Senior Delta-One Quant Researcher (Futures & Options)

Trading Interview; Chicago (IL); Presencial; USD 150.000 - 250.000; Jornada completa

Ventajas ofrecidas por este puesto de trabajo

Medical, dental, and vision insurance

401k plan with discretionary match

Short and long-term disability

Life and AD&D insurance

Health savings accounts

Descripción de la vacante

DRW, a Chicago-based diversified trading firm, seeks a Senior Quantitative Researcher (Delta One) to lead embedded research within a discretionary and systematic options platform. You will develop, validate, and productionize futures-driven delta-one strategies and quantitative signals across global markets, partnering with traders and developers to deliver robust hedging and risk control.

You will drive research from hypothesis through backtesting and live monitoring, ensuring scalability,

Formación

• 2+ years of experience in quantitative research supporting systematic trading, preferably in futures and listed derivatives.
• Proven track record of developing quantitative signals or models that have been deployed in production and contributed to trading performance.
• Strong understanding of derivatives pricing, volatility dynamics, and risk modeling.
• Deep experience in signal research, statistical modeling, and alpha generation.
• Expertise in research design, backtesting, and model validation, including addressing overfitting, data leakage, and implementation costs.
• Fluency in Python and experience working with large-scale financial datasets.
• Strong knowledge of market microstructure and execution modeling.
• Ability to independently lead research projects while collaborating effectively with traders and developers.

Responsabilidades

• Research, develop, and validate systematic delta-one futures strategies across global markets, including rates, FX, commodities, and equities.
• Build and refine quantitative signal generation frameworks to support both standalone futures strategies and options portfolios.
• Develop and evaluate futures-based hedging methodologies to improve portfolio risk management across the FICC options business.
• Research directional options overlays grounded in quantitative futures signals, partnering with traders on implementation and evaluation.
• Model and analyze strategy and portfolio risks, including exposure, volatility, liquidity, and cross-asset correlations.
• Partner closely with traders, developers, and trading infrastructure teams to productionize research, establish model monitoring, and improve execution.
• Conduct rigorous research, backtesting, out-of-sample validation, and performance attribution, incorporating realistic transaction costs and execution constraints.
• Analyze live strategy performance to identify model weaknesses, changing market conditions, and opportunities for improvement.
• Continuously refine models to improve signal quality, robustness, scalability, and capital efficiency.
• Develop quantitative frameworks to inform portfolio construction, capital allocation, and risk budgeting within the FICC platform.

Conocimientos

Quantitative research

Python

Backtesting

Signal generation

Derivatives pricing

Market microstructure

Research leadership

Educación

Advanced degree in Mathematics/Statistics/Physics/Engineering/CS

Descripción del empleo

DRW, a Chicago-based diversified trading firm, seeks a Senior Quantitative Researcher (Delta One) to lead embedded research within a discretionary and systematic options platform. You will develop, validate, and productionize futures-driven delta-one strategies and quantitative signals across global markets, partnering with traders and developers to deliver robust hedging and risk control.

You will drive research from hypothesis through backtesting and live monitoring, ensuring scalability,