Quantitative FX Trader

Trading Interview; Chicago, New York (IL, NY); On-site; USD 150,000 - 225,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

401(k) with employer match

Tuition reimbursement

Paid vacation and parental leaves

Commuter benefits

Job summary

Old Mission Capital is seeking a Quantitative FX Trader to join our Chicago team. You will report to a managing partner and bring strong decision making, risk management, pricing theory, and market-structure knowledge to FX spot and related derivatives.

You will lead trading initiatives, collaborate with engineering and research teams to build strategies and models, and mentor junior traders while expanding our FX footprint globally.

Qualifications

• Bachelor’s degree or foreign equivalent in a relevant field.
• Deep understanding of FX market including forecasting, trading, portfolio construction and risk management.
• Experience with FX spot and derivatives trading is preferred.
• Proficiency with Python/SQL/Excel is desirable.

Responsibilities

• Lead the expansion of FX trading efforts.
• Collaborate with engineering and research to develop proprietary strategies, pricing models and risk techniques.
• Partner with operations on clearing, vendors, ATS, and client relationships.
• Design, implement, and monitor trading strategies.
• Train and mentor junior traders.

Skills

Communication skills

Attention to detail

Multitasking

Self-starter

Process improvement

Education

Bachelor’s degree in CS/Engineering/Math/Statistics/Finance/Economics or related field

Tools

Python

SQL

Excel/VBA

Job description

Old Mission is a global proprietary trading firm that leverages state-of-the-art technology and research to identify and execute profitable trading strategies across multiple asset classes around the world. Our offices in Chicago, New York, and London are all composed of naturally-curious individuals who thrive in a team environment and constantly strive for improvement.

About the Role

We are seeking a Quantitative FX Trader to join our growing firm. This Quantitative FX Trader will report directly to a managing partner in Chicago. This trader must be able to demonstrate exemplary decision making skills in addition to superior risk management, theoretical pricing, and market structure knowledge. This trader will be involved in trading and research with a focus on the FX spot market and related derivatives.

Responsibilities

• Lead the expansion of Old Mission’s FX trading efforts
• Work closely with internal engineering and research teams to develop proprietary trading strategies, theoretical pricing models and risk management techniques
• Partner with our operations team in developing and managing critical clearing, vendor, ATS, and client relationships
• Design, implement, and monitor trading strategies
• Train and mentor a team of junior traders

Required Skills

• Bachelor’s degree or foreign equivalent degree in Computer Science, Engineering, Mathematics, Statistics, Finance, or Economics or in a related field.
• Qualified candidates will have a deep understanding across the FX market from forecasting and trading, portfolio construction, optimization, and risk management.
• Ideal candidates will have some exposure to one of the following technologies: Python, SQL, and Excel/VBA;
• Excellent written and oral communication skills
• Attention to detail and excellent follow-through skills
• Capable of handling multiple projects simultaneously while being instrumental in building a new business
• Self-starter with a strong desire to make processes more efficient

Benefits and Perks

• Fully paid Medical, Dental, Vision, Disability, and Life Insurance
• Fully stocked kitchen; free breakfast and lunch every day on-site
• Tuition Reimbursement Program
• 401(k) with employer match
• Paid Vacation, Sick, and Parental leaves
• Commuter and Flexible Spending Programs

Base Salary Range

$150,000 - $225,000 - Salaries are based on numerous factors such as skills, experience, and education. Our compensation package also includes a discretionary bonus and a comprehensive benefits program for full-time employees. For more information, reach out to your recruiter.

Old Mission Capital is a quantitative market-making firm founded in 2008. It prices "thousands of financial instruments globally" and has "traded trillions of dollars of securities using proprietary systems and…"