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Optiver

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4.6
  • 1,000 - 50,000 employees

Graduate Quantitative Researcher (Feb 2025)

Location details

On-site

  • Australia

    Australia

    • New South Wales

      Sydney

  • New Zealand

    New Zealand

Location

Sydney, New Zealand

Opportunity expired

Opportunity details

  • Opportunity typeGraduate Job or Program
  • SalaryAUD 200,000 - 250,000 / Year
  • Additional benefitsPackage inclusive of superannuation
  • Number of vacancies1-5 vacancies
  • Application open dateApply by 24 May 2024
  • Start dateStart date 20 Feb 2025

Want to work alongside talented peers to solve complex and challenging problems every day?

Optiver's Quantitative Researcher Graduate program will empower you with the skills needed to excel in our fast-paced environment.

Kickstart the program with four weeks of training in the Optiver Academy, our global training program in Amsterdam.

Then, once youโ€™ve got the basics covered, you'll continue the rest of your learning in Sydney, where you'll join one of our research teams and put your knowledge into practice. You'll get to work on entrepreneurial projects that create immediate impact.

With our support, mentorship and world-class training, thereโ€™s no limit to how quickly you can accelerate your career at Optiver. Apply today.

What youโ€™ll do

No previous experience in trading or financial markets? You bring the passion and we'll have the training to support you along the way.

As our Graduate Quantitative Researcher, you'll work on critical projects that help improve global financial markets. Youโ€™ll be constantly applying your strong analytical abilities to create insights and proposals that drive impactful and innovative trading strategies.

Every day will present you with new and interesting challenges to solve. And itโ€™s up to you and your team to drive our success by ensuring that our quantitative models remain at the cutting-edge of constantly evolving capital markets.

What youโ€™ll get

  • The chance to work alongside diverse and intelligent peers in a rewarding environment
  • Competitive remuneration, including an attractive bonus structure and additional leave entitlements
  • Training, mentorship and personal development opportunities
  • Gym membership plus weekly in-house chair massages
  • Daily breakfast, lunch and an in-house barista
  • Regular social events including an annual company trip
  • A work-from-home allowance and support
  • Guided relocation and a competitive relocation package.

Who you are

  • A final year university student or recent graduate
  • Studying a quantitative or technically focused degree, such as Maths, Statistics, Physics, Elec / Mechatronic / Software Engineering, Computer Science, Applied/Quantitative Finance or Econometrics.
  • An Australian or New Zealand Citizen, Australian Permanent Resident or able to provide evidence of full working rights

Youโ€™re an inquisitive, critical thinker who is creative in innovating new solutions. You're constantly keen to understand the โ€œwhyโ€ and you're a strong believer in the power of collaborative problem solving. In addition, you:

  • Are pragmatic and focused on outcomes.
  • Can communicate technical concepts well.
  • Enjoy utilising technology, programming or maths in your daily life to solve problems.
  • Possess programming experience in any language (C, C++, Python, Basic, JAVA, etc.).

We offer a range of opportunities in our research teams. Through our training program, we'll help you find the perfect role. 

  • D1 Researcher

As a D1 Researcher, youโ€™ll collaborate with traders and developers to build live trading strategies, using cutting-edge statistical and machine learning algorithms. Youโ€™ll build trading signals from market or fundamental data, combine signals and optimise strategy parameters through our state-of-the-art back testing infrastructure.

Whilst you'll use a mix of statistics, computer science and economics in your research, there are no textbook solutions to what you aim to solve. Instead, youโ€™re driven to go beyond theory and search for hidden signals to help you create profitable strategies.

  • Options Pricing Research

As an Options Pricing Researcher, you will get exposure to the full stack of our trading pipeline. Starting with trading systems, you will process the raw data into valuable market indicators or "alphas" that show market trends. This involves using statistics, creating visual representations, and dealing with large datasets. Next, you will make statistical models to predict financial outcomes such as future market movements or conditions.

You'll also be trained on how to develop strategies with traders. This involves finding new trading opportunities, codifying them into trading schemes, and thoroughly testing these strategies. You'll be involved in managing these strategies, which includes assessing risks, monitoring live performance, and comparing this to back test results.

