Senior Options Pricing Engineer - Core Library Ownership

Edgehog Trading

Chicago (IL)

On-site

USD 150,000 - 175,000

Full time

14 days+

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Benefits offered by this job

Health, dental, vision insurance

401(k) with 4% company match

Unlimited PTO and sick leave

Free lunch, coffee, drinks and snacks

Commuter benefits

Monthly happy hours and team events

Job summary

Edgehog Trading, a Chicago-based proprietary trading firm, seeks a pricing-model focused engineer to develop and optimize valuation and risk models. The role emphasizes collaboration with traders and developers, delivering scalable production code in C++ and Java.

Ideal candidates bring 5+ years in trading environments, a CS/Math degree, and strong skills in options pricing and model design. The firm offers deep mentorship and a fast-paced, ownership-driven culture.

Qualifications

5+ years of experience in a trading environment focusing on pricing models.
Degree in computer science, mathematics, or a related field.
Solid understanding of options pricing principles or modeling for other derivatives.
Expertise in C++ and/or Java, emphasizing high-quality production code and optimized scalability.
Proven ability to work in cross-functional teams, particularly alongside traders and other technical experts.
Excellent analytical abilities and talent for transforming intricate concepts into functional systems.

Responsibilities

Create and optimize efficient algorithms for valuation and managing risks across a diverse range of financial instruments.
Design and enhance models that accurately reflect asset values and risks in practical market scenarios.
Collaborate with traders and other developers to deliver model results that are precise, interpretable, and consistent with real market dynamics.
Take ownership of essential elements in our pricing library, used across all trading desks.
Produce dependable and scalable code in Java and C++.

Skills

Pricing models

C++

Java

Cross-functional teamwork

Analytical skills

Options pricing

Education

CS/Math degree

Job description

About Us

Edgehog Trading is a proprietary trading firm specializing in electronic options market making. We take a technology-driven approach, designing and operating automated, scalable systems to provide liquidity across markets.

Our team spans trading, engineering, and business operations, working together to build and support the systems that power the firm. We emphasize data-driven decision making, rigorous problem solving, and continuous improvement to navigate complex and evolving markets.

We operate in a highly collaborative environment where ideas can move quickly from concept to implementation, and where individuals are empowered to take ownership and contribute directly to the firm’s growth.

What You'll Do

Create and optimize efficient algorithms for valuation and managing risks across a diverse range financial instruments.
Design and enhance models that accurately reflect asset values and risks in practical market scenarios.
Collaborate with traders and other developers to deliver model results that are precise, interpretable, and consistent with real market dynamics.
Take ownership of essential elements in our pricing library, used across all trading desks.
Produce dependable and scalable code in Java and C++

Qualifications And Skills

5+ years of experience in a trading environment focusing on pricing models
Degree in computer science, mathematics, or a related field
Solid understanding of options pricing principles or modeling for other derivatives.
Expertise in C++ and/or Java, emphasizing high-quality production code and optimized scalability.
Proven ability to work in cross-functional teams, particularly alongside traders and other technical experts.
Excellent analytical abilities and talent for transforming intricate concepts into functional systems.

Why Edgehog

Small team advantage: Direct access to founders and senior team members from day one
Ownership early: Manage real P&L and make meaningful impact within your first year
Cutting-edge tech: Work with our proprietary models and low-latency trading systems built in-house
Tight feedback loops: Monthly 1-on-1s with your mentor, quarterly reviews with leadership
Chicago-based: Affordable cost of living, vibrant trading community

Benefits

Comprehensive health, dental, and vision insurance with premiums 100% covered by the firm
401(k) with a 4% company match
Unlimited paid time off and sick leave
Free lunch, coffee, drinks, and snacks
Commuter benefits
Monthly happy hours and annual team events

The base salary range for this position is listed below. Base salary represents just one part of overall compensation; all full-time, permanent roles are eligible for a discretionary bonus and benefits, including items in the above list.

The base salary for this role is 150,000 - 175,000 USD per year

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