Quantitative Trader: Options & Volatility Strategist

Simplex Trading; Chicago (IL); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Health/dental/vision insurance

401(k) contributions

Tuition reimbursement

Employee discounts

In-office kitchen and stipends for meals

Charity match up to $2,000

Fun events and celebrations

Job summary

Simplex Trading in Chicago is looking for an Algorithmic Trader to leverage advanced quantitative techniques to develop pricing models and enhance trading strategies. Candidates should have a Bachelor’s degree in a relevant field and at least two years of experience working with option theory and volatility modeling.

This full-time position offers a competitive salary between $150,000 and $200,000, along with bonuses and comprehensive benefits including health insurance and 401(k) contributions.

Qualifications

• Bachelor’s degree (or foreign equivalent) in Finance, Mathematical Finance, Mathematics, Statistics, or a related field.
• Passed Series 57 exam.
• At least two years of experience in option theory and pricing.
• Experience in volatility modeling and fitting.

Responsibilities

• Leverage quantitative techniques for risk management and trading strategies.
• Develop models for pricing options and stress haircut calculations.
• Conduct A/B testing to refine trading parameters.

Skills

Option theory and pricing

Volatility modeling

Programming in Python

SQL proficiency

Data analysis

Education

Bachelor’s degree in Finance or related field

Tools

Unix

Linux

Job description

Simplex Trading in Chicago is looking for an Algorithmic Trader to leverage advanced quantitative techniques to develop pricing models and enhance trading strategies. Candidates should have a Bachelor’s degree in a relevant field and at least two years of experience working with option theory and volatility modeling.

This full-time position offers a competitive salary between $150,000 and $200,000, along with bonuses and comprehensive benefits including health insurance and 401(k) contributions.