The OpportunityAs an Experienced Discretionary Macro Markets Trader, you will have a real opportunity to have a huge impact on the firm. You will work side by side with other successful and talented individuals to capitalize on market opportunities. This role is for someone who flourishes in a fast-paced environment, has a strong work ethic, a competitive attitude, and a proven record of profitability in a trading position for at least 3 years. This is a senior risk-taking role that will be a key idea generator for the desk.
This position will require a strong emphasis on in-person presence in our Chicago office, located in River North right next to the Merchandise Mart and convenient to public transportation.
What you'll do:- Manage your own trading book with a focus on trading liquid macro futures
- Manage your own risk of a portfolio of active strategies and drive trading decisions
- Analyze market trends, order flow, and technical patterns to identify trading opportunities
- Develop, test, and refine your trading strategies using historical data and real-time market conditions
- Continuously monitor market conditions, news, and macroeconomic events
- Monitor material changes in levels of risk and variance in PnL, especially focused around deviation from your plans, and proactively communicate those changes to leadership
What we'd like to see:- Experience trading liquid macro futures
- `These will commonly include equity indices and/or metals.
- Nice-to-have experience includes FX, crypto, options, and/or event-driven trading experience
- Proven track record independently managing a PnL, or being a senior member of the team, driving strategy in a larger environment
- Prior Proprietary Trading or Hedge Fund PM experience strongly preferred.
- Larger bank environment or similar experience may be considered if significant decision-making autonomy existed.
- Defined discretionary macro edge such as outcome distribution analysis, news and narrative interpretation, relative value frameworks, or portfolio construction discipline.
- Entrepreneurial mindset with competitive nature
- Excellent communication and interpersonal skills with the ability to work both autonomously and as a team player
- Quant skills and data literacy are a plus but not required. Fully automated or black-box strategies are not the focus of this seat. Openness to feedback and willingness to adapt your trading style with changes in market conditions
- 3 years or more of verified, risk-adjusted profitability
The approximate annual base compensation range for this position
in Chicago, IL is $72,000 to $150,000 + percent share of the profits you generate. The actual offer, reflecting the total compensation package plus benefits, will be determined by a number of factors which include but are not limited to the applicant's experience, knowledge, skills, and abilities; geographic location; and internal equity. In addition to your salary, our total rewards package includes health benefits, a 401(k) plan, PTO, parental leave, professional development, tuition reimbursement and discretionary bonus, enhancing your overall total rewards package.
Benefits & CultureGelber offers a wide range of benefits to full-time employees in order to meet you and your covered dependents needs. Our comprehensive benefits offering includes:
- Traditional and Roth 401(k) retirement program
- Comprehensive health benefits including medical coverage provided by Blue Cross and Blue Shield (PPO and HDHP/HSA) and dental coverage
- Tuition reimbursement for Graduate courses (taken after employment begins)
- Flexible Spending Accounts for health care and dependent care; pre-tax commuter benefits for parking and transit expenses
- Life insurance and long-term disability coverage
- Brand new office in the heart of Chicago's River North neighborhood, attached to the Merchandise Mart and "EL" stop and a short walk from both Ogilvie and Union Train Stations
- Health club membership with on-site facilities (and reciprocal memberships)
- Generous vacation time, paid holidays, and paid parental leave
- Catered lunch provided Tuesday, Wednesday, & Thursdays and stocked pantry daily and monthly continental breakfasts
- Social events including sponsored 5k races and annual company party
- Enjoyable collaborative and open work environment including a golf simulator and pool table
- Employee referral bonus program
- Charitable giving and company matching opportunities
- Casual, relaxed dress code
If you are based in California, we encourage you to read the Gelber Privacy Notice for California Employees and Applicants, linked here.
