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- Tasks: Join a dynamic team to design and optimise algorithmic trading strategies in intraday power markets.
- Company: Macquarie, a global financial services group with a collaborative culture.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Why this job: Make an impact in a cutting-edge trading environment while developing your skills.
- Qualifications: 3+ years in algorithmic trading, strong quantitative skills, and proficiency in Python or C++.
- Other info: Embrace diversity and inclusion in a supportive team atmosphere.
The predicted salary is between 36000 - 60000 £ per year.
The Intraday Trading team is a new desk in Macquarie, covering proprietary Intraday power trading across European markets and leading expansion into new territories. We are in the stages of gaining market access and building an internal framework to support dynamic, technology-driven systematic and discretionary trading. We are at an advanced stage developing proven strategies that will play a pivotal role in Macquarie’s global commodities business.
We foster a collaborative and entrepreneurial environment, leveraging fundamental, quantitative, and technical analysis to identify trading opportunities and deliver consistent results. Our focus is on generating strong risk-adjusted returns and expanding Macquarie’s capabilities in the systematic trading space.
You’ll be part of a friendly and supportive team where everyone contributes ideas and drives outcomes.
What role will you play?
As an Intraday Algorithmic Trader, you will join a growing trading team, identifying and capitalising on opportunities in the intraday power markets. You will design, implement, and optimise algorithmic trading strategies, continuously monitoring performance to improve profitability and manage risk. Working closely with fellow Algo, discretionary traders and developers, you will strengthen models, enhance execution, and apply data-driven techniques for backtesting and validation. You will stay ahead of market trends, regulatory developments, and emerging technologies, contributing insights that shape the firm’s broader trading strategy.
What you offer:
- Proven experience in algorithmic trading within intraday power markets (minimum 3+ years).
- Strong quantitative and programming skills, with proficiency in Python, C++, or other relevant languages.
- Deep understanding of European, Japanese, or US power markets, including pricing dynamics and intraday trading strategies.
- Demonstrated ability to develop, test, and deploy algorithmic trading strategies.
- Strong risk management capabilities and experience operating in a performance-driven trading environment.
- Proven track record of generating consistent profits through algorithmic trading.
- Ensure adherence to all relevant regulatory requirements.
- Strong entrepreneurial mindset with the ability to independently source, evaluate, and structure new trading opportunities.
- Demonstrated success in high-pressure environments and collaborative team settings.
- Fluent in English, with proficiency in additional languages considered an advantage.
We love hearing from anyone inspired to build a better future with us. If you’re excited about the role or working at Macquarie, we encourage you to apply.
About Commodities and Global Markets:
Commodities and Global Markets is a global business offering capital and financing, risk management, market access, physical execution, and logistics solutions to its diverse client base across Commodities, Financial Markets, and Asset Finance.
Our commitment to diversity, equity and inclusion:
We are committed to providing a working environment that embraces diversity, equity, and inclusion. We encourage people from all backgrounds to apply regardless of their identity. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process.
Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.
Intraday Algo Trader employer: Macquarie Bank Limited
Contact Detail:
Macquarie Bank Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Intraday Algo Trader
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Macquarie on LinkedIn. Ask them about their experiences and any tips they might have for landing a role on the Intraday Trading team. Personal connections can make a huge difference!
✨Tip Number 2
Show off your skills! Prepare a portfolio showcasing your algorithmic trading strategies and results. This will not only demonstrate your expertise but also give you something tangible to discuss during interviews.
✨Tip Number 3
Stay updated on market trends! Follow relevant news and developments in the power markets. Being knowledgeable about current events will help you stand out in interviews and show that you're genuinely interested in the field.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Macquarie team and contributing to our collaborative environment.
We think you need these skills to ace Intraday Algo Trader
Some tips for your application 🫡
Show Off Your Skills: Make sure to highlight your algorithmic trading experience and quantitative skills in your application. We want to see how you've successfully developed and deployed strategies in intraday power markets, so don’t hold back!
Tailor Your Application: Take a moment to customise your CV and cover letter for this role. Mention specific experiences that align with the job description, especially your knowledge of European power markets and risk management capabilities. It helps us see why you’re a great fit!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read through your achievements and skills. We appreciate straightforward communication!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Macquarie Bank Limited
✨Know Your Markets
Make sure you brush up on your knowledge of European power markets and their pricing dynamics. Being able to discuss recent trends or regulatory changes will show that you're not just familiar with the theory but also engaged with the current market landscape.
✨Showcase Your Skills
Prepare to demonstrate your programming skills, especially in Python or C++. You might be asked to solve a problem on the spot, so practice coding challenges related to algorithmic trading to showcase your proficiency and quick thinking.
✨Highlight Your Experience
Be ready to discuss specific examples from your past roles where you've developed and deployed successful algorithmic trading strategies. Use metrics to quantify your success, like profit generated or risk managed, to make your achievements stand out.
✨Emphasise Collaboration
Since the role involves working closely with other traders and developers, be prepared to talk about your experience in collaborative environments. Share examples of how you've contributed to team success and how you handle high-pressure situations while working with others.
