Quantitative Trader (Options)

Old Mission

$150K — $200K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Undergraduate or advanced degree in a quantitative field (e.g., computer science, engineering, hard sciences).
  • 1-4 years of trading experience, particularly in algorithmic trading and options theory.
  • Proficiency in at least one programming language (Python, C++, Java, VBA, Matlab, Ruby).
  • Team-oriented problem solver, able to thrive under pressure.
  • Curiosity and a strong desire to understand market mechanics.
  • High ethical standards and proven trustworthiness.

Responsibilities

  • Implement systematic market-making strategies in CME options on futures.
  • Develop pricing models with the quantitative research team.
  • Build tools for pricing, risk management, and opportunity detection.
  • Manage a fixed income volatility product portfolio across various assets.
  • Analyze macroeconomic indicators and factors affecting interest rate volatility.
  • Set trading risk limits and adhere to risk management policies.
  • Ensure compliance with trading regulations and internal procedures.
  • Collaborate with traders, quants, and developers on various initiatives.
  • Utilize a sophisticated trading platform for executing trades effectively.

Benefits

  • Comprehensive medical, dental, vision, disability, and life insurance coverage.
  • Fully stocked kitchen offering free breakfast and lunch daily.
  • Tuition reimbursement program available for continued education.
  • 401(k) plan with employer matching contributions.
  • Generous paid vacation, sick leave, and parental leave.
  • Commuter benefits and flexible spending programs.
Full Job Description
Responsibilities
  • Implement and calibrate systematic market-making strategies that provide liquidity in CME options on futures.
  • Develop pricing models in collaboration with our quantitative research team.
  • Build desk tooling for pricing, risk management, and opportunity identification.
  • Manage a portfolio of fixed income volatility products across different assets with various holding times and liquidity profiles.
  • Analyze macroeconomic indicators, central bank policies, and other factors that influence interest rate volatility surfaces.
  • Manage trading risks by setting appropriate limits and adhering to our risk management policies.
  • Ensure all trading activities comply with regulatory requirements and internal policies.
  • Work closely with other traders, quants and developers.
  • Leverage a sophisticated trading platform to execute desired trades, sourcing available liquidity across multiple exchanges.

Required Skills
  • An undergraduate or an advanced degree in a quantitative field such as computer science, engineering, or one of the hard sciences.
  • 1-4 years of trading experience encompassing algorithmic trading and a strong knowledge of options theory.
  • Proficiency with at least one of the following languages: Python, C++, Java, VBA, Matlab, or Ruby.
  • The ability to work and solve problems as part of a team, often in a high-pressured environment.
  • A strong desire for knowledge and to understand how things work.
  • Proven trustworthiness and performance under the highest ethical standards.

Benefits and Perks
  • Fully paid Medical, Dental, Vision, Disability, and Life Insurance
  • Fully stocked kitchen; free breakfast and lunch every day on-site
  • Tuition Reimbursement Program
  • 401(k) with employer match
  • Paid Vacation, Sick, and Parental leaves
  • Commuter and Flexible Spending Programs

Base Salary Range

$150,000 - $200,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

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