Quant Developer

Frec Markets, Inc

• $130K — $160K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Advanced degree in a quantitative field (Engineering, Computer Science, Applied Mathematics, Physics)
  • Strong analytical mindset with curiosity in investment management
  • Experience in investment/finance, particularly Cash Equities is a plus
  • Exceptional problem-solving skills and attention to detail
  • Strong programming background in an object-oriented language
  • Self-starter with ownership and accountability, capable of working independently and collaboratively

Responsibilities

  • Design and implement core algorithms for long only and long-short direct indexing engines
  • Optimize automated trading execution, portfolio management, and performance reporting systems
  • Process large financial datasets and build reliable data pipelines
  • Ensure stability and performance by continuously optimizing algorithms
  • Collaborate with cross-functional teams to develop systematic trading systems

Benefits

  • Fully paid health, vision, and dental insurance
  • 401(k) plan
  • Monthly wellness allowance for fitness and mental health
  • Unlimited flexible paid time off
  • Visa sponsorship and immigration support
  • Daily in-office lunches and dinners
  • Office locations in San Francisco and New York, accessible via public transit
Full Job Description
What you will do:

Quantitative Engineering & Algorithm Development: You will live at the intersection of mathematics, finance, and software engineering. You will own the design, implementation, and optimization of the core algorithms driving our long only and long-short direct indexing engines. You take pride in translating complex investment models into highly accurate, performant, scalable, and stable production code.

Trading Infrastructure & Optimization: You will help shape our automated trading execution, portfolio optimization, and performance reporting systems. You care deeply about performance and stability, continuously optimizing algorithms to reduce latency and transaction costs, ensuring every line of code contributes to a trading platform that's resilient in the face of market volatility and straightforward to operate.

Data Pipelines & Financial Modeling: You'll tackle complex challenges around ingesting and processing massive financial datasets, including market data, execution data, tax lots, corporate actions, and risk models. This includes building mechanisms for reliable financial data handling, ensuring our models evaluate accurately under dynamic market conditions.

Collaboration: You'll partner closely with quantitative researchers, backend engineers, as well as product, design, and operations teams, to ensure we build systematic trading systems that are mathematically accurate, technically strong, operationally sound, and seamlessly integrate into high-quality product experiences.

What we offer:
  • Competitive salary and equity grants
  • Fully paid health, vision and dental insurances
  • 401k
  • Monthly allowance to help with maintaining a healthy body and mind (fitness & mental health components)
  • Flexible (Unlimited) paid time off
  • Visa sponsorship & immigration support
  • Daily in-office lunch and dinner
  • Office in San Francisco/New York for in-person collaboration (close to public transit options)
Requirements:
  • Advanced degree in a quantitative field such as Engineering, Computer Science, Applied Mathematics, Physics.
  • Strong analytical mindset with intellectual curiosity in investment management
  • Investment/finance knowledge (experience with Cash Equities is a plus)
  • Strong problem solving skills and attention to details, and ability to explain the ideas that underlie them
  • Strong programming background in an object oriented language.
  • A self-starter who embraces ownership and accountability, should have the ability to work independently as well as thrive in a team environment
Tech stack:
  • TypeScript/Node, Python as the main components of the backend
  • PostgreSQL as our data store, with Redis for caching and distributed coordination
  • Distributed worker systems powering asynchronous and high-throughput tasks
  • Deployed on AWS using containerized infrastructure
  • GraphQL as the mode of building and exposing APIs
Contact:

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