Junior Trading Analyst - Volatility Trading

Eclipse Trading; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

Eclipse Trading in Hong Kong is seeking a sharp, data-driven quant analyst to work alongside traders and quants, turning market intuition into production-ready algorithms. You will codify research into scalable models and deploy them to enhance our volatility strategies on a global desk.

The ideal candidate has 1–3 years of hands-on experience on a high- to mid-frequency volatility desk, strong Python skills and a solid quantitative or engineering background. English proficiency is essential.

Qualifications

• 1–3 years of hands-on experience on a volatility trading desk (high to mid frequency).
• Experience with parametric volatility models: smile decomposition, spot–volatility correlation, and bias/arbitrage-free shapes.
• Experience working with traders on optimizing and backtesting options portfolios/strategies.
• Strong command of written and spoken English.
• A solid quantitative or engineering academic background.

Responsibilities

• Perform quantitative analysis on the market to improve existing trading strategies and develop new ones.
• Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions.
• Derive fair value and price sensitivity of financial instruments based on mathematical theory and statistical models.
• Design and deploy automation tools to improve trading.

Skills

Python

Data analysis

Volatility models

Quantitative analysis

English proficiency

Backtesting

Education

Quantitative or engineering degree

Job description

Eclipse Trading is a leading proprietary trading firm. Founded in 2007, we have over 120 employees across 4 office locations – Hong Kong (our HQ), Sydney, Shanghai and Chicago. Our trading expertise and strategies are deployed across several markets globally, focusing on various products including equity derivatives, delta one, ETFs, commodity derivatives, and cryptocurrency. Technology is inextricably linked to our trading strategies, creating an environment powered by intellectual curiosity, problem solving, and innovation.
We are looking for a sharp, data-driven individual who understands that the best trading models are born from the synthesis of rigorous research and live market intuition. This is not an ivory-tower role for pure number-crunching or detached theoretical modelling. Instead, you will work side-by-side with traders to codify their market intuition, convert abstract trading ideas into algorithms, and directly scale our competitive edge in production. This is an on-site role and this position is part of our global Quant and Integration team and will report to the Senior Trading Analyst of Quant and Integration.

Responsibilities and Duties

• Perform quantitative analysis on the market to improve existing trading strategies and develop new ones
• Work with traders and quants to identify technical trading problems, conduct detailed research and deliver mathematical solutions
• Derive fair value and price sensitivity of financial instruments based on mathematical theory and statistical models
• Design and deploy automation tools to improve trading

What you offer

• 1-3 years of hands‑on experience working on or with a high to mid frequency trading desk that specializes in volatility trading
• Experience working with parametric volatility models
  • Smile decomposition into meaningful parameters
  • Spot‑Volatility correlation modelling
  • Fitting optimal, bias and arbitrage free shapes
• Experience working with traders on optimizing and backtesting options portfolios/strategies.
  • Long/Short relative volatility
  • Dispersion/Partial dispersion
  • Modelling Vol Beta/Correlation between different underliers
  • Forecasting Realized Volatility and Skewness
  • Event Vol pricing (earnings, macro, takeovers etc.)
  • Term structure modelling
• Good command of spoken and written English
• Exceptional proficiency in Python and data analysis libraries
• A genuine curiosity about new, cutting-edge volatility research and a passion for turning theoretical research into profitable trading strategies
• A self-starter who can take an ambiguous trading problem, structure an empirical experiment, and deliver production-ready solutions independently
• A strong academic background in a quantitative or engineering discipline

What we offer

• The opportunity to work in a collaborative environment where your contributions directly impact the success of the desk
• A close-knit team that values innovation, creativity, and professional growth
• Exposure to cutting-edge trading strategies and technologies in the volatility space
• A flat management structure, where everyone's voice is valued
• Work life balance within a multi-cultural environment

Eclipse Trading is an equal opportunity employer and we believe that diversity and inclusion are essential pillars of our success as a company. We are dedicated to embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

All information provided will be treated in strict confidence and used solely for recruitment purposes.

Due to the high number of responses that we receive, we are only able to respond to successful applicants.