Electronic Options Trader

Wolverine Trading; Chicago (IL); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

100% medical, dental, vision, life, &–

Parental leave

401K and Roth 401K

Profit sharing

Short/Long-term disability

Free breakfast and lunch

On-site gym

Frequent company outings

Chicagoland community support

In-house education team

Mentorship program

Job summary

Wolverine Trading is seeking an experienced electronic option trader to join the Option Market Making Desk in Chicago. You will manage risk across multiple products and work with traders and engineers to enhance risk management logic and processes.

We offer a collegial environment with fast feedback and increasing responsibilities. The role requires working in the Chicago Loop office 5 days a week and offers a competitive compensation package with base salary and discretionary bonus.

Qualifications

• 2+ years of managing risk on an electronic market making desk.
• Strong communication skills and a desire to work in a team environment.
• Ability to perform trade analysis and identify solutions.
• Self-motivated, adaptable.
• Commitment to learning and innovation.
• Excellent analytical skills.

Responsibilities

• Manage risk and execution across multiple products.
• Manage parameters that affect option pricing.
• Conduct product-specific research to identify idiosyncratic risks.
• Identify macro catalysts within your names.
• Identify and investigate trades using analysis tools and logs.
• Collaborate with desk engineers and traders to improve strategies and applications.
• Must work in the Chicago Loop office 5 days a week.

Skills

Risk management

Communication

Trade analysis

Self-motivation

Adaptability

Analytical skills

Job description

Department: Trading

Location: Chicago, IL

Compensation: $100,000 - $150,000 / year

We are looking for an experienced electronic option trader who enjoys working in a team environment. As part of Wolverine’s Option Market Making Desk, you will be managing risk across multiple industry groups that results from electronic market making. You will have the opportunity to work with other traders and engineers to improve our risk management logic and processes.

At Wolverine, we pride ourselves on fostering a collegial environment that encourages creative thinking through informal discussions. Our flat structure allows you to obtain quick feedback, and gives you the opportunity to take on increasing responsibilities.

What You’ll Do

• Manage risk and execution across multiple products.
• Manage parameters that affect option pricing.
• Conduct product-specific research in order to identify idiosyncratic risks.
• Identify macro catalysts within your names.
• Identify and investigate trades using our analysis tools and logs.
• Collaborate with desk engineers and traders to improve current strategies and applications.
• Must be able to work in our Chicago Loop office 5 days a week.

What We’re Looking For

• 2+ years of managing risk on an electronic market making desk.
• Strong communication skills and a desire to work in a team environment.
• Ability to perform trade analysis and identify solutions.
• Self-motivated, adaptable.
• Commitment to learning and innovation.
• Excellent analytical skills.

Why Join Us

Our flat organizational structure promotes teamwork across the Firm and offers easy access to senior staff. While we work exceptionally well as a team in the office, our bonds are further strengthened through company events, activities and giving back. Volleyball, soccer, hockey, 5K runs, picnic, parties, and trivia nights provide friendly competition and build better relationships. By getting out of our usual environment and doing out-of-the-ordinary things together, we foster creativity and broaden our imaginations to accomplish new challenges.

Benefits

• Highly competitive salary & bonus opportunity
• Generous paid time off and flexible scheduling
• 100% coverage of medical, dental, vision, life, and disability benefits for single coverage
• Generous Paid Parental Leave
• Retirement Plans: 401K and Roth 401K
• Profit sharing plan
• Long- and short-term disability

Additional Perks:

• Free breakfast and lunch from our in-house kitchen with rotating menus (including snacks!)
• On-site gym with a subsidized membership
• Frequent company outings
• Opportunity to give back to organizations that help individuals in need in the Chicagoland area

Professional Development:

• In-house education team – classes and resources are offered for continuous learning opportunities
• Mentorship Program through your first six months of employment

The base compensation range for this role is approximately $100,000-$150,000 contingent on experience. Wolverine Trading's total compensation model includes base salary and an annual discretionary bonus.