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Algorithm Developer Jobs in New York, NY (NOW HIRING)

Seven Research

Algorithmic Developer

New York, NY · On-site

$200K - $300K/yr

Your Role Our Algorithmic Developers are researchers and engineers who transform complex quantitative concepts into high-performance trading strategies and systems that are efficient, stable, and ...

Seven Research

Algorithmic Developer

New York, NY · On-site

$200K - $300K/yr

Your Role Our Algorithmic Developers are researchers and engineers who transform complex quantitative concepts into high-performance trading strategies and systems that are efficient, stable, and ...

Cantor Fitzgerald

Senior Algo Quant

Manhattan, NY · On-site

Cantor Fitzgerald is seeking a Lead Algorithmic Developer to join their high-performing team of software engineers and quantitative research specialists. The role involves leading the evolution of an ...

New

QCi

Senior Engineer, Quantum Algorithms

Hoboken, NJ · On-site

We are looking for a Software Engineer with deep expertise in Mathematical Optimization and quantum algorithm development. This role is critical in architecting the core software engine that drives ...

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How much do algorithm developer jobs pay per hour?

As of May 29, 2026, the average hourly pay for algorithm developer in New York, NY is $86.97, according to ZipRecruiter salary data. Most workers in this role earn between $74.04 and $98.56 per hour, depending on experience, location, and employer.

What Does an Algorithm Developer Do?

The job duties of an algorithm developer revolve around researching, writing, and performance testing algorithms. As an algorithm developer, your responsibilities include working to implement your algorithms and then to analyze and modify them as needed. Generally, algorithms use data from a system to generate actions, processes, or reports, so with each algorithm you build, you must first identify the goals and then work to achieve specific results. In this career, you may collaborate with a team to create theories and then perform research and tests until you have designed an efficient algorithm.

What are the key skills and qualifications needed to thrive as an Algorithm Developer, and why are they important?

To thrive as an Algorithm Developer, you need strong programming skills (often in languages like Python, C++, or Java), a solid grasp of data structures and algorithms, and typically a degree in computer science or a related field. Familiarity with version control systems (like Git), algorithm analysis tools, and sometimes knowledge of specialized libraries (e.g., NumPy, TensorFlow) is expected. Analytical thinking, problem-solving, and effective communication are vital soft skills for designing efficient solutions and collaborating with teams. These skills ensure the creation of robust, optimized algorithms that meet technical requirements and business goals.

What are some common challenges Algorithm Developers face when transitioning from academia to industry roles?

Algorithm Developers transitioning from academia to industry often encounter challenges such as adapting to faster-paced project timelines and prioritizing practical, scalable solutions over theoretical elegance. In industry, collaboration with cross-functional teams—like software engineers and product managers—is essential, requiring strong communication and teamwork skills. Additionally, there is a greater emphasis on writing production-quality, well-documented code and aligning algorithmic work with business objectives. Learning to balance innovation with deliverable deadlines is a key part of succeeding in these roles.

What do algorithm developers do?

Algorithm developers design, analyze, and implement algorithms to solve specific problems or improve system performance. They often work with programming languages like Python or C++, utilize data structures, and test their algorithms to ensure efficiency and accuracy in applications such as machine learning, data analysis, or software development.
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Algorithm Developer jobs near you
Infographic showing various Algorithm Developer job openings in New York, NY as of May 2026, with employment types broken down into 42% Full Time, 30% Part Time, and 28% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $180,898 per year, or $87 per hour.
Java Benchmark Algorithm Developer (Equities) - Vice President

Java Benchmark Algorithm Developer (Equities) - Vice President

Citigroup, Inc.

Jersey City, NJ • On-site

$142.32K - $213.48K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 26 days ago

Job description

Equities Technology at Citi is undertaking a bold, multi-year transformation to build a best-in-class global platform across execution, prime, clearing and cross-product margining. We are re-engineering our technology estate to achieve world-leading performance and resiliency, enabling new capabilities in advanced execution, global market connectivity, and modernised post-trade, clearing and margin processes. Our ambition is to deliver a seamlessly integrated, highly automated platform that drives outstanding client outcomes and accelerates growth across our global franchise. As part of the team, you'll collaborate closely with high-calibre engineers and deeply engaged business and product partners - working together to define and deliver the next generation of Equities technology at Citi.
We are looking for an experienced Java Developer to build and support the execution algorithms that service our Equities Electronic Trading product. This is a VP-level position responsible for the design, development, and implementation of benchmark algorithms (e.g., VWAP, TWAP) in coordination with the Citi Equities Electronic Trading Technology team. The overall objective of this role is to translate quantitative models into robust, high-performance, and production-ready trading applications.
Responsibilities:
  • Lead the development and delivery of Java-based benchmark execution algorithms on Citi's Equities Electronic trading platform.
  • Partner closely with quantitative researchers to understand, implement, and test algorithmic trading strategies.
  • Design, develop, and optimize high-performance, low-latency Java applications for algorithmic execution and signal processing.
  • Build and maintain systems that consume real-time market data and other analytics to inform algorithmic decisions.
  • Resolve high-impact technical challenges through in-depth evaluation of complex business processes, system performance, and industry standards.
  • Provide expertise in Java and advanced knowledge of application programming, ensuring design adheres to the overall architecture blueprint.
  • Utilize advanced knowledge of system flow and develop standards for coding, testing, debugging, and implementation of trading strategies.
  • Develop a comprehensive knowledge of how areas of business, such as architecture and infrastructure, integrate to accomplish business goals.
  • Serve as an advisor or coach to mid-level developers, allocating work as necessary.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding Citigroup, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Qualifications:
  • 5+ years of professional experience in software development with a strong focus on Java.
  • Proven experience designing and developing algorithmic trading strategies, particularly benchmark algorithms (VWAP, TWAP, etc.).
  • Deep understanding of object-oriented programming, data structures, and core Java in a performance-sensitive environment.
  • Strong knowledge of financial market protocols (e.g., FIX) and extensive experience handling order and market datasets.
  • Experience working closely with quantitative analysts and translating financial models into code.
  • Consistently demonstrates clear and concise written and verbal communication.
  • Preferred background in Markets Electronic Trading or Market Making domains.

Education:
  • Bachelor's degree/University degree or equivalent experience
  • Master's degree preferred

This job description provides a high-level review of the types of work performed. Other job-related duties may be assigned as required.
Job Family Group:
Technology
Job Family:
Applications Development
Time Type:
Full time
Primary Location:
Jersey City New Jersey United States
Primary Location Full Time Salary Range:
$142,320.00 - $213,480.00
In addition to salary, Citi's offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards. Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.
Most Relevant Skills
Please see the requirements listed above.
Other Relevant Skills
For complementary skills, please see above and/or contact the recruiter.
Anticipated Posting Close Date:
May 15, 2026
Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.
If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.
View Citi's EEO Policy Statement and the Know Your Rights poster.

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