Jefferies Financial Group

Analyst/Associate - Equity Derivatives Quant/Trader

Jefferies Financial Group$100K — $150K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative field (Mathematics, Statistics, etc.) required.
  • Proficiency with Python and SQL for efficient coding solutions.
  • Strong understanding of probability, statistics, and stochastic processes.
  • Expertise in options pricing models and volatility dynamics essential.
  • Experience with quantitative research and backtesting frameworks desired.
  • Familiarity with AI/ML tools for workflow automation is beneficial.
  • Proven problem-solving abilities and independence in a trading context.

Responsibilities

  • Develop and improve equity and index options pricing models.
  • Conduct quantitative research for systematic trading strategies.
  • Create and maintain tools for research and risk management in Python and SQL.
  • Execute backtests to validate trading signals and strategies.
  • Assist in analyzing market conditions and risk exposures for traders.
  • Utilize statistical and AI techniques to boost efficiency.
  • Craft proprietary analytics for portfolio and risk monitoring.

Benefits

  • Comprehensive medical, dental & vision coverage.
  • 401(k) plan to support retirement savings.
  • Life, accident, and disability insurance for employee security.
  • Paid time off for both planned and unplanned absences.
  • Wellness programs to promote employee health and well-being.
Full Job Description
Job Description

Analyst/Associate - Equity Derivatives Quant/Trader

Group Overview

The Equity Derivatives team focuses on developing and executing systematic and discretionary trading strategies across listed and OTC options. The group works closely with trading, technology, and risk functions to design models, build tools, and manage risk across global markets.

Position Summary

We are seeking a highly analytical and technically strong Analyst to join our Equity Derivatives Quant/Trading team. The ideal candidate will have a strong quantitative background, experience with systematic research, and a passion for markets. This individual will contribute to model development, options pricing analytics, backtesting, and the build-out of proprietary trading and risk infrastructure.

Key Responsibilities
  • Develop and enhance pricing models for equity and index options, including Greeks and volatility surface dynamics.
  • Conduct quantitative research to identify and test systematic trading opportunities across derivatives markets.
  • Build and maintain Python- and SQL-based tools for research, trading automation, and risk management.
  • Design and execute robust backtests to validate signals and strategies.
  • Assist traders in analyzing market conditions, trade structures, and risk exposures.
  • Leverage statistical concepts and machine learning/AI techniques to improve efficiency and decision-making.
  • Develop and maintain proprietary analytics to support portfolio and risk monitoring.
  • Collaborate with technology teams to ensure seamless integration of models and tools.
  • Operate in a fast-paced environment with a high degree of autonomy and accountability.

Qualifications
  • Bachelor's degree in Mathematics, Statistics, Computer Science, Engineering, or a related quantitative discipline.
  • Strong programming skills with Python and SQL; ability to write clean, efficient, and production-ready code.
  • Solid foundation in probability, statistics, and stochastic processes.
  • Deep understanding of options pricing models, Greeks, volatility modeling, and market microstructure.
  • Experience in quantitative research, systematic strategy development, and back testing frameworks.
  • Ability to leverage AI/ML tools to automate workflows or enhance research.
  • Strong problem-solving skills with the ability to work independently and proactively.
  • Ability to thrive in a fast-paced trading environment with high ownership and attention to detail.
  • Excellent communication skills and the ability to collaborate effectively across functions.

Preferred Skills (Nice to Have)
  • Experience with derivative risk systems or real-time trading tools.
  • Familiarity with C++, Java, or other compiled languages.
  • Exposure to equities, volatility products, or multi-asset derivatives.
  • Prior internship or full-time experience in a trading or quantitative research role.

Full Time Salary Range of $100,000 - $150,000

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About Jefferies Financial Group

Jefferies Financial Group Inc. is a diversified financial services company that operates in investment banking, capital markets, asset management, and direct investing. The company was founded in 1962 and is headquartered in New York City. Jefferies Financial Group has operations in over 30 countries and employs over 4,000 people. The company's businesses include Jefferies, a global investment bank; Leucadia Asset Management, an asset management firm; and Berkadia, a commercial real estate company. Jefferies Financial Group is publicly traded on the New York Stock Exchange under the ticker symbol JEF.
Learn more about Jefferies Financial Group
Size
4,400 employees
Market Cap
$8 billion
Industry
Net Income
$775.2 million
5 Year Trend
-9.8%
Revenue
$6.7 billion

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