Equity Options Quant Researcher – Market-Making & Pricing

Group One Trading; Chicago (IL); On-site; USD 175,000 - 225,000; Full time

Job summary

Group One Trading is seeking a Quantitative Researcher to advance equity options pricing, risk management, and market-making strategies.

You will work with traders and developers to translate research into improved pricing and trading decisions, leveraging Python/SQL and advanced volatility models. Chicago or New York options market exposure awaits with a discretionary bonus component.

Qualifications

• Professional experience in quantitative research, trading, or risk modeling within equity options.
• Expertise with volatility modeling techniques (local, stochastic, rough) and IV surfaces.
• Deep understanding of option pricing models and portfolio risk.
• Strong foundation in probability, statistics, numerical methods, and empirical analysis.
• Experience analyzing large datasets and testing hypotheses.
• Understanding of equity options market structure and electronic market making.
• Proficiency in Python and SQL.
• Independent judgment and intellectual curiosity; challenge existing models.
• Bachelor's or advanced degree in a scientific field.

Responsibilities

• Develop and validate quantitative models for equity options pricing and risk.
• Collaborate with traders and software developers to implement research into trading decisions.
• Analyze model performance and communicate insights to senior teams.

Skills

Quantitative research

Options trading

Volatility modeling

Option pricing

Probability & statistics

Data analysis

Market structure

Python & SQL

Academic degree

Education

Bachelor's or higher in a scientific field

Tools

Python

SQL

Job description

Group One Trading is seeking a Quantitative Researcher to advance equity options pricing, risk management, and market-making strategies.

You will work with traders and developers to translate research into improved pricing and trading decisions, leveraging Python/SQL and advanced volatility models. Chicago or New York options market exposure awaits with a discretionary bonus component.