Trader - Index Rolls and Rates

Maven; Chicago (IL); On-site; USD 180,000 - 260,000; Full time

Benefits offered by this job

Annual discretionary bonus

Private healthcare

Life assurance

Monthly company events

Job summary

Maven is seeking an ambitious Index Rolls Trader to join its Options Market Making team in Chicago. You will manage rolls and rates, identify P&L opportunities, and own the space end-to-end while coordinating with developers to improve the trading platform.

Ideal candidates have 2–5 years in index rolls trading, strong options knowledge, and a commercial trading mindset with risk ownership. Join a collaborative, employee-owned firm offering growth and a discretionary bonus.

Qualifications

• 2–5 years’ experience trading index rolls.
• Strong understanding of options markets.
• Able to identify P&L opportunities, not just hedge risk.
• Capable of working with traders and developers.
• Interested in building something rather than joining a fully mature desk.
• Familiarity with Python and SQL or similar programming languages.

Responsibilities

• Manage rates and rolls across front and back expiries, absorbing the risks from the option operation.
• Improve the existing trading and hedging setup.
• Identify and trade P&L opportunities arising from rolls, rates and flow.
• Take end-to-end ownership of the space.
• Work with developers where modest platform improvements are required.
• Potentially help develop a broader rolls/rates trading capability over time.

Skills

Index rolls

Rates trading

P&L opportunities

Traders & developers

Building mindset

Index rolls exp 2-5y

Options markets

Risk ownership

Analytical skills

Python/SQL

Tools

Python

SQL

Job description

Maven is a market-leading, employee-owned proprietary trading firm deploying internal capital across discretionary, systematic, and market-making strategies. We differentiate ourselves by exclusively managing our own capital, delivering exceptional returns on equity since inception, and preserving an entrepreneurial, highly collaborative culture.

THE ROLE

We are looking for an ambitious and proactive Index Rolls Trader to join our Options Market Making team in Chicago. The eligible candidate will have extensive experience trading index rolls and rates, initially across the S&P index complex and potentially other indices later. The role will suit candidates that have had experience in managing rates and rolls across front and back expiries.

RESPONSIBILITIES

• Manage rates and rolls across front and back expiries, absorbing the risks from the option operation.
• Improve the existing trading and hedging setup.
• Identify and trade P&L opportunities arising from rolls, rates and flow.
• Take end-to-end ownership of the space
• Work with developers where modest platform improvements are required.
• Potentially help develop a broader rolls/rates trading capability over time.

CANDIDATE SPECIFICATIONS

• Strong on index rolls, rates and term-structure exposure
• Able to identify P&L opportunities, not just hedge risk
• Capable of working with traders and developers
• Interested in building something rather than joining a fully mature desk
• 2–5 years’ experience trading index rolls
• Strong understanding of options markets
• Commercial trading mindset with appetite for risk ownership and strategy responsibility
• Strong interest and ability to operate in a fast-moving, opportunistic trading environment
• Strong analytical skills and research capabilities
• Familiarity with Python and SQL or similar programming and database languages

WHAT WE OFFER

• A fast-growing global firm with plenty of opportunities where you will have a significant impact
• Competitive compensation package
• Annual discretionary bonus
• Enhanced annual leave allowance after 2+ years’ service
• 25 days’ annual leave (plus public holidays)
• Private healthcare and life assurance
• Monthly company events and social activities

As set forth in Maven’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

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