involve frequent interaction with different teams in the firm
  • Understands the different types of risk
  • Academic background at undergraduate or Masters/PhD level in a quantitative subject (Physics, Engineering, Statistics, Mathematics, Computer Science or other analytical background)
  • Strong programming skills in Java, Python and q/kdb
  • Good problem solving skills and pragmatic approach
  • Good interpersonal skills with the ability to present complex ideas clearly

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