Options Trader (Metals, Alternatives, Senior)

ALT Fund; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading prop-trading firm in London is seeking an experienced Options Trader to design and implement strategies on commodities. Candidates must have 7+ years in trading, expertise in metals, and a strong quantitative background. The role offers a culture of innovation, flexibility, and substantial benefits including generous vacation and sick leave.

Benefits

Culture of Innovation

35 Days of Vacation

100% Paid Sick Leave

Top-Tier Equipment

Corporate Psychologist

Qualifications

• 7+ years in commodity trading, options trading, or structured products.
• Experience with precious/industrial metals and alternative commodities.
• Proven track record in developing non-standard hedging strategies.

Responsibilities

• Design and implement options strategies on commodities.
• Investigate pricing anomalies and volatility shifts.
• Build internal libraries for options portfolio modeling.
• Guide junior quant researchers.

Skills

Deep knowledge of option theory

Solid understanding of commodity pricing mechanics

Ability to construct and analyze option strategies

Hands-on experience with volatility modeling

Proficiency with tools such as Bloomberg/Reuters, Python

Strong skills in risk and Greeks management

Education

Master's degree or PhD in a quantitative field

Tools

Bloomberg

Reuters

Python

Job description

Overview

We are a prop-trading company that combines the agility of a startup with the resources of a high-performing fund. Our team is focused on developing cutting-edge strategies, and working with us means not just advancing technology, but also being part of a team where ideas are valued, professional growth is encouraged, and every member has the opportunity to unlock their full potential.

We are seeking an experienced Options Trader with a strong background in commodities, particularly metals and alternative assets.

Responsibilities

• Designing and implementing options strategies on commodities and alternative assets, including spreads, volatility structures, and bespoke hedging constructions
• Investigating pricing anomalies and volatility shifts, and developing unconventional exposures and actionable ideas via listed and OTC instruments
• Building internal libraries for Greeks analysis, options portfolio modeling, stress testing, and scenario analysis
• Guiding junior quant researchers and serving as a mentor on complex derivatives trading topics
• Monitoring global developments in metallurgy, commodity supply chains, and related macro factors — including demand/supply, regulatory changes, and more

Experience

• 7+ years in commodity trading, options trading, or structured products.
• Experience working with precious/industrial metals and alternative commodities (e.g. uranium, carbon credits).
• Proven track record in developing non-standard hedging strategies or alpha-generating structures.
• Close collaboration with risk and compliance teams to build non-vanilla exposures.

Skills & Education

• Deep knowledge of option theory: volatility surfaces, exotic options, stochastic volatility models.
• Solid understanding of commodity pricing mechanics, seasonality, storage dynamics, and term structure.
• Ability to construct and analyze option strategies such as butterflies, risk reversals, and term spreads.
• Hands-on experience with volatility modeling: SABR, Heston, local volatility models.
• Proficiency with tools such as Bloomberg/Reuters, Python, etc.
• Strong skills in risk and Greeks management, live PnL attribution, and scenario analysis.
• Master's degree or PhD in a quantitative field (Physics, Mathematics, Computer Science, or a related discipline).
• Language: Russian, English

Nice to have

• Experience with C++ or Rust.
• Knowledge of ML/DL/RL (Machine Learning, Deep Learning, Reinforcement Learning).
• Ability to communicate technical ideas clearly to both technical and non-technical stakeholders.

Benefits

• Culture of Innovation: An open, dynamic, and inclusive environment where your ideas matter
• Flexibility & Impact: Enjoy the freedom of a startup with the backing of a well-resourced fund
• High Impact: Work directly on projects that shape strategies and drive the fund's success
• 35 Days of Vacation - Plenty of time to rest and recharge
• 100% Paid Sick Leave - Recover without financial worries
• Top-Tier Equipment - Choose the tools that suit you best (within budget)
• Corporate Psychologist - Mental health support when you need it