Updating Results

Akuna Capital

4.4
  • 100 - 500 employees

Quantitative Research - Summer Internship (Nov 2024)

Location details

On-site

  • Australia

    Australia

    • New South Wales

      Sydney

Location

Sydney

Opportunity expired

Opportunity details

  • Opportunity typeInternship, Clerkship or Placement
  • SalaryAUD 140000 / Year
  • Additional benefitspro-rated for the internship period
  • Number of vacancies5-10 vacancies
  • Application open dateApply by 30 Jun 2024
  • Start dateStart date 26 Nov 2024

QUANTITATIVE RESEARCH INTERNSHIP, SUMMER 2024-25

Our Quantitative Team are a mixture of mathematicians, statisticians and technologists that find solutions to problems. We work closely with both traders and developers to create trading models and strategies scientifically by combining our quantitative expertise with an understanding of derivatives and financial markets. We are seeking interns to join the team to apply their quantitative skills to exciting problems. You don't need a background in finance or trading, instead, we look for maths and coding skills.

This internship will include a mixture of Akunacademy training sessions, project work, and mentoring opportunities. If this sounds interesting to you, apply now! We are looking for people who have innovative ideas, think analytically, and have an entrepreneurial mindset and want to make an immediate impact in our growing company and contribute to Akunaโ€™s strategy portfolio.

What youโ€™ll do:

  • Leverage mathematical expertise from a variety of domains, including Probability & Statistics, Linear Algebra, Stochastic Calculus, Machine Learning, Optimization, and Control Theory to solve challenging problems in the trading domain

  • Use large data sets to train, test, and validate models, strategies and algorithms

  • Collaborate directly with traders and developers to take your ideas from concept to production

  • Develop a clear understanding of the mathematics of derivatives and financial markets,

Internship Dates: 10 weeks from November 2024- February 2025 

What youโ€™ll bring:

  • Australian or NZ citizens or Australian Permanent residents only

  • University Degree graduating between August 2025 and January 2026

  • Bachelor, Honours, Master or PhDs in Statistics, Mathematics, Physics, Computer Science, Engineering, or related degrees

  • Distinction Average & proven strong academics

  • Awards, prizes, medals, competitions, & scholarships

  • Experience in research within an academic or professional environment

  • Achievements outside of studies through your hobbies & interests

  • An understanding of statistics and machine learning

  • Basic programming skills in Python or C++

  • Strong maths skills: able to apply concepts of probability, calculus and linear algebra

  • Strong verbal and written communication skills

  • Ability to run a project in a fast-paced, team environment

  • Financial experience or studies are NOT a requirement

What youโ€™ll get:

  • This is a paid internship with flights & accommodation for those relocating to Sydney

  • 9-week structured learning program built upon our flagship Options 101 Course by our dedicated Trader Training Manager

  • An opportunity to secure a full-time role with Akuna once you graduate.

  • Buddy program to help you transition into Akuna, your role and your team, as well as build connections and support network

  • Flights & accommodation if you are relocating to Sydney for the opportunity.

  • Catch up with your colleagues over coffee made by our in-house barista & grab a bite to eat in our fully stocked kitchen

  • Weekly social events, team competitions & Akuna clubs

  • 180-degree views of Darling Harbour in our collaborative, open-plan office space in Barangaroo

Work rights

The opportunity is available to applicants in any of the following categories.

Work light flag
Australia
Australian Citizen โ€ข Australian Permanent Resident
Work light flag
New Zealand
New Zealand Citizen

Qualifications & other requirements

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

Degree or Certificate
Qualification level
Qualification level
Bachelor or higher
Study field
Study field (any)

Hiring criteria

  • Experience requirementNo experience required
  • Working rights
    Australian Citizen
  • Study fields
    Engineering & Mathematics
  • Degree typesBachelor or higher
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Reviews

user
Graduate
Sydney, Australia
โ€ข
4 years ago

It is a mix of keeping old systems alive and trying to build new systems on infrastructure.

user
Intern
Perth
โ€ข
4 years ago

Working on the Vals/Quant team, my role involves both bridging the gap between our quant research work and our prop systems as well as building mechanisms to improve our research capability.

user
Midlevel
Sydney
โ€ข
4 years ago

As a trader, I'm responsible for overseeing our automated trading systems. This includes making sure it's behaving the way we'd expect, working with Devs on bugs to fix, or testing new features to implement. I also conduct research on potential new opportunities, and build tools to help us capitalize on those opportunities. It's exciting to know that my actions daily have a clear and noticeable impact on the bottom line.

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About the employer

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Akuna Capital

Rating

4.4

Number of employees

100 - 500 employees

Industries

Trading

Akuna Capital is an innovative trading firm with a strong focus on collaboration, cutting-edge technology, data driven solutions and automation.

Pros and cons of working at Akuna Capital

Pros

  • There's a really diverse range of backgrounds, so there's always an opportunity to have interesting conversations. The work itself is challenging and fun.

  • The people. Everyone is highly motivated and super intelligent.

  • I've been given the freedom to work on projects I find particularly interesting. As Iโ€™ve improved, Iโ€™ve been given more responsibility and trust, and itโ€™s rewarding to know that I contribute significantly to the company.

  • Working with some of the smartest and most driven people. Unique insight into an opaque industry. Very intellectual culture. Decent Work-Life-Balance for "high finance"

  • Collaborative environment, interesting work, flat work hierarchy, meritocracy, well compensated

Cons

    • Weird/late hours sometimes.

    • Steep learning curve, intense work and high expectations can be challenging.

    • Intense atmosphere sometimes causes stress

    • A bit of a steep learning curve because you need to learn so much so quickly