Volatility Trader — Quantitative Market Making & Edge

Tradermath; Chicago (IL); Hybride; USD 150 000 - 200 000; Plein temps

Avantages offerts par ce poste

Health insurance

401(k) match

Parental leave

Tuition reimbursement

Gym access

Snacks & meals

Résumé du poste

Simplex is seeking a Volatility Trader in Chicago to identify market opportunities with favorable risk-reward profiles and to generate trade ideas while improving pricing systems and hedging. You will manage discretionary positions and collaborate with the market making team on systematic pricing overlays.

Ideal candidates have 3–5 years in volatility trading or research, strong options theory understanding, and demonstrated profitable ideas.

Qualifications

• Minimum 3–5 years of professional experience in volatility trading/research or portfolio management.
• Demonstrated track record of generating and executing profitable trading ideas.
• Strong foundation in options theory and Bayesian statistics/probability.
• Strong analytical judgment under uncertainty; able to operate decisively under constraints.
• Precise technical communication skills; able to concisely present conclusions and inputs, assumptions, and process.
• Sufficient technical skills to independently interface with data and prototype research ideas.

Responsabilités

• Conduct research to identify market dislocations, mispricings, or other trading opportunities in the volatility space.
• Monitor and manage live positions with a focus on order flow dynamics and counterparty behavior.
• Work closely with Simplex's core market making team to develop systematic approaches to volatility valuation or pricing overlays.
• Continuously improve the firm's toolset for volatility research, risk management, and P&L attribution.
• Clearly communicate and document research methodology and trading decisions for collaboration and review.

Connaissances

Volatility trading

Options theory

Bayesian statistics

Data analysis

Technical communication

Description du poste

Simplex is seeking a Volatility Trader in Chicago to identify market opportunities with favorable risk-reward profiles and to generate trade ideas while improving pricing systems and hedging. You will manage discretionary positions and collaborate with the market making team on systematic pricing overlays.

Ideal candidates have 3–5 years in volatility trading or research, strong options theory understanding, and demonstrated profitable ideas.