Delta-One Quant Research Lead

Tradermath; Chicago (IL); On-site; USD 150,000 - 250,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401(k) with employer match

Disability Insurance

Life & AD&D

Health Savings Account

Flexible Spending Accounts

Discretionary annual bonus

Job summary

DRW, a Chicago-based diversified trading firm, invites a Senior Quantitative Researcher to lead delta-one research within the FICC options platform. You will translate research into production strategies, collaborating with traders and developers to integrate futures-based signals and robust hedging frameworks across global markets.

The role emphasizes deep quantitative expertise, a track record of producing research that enhances performance, and scalable models for derivatives trading.

Qualifications

• 2+ years of experience in quantitative research supporting systematic trading.
• Proven track record of developing signals or models deployed in production.
• Strong understanding of derivatives pricing, volatility dynamics, and risk modeling.
• Deep experience in signal research, statistical modeling, and alpha generation.
• Expertise in research design, backtesting, and model validation, including overfitting and data leakage.
• Fluency in Python and experience with large-scale financial datasets.
• Strong knowledge of market microstructure and execution modeling.

Responsibilities

• Research, develop, and validate systematic delta-one futures strategies across global markets.
• Build and refine quantitative signal generation frameworks for futures and options portfolios.
• Develop and evaluate futures-based hedging methodologies to improve risk management.
• Research directional options overlays grounded in quantitative futures signals.
• Model and analyze strategy and portfolio risks including exposure and liquidity.
• Collaborate with traders, developers, and infra teams to productionize research.
• Conduct backtesting, out-of-sample validation, and performance attribution.
• Analyze live strategy performance to identify weaknesses and opportunities.
• Continuously refine models for signal quality, robustness, and capital efficiency.
• Develop quantitative frameworks to inform portfolio construction and risk budgeting.

Skills

Quantitative research

Python

Large-scale datasets

Derivatives pricing

Risk modeling

Signal generation

Backtesting

Model validation

Education

Advanced degree in Mathematics/Statistics/Physics/Engineering/CS

Job description

DRW, a Chicago-based diversified trading firm, invites a Senior Quantitative Researcher to lead delta-one research within the FICC options platform. You will translate research into production strategies, collaborating with traders and developers to integrate futures-based signals and robust hedging frameworks across global markets.

The role emphasizes deep quantitative expertise, a track record of producing research that enhances performance, and scalable models for derivatives trading.