Junior Trader (m|f|x)

E Fundresearch; London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a motivated individual to join their trading team. This role offers a unique opportunity to work closely with experienced interest rate derivative traders, focusing on STIR options and proprietary methodologies. You will gain hands-on experience in building trading models, managing risks, and analyzing market scenarios in a dynamic environment. If you have a strong interest in trading and a solid foundation in mathematics and statistics, this position could be the perfect fit for you, allowing you to thrive in a challenging yet rewarding atmosphere.

Qualifications

• Strong work ethic and ability to learn quickly in a fast-paced environment.
• Detail-oriented, organized, and diligent with a strong interest in trading.

Responsibilities

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

Skills

Mathematics

Probability

Statistics

Excel

VBA

Python

Statistical Modeling

Problem-Solving

Multitasking

Job description

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 burgeoning investment adviser.

Responsibilities:

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

Qualifications:

• 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, VBA, Python, and statistical modeling
• Advanced problem-solving and multitasking skills