Senior Product Control Quant Lead: Valuation & Models

DRW; Chicago (IL); On-site; USD 200,000 - 250,000; Full time

Benefits offered by this job

Discretionary annual bonus

Comprehensive benefits package

401(k) with employer match

Health, dental, vision insurance

Job summary

DRW is seeking a Product Control Quantitative Lead in its Chicago office to own independent valuation verification for options, structured products and derivatives. You will work with traders, risk, quants and software engineers to build robust, auditable processes and scalable verification tooling.

The role requires in-office presence for four days a week. You will review pricing models, validate inputs, and present findings to the Valuation committee.

Qualifications

• Minimum 7 years of relevant experience in trading/fund environments.
• Experience constructing and analyzing volatility surfaces and option skews.
• Experience managing data and building tools in Python.
• Strong understanding of control functions and sensitivity analysis.
• Prior experience in model validation or model governance frameworks preferred.

Responsibilities

• Independently verify pricing models and inputs for options valuation and present results to committees.
• Analyze skew data to determine valuation sources for middle office and commercial groups.
• Collaborate with trading desk analysts, quants and risk to validate new instruments and bespoke structures.
• Identify unobservable inputs, test sensitivities and document assumptions.
• Work with software engineers to specify pricing verification systems.
• Develop and maintain auditable valuation documentation and governance artifacts.

Skills

Volatility surfaces

Python

Control functions

Model governance

Pricing validation

Tools

Python

Job description

DRW is seeking a Product Control Quantitative Lead in its Chicago office to own independent valuation verification for options, structured products and derivatives. You will work with traders, risk, quants and software engineers to build robust, auditable processes and scalable verification tooling.

The role requires in-office presence for four days a week. You will review pricing models, validate inputs, and present findings to the Valuation committee.