Junior Trader

DV Trading LLC; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player in financial services is seeking a motivated individual to join their trading team. This role involves working closely with experienced traders, focusing on interest rate derivatives and developing trading models. The ideal candidate will thrive in a fast-paced environment, leveraging their strong analytical skills and proficiency in tools like Excel and Python. This is an exciting opportunity to deepen your understanding of market dynamics while contributing to a leading proprietary trading firm. If you are passionate about trading and eager to learn, this position offers a unique chance to grow your career in finance.

Qualifications

• Strong interest in trading and interest rate derivatives is essential.
• Proficient in Excel, VBA, and Python for statistical modeling.

Responsibilities

• Work alongside senior traders focusing on STIR options.
• Build and maintain trading models and conduct scenario analysis.

Skills

Trading

Interest Rate Derivatives

Mathematics

Probability

Statistics

Problem Solving

Multitasking

Tools

Excel

VBA

Python

Statistical Modeling

Job description

About Us:
Founded more than 15 years ago and headquartered in Chicago, the DV Group of financial services firms has grown to more than 450 people operating throughout North America and in Europe. Since spinning out of a large brokerage firm in 2016, DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital, trading strategies, and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now, DV group affiliates include two broker dealers, a cryptocurrency market making firm, and a bourgeoning investment adviser.

Responsibilities:

• Work alongside senior interest rate derivative traders with a specific focus on STIR options
• Learn about proprietary methodologies as well as grey-box market making strategies
• Build and maintain trading models
• Set a Vol surface that is fundamentally sound, appropriately rigid where trades represent capturable noise around the surface
• Use instantaneous flow/trade/market information to make decisions on reducing or adding specific portfolio risks as holdtimes change
• Regularly conduct scenario analysis for idiosyncratic risks and ahead of events
  • Build in-depth product knowledge across rates with particular focus on CB policy as well as current ECB liquidity implications for money market rates
  • Gain experience managing expiration risk, pin risk and handling zero-vol delta decay
• Liaise with brokers, maintaining existing relationships

Requirements:

• Strong work ethic and ability to learn quickly in a fast paced, high-pressure environment
• Detail oriented, organized and diligent
• Strong interest in trading and interest rate derivatives in particular
• Strong understanding of math, probability and statistics
• Proficient with Excel and VBA, Python and statistical modeling
• Advanced aptitude for problem solving and multitasking