Quant Dealer – Commodities

r3 Consultant; New Delhi; On-site; INR 2,500,000 - 6,000,000; Full time

Benefits offered by this job

Base Salary + Incentive

Risk-adjusted performance bonus

Drawdown control bonus

Job summary

A commodities trading firm is seeking a Quant Dealer to join their proprietary trading desk located in New Delhi. The ideal candidate will focus on trading Gold, Silver, and Copper, and must have a strong background in derivatives trading as well as quantitative strategy development. Candidates should possess advanced knowledge in MCX commodities and demonstrate hands-on experience with trading platforms and analytics software. A competitive compensation structure is offered, including fixed and variable incentives.

Qualifications

• Strong market practitioner with 5+ years of verified relevant experience.
• Experience with algorithmic trading exposure is preferred.
• Proven and verifiable trading track record with clean compliance history.
• Strong practical derivatives trading expertise and risk management.

Responsibilities

• Active intraday monitoring of Gold, Silver, and Copper futures and options.
• Develop, test, and optimize multiple trading strategies.
• Monitor liquidity and order flow behavior.
• Spread management.
• Gamma scalping and volatility positioning.
• Strategy Development (Quant Modelling) including backtesting and risk simulations.
• Submit trading models to RMS for approval.
• Deploy approved strategies into live trading.

Skills

MCX Gold, Silver, and Copper derivatives

Practical understanding of options Greeks

Advanced Excel

Pivot Tables

Solver

Basic VBA

VBA (basic)

Spreadsheet modelling

Position sizing models

Risk & margin management

Education

B.Tech/B.E./M.Sc. in Mathematics, Statistics, or Physics

CA/CFA/FRM

5+ years of verified relevant experience

Tools

Greek Symphony

U-Trade

ODIN

OMS / RMS platforms

Job description

Job Title: Quant Dealer – Commodities (Prop Desk)

Location: Darya Ganj, New Delhi

Work Mode: On-site (Candidates must reside within reasonable commuting distance)

About The Desk

This is a proprietary trading desk focused exclusively on MCX commodities, specifically Gold, Silver, and Copper. The desk does not trade crude or agri commodities and does not follow hedging mandates. The role is purely for proprietary positioning.

Trading Window: 9:00 AM to 11:30 PM (MCX cycle)

Role Overview

The Quant Dealer – Commodities will have a hybrid responsibility across live trading execution and quantitative strategy development. The role requires strong practical derivatives trading expertise, disciplined risk management, and the ability to develop and deploy strategies within a governed prop desk environment.

Key Responsibilities

• Hot Path Trading (Execution Role)
• Active intraday monitoring of Gold, Silver, and Copper futures and options
• Rapid execution and order management
• Spread management
• Gamma scalping and volatility positioning
• Monitoring liquidity and order flow behavior
• Tracking slippage and execution cost
• Strategy Development (Quant Modelling)
• Develop, test, and optimize:
• Options spreads
• Calendar spreads
• Ratio spreads
• Straddles and Strangles
• Synthetic futures
• Inter-metal relative value strategies
• Perform Greeks analysis including Delta, Gamma, Vega, and Theta
• Build and backtest Excel and spreadsheet-based models
• Conduct volatility modelling and risk simulations
• Submit trading models to RMS for approval
• Deploy approved strategies into live trading
  
  

Required Qualifications

Education

• B.Tech / B.E. / M.Sc. in Mathematics, Statistics, or Physics
  
  

OR

• CA / CFA / FRM (preferred but not mandatory)
  
  

OR

• Strong market practitioner with 5+ years of verified relevant experience
  
  

Required Technical Skills

Candidates must have hands-on experience in:

• MCX Gold, Silver, and Copper derivatives
• Practical understanding of options Greeks
• Advanced Excel
• Pivot Tables
• Solver
• Scenario Analysis
• Basic VBA (preferred)
• Spreadsheet modelling
• Position sizing models
• Risk and margin management
  
  

Trading Platforms / Systems Exposure

Experience with any of the following is preferred:

• Greek Symphony
• U-Trade
• ODIN
• Similar OMS / RMS platforms
  
  

Algo trading exposure (API-based or automated execution) is preferred.

Experience Required

• 4 to 7 years of relevant derivatives trading experience
• Proven and verifiable trading track record
• P&L history must be verifiable
• Past employer reference is mandatory
• Clean compliance history
  
  

Desired Traits

• Strong analytical and high-IQ mindset
• Fast and disciplined decision-making ability
• Emotional stability during volatility and drawdowns
• Strong adherence to Risk & Policy
• No impulsive trading behavior
• Strong documentation habit
• Daily trade log maintenance discipline
  
  

Health & Work Stamina

• Physically fit and mentally resilient
• Able to sustain long market hours (up to 14 hours)
• High alertness during evening US overlap sessions, especially for Gold and Silver volatility
  
  

Work Culture Expectations

• Punctual and regular attendance
• No casual absenteeism
• Available during high-volatility sessions
• Respect for hierarchy and approval-based deployment process
• RMS approval mandatory before live deployment of any strategy
  
  

Compensation Structure

• Base Salary + Incentive
  
  

Illustrative structure:

• Fixed: ₹X LPA
• Variable: Percentage of net profits after cost
• Tiered incentive slabs
• Drawdown control bonus
• Risk-adjusted performance bonus
• Clawback provision (recommended)
  
  

Risk & Governance Framework

The role will operate under strict prop desk controls, including:

• Pre-defined maximum daily loss
• Position limits
• Margin utilisation cap
• No overnight exposure without approval
• Strategy deployment approval process
• Weekly P&L review
• Complete trade audit trail
  
  

Additional Compliance & Desk Conditions

• Non-compete clause (minimum 1 year)
• Confidentiality agreement
• IP ownership of strategies by employer
• No personal trading account allowed
• No outside advisory or tip-giving
• Digital security compliance mandatory
• Acceptance of surveillance monitoring
• Availability during holiday trading sessions if required due to US volatility
• Backup dealer cross-training
• Emergency volatility protocol