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2020 – 21 Quantitative Trading Internship

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  • Gain experience solving highly complex problems this summer
  • No prior finance knowledge required
  • $100K package pro-rata plus an abundance of perks and benefits
  • Flights and accommodation provided if based outside of NSW
  • 10-week internship, starting late Nov 2020

What you’ll work on

This is the perfect opportunity to gain exposure to a real-life trading floor. Expand your knowledge of the financial markets and apply your quantitative and technical skills to solve the multitude of challenging problems that enable trading success.

Over the 10 weeks, you’ll participate in a highly interactive derivative theory training course that covers extensive trading principles and concepts, delivered by our Head of Trader Education. Once you’ve got the basics covered, you’ll start trading in our simulated trading environment on a live copy of the financial markets (the same information used by our Traders!). To deepen your understanding of trading, you’ll get to work alongside other Trader and Software Engineer Interns to develop your own Trading algorithm. Finally, you’ll have an opportunity to work on a research project while being mentored by an experienced Quantitative Researcher.

What you’ll learn

We’re known for the quality and rigour of our Trader training. After the program, you’ll have a solid theoretical and practical understanding of life as a Quantitative Trader. You’ll be mentored by our Head of Trading Education who will support your growth and provide valuable feedback. You’ll also learn and apply Python programming skills, which are highly sought after in the market.

You’ll be a fully integrated Optiverian during your time with us. You’ll get the chance to meet our people and build relationships across the business at professional and social events like Friday night drinks, board game nights and more. If you’ve excelled over the summer and shown us your potential, you‘ll be invited to join us as a Graduate Trader!

Who you are

You’re a lateral thinker quick to apply your brand of maths to understand quantitative problems. Our traders tend to have an interest in a variety of activities that could be classed as quantitatively challenging, fast paced, competitive or analytically rigorous. We’re also strong believers in the power of collaborative problem solving. You may already be passionate about trading, or it may have only recently piqued your interest.

One of Optiver’s key strengths is our breadth of trading strategies. We recruit for a variety of skillsets, and through the training program, we’ll identify in which of the following areas you best fit.

1) Options Market Maker

You love puzzles, predictions and problem solving. You’re always hungry to learn. You’re driven to understand the why, and you’re also comfortable making decisions under uncertainty. You have a real passion for quantitative problems and a flair for numbers.

2) Delta 1 Trader

You have a love for statistical analysis and deriving insights from big data sets. You enjoy micro analysis and applying those insights to the bigger picture. You’re likely more comfortable with a slower pace of work, but still retain a competitive spirit and drive to succeed.

3) Wholesale Trader

Building rapport comes naturally to you. You enjoy developing strong relationships and you don’t take yourself too seriously. You have amazing communication skills and remain focused under pressure. You’re passionate about quantitative problems and have a flair for numbers. And you have an inherent drive to work in a fast paced, sometimes uncertain environment.

Eligibility

  • A penultimate year university student, graduating mid or end of 2021.
  • A distinction average student in Maths, Statistics, Engineering (all disciplines), Physics, Actuarial Studies, Computer Science, Applied/Quantitative Finance or Econometrics.
  • An Australian/New Zealand Citizen or Australian Permanent Resident.

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, taking risks and reaping the rewards ourselves. 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.

What we offer

Optiver is a truly high performing environment. We make life easy for you by taking care of the little things. Like lunch, which our in-house chefs prepare every day. And coffee, free from our barista. And fitness, with your free gym membership and access to group training sessions. There are massages every week, meditation training and lots of wellness perks. There are also plenty of ways to unwind, from our famous games room and social clubs to our many internal sports teams. 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.

If you’re looking for a future with thrills, reward and challenge, this is it. Take up the challenge and apply today!

Applications close on 24 August 2020. We recruit on a rolling basis so the sooner you apply, the sooner you could secure your Internship!

Optiver embraces diversity and encourages applications from people with a disability. Candidates will have the opportunity to request support or reasonable adjustments during the recruitment process in order to demonstrate their ability to meet the inherent requirements of the job.

If you have any questions regarding this opportunity, please contact us at [email protected]

Closing in 17 days
Closing in 17 days
  • Job type:Internships
  • Disciplines:

    Actuary, Banking and Finance, Computer Science,

    ...
  • Workrights:

    Australian Citizen, Australian Permanent Resident,

    ...
  • Locations:

    Sydney

  • Closing Date:24th Aug 2020, 1:59 pm

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