Updating Results

Akuna Capital

4.4
  • 100 - 500 employees

Trading Summer Internship (Dec 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 31 May 2024
  • Start dateStart date 10 Dec 2024

Looking to break into the world of prop trading? Start your career with us. 

Our Akunacademy Trading Internship Program will introduce you to the world of options market making, where you will learn how we use proprietary technology to trade thousands of options over short time horizons while managing various dimensions of risk. We want to expose you to a realistic view of what itโ€™s like to work in the FinTech industry so you can discover what youโ€™re truly passionate about and develop the essential skills & knowledge necessary to succeed as a Trader at Akuna.  

Are you an analytical thinker, math-savvy, have an entrepreneurial spirit and a go-getter attitude?

Then this could be the perfect internship for you next summer! We invest in our training and in our people. If youโ€™ve got the mind, and the attitude, we want to invest in you. If youโ€™re looking for an opportunity to start your career at an exciting firm, Akuna is the place for you!

Internship Dates: 8 weeks in December 2024 from our Sydney Office.

What youโ€™ll do:

  • Be exposed to the trading industry guided through Akunaโ€™s classroom-style lectures, assessments & quizzes, practical learning, and trader shadowing and see what itโ€™s like to succeed as a Trader at Akuna.
  • Develop the essential skills & knowledge in the following areas: market making, financial acumen, options Greeks, risk management, our systems and lots more.
  • Learn how to manage a derivatives position, hedge your risk, and get comfortable with option combinations through mock trading games guided by our experienced traders.
  • Develop your skills in Excel and python via the statistics-based project to solve real problems being faced by our trading teams.
  • Demonstrate a sound understanding of the above by applying options theory to live one-lots trading. Thatโ€™s right, we give you real cash to trade in the real market for Akuna
  • Build relationships with like-minded people through our mentor program, social events, team challenges and much more which will see you working hard and playing hard.

What youโ€™ll bring:

  • Australian or NZ citizen or Permanent Australian residence only
  • A penultimate student graduating between August 2025 and February 2026
  • An academic background in Mathematics, Statistics, Computer Science, Actuarial Science, Engineering, Economics, or related degrees with a distinction average (or equivalent)
  • Strong mental math, pattern recognition and probability skills
  • Work experience that enhanced your communication, problem-solving, analytical, and teamwork skills
  • No prior knowledge or coding requirements, just a desire to learn about financial markets and economics theories
  • Risk appetite & ability to work well under pressure in a fast-paced, team environment
  • Ability to commence in December 2024

What youโ€™ll get:

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