Quantitative Researcher

Akuna Capital; Illinois; On-site; USD 131,000 - 160,000; Full time

Benefits offered by this job

Performance bonus

Medical, dental, vision insurance

Retirement contributions

Paid time off

Job summary

Akuna Capital is seeking Quantitative Researchers to join a multidisciplinary team of mathematicians, statisticians, technologists and traders in Chicago and beyond. You will work on developing trading strategies and predictive models by combining quantitative rigor with market expertise.

The role emphasizes collaboration and fast problem solving in a dynamic environment. The team will apply machine learning to trading strategies, feature research, and scalable workflows, with compensation

Qualifications

• 3+ years of professional work experience in statistics, machine learning or related area
• BS/MS/PhD in a technical field (Engineering, Computer Science, Math, Physics)
• Proven research background in academic or professional environment
• Programming experience in Python or C++
• Expertise in statistics and machine learning
• Financial experience or knowledge of trading is a plus

Responsibilities

• Develop trading strategies using statistical and machine learning algorithms
• Drive improvements in predictive models through rigorous signal and feature research
• Design and optimize machine learning workflows to support scalable, efficient research
• Collaborate effectively with team members to deliver results

Skills

Machine learning

Statistics

Python

C++

Fast problem solving

Education

BS/MS/PhD in Engineering/CS/Math/Physics

Job description

About Akuna:

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions, and automation. We specialize in providing liquidity as an options market maker – meaning we are committed to providing competitive quotes that we are willing to both buy and sell. To do this successfully, we design and implement our own low latency technologies, trading strategies, and mathematical models.

Our Founding Partners first conceptualized Akuna in their hometown of Sydney. They opened the firm’s first office in 2011 in the heart of the derivatives industry and the options capital of the world – Chicago. Today, Akuna is proud to operate from additional offices in Sydney, Shanghai, London, and Singapore.

What you’ll do as a Quantitative Researcher at Akuna:

Akuna’s Trading and Research teams are seeking Quant Researchers to join a multidisciplinary group of mathematicians, statisticians, technologists and traders. These teams drive the development of trading strategies and predictive models by combining quantitative rigor with deep expertise in financial markets. In this role, you will join one of our Quant teams based on your experience and interests, including Low Latency/MMS, Quant Strategy Research, Volatility & Pricing, Delta One and Quant Development.

We are looking for talented researchers who can apply and develop machine learning algorithms to contribute to Akuna’s strategy portfolio. In this role, you will:

• Develop trading strategies using statistical and machine learning algorithms
• Drive improvements in predictive models through rigorous signal and feature research
• Design and optimize machine learning workflows to support scalable, efficient, and reproducible research
• Bring a results-driven mindset paired with strong collaboration and communication skills.

Qualities that make great candidates:

• 3+ years of strong professional work experience in statistics, machine learning or related area
• BS/MS/PhD degree in a technical field – Engineering, Computer Science, Math, Physics, or similar
• Proven research background in academic or professional environment
• Programming experience in Python or C++
• Expertise in statistics and machine learning
• Financial experience or knowledge of trading is a plus
• The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role

In addition to technical skillsets, Akuna values the unique perspectives people can bring to the table to collaboratively solve complex problems and drive Akuna forward. We want all groups to feel empowered to apply, even if you don’t meet every qualification. We welcome your application and encourage you to take the first steps toward your future with us!

Please note that level/title, as well as team placement, will be determined upon the conclusion of the interview process. If you are a current student or recent graduate, please take a look at our Entry Level and Intern positions.

In accordance with Illinois Equal Pay Act, the minimum base salary starts at $145,000. Exact compensation offered may vary based on many factors including, but not limited to, the candidate’s experience, qualifications, and skill set. This role is also eligible for a discretionary performance bonus as part of the total compensation package and includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits. The minimum base salary herein was determined in good faith by Akuna Capital LLC.