Trader - Index Rolls and Rates

Maven - Trading and Portfolio Management; Chicago (IL); On-site; USD 150,000 - 230,000; Full time

Benefits offered by this job

Competitive pay

Discretionary bonus

25 days leave

Healthcare

Social events

Job summary

Maven - Trading and Portfolio Management in Chicago seeks an ambitious Index Rolls Trader for our Options Market Making team. You will manage index rolls and rates across expiries, contribute to hedging setups, and seek P&L opportunities.

You should have 2–5 years of experience trading index rolls, be proficient in Python/SQL, and comfortable working with traders and developers in a fast-moving, collaborative environment. We offer a competitive package and generous leave.

Qualifications

• 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.

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

Term structure

P&L spotting

Python

SQL

Trader collaboration

Analytical skills

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

Create a Job Alert

Interested in building your career at Maven - Trading and Portfolio Management? Get future opportunities sent straight to your email.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

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

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

Completing this form is voluntary, and we hope that you will choose to do so. Your answer is confidential. No one who makes hiring decisions will see it. Your decision to complete the form and your answer will not harm you in any way. If you want to learn more about the law or this form, visit the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) website at www.dol.gov/ofccp .

Voluntary Self-Identification of Disability

Form CC-305 Page 1 of 1 OMB Control Number 1250-0005 Expires 07/31/2029

Why are you being asked to complete this form?

We are a federal contractor or subcontractor. The law requires us to provide equal employment opportunity to qualified people with disabilities. We have a goal of having at least 7% of our workers as people with disabilities. The law says we must measure our progress towards this goal. To do this, we must ask applicants and employees if they have a disability or have ever had one. People can become disabled, so we need to ask this question at least every five years.

We are also required by federal regulations to keep a confidential record of disability status for each applicant. The purpose of this monitoring is to aid the successful future placement of qualified individuals, to improve the quality of our recruitment and any other processes, and to measure the likelihood that qualified employees meet the qualification standards in our public workforce.

How do you know if you have a disability?

Disabilities include, but are not limited to:

• Alcohol or other substance use disorder (not currently using drugs illegally)
• Autoimmune disorder, for example, lupus, fibromyalgia, rheumatoid arthritis, HIV/AIDS
• Blind or low vision
• Cancer (past or present)
• Cardiovascular or heart disease
• Celiac disease
• Cerebral palsy
• Deaf or serious difficulty hearing
• Diabetes
• Disfigurement, for example, disfigurement caused by burns, wounds, accidents or congenital disorders
• Epilepsy or other seizure disorder
• Gastrointestinal disorders, for example, Crohn's Disease, irritable bowel syndrome
• Intellectual or developmental disability
• Mental health conditions, for example, depression, bipolar disorder, anxiety disorder, schizophrenia, PTSD
• Missing limbs or partially missing limbs
• Mobility impairment, benefiting from the use of a wheelchair, scooter, walker, leg brace(s) and/or other supports
• Nervous system condition, for example, migraine headaches, Parkinson’s disease, multiple sclerosis (MS)
• Neurodivergence, for example, attention-deficit/hyperactivity disorder (ADHD), autism spectrum disorder, dyslexia, dyspraxia, other learning disabilities
• Partial or complete paralysis (any cause)
• Pulmonary or respiratory conditions, for example, tuberculosis, asthma, emphysema
• Short stature (dwarfism)
• Traumatic brain injury

PUBLIC BURDEN STATEMENT: According to the Paperwork Reduction Act of 1995 no persons are required to respond to a collection of information unless such collection displays a valid OMB control number. This survey should take about 5 minutes to complete.