Intraday Algo Trader

Macquarie Group; Dubai; On-site; AED 367,242 - 514,138; Full time

Job summary

Macquarie Group in Dubai is seeking an experienced Intraday Algorithmic Trader to join their trading team. In this role, you will identify and capitalise on opportunities within the intraday power markets, designing and optimising algorithmic trading strategies for enhanced profitability.

The ideal candidate has a deep understanding of power markets, strong quantitative skills, and a track record of successful trading strategies. Join Macquarie and contribute to their global commodities business while working in a collaborative and entrepreneurial environment.

Qualifications

• 3+ years of experience in algorithmic trading within intraday power markets.
• Strong quantitative background and programming skills in Python or C++.
• Ability to develop, test, and deploy algorithmic trading strategies.

Responsibilities

• Identify and capitalise on opportunities in the intraday power markets.
• Design, implement, and optimise algorithmic trading strategies.
• Monitor performance to improve profitability and manage risk.

Skills

Algorithmic Trading

Quantitative Skills

Programming (Python, C++)

Risk Management

Market Knowledge (European, Japanese, US)

Fluency in English

Job description

The Intraday Trading team is a new desk in Macquarie. The desk covers proprietary Intraday power trading across European markets and is leading expansion into new territories leaning on Macquarie's existing infrastructure to accelerate this. We are in the stages of gaining market access and building an internal framework to support dynamic, technology‑driven systematic and discretionary trading. We are at an advanced stage developing proven strategies and when established will play a pivotal role in Macquarie’s global commodities business. We foster a collaborative and entrepreneurial environment, leveraging fundamental, quantitative, and technical analysis to identify trading opportunities and deliver consistent results. Our focus is on generating strong risk‑adjusted returns and expanding Macquarie’s capabilities in the systematic trading space.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

As an Intraday Algorithmic Trader, you will join a growing trading team, identifying and capitalising on opportunities in the intraday power markets. You will design, implement, and optimise algorithmic trading strategies, continuously monitoring performance to improve profitability and manage risk. Working closely with fellow Algo, discretionary traders and developers, you will strengthen models, enhance execution, and apply data driven techniques for backtesting and validation. You will stay ahead of market trends, regulatory developments, and emerging technologies, contributing insights that shape the firm’s broader trading strategy. Collaborating with traders and quants supporting all timeframes.

You are an experienced Algorithmic Power Trader with deep knowledge of intraday power markets, a strong quantitative background, and a proven track record of developing profitable algorithmic strategies.

What You Offer

• Proven experience in algorithmic trading within intraday power markets (minimum 3+ years).
• Strong quantitative and programming skills, with proficiency in Python, C++, or other relevant languages.
• Deep understanding of European, Japanese, or US power markets, including pricing dynamics and intraday trading strategies.
• Demonstrated ability to develop, test, and deploy algorithmic trading strategies.
• Strong risk management capabilities and experience operating in a performance driven trading environment.
• Proven track record of generating consistent profits through algorithmic trading.
• Ensure adherence to all relevant regulatory requirements.
• Strong entrepreneurial mindset with the ability to independently source, evaluate, and structure new trading opportunities.
• Demonstrated success in high pressure environments and collaborative team settings.
• Fluent in English, with proficiency in additional languages considered an advantage.

We are committed to providing a working environment that embraces diversity, equity, and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.

Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.