Algorithm Engineer Jobs in Manhattan, NY (NOW HIRING)

THE POSITION
Our roster has an opening with your name on it

FanDuel is seeking an Algorithmic Trading Manager to assist in the build of our algorithmic trading team that will leverage our world-class sports pricing algorithms . Reporting to the Market Making Senior Director of Quants & Algorithmic Trading, this leader will be instrumental in building a team to operate and evolve sophisticated automated trading systems that optimize our ongoing positions within the market. This role will work at the intersection of sports betting, quantitative modeling, and real-time trading to ensure we optimize for expected revenue and capital allocation. 

This role will be involved with the development and performance of our algorithmic market-making trading strategies, collaborating closely with quants, product and engineering, and commercial teams. The work will directly impact millions of dollars in daily trading volume and ensuring that we are consistently staying within the bounds of our overall Risk parameters.

In addition to the specific responsibilities outlined above, employees may be required to perform other such duties as assigned by the Company. This ensures operational flexibility and allows the Company to meet evolving business needs.

THE GAME PLAN
Everyone on our team has a part to play

Core Trading Responsibilities

• Design and deploy automated market-making algorithms for sports betting markets, optimizing for expected revenue, capital efficiency, and risk management
• Manage day-to-day operations and execution of the algorithmic trading team that ensures 24/7 coverage and optimization
• Build and maintain statistical forecasting models for sports outcomes, incorporating real-time data feeds, line movements, and market signals
• Manage order flow and position risk across thousands of simultaneous markets, including combo markets ensuring +EV positions while maintaining appropriate risk exposure
• Aggregate and synthesize pricing data from multiple sources including APIs, web scraping, and third-party providers to inform trading decisions
• Collaborate with engineering teams to improve trading infrastructure, UIs, reduce latency, and enhance system reliability
• Monitor and optimize P&L and trading performance, building and communicating trading strategies prior to significant events and conducting post-mortems following the events.
• Develop and define risk optimization strategies to optimize capital utilization

THE STATS
What we're looking for in our next teammate

Trading & Markets Experience

• 5+ years of quantitative or algorithmic trading experience, preferably in sports betting, prediction markets, derivatives, or market-making
• Demonstrated track record of positive P&L through systematic trading strategies
• Deep understanding of market microstructure, liquidity provision, and order book dynamics
• Experience with automated trading systems, including liquidity provision and position management
• Familiarity with trading APIs and programmatic order execution

• Strong programming ability in Python, C++, Java, Golang, or similar languages for production trading systems
• Experience building statistical models and applying machine learning techniques to forecasting problems
• Proficiency with data collection via APIs or web scraping
• Comfortable working with large datasets and performing rapid quantitative analysis
• Understanding of low-latency systems and performance optimization (preferred)

Domain Knowledge

• Deep knowledge of sports betting markets and experience trading on traditional bookmakers
• Understanding of sports statistics, handicapping, and predictive modeling for sports outcomes
• Familiarity with different bet types (spreads, totals, moneylines, props, parlays, etc.)
• Experience with poker, DFS, fantasy sports, or other skill-based competitive games involving game theory is a plus

Key Attributes

• Bias toward action - you move quickly while maintaining attention to critical details
• Data-driven decision maker - you leverage analytics to drive strategy and measure success
• Collaborative - you work effectively across trading, engineering, and risk teams
• Resilient under pressure - you perform well in fast-paced, high-stakes environments
• Intellectually curious - you continuously seek to understand market dynamics and improve performance
• Ownership mindset - you take full responsibility for your strategies' performance and outcomes

Team Management

• An energizing and emphatic leader that is passionate and effective at building and developing high performing teams.
• Expansive & strategic thinker with a strong track record of innovation & delivering growth.
• Proven ability to work effectively across functions and teams, fostering alignment and driving results in a collaborative environment.

ABOUT FANDUEL

FanDuel Group is the premier mobile gaming company in the United States and Canada. FanDuel Group consists of a portfolio of leading brands across mobile wagering including: America's #1 Sportsbook, FanDuel Sportsbook; its leading iGaming platform, FanDuel Casino; the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing; and its daily fantasy sports product.  

In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states, Canada, and Puerto Rico.

The company is based in New York with US offices in Los Angeles, Atlanta, and Jersey City, as well as global offices in Canada and Scotland. The company's affiliates have offices worldwide, including in Ireland, Portugal, Romania, and Australia.

FanDuel Group is a subsidiary of Flutter Entertainment, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).

PLAYER BENEFITS
We treat our team right

We offer amazing benefits above and beyond the basics. We have an array of health plans to choose from (some as low as $0 per paycheck) that include programs for fertility and family planning, mental health support, and fitness benefits. We offer generous paid time off (PTO & sick leave), annual bonus and long-term incentive opportunities (based on performance), 401k with up to a 5% match, commuter benefits, pet insurance, and more - check out all our benefits here: FanDuel Total Rewards. *Benefits differ across location, role, and level.

FanDuel is an equal opportunities employer and we believe, as one of our principles states, "We are One Team!". As such, we are committed to equal employment opportunity regardless of race, color, ethnicity, ancestry, religion, creed, sex, national origin, sexual orientation, age, citizenship status, marital status, disability, gender identity, gender expression, veteran status, or any other characteristic protected by state, local or federal law. We believe FanDuel is strongest and best able to compete if all employees feel valued, respected, and included.

FanDuel is committed to providing reasonable accommodations for qualified individuals with disabilities. If you have a disability and need a workplace accommodation or adjustment during the application and hiring process, including support for the interview or onboarding process, please email Benefits@fanduel.com.

The applicable salary range for this position is $156,000 - $204,750 USD, which is dependent on a variety of factors including relevant experience, location, business needs and market demand. This role may offer the following benefits: medical, vision, and dental insurance; life insurance; disability insurance; a 401(k) matching program; among other employee benefits. This role may also be eligible for short-term or long-term incentive compensation, including, but not limited to, cash bonuses and stock program participation. This role includes paid personal time off and 14 paid company holidays. FanDuel offers paid sick time in accordance with all applicable state and federal laws.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

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