Algorithmic Trading Senior Manager

Skills

About the Role

You will help build and lead FanDuel's algorithmic trading team, operating and evolving sophisticated automated trading systems that optimize the company's ongoing market positions. Working at the intersection of sports betting, quantitative modeling, and real-time trading, you'll partner closely with quants, product, engineering, and commercial teams to ensure trading strategies maximize expected revenue and capital allocation while staying within risk parameters. You'll directly influence millions of dollars in daily trading volume and take ownership of the performance and evolution of the algorithmic market-making strategies you manage.

Requirements

• 5+ years of quantitative or algorithmic trading experience, preferably in sports betting, prediction markets, derivatives, or market-making
• Demonstrated track record of positive P&L through systematic trading strategies
• Deep understanding of market microstructure, liquidity provision, and order book dynamics
• Experience with automated trading systems, including liquidity provision and position management
• Familiarity with trading APIs and programmatic order execution
• Strong programming ability in Python, C++, Java, Golang, or similar languages for production trading systems
• Experience building statistical models and applying machine learning techniques to forecasting problems
• Proficiency with data collection via APIs or web scraping
• Comfortable working with large datasets and performing rapid quantitative analysis
• Understanding of low-latency systems and performance optimization (preferred)
• Deep knowledge of sports betting markets and experience trading on traditional bookmakers
• Understanding of sports statistics, handicapping, and predictive modeling for sports outcomes
• Familiarity with different bet types (spreads, totals, moneylines, props, parlays, etc.)
• Experience with poker, DFS, fantasy sports, or other skill-based competitive games involving game theory is a plus

Responsibilities

• Design and deploy automated market-making algorithms for sports betting markets, optimizing for expected revenue, capital efficiency, and risk management
• Manage day-to-day operations and execution of the algorithmic trading team to ensure 24/7 coverage and optimization
• 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 synthesize 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 optimize 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 optimization strategies to optimize capital utilization

Benefits

• Health plans including programs for fertility and family planning
• Mental health support
• Fitness benefits
• Generous paid time off (PTO & sick leave)
• Annual bonus and long-term incentive opportunities
• 401k with up to a 5% match
• Commuter benefits
• Pet insurance
• Paid personal time off and 14 paid company holidays
• Paid sick time