  • Performance and Strategy Researchers

Whether you join as a Performance or Strategy Researcher, youโ€™ll develop and test hypotheses experimentally, under real-world conditions and constraints, to drive improvements in our trading systems.

As a Performance Researcher, youโ€™ll be using data science, reverse engineering, and computing fundamentals to improve the success of our trading systems. You could be building tools to optimise our low-latency strategies, utilising custom built FPGA hardware, or analysing terabytes of systems and network capture data to process and discover hidden patterns.

As a Strategy Researcher, youโ€™ll be leveraging our understanding of execution success and pricing to design and improve automated trading strategies. The scope of projects youโ€™ll work on is broad, ranging from optimising strategy parameters, to examining market data and finding new hidden market opportunities, to developing new strategies that capture these opportunities.

Who we are

Optiver is a global market maker founded in Amsterdam, with offices in London, Chicago, Austin, New York, Sydney, Shanghai, Hong Kong, Singapore, Taipei and Mumbai. Established in 1986, today we are a leading liquidity provider, with close to 2,000 employees in offices around the world, united in our commitment to improve the market through competitive pricing, execution and risk management. By providing liquidity on multiple exchanges across the world in various financial instruments we participate in the safeguarding of healthy and efficient markets. We provide liquidity to financial markets using our own capital, at our own risk, trading a wide range of products: listed derivatives, cash equities, ETFs, bonds and foreign currencies.

Optiverโ€™s Sydney office is one of the primary players within Asian markets, trading a range of products. Established in 1996, we're an active participant on the Hong Kong, Korea, Singapore, Taiwan and Japan exchanges, and act as Optiverโ€™s APAC head office. 

Apply now

Ready to take your career to the next level? Apply today.

As an intentionally flat organisation, we believe that great ideas and impact can come from everyone. We are passionate about empowering individuals and creating diverse teams that thrive. Every person at Optiver should feel included, valued and respected, because we believe our best work is done together.

Our commitment to diversity and inclusion is hardwired through every stage of our hiring process. We encourage applications from candidates from any and all backgrounds, and we welcome requests for reasonable adjustments during the process to ensure that you can best demonstrate your abilities.

If you have any questions regarding this opportunity, please contact us.

Work rights

The opportunity is available to applicants in any of the following categories.

Work light flag
Australia
Australian Citizen โ€ข Australian Permanent Resident โ€ข International Student/Graduate Visa
Work light flag
New Zealand
New Zealand Citizen

Qualifications & other requirements

You should have or be completing the following to apply for this opportunity.

Degree or Certificate
Qualification level
Qualification level
Bachelor or higher
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Working rights
    Australian Citizen
  • Study fields
    Business & Management
  • Degree typesBachelor or higher
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Reviews

user
Graduate
Sydney
โ€ข
5 months ago

I am a trader. It is my responsibility to make decisions about which trades to make, how to parametrise our systems, and work with other traders and developers to improve our systems

user
Graduate
Sydney
โ€ข
2 years ago

Due to the emphasis on business acumen, employees know about the business impact of what they work on, and why it matters. As a software dev, I work on maintaining and developing software solutions to solve business/compliance problems.

user
Graduate
Sydney
โ€ข
2 years ago

Working with traders to improve the behaviour of auto traders. Very interesting and rewarding. Given a lot of project ownership.

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About the employer

Optiver Logo

Optiver

Rating

4.6

Number of employees

1,000 - 50,000 employees

Industries

Trading

Ready to accelerate your career? Discover Optiver, a global tech-driven trading firm.

Pros and cons of working at Optiver

Pros

  • The responsibility to work on impactful projects from early on.

  • The perks - company trip, daily meals, weekly massages.

  • Opportunities are there for people who want them -- you can very quickly take ownership of a problem or space.

  • Lots of smart people and interesting problems to solve.

  • People challenge each other to be best that they can be. There is no blame with errors and every opportunity to learn is taken.

Cons

    • You will constantly be working on di๏ฌ€erent products, with tight timelines and high ownership.

    • The finance domain is quite complex, and onboarding/learning about new financial concepts... is challenging.

    • The expectations are high and constant.

    • Too many things that could be done.

    • Can be intense at times