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Optiver

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4.6
  • 1,000 - 50,000 employees

2021/2022 Quantitative Researcher Graduate

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Opportunity details

  • Opportunity typeGraduate Job or Program
  • Application open dateApply by 17 May 2021
  • $200K first year package (2022 start), plus an abundance of perks and benefits
  • Relocation assistance if based outside of NSW, including flights and accommodation
  • Start dates available for mid-2021 and Feb 2022

What you'll work on

Quantitative Researchers are responsible for the accuracy of our core pricing models and work closely with trading to statistically analyse and predict all facets of derivative pricing. You'll both work to create and improve pricing models and other quantitative elements of our automated trading systems as well as perform extensive analysis on our vast arrays of data to directly improve our trading strategies. Researchers and Software Engineers on this team work together closely with our Traders. They find solutions to problems, test those solutions with historical parameters and market data, and then drive changes to our trading system that will improve our ability to make successful trades.

What you'll learn

Thanks to our in-house built trading systems and pricing expertise, Optiver is on the forefront of quantitative trading. You will develop a deep understanding of the models and technology that allow us to continually provide prices for a substantial number of financial products across Asia. You'll spend your first 8 weeks in a highly interactive training program alongside Traders, Software Developers and Researchers, learning the ins and outs of quantitative trading.

From there you'll join our Research teams and begin to take on your own responsibilities. You'll learn how to utilise mathematical modelling to improve our understanding of the relationships between financial instruments.

Who you are

You are a creative, critical thinker; an inquisitive sceptic who, when told that something "just is", starts to take it apart and understand why. You're excited to test yourself in one of the most competitive areas of the financial markets. In addition, you:

  • Are pragmatic and results-oriented; our goal is to deliver solutions, not research papers.
  • Enjoy utilising math in your daily life to solve problems
  • Possess programming experience in any language (C, C++, Python, Basic, JAVA, etc.)
  • Can apply fundamental concepts of probability, calculus and linear algebra
  • Are capable of drilling into details and data with accuracy

Much of the technical skillset for this role can be learnt. What we truly value is your aptitude, growth mindset, drive for success and enjoyment of collaborative problem-solving.

Eligibility

  • You have a distinction average in a highly quantitative or technically focused degree – Maths, Statistics, Physics, Elec / Mechatronic / Software Engineering, Computer Science, Applied/Quantitative Finance or Econometrics
  • A final year/Honours/Masters/PhD student or a recent graduate (up to 4 years)
  • An Australian or New Zealand Citizen, Australian Permanent Resident or able to secure full working rights after graduating.

Who we are

Optiver. It's a combination of the Dutch words for 'trading' and 'options'. And that's what we do. We're a leader in Options trading (and other financial products) on the world's financial markets.

At Optiver, we do things a bit differently to most businesses. We operate without clients. We play by our own rules and maintain an informal culture to make sure it's fun. We skip the mindless meetings and get on with it. And we celebrate high performance, individual excellence and doing better every day. We take serious things very seriously – like chasing wins and embracing the challenges of the market. We collaborate to solve open-ended problems in the most competitive market there is. We're about fast feedback and speedy solutions. Since we take the risk, we reap the rewards. And that's just how we like it. We collaborate to innovate. We share knowledge, ideas and the glory when everything goes right.

More than 1000 Optiverians around the world work to improve the market. Optiver's a powerhouse of creative problem-solving and collaboration. It's an incredible team to be a part of. We like challenges. We love success. And we're proud of our culture, designed to give you plenty of opportunity and support to do amazing things.

What we offer

Optiver is a genuinely high performing environment. We support our people with a range of benefits, all designed to make life a little better. From free lunches to corporate social responsibility initiatives, generous leave policies and gym memberships, there are plenty of ways to get more out of life as an Optiverian. There are also plenty of ways to unwind, from our famous games room, social clubs and our many internal sports teams to weekly massages, meditation training and lots of other wellness perks. And with a culture that celebrates wins, you can bet that from our monthly social events, annual trip, Christmas party and more, you'll find time to meet your fellow Optiverians and enjoy a party or two.

Optiver also believes in getting better every day. Our internal learning and development programs are designed to help you get to the next level. With in-house experts, a structured learning program and plenty of opportunities to learn as you work, you're always developing new skills. Which helps when you're solving the most interesting problems in the world.

We recruit on a rolling basis so the sooner you apply, the sooner you could secure your Graduate role!

Optiver embraces diversity and strives to provide an inclusive professional experience. We encourage applicants from all backgrounds, and we are committed to a fair and respectful recruitment process. If you have any requirements for reasonable adjustments to enable you to fully demonstrate your abilities, please let us know how we can accommodate you.

If you have any questions regarding this opportunity, please contact us at careers@optiver.com.au.

Qualifications & other requirements

You should have or be completing the following to apply for this opportunity.

Degree or Certificate
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Study fields
    Business & Management
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Reviews

user
Graduate
Sydney
5 months ago

I am a trader. It is my responsibility to make decisions about which trades to make, how to parametrise our systems, and work with other traders and developers to improve our systems

user
Graduate
Sydney
2 years ago

Due to the emphasis on business acumen, employees know about the business impact of what they work on, and why it matters. As a software dev, I work on maintaining and developing software solutions to solve business/compliance problems.

user
Graduate
Sydney
2 years ago

Working with traders to improve the behaviour of auto traders. Very interesting and rewarding. Given a lot of project ownership.

Show all reviews

About the employer

Optiver Logo

Optiver

Rating

4.6

Number of employees

1,000 - 50,000 employees

Industries

Trading

Ready to accelerate your career? Discover Optiver, a global tech-driven trading firm.

Pros and cons of working at Optiver

Pros

  • The responsibility to work on impactful projects from early on.

  • The perks - company trip, daily meals, weekly massages.

  • Opportunities are there for people who want them -- you can very quickly take ownership of a problem or space.

  • Lots of smart people and interesting problems to solve.

  • People challenge each other to be best that they can be. There is no blame with errors and every opportunity to learn is taken.

Cons

    • You will constantly be working on different products, with tight timelines and high ownership.

    • The finance domain is quite complex, and onboarding/learning about new financial concepts... is challenging.

    • The expectations are high and constant.

    • Too many things that could be done.

    • Can be intense at times