Systematic Equity Options Trader — Quant Trading Desk

Old Mission; Chicago (IL); On-site; USD 170,000 - 250,000; Full time

Benefits offered by this job

Discretionary bonus

Comprehensive benefits

Job summary

Old Mission in Chicago HQ is seeking a Systematic Equity Options Trader to design, implement, and manage systematic trading strategies across equity options markets.

You will collaborate with quantitative researchers and technology teams to build models, optimize execution, and manage risk, leveraging Python or C++ and modern data tools in a fast-paced desk. This role offers a high-impact environment with discretionary bonus and comprehensive benefits.

Qualifications

• Bachelor's degree in a quantitative field; advanced degree preferred.
• 4+ years of experience in systematic options trading or related.
• Strong understanding of options pricing theory, Greeks, and volatility dynamics.
• Proficiency in Python or C++.
• Experience with statistical analysis, machine learning, and quantitative modeling techniques.
• Must have a strong understanding of the market microstructure and execution algorithms.
• Excellent analytical and problem-solving skills.
• Ability to work effectively in a fast-paced, collaborative environment.

Responsibilities

• Design and implement systematic trading strategies for equity options across single-name options, index options, and volatility products.
• Build and maintain quantitative models for options pricing, volatility forecasting, and risk management.
• Monitor and optimize existing strategies and identify opportunities for improvement.
• Collaborate with quantitative researchers to translate research insights into production trading strategies.
• Manage portfolio risk through systematic hedging and position management.
• Analyze market microstructure and develop strategies to optimize execution quality.
• Work with technology teams to build robust, scalable trading infrastructure.
• Conduct post-trade analysis to evaluate strategy performance and identify areas for improvement.

Skills

Python

C++

Statistics

Machine Learning

Quantitative Modeling

Market Microstructure

Education

Bachelor's degree in Mathematics, Statistics, Computer Science, Physics, Engineering, or related quantitative field

Advanced degree preferred

Job description

Old Mission in Chicago HQ is seeking a Systematic Equity Options Trader to design, implement, and manage systematic trading strategies across equity options markets.

You will collaborate with quantitative researchers and technology teams to build models, optimize execution, and manage risk, leveraging Python or C++ and modern data tools in a fast-paced desk. This role offers a high-impact environment with discretionary bonus and comprehensive benefits.