Junior Trader
Junior Trader
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Job Description
About Us:
Founded more than 15 years ago and headquartered in Chicago the DV Group of financial services firms has grown to more than 450 people operating throughout North America and in Europe. Since spinning out of a large brokerage firm in 2016 DV Trading has rapidly scaled as an independent proprietary trading firm utilizing its own capital trading strategies and risk management methodologies to provide liquidity to worldwide financial markets and hedging opportunities to commodity producers and users. Now DV group affiliates include two broker dealers a cryptocurrency market making firm and a bourgeoning investment adviser.
Responsibilities:
- Work alongside senior interest rate derivative traders with a specific focus on STIR options
- Learn about proprietary methodologies as well as greybox market making strategies
- Build and maintain trading models
- Set a Vol surface that is fundamentally sound appropriately rigid where trades represent capturable noise around the surface
- Use instantaneous flow/trade/market information to make decisions on reducing or adding specific portfolio risks as holdtimes change
- Regularly conduct scenario analysis for idiosyncratic risks and ahead of events
- Build indepth product knowledge across rates with particular focus on CB policy as well as current ECB liquidity implications for money market rates
- Gain experience managing expiration risk pin risk and handling zerovol delta decay
- Liaise with brokers and maintain existing relationships
Requirements:
- Strong work ethic and ability to learn quickly in a fast paced highpressure environment
- Detail oriented organized and diligent
- Strong interest in trading and interest rate derivatives in particular
- Strong understanding of math probability and statistics
- Proficient with Excel and VBA Python and statistical modeling
- Advanced aptitude for problem solving and multitasking
DV is not accepting unsolicitedresumesfrom search firms. Only search firms with valid written agreements with DV should submitresumesin response to DVs posted positions. Allresumessubmitted by search firms to DV via email the Internet personal delivery facsimile or any other method without a valid written agreement shall be deemed the sole property of DV and no fee will be paid in the event the candidate is hired by DV. DV is proud to be an equal opportunity employer and committed to creating an inclusive environment for all employees.
Required Experience:
Junior IC
Employment Type
Full Time
