Delta One Quant Researcher (Futures & FICC)

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

Benefits offered by this job

Medical insurance

Dental and vision insurance

401k with discretionary employer match

Discretionary bonus

Life and AD&D insurance

Health savings accounts

Job summary

DRW, a Chicago-based trading firm, is seeking a Senior Quantitative Researcher (Delta One) to lead research within the FICC options platform, building systematic futures strategies and hedging frameworks across global markets.

You will collaborate with traders and developers to productionize research, backtest rigorously, and optimize execution, with a focus on robust signal generation and risk management.

Qualifications

• 2+ years of experience in quantitative research supporting systematic trading.
• Proven track record of developing quantitative 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.
• Fluency in Python and experience working with large-scale financial datasets.

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 portfolio risk management.
• Research directional options overlays grounded in quantitative futures signals with traders.
• Model and analyze strategy and portfolio risks across exposure, volatility, and cross-asset correlations.
• Collaborate with traders, developers, and trading infrastructure teams to productionize research.

Skills

Python

Quantitative research

Derivatives pricing

Backtesting

Signal generation

Market microstructure

Execution modeling

Team leadership

Education

Advanced degree in Mathematics, Statistics, Physics, Engineering, or Computer Science

Job description

DRW, a Chicago-based trading firm, is seeking a Senior Quantitative Researcher (Delta One) to lead research within the FICC options platform, building systematic futures strategies and hedging frameworks across global markets.

You will collaborate with traders and developers to productionize research, backtest rigorously, and optimize execution, with a focus on robust signal generation and risk management.