Algorithmic Trading Senior Manager
FanDuel is seeking an Algorithmic Trading Senior Manager to assist in the build of an algorithmic trading team that will leverage world-class sports pricing algorithms. Reporting to the Market Making Senior Director of Quants & Algorithmic Trading, this leader will be instrumental in building a team to operate and evolve sophisticated automated trading systems that optimise ongoing positions within the market. This role will work at the intersection of sports betting, quantitative modelling, and real-time trading to ensure we optimise for expected revenue and capital allocation. This role will be involved with the development and performance of our algorithmic market-making trading strategies, collaborating closely with quants, product and engineering, and commercial teams. The work will directly impact millions of dollars in daily trading volume and ensuring that we are consistently staying within the bounds of our overall Risk parameters.
- Design and deploy automated market-making algorithms for sports betting markets, optimising for expected revenue, capital efficiency, and risk management.
- Manage day-to-day operations and execution of the algorithmic trading team that ensures 24/7 coverage and optimisation.
- Build and maintain statistical forecasting models for sports outcomes, incorporating real-time data feeds, line movements, and market signals.
- Manage order flow and position risk across thousands of simultaneous markets, including combo markets ensuring +EV positions while maintaining appropriate risk exposure.
- Aggregate and synthesise pricing data from multiple sources including APIs, web scraping, and third-party providers to inform trading decisions.
- Collaborate with engineering teams to improve trading infrastructure, UIs, reduce latency, and enhance system reliability.
- Monitor and optimise P&L and trading performance, building and communicating trading strategies prior to significant events and conducting post-mortems following the events.
- Develop and define risk optimisation strategies to optimise capital utilisation.
- 5+ years of quantitative or algorithmic trading experience, preferably in sports betting, prediction markets, derivatives, or market-making (required)
- Demonstrated track record of positive P&L through systematic trading strategies (required)
- Deep understanding of market microstructure, liquidity provision, and order book dynamics (required)
- Experience with automated trading systems, including liquidity provision and position management (required)
- Familiarity with trading APIs and programmatic order execution (required)
- Strong programming ability in Python, C++, Java, Golang, or similar languages for production trading systems (required)
- Experience building statistical models and applying machine learning techniques to forecasting problems (required)
- Proficiency with data collection via APIs or web scraping (required)
- Comfortable working with large datasets and performing rapid quantitative analysis (required)
- Understanding of low-latency systems and performance optimisation (preferred)
- Deep knowledge of sports betting markets and experience trading on traditional bookmakers (required)
- Understanding of sports statistics, handicapping, and predictive modelling for sports outcomes (required)
- Familiarity with different bet types (spreads, totals, moneylines, props, parlays, etc.) (required)
- Experience with poker, DFS, fantasy sports, or other skill-based competitive games involving game theory is a plus (nice-to-have)
- Medical, vision, and dental insurance
- Life insurance
- Disability insurance
- A 401(k) matching program (up to 5% match)
- Paid personal time off
- 14 paid company holidays
- Paid sick time
- Short-term or long-term incentive compensation, including cash bonuses and stock program participation
- Programs for fertility and family planning, mental health support, and fitness benefits
- Commuter benefits
- Pet insurance
FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, and leagues. The premier gaming destination in the North America, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, and TV/media, including FanDuel, Stardust Casino and TVG. The company is based in New York with US offices in Los Angeles, Atlanta, and Jersey City, as well as global offices in Canada and Scotland. The company’s affiliates have offices worldwide, including in Ireland, Portugal, Romania, and Australia. FanDuel Group is a subsidiary of Flutter Entertainment, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).