Quant Dealer – Commodities

New Delhi - India

Monthly Salary: Not Disclosed

Posted on: 9 hours ago

Vacancies: 1 Vacancy

Job Summary

Job Title: Quant Dealer – Commodities (Prop Desk)

Location: Darya Ganj New Delhi

Work Mode: On-site (Candidates must reside within reasonable commuting distance)

About the Desk

This is a proprietary trading desk focused exclusively on MCX commodities specifically Gold Silver and Copper. The desk does not trade crude or agri commodities and does not follow hedging mandates. The role is purely for proprietary positioning.

Trading Window: 9:00 AM to 11:30 PM (MCX cycle)

Role Overview

The Quant Dealer – Commodities will have a hybrid responsibility across live trading execution and quantitative strategy development. The role requires strong practical derivatives trading expertise disciplined risk management and the ability to develop and deploy strategies within a governed prop desk environment.

Key Responsibilities

1. Hot Path Trading (Execution Role)

Active intraday monitoring of Gold Silver and Copper futures and options
Rapid execution and order management
Spread management
Gamma scalping and volatility positioning
Monitoring liquidity and order flow behavior
Tracking slippage and execution cost

2. Strategy Development (Quant Modelling)

Develop test and optimize:
Options spreads
Calendar spreads
Ratio spreads
Straddles and Strangles
Synthetic futures
Inter-metal relative value strategies
Perform Greeks analysis including Delta Gamma Vega and Theta
Build and backtest Excel and spreadsheet-based models
Conduct volatility modelling and risk simulations
Submit trading models to RMS for approval
Deploy approved strategies into live trading

Required Qualifications

Education

/ B.E. / . in Mathematics Statistics or Physics

CA / CFA / FRM (preferred but not mandatory)

Strong market practitioner with 5 years of verified relevant experience

Required Technical Skills

Candidates must have hands-on experience in:

MCX Gold Silver and Copper derivatives
Practical understanding of options Greeks
Advanced Excel
Pivot Tables
Solver
Scenario Analysis
Basic VBA (preferred)
Spreadsheet modelling
Position sizing models
Risk and margin management

Trading Platforms / Systems Exposure

Experience with any of the following is preferred:

Greek Symphony
U-Trade
ODIN
Similar OMS / RMS platforms

Algo trading exposure (API-based or automated execution) is preferred.

Experience Required

4 to 7 years of relevant derivatives trading experience
Proven and verifiable trading track record
P&L history must be verifiable
Past employer reference is mandatory
Clean compliance history

Desired Traits

Strong analytical and high-IQ mindset
Fast and disciplined decision-making ability
Emotional stability during volatility and drawdowns
Strong adherence to Risk & Policy
No impulsive trading behavior
Strong documentation habit
Daily trade log maintenance discipline

Health & Work Stamina

Physically fit and mentally resilient
Able to sustain long market hours (up to 14 hours)
High alertness during evening US overlap sessions especially for Gold and Silver volatility

Work Culture Expectations

Punctual and regular attendance
No casual absenteeism
Available during high-volatility sessions
Respect for hierarchy and approval-based deployment process
RMS approval mandatory before live deployment of any strategy

Compensation Structure

Base Salary Incentive

Illustrative structure:

Fixed: X LPA
Variable: Percentage of net profits after cost
Tiered incentive slabs
Drawdown control bonus
Risk-adjusted performance bonus
Clawback provision (recommended)

Risk & Governance Framework

The role will operate under strict prop desk controls including:

Pre-defined maximum daily loss
Position limits
Margin utilisation cap
No overnight exposure without approval
Strategy deployment approval process
Weekly P&L review
Complete trade audit trail

Additional Compliance & Desk Conditions

Non-compete clause (minimum 1 year)
Confidentiality agreement
IP ownership of strategies by employer
No personal trading account allowed
No outside advisory or tip-giving
Digital security compliance mandatory
Acceptance of surveillance monitoring
Availability during holiday trading sessions if required due to US volatility
Backup dealer cross-training
Emergency volatility protocol

Job Title: Quant Dealer – Commodities (Prop Desk)Location: Darya Ganj New DelhiWork Mode: On-site (Candidates must reside within reasonable commuting distance)About the DeskThis is a proprietary trading desk focused exclusively on MCX commodities specifically Gold Silver and Copper. The desk does no...