JOB DESCRIPTION
DESCRIPTION:
Duties: Lead market making activities for a designated sector, independently pricing and managing a complex options portfolio. Take full ownership of risk management, using advanced quantitative techniques and back testing option strategies to enhance performance and mitigate exposure. Engage with clients, deliver tailored solutions, and commercial insights to support clients trading and hedging needs. Collaborate with Quantitative Research and Technology teams to drive innovation and develop new analytical tools. Implement risk management methodologies and adapt trading strategies to optimize results. Demonstrate a high level of autonomy in decision-making and continuously evaluate market conditions. Foster strong relationships within the trading team, providing expertise and support across sectors as needed.
QUALIFICATIONS:
Minimum education and experience required: Master's Degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field of study plus 3 years of experience in the job offered or as US Flow Trader, Vol Relative Value & Dispersion Trader, Associate Exotics Derivatives Trader, or related occupation. The employer will alternatively accept a Bachelor's Degree in Finance, Mathematics, Engineering, Computer Science, Economics, or related field of study plus 5 years of experience in the job offered or as US Flow Trader, Vol Relative Value & Dispersion Trader, Associate Exotics Derivatives Trader, or related occupation.
Skills Required: This position requires experience with the following: pricing and managing an options portfolio, including executing trades and providing liquidity in equity derivatives markets; performing quantitative risk analysis and managing risk exposures in an options trading environment including the use of mathematical and statistical techniques including Stochastic Calculus, Binomial Tree models, Monte Carlo Simulations, Black-Scholes Model, Principal Component Analysis and Regression Analysis to assess and mitigate portfolio risk; designing, implementing, and backtesting option trading strategies including Dispersion, Skew, Correlation, Term Structure, and Volatility Arbitrage using historical data to evaluate performance and risk characteristics; engaging directly with institutional clients to discuss trade structures, market views, and risk management solutions in a commercial context; applying exchange rules, market structure knowledge, and electronic trading systems to execute and manage trades in equity derivatives markets; utilizing programming languages including Python to develop tools for risk analysis, pricing, and portfolio management; applying mathematical concepts, including stochastic calculus, probability theory, and statistical modeling to the pricing and risk management of equity derivatives; analyzing and interpreting market data, volatility surfaces, and liquidity conditions to inform trading decisions.
Job Location: 270 Park Avenue, New York, NY 10017.
Full-Time. Salary: $285,000 - $285,000 per year.
