DraftKings

Senior Lead Trading Strategist

DraftKings$184K — $230K *
US-AnywhereRemote in United States
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7+ years of experience in machine learning, quantitative modeling, or algorithmic strategy development.
  • Experience with automated trading systems or prediction markets, including sports betting or crypto.
  • Proficiency in Python (NumPy, Pandas, PyTorch) and familiarity with C++, C#, Java, or Rust.
  • Deep knowledge of market making, market microstructure, and liquidity modeling.
  • Strong foundation in statistical and probabilistic modeling, including time-series and signal analysis.
  • Excellent leadership and communication skills for cross-functional collaboration.

Responsibilities

  • Lead the design and implementation of market-making and trading strategies informed by market behavior.
  • Translate quantitative research into scalable, production-grade trading systems in collaboration with Engineers and Data Scientists.
  • Architect backtesting frameworks to model execution and liquidity dynamics accurately.
  • Oversee real-time decision engines for market pricing and inventory optimization.
  • Set technical direction for scalable and reliable trading systems in production.
  • Contribute to monitoring and observability standards for live systems to enable rapid issue resolution.
  • Communicate strategy vision and system impact to both technical and non-technical stakeholders.

Benefits

  • Opportunity to influence and shape trading strategies for a publicly traded technology company.
  • Support through the gaming license acquisition process if applicable.
  • Work in a dynamic environment focused on innovation in market-making and trading.
  • Access to equity and bonus opportunities in addition to base salary.
Full Job Description
As a Senior Lead Trading Strategist, you'll define and evolve the systems that power real-time market-making and automated trading at scale. You'll operate at the intersection of quantitative research and production engineering, translating complex market behavior into high-performance trading strategies. Working across teams, you'll lead the design and development of low-latency systems that price markets, manage risk, and react to high-frequency events. Your work will shape how markets behave, driving innovation and unlocking new opportunities through data-driven strategy and technical leadership.

What you'll do as a Senior Lead Trading Strategist
  • Lead the design, implementation, and continuous refinement of market-making and trading strategies informed by market microstructure, participant behavior, and risk constraints.
  • Translate quantitative research and hypotheses into scalable, production-grade trading systems in close partnership with Engineers, Data Scientists, and fellow Strategists.
  • Architect and evolve backtesting frameworks that accurately model execution, liquidity dynamics, and behavioral responses.
  • Develop and oversee real-time decision engines that price markets, optimize inventory, and react to high-frequency event streams.
  • Set technical direction for trading systems, ensuring scalability, performance, and reliability in production environments.
  • Contribute on monitoring, alerting, and observability standards for live systems, enabling rapid diagnosis and resolution of anomalies.
  • Communicate strategy vision, system behavior, and business impact clearly to technical and non-technical stakeholders, influencing decision-making across teams.
What you'll bring
  • At least 7 years of experience in machine learning, quantitative modeling, or algorithmic strategy development.
  • Experience working with automated trading systems, prediction markets, sports betting, or crypto and decentralized finance environments.
  • Strong proficiency in Python (including NumPy, Pandas, and PyTorch) and experience with C++, C#, Java, or Rust for performance-critical systems.
  • Deep expertise in market making, market microstructure, liquidity modeling, and risk-aware optimization.
  • Strong foundation in statistical and probabilistic modeling, including time-series analysis and signal evaluation.
  • Strong leadership and communication skills, with a demonstrated ability to lead complex technical initiatives and influence cross-functional teams.


Join Our Team

We're a publicly traded (NASDAQ: DKNG) technology company headquartered in Boston. As a regulated gaming company, you may be required to obtain a gaming license issued by the appropriate state agency as a condition of employment. Don't worry, we'll guide you through the process if this is relevant to your role.

The US base salary range for this full-time position is 184,000.00 USD - 230,000.00 USD, plus bonus, equity, and benefits as applicable. Our ranges are determined by role, level, and location. The compensation information displayed on each job posting reflects the range for new hire pay rates for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training. Your recruiter can share more about the specific pay range and how that was determined during the hiring process.

About DraftKings

DraftKings is an American daily fantasy sports contest and sports betting operator. The company allows users to enter daily and weekly fantasy sports–related contests and win money based on individual player performances in five major American sports, Premier League and UEFA Champions League soccer, NASCAR auto racing, Canadian Football League, the XFL, mixed martial arts and Tennis. In August 2018, DraftKings launched DraftKings Sportsbook in New Jersey becoming the first legal mobile sports betting operator in the state. Since launching in New Jersey, DraftKings has opened mobile sports betting operations in Indiana, Pennsylvania, West Virginia and opened in New Hampshire December 30, 2019 after reaching contract with the New Hampshire Lottery. Retail sports betting is available in Iowa, Mississippi and New York. DraftKings Sportsbook mobile and retail sports betting products allow bettors in each state engage in betting for most major U.S. and international sports. As of April 2016, the majority of U.S. states consider fantasy sports a game of skill and not gambling. In November 2016, FanDuel and DraftKings, the two largest companies in the daily fantasy sports industry, reached an agreement to merge. However the merger was terminated in July 2017 due to it being blocked by the Federal Trade Commission as the combined company would have controlled a 90 percent of the market for daily fantasy sports. As of July 2017, DraftKings had eight million users.
Learn more about DraftKings
Size
3,400 employees
Market Cap
$4.9 billion
Industry
Net Income
-$577.9 million
Revenue
$292.3 million
NASDAQ

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