Remote Lead Algorithmic Trader

Placements24; Cape Town; Hybrid; ZAR 900,000 - 1,800,000; Full time

Job summary

Placements24 is seeking a Lead Algorithmic Trader for a fully remote role with a Cape Town hub. You will design and deploy high-frequency trading algorithms and optimize execution in a fast-paced, globally distributed environment.

The ideal candidate has MSc or PhD in a quantitative field, 5+ years of algo trading experience, and expert programming in C++, Python or Java. ML experience in trading is a strong plus.

Qualifications

• Advanced degree in a quantitative field.
• 5+ years of algorithmic or quantitative trading experience.
• Expert programming in C++, Python, or Java.
• Deep understanding of financial markets, order book dynamics.
• Experience applying ML to trading is desirable.
• Strong analytical and statistical modelling skills.
• Ability to work independently in a remote setting.

Responsibilities

• Design and test quantitative trading algorithms across asset classes.
• Develop and refine execution strategies to minimize market impact and improve fills.
• Research market microstructure and identify new opportunities.
• Monitor real-time trading systems for stability and performance.
• Analyze trading performance and implement improvements.
• Collaborate with technology teams to enhance trading infrastructure.
• Mentor junior traders and researchers.
• Stay updated with advancements in algorithmic trading and ML.

Skills

MSc/PhD in quantitative field

5+ years algo trading

C++/Python/Java

ML in trading

Statistical modelling

Education

MSc or PhD in quantitative field

Tools

C++

Python

Java

Job description

About the Role

Our client is seeking an exceptional Lead Algorithmic Trader to spearhead their advanced trading strategies. This is a fully remote position, offering the flexibility to work from anywhere while contributing to a world-class trading operation. You will be responsible for designing, developing, and deploying high-frequency trading algorithms, managing execution strategies, and continuously optimizing performance. This role demands a deep understanding of financial markets, statistical arbitrage, machine learning, and robust programming skills. You will play a critical role in driving profitability and innovation in a fast-paced, remote-first environment, based out of our operational hub in **Cape Town, Western Cape**.

Key Responsibilities

• Design, implement, and test quantitative trading algorithms across various asset classes.
• Develop and refine execution strategies to minimize market impact and optimize fills.
• Conduct extensive research into market microstructure and identify new trading opportunities.
• Monitor and manage real-time trading systems, ensuring stability and performance.
• Analyze trading performance, identify areas for improvement, and implement necessary adjustments.
• Collaborate with technology teams to enhance trading infrastructure and tools.
• Mentor and guide junior traders and quantitative researchers.
• Stay updated with the latest advancements in algorithmic trading and machine learning.

Requirements

• Advanced degree (MSc or PhD) in Computer Science, Engineering, Mathematics, Statistics, or a related quantitative field.
• Significant experience (5+ years) in algorithmic or quantitative trading, with a proven track record of success.
• Expert-level programming skills in languages such as C++, Python, or Java.
• Deep understanding of financial markets, trading protocols, and order book dynamics.
• Experience with machine learning techniques applied to trading is highly desirable.
• Strong analytical and statistical modelling capabilities.
• Ability to work independently and manage tasks effectively in a remote setting.
• Excellent communication skills, with the ability to articulate complex technical concepts.

Benefits

This is a fully remote position offering the ultimate flexibility. Our client provides a highly competitive compensation package, including a substantial salary, significant performance-based bonuses, and potential profit-sharing. Comprehensive health and wellness benefits are included, along with generous professional development budgets to support continuous learning and skill enhancement. You'll be part of an elite, globally distributed team, working on cutting-edge technology and having a direct impact on the firm's success from the comfort of your chosen location, connected to our **Cape Town** operations.