Junior Discretionary Trader – Volatility

Anson McCade; New York (NY); On-site; USD 120,000 - 150,000; Full time

Job summary

Anson McCade is seeking a Junior Discretionary Trader to join a leading global investment management firm in New York. This role offers new graduates or early-career professionals exposure to volatility trading with direct mentorship and comprehensive training, enabling them to develop skills in managing portfolio risks and implementing trading strategies.

Benefits

Comprehensive mentorship

Structured on-the-desk training

Career growth in a hedge fund environment

Qualifications

• Up to 2 years of relevant experience, ideally within a trading or investment environment.
• Demonstrable interest in volatility/options trading.
• Strong programming skills, preferably in Python.

Responsibilities

• Support senior traders in executing discretionary trading strategies.
• Monitor and analyze portfolio risk and PnL.
• Produce and maintain PnL attribution and risk reports.

Skills

Analytical thinking

Communication

Collaboration

Programming (Python)

Education

Bachelor’s or Master’s degree in a quantitative or financial discipline

Job description

Junior Discretionary Trader – Volatility

Junior Discretionary Trader – Volatility

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This range is provided by Anson McCade. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$120,000.00/yr - $150,000.00/yr

Direct message the job poster from Anson McCade

Senior Recruitment Consultant at Anson McCade - Specialising in Quant Finance Opportunities

My client is a leading global investment management firm renowned for its scientific, data-driven approach to trading and technology. Operating across a diversified range of strategies, the firm is built on cutting-edge research, proprietary systems, and a collaborative global structure. While systematic trading is at the firm’s core, a growing discretionary team complements the approach by capturing opportunities that fall outside of automated strategies — particularly in complex areas such as volatility trading across asset classes.

The Opportunity

My client is seeking a Junior Discretionary Trader to join its expanding New York-based team. This is a unique opportunity for recent graduates or early-career professionals with a strong interest in options/volatility trading to work directly alongside experienced discretionary traders. You will receive direct mentorship, hands-on training, and exposure to institutional-grade trading strategies.

The role focuses on supporting and learning from senior traders while contributing to active risk-taking, portfolio management, and idea generation. Over time, successful candidates will have the opportunity to progress towards managing risk independently.

Key Responsibilities

• Support senior traders in the evaluation and execution of discretionary trading strategies, with a focus on volatility and options-based approaches
• Monitor and analyze portfolio risk and PnL
• Contribute to daily portfolio management, hedging, and trade execution
• Produce and maintain PnL attribution, risk reports, and performance summaries
• Collaborate with quantitative researchers to improve trading strategies and leverage firm-wide analytics and data platforms
• Execute trades in complex or less liquid markets where automation is not optimal

Ideal Candidate Profile

• Bachelor’s or Master’s degree in a quantitative or financial discipline (e.g. Mathematics, Statistics, Engineering, Computer Science, Physics, Finance, or Economics)
• Up to 2 years of relevant experience, including internships, ideally within a trading, investment, or derivatives-focused environment
• Demonstrable interest or prior exposure to volatility/options trading, either through internships, or full-time work
• Strong programming skills (Python preferred), with the ability to work with data and automate processes
• Excellent analytical thinking, attention to detail, and eagerness to learn in a fast-paced environment
• Strong communication and collaboration skills to work effectively within a global team

What You’ll Gain

• Exposure to top-tier discretionary and quantitative trading professionals
• Comprehensive mentorship and structured on-the-desk training
• Involvement in real-time portfolio decisions and market risk management
• Career growth in a world-class hedge fund environment with long-term development pathways

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Financial Services and Capital Markets

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