Derivatives Trader Electronic Market Making

Chicago, IL - USA

Yearly Salary: $ 150000 - 185000

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

Pay: $150000.00 - $185000.00 per year

Why This Is a Great Opportunity

Own real PnL and risk on live derivatives books at a high-performance proprietary trading firm.
Run and refine electronic market-making strategies in some of the worlds most competitive markets.
Work side-by-side with other experienced traders quants and technologists in a tight-knit collaborative team.
Direct impact on strategy design risk and long-term edgenot just button clicking.
Competitive base salary strong upside through performance bonuses and relocation support to Chicago.

Location

On-site in Chicago IL on a fast-paced trading floor with deep collaboration across trading research and technology teams.

Note

You must have at least 2 years of derivatives trading experience with direct PnL and risk responsibility plus 2 years operating electronic market-making software and be willing to work on-site in Chicago.

About Our Client Our client is a Chicago-based proprietary trading firm focused on building high-performance automated trading systems for global derivatives markets. Founded in 2011 they compete every day in complex fast-moving markets and believe the financial markets are the ultimate arena for curious driven and innovative people. They value low bureaucracy deep collaboration and a relentless drive to learn improve and win together.

Job Description

Own maintain and grow revenue streams for one or more derivatives products on the trading desk.
Take full responsibility for risk and PnL making critical time-sensitive trading decisions in real time.
Operate and refine electronic market-making software ensuring strategies perform robustly across market regimes.
Collaborate closely with team leads other traders quants and risk managers to improve trading systems and operations.
Identify and implement systemic improvements to trading strategies tools and workflows to maintain competitiveness.
Monitor positions market conditions and risk exposures throughout the trading day and adjust as needed.
Provide feedback on model behavior execution quality and system performance to research and technology teams.
Contribute to idea generation around new products strategies and markets aligned with the firms risk framework.

Qualifications

2 years of derivatives trading experience with direct ownership of PnL and risk.
2 years of experience operating electronic market-making software in exchange-traded derivatives.
Strong ability to assess and manage risk in a derivatives portfolio across products and market conditions.
Deep interest in financial markets and a genuine passion for trading.
Strong math and numerical aptitude comfortable with quantitative concepts.
Relentless desire to improve and refine strategies processes and personal performance.
Entrepreneurial mindset with a tenacious proactive approach to problem solving.
Keen attention to detail and a willingness to dig into complex issues.
Quantitative analysis skills are a plus; advanced degrees are preferred but not required.
Ability to work on-site full time in the Chicago office.

Why Youll Love Working Here

Competitive base salary with meaningful performance-based bonus potential.
Top-tier medical and dental coverage along with other core benefits.
Relocation assistance package available for candidates moving to Chicago.
Generous vacation policy plus ongoing training and continuing education opportunities.
Daily catered lunch snacks and beverages provided.
Regular group outings company events and a casual dress environment.
High-trust low-politics culture where strong performance and smart risk-taking are rewarded.

JPC-516

Job Type: Full-time

Benefits:

Dental insurance
Paid time off
Retirement plan
Vision insurance

Requirements: Must have 2 yrs of exp in derivatives trading. Must be a US citizen. Relocation- yes. Packages - yes

Submissions Name / Submit to their ATS portal HERE (only submit to portal). Jon to follow up: Charles:

Quick Recruiter Reference (Internal Summary)

Prop trading firm in Chicago hiring a Derivatives Trader to own PnL and risk on one or more products operating electronic market-making software and driving systemic strategy improvements. Needs 2 years derivatives trading with PnL responsibility and 2 years using electronic MM systems plus strong risk management instincts and passion for markets. On-site in Chicago; base likely below Senior Derivatives Trader (180k207k) with strong bonus upside relocation supported.

Recruiters Submission: To submit cancel - Derivatives Trader Electronic Market Making - Valkyrie Trading - JPC 516 - Source

**New Job Order Alert**

Client job title: Derivatives Trader Electronic Market Making
Location: Chicago IL
On-site hybrid remote: On-site
Experience: 2
Good fit job titles/keywords for candidates: Derivatives Trader Options Trader Futures Trader Volatility Trader Market Maker Electronic Trading Trader Prop Trader Options Market Maker Delta One Trader Systematic Trader
# of hires needed: 1
Open or not to recruiters on TE: YES

Pay: $150000.00 - $185000.00 per year Why This Is a Great Opportunity Own real PnL and risk on live derivatives books at a high-performance proprietary trading firm.Run and refine electronic market-making strategies in some of the worlds most competitive markets.Work side-by-side with other experien...