Senior Trader

ittihad medical centre; Chicago (IL); Hybrid; USD 271,000 - 331,000; Full time

Benefits offered by this job

Partial telecommuting

Job summary

IMC Americas, Inc. is hiring Senior Traders in Chicago, IL and New York, NY. The role focuses on developing quantitative models and trading strategies, managing risk and PnL, and mentoring a team of traders and researchers across multiple offices.

The position requires a quantitative degree and FINRA certifications, with a base salary of $300,914 and discretionary bonuses. Partial telecommuting is available; multiple openings exist as per requisition 4479679101.

Qualifications

• Bachelor's degree or foreign equivalent in a quantitative field and five years of experience in the job offered or related position.
• Five+ years of experience in developing, maintaining, and enhancing trading models and systems.
• Experience operating trading strategies across market conditions with risk awareness.
• Experience in risk management and regulatory compliance in trading markets.
• Proficiency in Python and associated libraries for quantitative analysis.
• Experience managing quantitative traders and leading teams on trading desks.
• Involvement in planning and prioritization on a trading desk.
• FINRA Certifications: SIE, Series 57, Series 24.

Responsibilities

• Develop and enhance mathematical models, strategies, and trading components with developers.
• Independently design end-to-end changes to trading models and systems with testing plans.
• Analyze financial data to optimize trading and revenue using internal tools.
• Create custom analysis tools for research beyond existing tools.
• Prepare and present high-quality financial analyses following IMC guidelines.
• Lead, mentor, and develop traders and teams across offices.
• Supervise traders and interns with detailed feedback.
• Set trading strategy, goals, and standards; monitor market trends and adapt.
• Own risk management, PnL, and regulatory controls for the trading desk.
• Collaborate with stakeholders and other IMC offices to influence direction.
• Partner with trading and tech leads to enhance strategies and tools.
• Participate in trader interviews and hiring decisions.

Skills

Trading experience

Risk management

Team leadership

Mentoring

Regulatory compliance knowledge

Quantitative analysis

Education

Bachelor's degree in Mathematics/ Econometrics/ CS/ Financial Engineering/ Physics

FINRA SIE

FINRA Series 57

FINRA Series 24

Tools

Python

Pandas

NumPy

SciPy

Job description

IMC Americas, Inc. has multiple openings for Senior Trader (REQ#4479679101) in Chicago, IL and New York, NY.

Your Core Responsibilities

• Develop, maintain, and enhance mathematical models, strategies, and trading system components for quantitative proprietary trading in collaboration with developers (3%).
• Independently design and implement changes to trading models, strategies and systems from end-to-end, including conceiving of proposed changes, creating a testing plan and performing tests, and implementing changes (3%).
• Analyze, interpret, and model financial, economic, and industry data to optimize trading and maximize revenue generation using existing internal tools (3%).
• Create custom analysis tools for use at the firm to perform research beyond available analysis tools (3%).
• Prepare and present high-quality financial analysis and reports following IMC global guidelines (3%).
• Lead, mentor and develop a team of traders, including managing Trading managers and leading trading teams across offices (15%).
• Supervise and mentor traders and interns, providing detailed feedback for their work (20%).
• Set trading strategy, performance goals, and standards for a group of traders, quant researchers, and technologists; and stay abreast of market trends and changes, adapting strategies as needed (15%).
• Enforce robust risk management practices and ensure adherence to regulatory and internal controls; and own PnL, risk management, and regulatory controls for the trading desk (10%).
• Influence organizational and strategic direction for the firm by collaborating with key stakeholders and leadership in IMC international offices (10%).
• Partner closely with other trading and technology leads to enhance trading strategies, systems and tools (10%).
• Participate in Trader interview process and make hiring decisions for applicants to Trader positions (5%).

Partial telecommuting permitted. Multiple positions available. Requisition Number: 4479679101

Your Skills and Experience

This position requires a Bachelor's degree, or foreign equivalent, in Mathematics, Econometrics, Computer Science, Financial Engineering, Physics, or similarly quantitative and mathematical field and five (5) year of experience in the job offered or a related position.

Must have at least five (5) years of experience in each of the following skill(s):

• Developing, maintaining, and enhancing mathematical models, strategies, and trading system components for quantitative proprietary trading in collaboration with developers
• Operating trading strategies through a range of market circumstances, having a thorough understanding of risk at any point in time
• Rolling out and verifying new features on trading strategies
• Managing a trading firm's risk exposure
• Using Python and python coding libraries, including Pandas, NumPy, and SciPy to assist in quantitative analysis
• Experience trading products and navigating compliance regulations in trading markets
• Managing Quantitative traders
• Contributing to planning and prioritization decisions on a trading desk
• Requires FINRA Certifications: (1) SIE, (2) Series 57, and (3) Series 24

#LI-DNI

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.

Salary Range

$300,914 — $300,914 USD

About Us

IMC is a research-driven trading firm where quantitative modeling, machine learning, and engineering shape how modern markets are traded. A stabilizing force in markets since 1989, we provide liquidity across trading venues, delivering the best outcome in value and risk management to investors. Using our own technology and capital, we build proprietary systems and algorithms that operate across global markets. Our researchers, traders, and engineers work as a collective, combining rapid experimentation, advanced infrastructure, and real-time feedback to turn insight into execution and execution into advantage.